Benchmarks finished in negative territory on Wednesday on weak GDP report while Fed retained the data-dependent stance regarding rate hike. The U.S. economy expanded at a slower pace in the first quarter due to severe winter weather, major disputes in ports and stronger dollar that adversely affected export-oriented companies. Meanwhile, investors continued to keep an eye on first quarter earnings […]
Benchmarks finished mixed on Tuesday amid a slew of positive earnings results, weak consumer confidence report and decline in biotech stocks. The Dow and the S&P 500 registered modest gains banking on encouraging earnings results. IBM’s move to increase its quarterly dividend boosted the blue-chip index. However, the Nasdaq ended in the red after biotech stocks took losses. Decline in […]
ShutterstockThe stock market appears headed for one of those points again when investors lose money, and a lot of it.Sure, the day-to-day moves of the market can cost investors at any time, but this is more about the correction, downturn or something bigger that many experts feel is on the horizon.In those times of heightened market tension, investors lose ground […]
APActors Robert Downey Jr. and Jeremy Renner ring the opening bell Monday at the New York Stock Exchange. By Caroline ValetkevitchNEW YORK – U.S. stocks ended down Monday, led by losses in biotech shares after disappointing news from several companies including Amgen.The Nasdaq Biotech Index sank 4.1 percent, its biggest daily percentage loss since March 25, while the S&P […]
Benchmarks ended higher on Friday boosted by upbeat quarterly results from Amazon and Microsoft. Friday’s gains helped the S&P 500 and the Nasdaq close at record high levels. Benchmarks also ended the week on a positive note with the Nasdaq registering its biggest weekly gain since Oct 2014.For a look at the issues currently facing the markets, make sure to […]
Benchmarks ended in the red on Friday following investor concern over new equity market regulations in China and Greece’s debt crisis. Meanwhile, AmEx’s dismal earnings results weighed on the Dow. The S&P 500 and the Dow both registered their worst one day percentage decline in more than three weeks on Friday. Benchmarks also finished in negative territory for the week […]
NEW YORK (AP) — Major stock indexes flipped from losses to gains Thursday afternoon following a rebound in crude oil prices. Major markets in Europe finished with losses amid renewed concerns that Greece could default on its debts.KEEPING SCORE: The Dow Jones industrial average rose 39 points, or 0.2 percent, to 18,153 as of 2:34 p.m. Eastern time. The Standard […]
NEW YORK (AP) — Netflix soared, big corporations turned in quarterly results, and investors welcomed new companies into the market. There was plenty of news, but major indexes finished the day just short of where they started.Stocks drifted lower at the start of trading, followed oil prices higher in the early afternoon, then flipped back to slight losses in the […]
Benchmarks ended Monday’s trading session in the red as investors feared a stronger dollar and weaker oil prices may affect first quarter earnings results. Investors were also apprehensive about the timing of the Federal Reserve’s decision to hike federal funds rates.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe […]
Benchmarks ended Wednesday’s volatile trading session with modest gains after Fed minutes hinted at a possible rate hike this year. While “several” officials favored a rate hike in June, others opined a rate hike isn’t necessary until later this year as strong dollar and drop in oil prices will keep inflation rate lower. Meanwhile, new deal between Mylan and Perrigo […]
