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Fed’s bond-buying plan sparks strong financial rally
WASHINGTON — US stocks soared Thursday after the Federal Reserve announced a new “QE3″ bond-buying program focused on boosting jobs and pulling the housing market back to life. After trading flat before the Fed’s announcement, the Dow Jones Industrial Average ended up 206.51 points (1.55 percent) at 13,539.86. The S&P…
U.S. stocks score 3-day rally on stimulus hopes
NEW YORK — US stocks rallied for a third straight day Tuesday, buoyed by hopes for more stimulus from the Federal Reserve and the European Central Bank to boost weak economies. The Dow Jones Industrial Average finished at 13,168.60, up 51.09 points, or 0.39 percent. The tech-rich Nasdaq gained 25.95…
U.S. stocks score third day of gains
NEW YORK — US stocks notched gains for a third straight day Thursday as investors looked past disappointing economic data to a batch of positive corporate earnings reports. The Dow Jones Industrial Average closed with a modest increase of 34.66 points, or 0.27 percent, at 12,943.36. The S&P 500 advanced…
U.S. stocks sink on falling business confidence
NEW YORK — US stocks closed sharply lower Tuesday as investors digested a positive start to earnings season, a eurozone deal to help support Spain and its banks, and disappointing Chinese trade data. A slump in confidence registered by a US small-business survey and warnings on the corporate front “became…
Dow falls over 250 points on growth fears
NEW YORK — US stocks slid sharply Thursday, with the Dow Jones Industrial Average sinking two percent, as disappointing economic data from China and Europe followed the Federal Reserve’s slashing its growth forecast for the United States. Tech stocks fell broadly, with Microsoft’s 2.6 percent loss helping pull the Nasdaq…
Wall Street gives tepid response to Greek election
NEW YORK — Wall Street stocks ended Monday mixed as traders rapidly digested the victory of pro-euro parties in Greece’s election and focused on the next hurdle in Europe’s marathon economic crisis. An earlier rally in Asia and Europe on the back of Greece’s election results Sunday had petered out…
Dow Jones takes 275 point hit after bad jobs report
NEW YORK — US stocks dropped more than two percent Friday, with the Dow turning negative for the year for the first time, after poor labor market figures showing a meager 69,000 jobs were added in May. That combined with dismal data on industry from the US, Europe, China and…
U.S. stocks surge helped by economic data
NEW YORK — US stocks jumped Thursday as traders grew bullish on fresh economic indicators in the United States, Asia and Europe. Gains on all three key indices topped 1.3 percent, with big rises among the Dow blue chips led by a 4.6 percent spike higher by Caterpillar and a…
U.S. stocks fall for fifth straight session
NEW YORK — US stocks sank Tuesday for the fifth straight drop as worries about upcoming earnings, slower growth and the possibility of a Spain-driven return to crisis in Europe, kept a cloud over trade. The Dow Jones Industrial Average finished down 213.66 points (1.65 percent) to 12,715.93. The broader…
Dow surges to highest level since 2008 on solid U.S. data
NEW YORK — US stocks surged higher Thursday helped by buoyant data on new jobless claims and housing starts, with the Dow reaching its highest level since May 2008. Positive signs for the US economy poured in, with the weekly report of new claims for unemployment benefits falling to their…
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