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U.S. stocks rise ahead of earnings kickoff
NEW YORK — US stocks managed modest gains Monday as Wall Street awaited the unofficial kickoff of the fourth-quarter earnings season, which came shortly after the closing bell. After slipping into negative territory in early trade, the Dow Jones Industrial Average finished the session up 32.77 points (0.26 percent) to…
U.S. stocks sink after Fed paints grim outlook
NEW YORK — US stocks fell sharply Wednesday after the Federal Reserve’s “Beige Book” portrayed a still-weak economy in September, as big losses from tech stars Apple and Amazon pulled the Nasdaq down more than 2.0 percent. Reports of ongoing discord over the coming comprehensive rescue plan for the eurozone…
U.S. markets sink with no EU resolution in sight
NEW YORK — US markets sank Monday after a three-week rally after a meeting of G20 finance chiefs failed to boost confidence that a solution to the eurozone debt crisis is near. The Dow Jones Industrial Average was down 246.58 points (2.12 percent) to 11,397.91 in closing trade. The broader…
World stocks post worst quarter in 3 years
NEW YORK (Reuters) – Global stocks closed their worst quarter in nearly three years on Friday on nagging concerns about the world economy and the lack of a credible solution to Europe’s debt crisis. The euro and most commodity prices also fell as investors’ search for safety drove up U.S.…
U.S. markets extend losses, Dow down 4%
NEW YORK — US stocks extended a brutal sell-off Thursday, plunging more than four percent in the final hours of trade, fueled by the Federal Reserve’s stark warning about the health of the US economy. The Dow Jones Industrial Average was down 478.47 points (4.30 percent) to 10,646.37 at 1800…
U.S. stocks rally on Fed report
NEW YORK — US stocks jumped on Wednesday after a German court ruling helped clear the way for a eurozone bailout plan and the Federal Reserve said the US economy was still growing slowly. The Dow Jones Industrial Average rose 275.56 points (2.47 percent) to close at 11,414.86, in a…
Consumer spending data lifts US stocks more than 2%
US stock markets rallied on Monday as upbeat data on consumer spending lifted hopes that economic growth would pick up speed, while Hurricane Irene caused less damage than feared. The Dow Jones Industrial Average was up 254.71 points (2.26 percent) to close at 11,539.25. The broader S&P 500 surged 33.28 points (2.83…
Spending data lifts U.S. stocks more than 2 percent
NEW YORK — US stock markets rallied on Monday as upbeat data on consumer spending lifted hopes that economic growth would pick up speed, while Hurricane Irene caused less damage than feared. The Dow Jones Industrial Average was up 254.71 points (2.26 percent) to close at 11,539.25. The broader S&P…
Bank of America stock falls on denial of CCB sale
NEW YORK — Disappointment that Bank of America would not jettison its entire $17 billion stake in a major Chinese bank in order to boost its own capital sent its shares tumbling Tuesday. BofA shares dropped nearly two percent — against an overall rally in stock markets — after news…
Recession scare sparks new plunge in U.S. stocks
NEW YORK — New worries about a second recession in the United States and Europe, prompted by an investment bank report, sent US stocks into a new sharp fall Thursday. The Dow Jones Industrial Average closed down 419.63 points (3.68 percent) to 10,990.58, following an earlier rout on Europe’s bourses.…
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