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U.S. stocks struggle as Caterpillar dims outlook
NEW YORK — A diminished sales forecast by industrial bellwether Caterpillar clouded stocks Monday, but a last-minute burst of buying pushed the Dow and S&P 500 barely back into the black for the session. The Nasdaq, however, claimed solid gains on the back of a 4.0 percent surge by Apple,…
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…
Nasdaq readies payouts for Facebook IPO glitch: WSJ
EW YORK — Nasdaq is taking steps toward compensating investor losses due to computer glitches that fouled trading on the first day of Facebook’s $16 billion IPO, the Wall Street Journal said Tuesday. Nasdaq OMX Group, which operates the Nasdaq exchange, has told brokers that it expects to submit plans…
U.S. shares score solid gains but Facebook flops
NEW YORK — US shares racked up strong gains Monday with the Nasdaq adding nearly 2.5 percent helped by an Apple surge, but Facebook shares flipped below their IPO price on their first full day of trading. Jumps in the prices of the Nasdaq’s two largest companies — Apple and…
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…
Websites of Nasdaq, BATS hit in online attack
NEW YORK (Reuters) – Websites of exchange operators Nasdaq and BATS have been attacked by hackers over the last 24 hours, causing ongoing disruptions for those trying to use the sites, spokespersons for the companies said on Tuesday. Only the banner carrying the logo at the top of the web…
Wall Street tumbles more than 2 percent
NEW YORK (Reuters) – Wall Street tumbled more than 2 percent on Tuesday and the Nasdaq turned negative for the year as Japan’s looming nuclear crisis looked set to thrust financial markets into a period of turmoil. U.S. shares seen as exposed to the disaster as well as economically sensitive…
Nasdaq hit by hackers
WASHINGTON (AFP) – The Nasdaq stock exchange said hackers penetrated one of its computer systems, but that there was no evidence customer information or trading was compromised. “Through our normal security monitoring systems we detected suspicious files on the US servers unrelated to our trading systems,” said Frank DeMaria, spokesman…
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