A surge in job creation last month was not enough to rally stocks, as any optimism among investors about what the data said about the health of the economy quickly gave way to concern about inflation. The Labor Department said the U.S. economy added some 274,000 workers to payrolls in April, a full ...
Stocks lost ground today after a report showed a spike in weekly jobless claims and following the downgrade of the corporate debt of the two largest U.S. car markers to "junk" status. The Dow, which rose 120 points yesterday, lost 44.26 points, or 0.43 percent, today to close at 10,340.38. The Nasda...
With the Federal Reserve's latest meeting in the rear view mirror, investors were in a buying mood today, driving the Dow to a triple-digit gain and adding 1.5 percent to the Nasdaq. The Dow Jones industrial average roared higher by 127.69 points, or 1.24 percent, to close at 10,384.64. The Nasdaq w...
Markets finished mixed today after the Federal Reserve stayed true to recent form by boosting overnight interest rates by a quarter point for the eighth consecutive time. The Dow gained 5.25 points, or 0.05 percent, to close at 10,256.95. the Nasdaq was also higher, adding 4.42 points, or 0.23 perce...
A late day rally in oil prices and nervousness over the Federal Reserve's pending meeting kept a lid on a would-be rally on Wall Street today, with stocks managing modest gains. Stocks had moved sharply higher early in the session, largely on the strength of a continued decline in crude oil futures...
Stocks rebounded today as further declines in oil prices, which dipped below US$50 a barrel for the first time in two months, and data showing inflation being kept at bay provided relief from recent economic bad news. Though they fell short of making back all of the losses they sustained in a dismal...
Data showing the economy growing at the slowest pace in two years during the first quarter pushed investors into selling mode today and prompted just the latest in a string of recent triple-digit losses for the Dow. The Commerce Department said gross domestic product expanded at an annual rate of 3....
Stocks moved higher today as investors looked past the latest data hinting at economic softness and instead focused on falling oil prices. A sharp drop in crude futures paved the way for a modest rally as Wall Street continued its recent volatility. Crude oil futures fell US$2.59 per barrel, or abou...
Evidence that the housing market continues to chug along was outweighed by a drop in consumer confidence and led to a sell-off on Wall Street today. The Dow Jones industrial average dropped 91.34 points, or 0.9 percent, to 10,151.13. The Nasdaq lost 23.34 points, or 1.2 percent, to finish at 1,927.4
The latest round of billion-dollar mergers, strong data on home sales and talks aimed at keeping oil prices in check helped boost stocks today, with major averages adding to gains made during the previous week. The Dow Jones industrial average rose 84.76 points, or 0.83 percent, to close at 10,242.4
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