During the last quarter of 2006, Cingular Wireless' profits jumped fourfold and Sun Microsystems registered a profit for the first time in more than a year; however, Seagate Technology's earnings dropped by about 50 percent. Nevertheless, as many major tech companies report their earnings this week,...
The latest salvo in the merger and acquisition boom along with some economic data that turned out better than expected helped lift stocks today. Markets moved higher early after Circuit City revealed it was the target of a US$3.5 billion takeover bid from private investment firm Highfields Capital M...
U.S. stocks rallied today as a weaker-than-anticipated unemployment report put investors in a positive mood by alleviating concerns about interest rates. The Dow Jones Industrial Average added 123.03 points, or 1.16 percent, to close at 10,716.13 while the Nasdaq gained 29.02 points, or 1.41 percent...
An employment report for December that showed steady job creation and capped the best year for hiring since 1999 wasn't enough to prevent stocks from ending the week in negative territory, with yet another weak session today. The Dow finished the day and week at 10,603.96, down 18.92 points, or 0.18...
Word that the Federal Reserve is increasingly worried about the prospects of inflation sent stocks tumbling today, with the Dow narrowly avoiding a triple-digit loss and the Nasdaq giving up more than 2 percent. The concern, found in the recently released minutes of the Fed's December meeting, when ...
U.S. stocks ended the session on a relatively flat note today, with little news and light overall trading volume heading into New Year's Eve. Despite some positive economic news from the Labor Department, investors appeared to be unmoved, locking in profits before 2004 comes to an end at the close o...
Stocks lost ground today, with news about specific stocks denting the Dow and a lack of impetus for buying keeping other indexes from moving higher. The limited economic news available was mostly good, with the National Association of Realtors saying that sales of existing homes surged to record hig...
Consumer confidence surged in November to its highest levels since July as more people bet on better times ahead in 2005, a belief that stock market investors shared today as they continued the year-end rally. All major U.S. stock markets rallied after the Conference Board reported that its index of...
Stock markets slumped back from the holiday weekend today as refreshed concern over the weakness of the U.S. dollar and worries that the holiday shopping season won't pass muster outweighed a plunge in oil prices. The Dow lost 50.99, or 0.47 percent, to close at 10,776.13. The Nasdaq was lower by 6....
The long-anticipated year-end rally got under way in earnest on Wall Street today as stocks roared higher, pushing the Dow to its highest level in more than three years. The Dow closed at 10,759.43, up 97.83 points, or 0.92 percent on the session, its best closing price of the year and the highest s...
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