Traders gather at a post on the floor of the New York Stock Exchange. A surge in hiring last month lifted U.S. stocks Friday, with the technology-heavy Nasdaq index hitting an 11-year high, as the data boosted hopes the world’s largest economy has turned a corner.
By Edward Krudy, Reuters Investors largely took a wait-and-see approach on Thursday as U.S. stocks ended little changed ahead of Friday’s key employment report, but tech shares rose after strong earnings from chipmaker Qualcomm. Recent economic data suggesting the economy is on a slow but steady path to recovery has ...
U.S. stocks had a big January, and they’re starting February strong, too. Stocks climbed Wednesday after strong manufacturing data and encouraging reports about the Greek debt crisis. Factories raised output in January by the most in seven months, according to the Institute for Supply Management’s manufacturing index. And the Commerce ...
NEW YORK — Stocks and the euro slid on Monday as a spike in Portuguese bond yields and the still-unresolved Greek debt talks raised investors’ fears that the already-fragile European and global economies face greater risks. A rise in the yield on Portuguese government bonds to more than 17 percent, ...
NEW YORK — January has turned out strong for equities with just two trading days to go. If you’re afraid to miss the ride, there’s still time to jump in. You just might want to wear a neck brace. The new year lured buyers into growth-related sectors, the ones that ...
DAVOS, Switzerland — Economist Nouriel Roubini, nicknamed “Dr. Doom” for his gloomy predictions in the run-up to the financial meltdown four years ago, says the fallout from that crisis could last the rest of this decade. Roubini, widely acknowledged to have predicted the crash of 2008, sees tough times ahead ...
By John W. Schoen, Senior Producer The U.S. economy perked up late last year as hiring acceleratedand factories ramped up production.Unfortunately, a lot of what those factories made is still sitting in warehouses and on store shelves. That doesn’t bode well for growth in the coming months. At first blush, ...
According to preliminary calculations, the Dow Jones industrial average fell 22.33 points, or 0.18 percent, to 12,734.63. The Standard & Poor’s 500 Index dropped 7.61 points, or 0.57 percent, to 1,318.45. The Nasdaq Composite Index lost 13.03 points, or 0.46 percent, to 2,805.28. Caterpillar Inc kept the Dow in positive ...
LOS ANGELES — Netflix Inc’s fourth-quarter revenue outpaced Wall Street’s expectations as the video rental website reversed subscriber losses to sign up more than 600,000 new U.S. customers in the period, pushing its shares up 13 percent. Netflix, which revolutionized the home video industry but in 2011 outraged customers with ...
Stocks closed mostly lower Tuesday, with the S&P 500 pulling back from a five-day rally, as talks to resolve Greece’s debt crisis hit a snag and a number of earnings from blue chips disappointed investors. Greece moved closer to the possibility of a chaotic default. The country’s private creditors pleaded ...
But the Nasdaq composite — a collection of technology stocks whose dot-com heyday was more than a decade ago — has left them both in the dust. That’s no surprise when you consider tech stocks took a licking last year. Tech companies tend to carry more risk — a problem ...
Stocks closed mixed Friday after a pair of bellwether corporate earnings fell short of lofty expectations, though a trio of strong results from Dow components kept the blue-chip average in positive territory. Investors also kept an eye on Greece, where a debt deal appeared to be close. IBM and other technology ...
By Samantha Bomkamp, Associated Press Stocks held on to small gains Thursday after applications for unemployment benefits fell and several companies reported earnings that were better than Wall Street was expecting, including Bank of America and Morgan Stanley. The Dow Jones industrial average rose 45.03, or 0.36 percent, to 12,623.98. ...
Stocks ended trading Wednesday sharply higher as good news from the International Monetary Fund, Goldman Sachs, and home builders helped buoy the market. The benchmark S&P 500 topped 1,300, a key point that analysts said could trigger more selling if it is convincingly pierced, and one not reached since last ...
Slight improvements in Europe’s troubled debt markets and China’s economy were enough to send stocks higher Tuesday. Debt auctions by Spain, Greece and Europe’s bailout fund drew solid interest from investors, easing fears that recent credit-rating downgrades would prevent them from obtaining funds. The downgrades had threatened to increase borrowing ...
NEW YORK — After wild price swings that left investors bewildered and not a cent richer last year, stocks are rising again, and calm has settled over the market like blue skies after a storm. Or maybe eye of the storm is the better metaphor. “It’s a little too calm,” ...
NEW YORK — U.S. stocks dropped on Friday, snapping a four-day winning streak after news reports that Standard & Poor’s would downgrade credit ratings on several eurozone countries. The ratings agency was reportedly set to downgrade eurozone countries, including France and Austria, but leave the ratings of Germany and ...
