The Dow Jones today soared 154 points as U.S. markets posted their largest gains in five weeks on Wednesday. Federal Reserve Bank of Chicago President Charles Evans urged the central bank to be "exceptionally patient" when deciding a timeframe on increasing interest rates.
U.S. markets soared again Thursday, with the Dow Jones and S&P 500 both closing at record levels. Investors continue to eye the Federal Reserve, which said it will maintain a low interest rate for some time but plans to increase the rate in quick spurts as the economic recovery continues.
All eyes are on the Alibaba IPO, with BABA shares to begin trading on the NYSE Friday.
The Dow Jones today closed at a record high after the Federal Reserve released a statement that indicates its intent to maintain low interest rates for "a considerable time." Markets were quiet for most of the day, as investors were looking to determine whether the central bank plans to boost interest rates before the consensus expectations of mid-2015.
The Dow Jones today was on the rise as markets gear up for Chinese e-comm giant Alibaba Holding Group's initial public offering, slated for Friday.
The tech sector took a hit this afternoon. The Nasdaq slipped roughly 1% today, with Tesla Motors (Nasdaq: TSLA) falling 9% and Facebook (Nasdaq: FB) and Netflix (Nasdaq: NFLX) both off nearly 4%.
The Dow Jones Industrial Average (DJIA) closed down 61 points Friday, dipping beneath the 17,000 mark, while the S&P Volatility Index (VIX) soared more than 10% intraday.
Economic concerns tied to the new round of sanctions against Russian oil and gas companies weighed heavily on oil stocks this afternoon.
The DJIA today dipped due to a slide in energy prices, and U.S. stocks were mixed overall. Global growth concerns weighed heavily on crude oil prices, with Brent crude prices slipping below $100 per barrel for the first time in more than a year.
This dragged down prices of global producers and oilfield service providers such as BP (NYSE: BP) and Schlumberger (NYSE: SLB).
U.S. stock markets rallied Friday to end the week on a high note, with the S&P 500 and the Dow Jones both logging their fifth consecutive weekly gains.
Although a lackluster jobs report indicates that hiring slowed in August, the structural weakness in the jobs sector likely means the U.S. Federal Reserve will hold off on raising interest rates.
DJIA Today, Sept. 3, 2014: The Dow Jones Industrial Average managed to eke out a 10-point gain Wednesday, but overall U.S. markets were mixed as global tensions and strong auto sales offset one another. The Nasdaq was weighed down heavily by the tech sector this afternoon, as shares of Apple Inc. (Nasdaq: AAPL) slumped more than 4%.
Stock Market News Today, September 3, 2014: The Dow Jones Industrial Average dipped 30 points Tuesday after a rash of geopolitical concerns hit markets, and crude oil prices slipped to a 15-month low. Rising concerns in Pakistan, Iraq, and Ukraine outweighed positive news on the U.S. economy.
This morning, U.S. futures and European stocks were on the rise as hopes for a ceasefire in Ukraine emerged. The European Union (EU) is hoping to avoid issuing further sanctions on Russia following the invasion of eastern Ukraine.
The Dow Jones today dipped 30 points after a rash of geopolitical concerns hit markets and crude oil prices slipped to a 15-month low. Rising concerns in Pakistan, Iraq, and Ukraine outweighed positive news on the U.S. economy.
The Dow Jones Industrial Average (DJIA) today shed 42 points today and gold prices rose for the third consecutive session as investors sought safety from rising geopolitical tensions in Ukraine. This morning, Russian forces invaded Ukraine via the eastern border.
The losses remained tempered by a batch of strong economic data that saw U.S. second-quarter GDP growth revised upward to 4.2%.
DJIA Today, Aug. 26, 2014: U.S. stock markets struck multiple intraday records this afternoon, as strong consumer data suggested further momentum for the economy. The Dow Jones hit an all-time intraday high of 17,153.80. The S&P 500 Index hit another record to close above 2,000 for the first time today, fresh off its first intraday rise over that landmark level yesterday.
DJIA Today, Aug. 22, 2014: U.S. stocks were mixed on Friday as Federal Reserve Chair Janet Yellen's speech in Jackson Hole, Wyo., failed to beat back renewed geopolitical concerns in eastern Ukraine.
This morning, NATO announced that Russia was building up a strong troop presence on the eastern border of Ukraine, while another convoy entered the country.
DJIA Today, Aug. 20, 2014: U.S. stocks were up Wednesday after the release of minutes from the most recent Federal Open Market Committee meeting in July. According to the minutes, the consensus view of the FOMC is that interest rates won't begin to move higher until at least mid-2015.
Stock Market Close, Aug. 19, 2014: U.S. stocks roared again Tuesday, buoyed by strong earnings reports and a slew of positive economic data. The surge was led today by The Home Depot Inc. (NYSE: HD), which saw shares rise nearly 6% after the company beat Wall Street estimates for its second quarter.