Wall Street

5 Top Stories as Dow Jones Industrial Average Sinks 267 Points Today

Stocks down

At the closing bell, the Dow Jones Industrial Average fell 267 points to finish at 16,169.90. The Nasdaq fell 129 points to finish at 4,054.11, while the S&P 500 dropped 39 points to 1,833.09.

Markets plunged on Thursday despite positive economic data on unemployment benefits. The number of Americans filing new applications for unemployment benefits has fallen to its lowest level in almost seven years. The Nasdaq had its worst day since 2012 as biotech and online firms slumped the hardest.

Stock Market News Today: The U.S. Treasury's $2.38 Billion IPO

Stock Market Today

Stock market news today, April 10, 2014: The Dow Jones Industrial Average roared on Wednesday following an announcement that the U.S. Federal Reserve unanimously decided to ditch the thresholds it had set on dealing with unemployment and raising interest rates.

At the closing bell Wednesday, the Dow Jones rose 181 points to finish at 16,437. The Nasdaq gained 70 points to finish at 4,183, while the S&P 500 added 20 points to end the day yesterday at 1,872.

Here are the five things you should know to make your day profitable:

Dow Jones Industrial Average Up 181 Points in Best Day This Month

small cap stock winners with sid riggs

The Dow Jones Industrial Average roared on Wednesday following an announcement that the U.S. Federal Reserve unanimously decided to ditch the thresholds it had set on dealing with unemployment and raising interest rates.

At the closing bell, the Dow Jones rose 181 points to finish at 16,437. The Nasdaq gained 70 points to finish at 4,183, while the S&P 500 added 20 points to end the day at 1,872.

Here's a recap of other major events moving markets today:

Chinese Currency Concerns Top Today's Stock Market News

Hot Stock Market News Today

Stock market news today, April 8, 2014: U.S. markets slumped for a third consecutive trading session on Monday following a sharp selloff in social media, Internet, and biotech stocks.

All three major indices slipped by more than 1%.

The Dow Jones Industrial Average fell 166 points yesterday to finish at 16,245. The Nasdaq dropped 47 points to finish at 4,079, while the S&P 500 lost 20 points to end the day at 1,845.

Here are the five things you should know to make your day profitable:

The Real Reason the Stock Market Is Rigged

Stock Market Performance Today

Everyone's talking about Michael Lewis' latest book Flash Boys and HFT (high-frequency trading) and whether the markets are rigged.

What they're not talking about is how the markets have been set up for institutionalized rigging.

I'm not kidding.

The markets are rigged. You're going to have to get over it and deal with it.

The rigging is in the system and that's just the way it is...

As to HFT, I'll get to that...

Dow Jones Today Slips on Weak European Data

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News in the Dow Jones today, April 3, 2014: Here we go again. In an effort to meet its aggressive 7.5% growth target, China will break out the Keynesian prescriptions and increase stimulus spending for the balance of 2014.

At the closing bell, the Dow Jones Industrial Average fell 0.45 points to finish at 16,572.55. The Nasdaq dropped 38.72 points finish at 4,237.74, while the S&P 500 was down 2.13 points to end the day at 1,888.77.

Here's a recap of other major events today...

5 Top Stories in the Stock Market Today

Stock market today, April 1, 2014: The markets jumped again on Tuesday after car manufacturers reported stronger than expected sales in March. The auto industry's big month may be attributed to higher demand in March, after the weather hampered sales in January and February.

At the closing bell, the Dow Jones Industrial Average climbed 74.95 points to finish at 16,532.61. The Nasdaq increased 69.05 points finish at 4,268.04, while the S&P 500 hit a new record today before settling at 1,885.52.

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Today's Stock Market News: Obamacare Deadline Arrives

Today's stock market news, March 31, 2014: The Dow Jones Industrial Average rose 58.8 points on Friday to finish at 16,323.0. The Nasdaq increased 4.5 points to finish at 4,155.7, while the S&P 500 rose 8.5 points to close at 1,857.6.

Monday kicks off a busy week of economic data on the global economy. Multiple central banks will hold April policy meetings while U.S. investors will find out whether or not the winter weather has hindered job growth across the nation.

Here are the other stories moving markets today:

Dow Jones Today Ends Up, with TSLA, AAL, and BBRY in Focus

Stock market today, March 28, 2014: At the closing bell, the Dow Jones Industrial Average rose 58.8 points to finish at 16,323.0. The Nasdaq increased 4.5 points to finish at 4,155.7, while the S&P 500 rose 8.5 points to close at 1,857.6.

Investors are looking forward to next week, with a huge March jobs report slated for Friday, April 4.

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Stock Market Today: Dow Jones Industrial Average Falls on Fed Worries

In the stock market today, all three major U.S. indices closed lower as concerns that the U.S. Federal Reserve might raise rates sooner than expected continued to weigh on traders' minds.

At the closing bell, the Dow Jones Industrial Average fell 4.76 points to finish at 16,264.23. The Nasdaq dropped 22.35 points finish at 4,151.23, while the S&P 500 slid 3.52 to close at 1,849.04. Meanwhile, gold prices fell $8.70 to close at $1,294.70 - below the $1,300 threshold for the first time in six weeks.

The Huge Economic Indicator Everyone Misses

If you like bull markets, you better hope Janet Yellen is one of the most talkative Fed Chairs in history.

It's not that she's going to say anything brilliant or insightful, just that she says something... anything... on a regular basis.

You see, there's a direct relationship between how much she says and what's happening in the markets. What she says is almost completely irrelevant.

I know people spend hours agonizing over the slightest nuances in each statement, but really none of those things matters.

Unless you are a policy wonk, Fed statements are pretty consistently useless pontifications made every 6 to 8 weeks by the head of a supposedly independent financial body that is, in fact, a highly politicized entity.

The Fed exercises little if any control over variables and targets that it changes at will and deems relevant at its sole discretion.

Harsh? You bet. But not without merit... Full Story

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