Stock market today, May 16, 2014: The Dow Jones Industrial Average slumped as many as 200 points Thursday on lukewarm housing numbers, poor retail earnings, and a sell-off in small cap stocks.
Stock Market Today, May 15, 2014: The Dow Jones Industrial Average slumped as many as 200 points on Thursday on lukewarm housing numbers, poor retail earnings, and a sell-off in small-cap stocks.
Here are the closing numbers:
DOW: 16,447, -1.00%
S&P 500: 1,871, -0.93%
NASDAQ: 4,069, -0.77%
Money Morning's Defense and Tech Specialist Michael Robinson knows we've had a quiet recovery in the Dow Jones Industrial Average since February and that has him pointing to his calendar. Because he's confident the Dow is going to hit 17,000 by this date in 2014.
Robinson joined FOX Business' "Varney & Co." today (Wednesday) and told viewers why the markets are going up and when he expects the Dow to surpass 17,000. He also discussed why the recent news of an AT&T Inc. (NYSE: T) deal with DirecTV (Nasdaq: DTV) is so important to AT&T.
See for yourself, here...
Premarket movers today, May 14, 2014: The Dow Jones Industrial Average rose to a new closing record on Tuesday of 16,715.44. The S&P 500 hit a record intraday high, touching over 1,900 for the first time ever.
Financial news today, May 13, 2014: The Dow Jones Industrial Average closed at an all-time record on Monday as shares of small-cap and technology stocks rebounded from recent losses.
The Dow Jones Industrial Average soared to a new intraday record Monday as shares small-cap and technology stocks rebounded from their recent losses. Caterpillar Inc. (NYSE: CAT) continues to drive the exchange higher, as it is the only stock on the Dow that is up double-digits this year.
Wall Street news today, May 12, 2014: The Dow Jones Industrial Average was flat on Friday as the market looks ahead to a critical succession vote by Pro-Russian loyalists in the Ukraine. Unimpressive jobs data also played a factor in the markets' performance.
This morning, U.S. Futures and global markets were on the rise after China's State Council committed to greater market liberalization over the weekend.
The Dow Jones Industrial Average was flat on Friday as the market looks ahead to a critical succession vote by Pro-Russian loyalists in the Ukraine. Unimpressive jobs data also played a factor in the markets' performance.
Here are the closing numbers:
DOW: 16,583.34, +0.2%
S&P 500: 1,878.47, +0.15%
NASDAQ: 4,071.87, +0.5%
Wall Street news today, May 9, 2014: The Dow Jones Industrial Average jumped Thursday as U.S. Federal Reserve Chair Janet Yellen offered a positive outlook for the U.S. economy during her congressional testimony. The Nasdaq, however, was down after technology stocks took yet another hit.
This morning, U.S. Futures are in the red as new concerns over Ukraine have emerged.
Financial news today, May 8, 2014: The Dow Jones Industrial Average jumped Wednesday after Fed Chair Janet Yellen told the Joint Economic Committee of Congress that the U.S. economy needed additional support to buffer the "considerable slack" in the labor market. Yellen also stressed risks in the housing market and rising geopolitical tensions.
This morning (Thursday), U.S. futures are flat on positive Chinese trade data and the anticipation of jobless claims.
Financial news today, May 7, 2014: Major indices slipped on Wednesday on news that the OECD cut its 2014 global forecast for growth by 0.2%.
Federal Reserve Chairwoman Janet Yellen will testify before the Joint Economic Committee of Congress this morning at 10 a.m. On Thursday, Yellen will appear before the Senate Budget Committee.
Financial news today, May 6, 2014: U.S. futures were on the rise Tuesday morning on mixed global results and positive forecasts for the national economy. The Organization for Economic Cooperation and Development said it expects U.S. economic growth to rebound strongly in Q2 2014 after the brutal winter weather. The agency also expects inflation to remain in check until mid-2015.
Wall Street news today, May 5, 2014: U.S. futures were in the red on Monday morning after new data indicated that Chinese manufacturing decreased for the fourth consecutive month in April. On Friday, all three major indices slipped after April's jobs report indicated erosions in the workforce participation rate.
Dow Jones Today: The markets slid on Friday despite the fact that the unemployment rate slipped to a five-year low.
The jobless rate fell to 6.3%, beating expectations of 6.6%. In April, the U.S. economy created 288,000 jobs, but the labor participation rate slipped to 62.8% from 63.2%.
The Dow Jones Industrial Average was down 46.04 points to finish at 16,512.83. The S&P 500 slid 2.56 points to close at 1,881.12, while the Nasdaq was down 3.55 points to finish at 4,123.90.