The Dow Jones Industrial Average today eked out a 13-point gain to hit another closing high. The S&P 500 remained in the red, however, as energy stocks slid and retailers reported weak earnings for the March-ending quarter.
This morning, U.S. housing starts jumped to their highest levels in roughly seven and a half years, while new permits rose.
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The Dow Jones Industrial Average today eked out a 13-point gain to hit another closing high. The S&P 500 remained in the red, however, as energy stocks slid and retailers reported weak earnings for the March-ending quarter.
This morning, U.S. housing starts jumped to their highest levels in roughly seven and a half years, while new permits rose.
Here are the day's top stories, stocks to watch, and need-to-know financial news...
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The DJIA Index and the S&P 500 both hit new record highs today as concerns about interest rate hikes faded and traders overlooked weakness in the housing markets.
Investors also largely ignored concerns raised over the weekend regarding Greece's ongoing debt woes and worries that the nation is on the verge of bankruptcy.
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The DJIA Index erased early gains to end today's session down 7 points on news that retail sales slumped in April, fueling new concerns that second-quarter growth may not rebound as projected by economists.
Former Federal Reserve Chairman Alan Greenspan said markets are facing another "taper tantrum" when the central bank increases interest rates in the near future.
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The DJIA Index pared early triple-digit losses as U.S. Treasury prices reversed course, but the index still lost 36 points on the day.
Dow Chemical Co. (NYSE: DOW) was the biggest drag on the Dow today, slipping 1.73%. Other big movers today include AOL Inc. (NYSE: AOL), Pall Corp. (NYSE: PLL), and Rackspace Hosting Inc. (NYSE: RAX).
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The Dow Jones Industrial Average today slipped 85 points on renewed concerns over Greece's debt problems and a downturn in the Chinese economy.
In addition, falling oil prices weighed down the energy sector this afternoon. Shares of Exxon Mobil (NYSE: XOM), Chevron (NYSE: CVX), and ConocoPhillips (NYSE: COP) all fell more than 1% today.
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The DJIA Index jumped 82 points, fueled by a rally in tech stocks and a downturn in global interest rates.
This morning, weekly jobless claims slipped to their lowest level in 15 years, creating even more anticipation for tomorrow's monthly employment report.
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The DJIA Index slumped 142 points on weak economic trade data that suggests the U.S. economy contracted in the first quarter.
Although GDP registered at 0.2% growth during the first reading last week, a surge in imports to levels not seen since October 2008 hints that future revisions might trend downward.
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The DJIA Index jumped more than 46 points on Monday as healthcare stocks surged higher and shares of Berkshire Hathaway Inc. (NYSE: BRK.A) pushed the financial sector into the green.
Merger talks reemerged in the cable industry as Charter Communications Inc. (Nasdaq: CHTR) executives have reached out to Time Warner Cable Inc. (NYSE: TWC) management to discuss a possible deal.
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The DJIA Index lost 195 points Thursday, fueled by disappointing economic data and earnings reports. Biotech stocks were a major drag on the Nasdaq, with the Nasdaq Biotech Index falling 3%.
The price of oil per barrel rallied higher toward $60 today. The month-long surge in oil prices inspire confidence that Brent and WTI will continue to rise to new yearly highs.
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The DJIA Index fell 42 points today, while the biotech sector dragged down the Nasdaq. The Nasdaq Biotech Index cratered 4.1% in the sector's largest daily decline in nearly a month.
On Tuesday, U.S. investors will be back on "Fed Watch," as the Fed Open Market Committee kicks off a two-day meeting to discuss monetary policy.
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The DJIA Index gained 88 points today after investors weighed earnings reports from a number of prominent companies.
Currency swings are heightening pressures on many multinational companies. But strong housing numbers and a change in China's financial policy that will allow U.S. credit card processors to operate in the massive market gave the markets a boost today.
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The DJIA today slid 85 points as corporate earnings continue to show the effects of a strong U.S. dollar. The dollar has surged more than 9% year to date and punished companies with a broad international focus and reliance on overseas sales.
The Nasdaq moved 19 points higher on news of a proposed biotech merger.
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The DJIA Index rose 208 points Monday. The rally was fueled by better than expected earnings reports and news that China slashed commercial bank reserve requirements by 1%.
In its second industry-wide cut in two months to this metric, the nation has freed up roughly $200 billion for lending in an effort to stave off slowing economic growth.
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The DJIA Index fell 279 points today as currency challenges and economic concerns in China and Europe rattled investors. China's GDP growth rate hit the lowest level in six years.
Oil prices declined today after Baker Hughes Inc. announced the U.S. rig count fell to the lowest level since 2010. WTI crude slipped 1.23% to hit $56.01 per barrel. Brent oil fell 0.52% to $63.65 per barrel.
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The DJIA today gave up mid-afternoon gains to end the session down 6 points amid mixed earnings reports and lackluster economic data. Weekly jobless claims jumped to a six-week high this morning.
The S&P 500 energy index dropped by more than 1% earlier today, before rallying back in the later afternoon on rising oil prices.
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