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:
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...
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...
Dow Jones Today: At the closing bell, the Dow Jones Industrial Average was up 40.39 points to finish at 16,573.00. The Nasdaq increased 8.42 points, finishing at 4,276.46, while the S&P 500 climbed 5.38 points to finish at 1,890.90.
Here's a recap of other major events today:
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Stock market today, April 2, 2014: The Dow Jones Industrial Average climbed 74.95 points to finish at 16,532.61. The Nasdaq increased 69.05 points finishing at 4,268.04, while the S&P 500 hit a new record today before settling at 1,885.52.
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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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Dow Jones today: At the closing bell, the Dow Jones Industrial Average surged 134.60 points to finish at 16,457.66. The Nasdaq increased 43.24 points to finish at 4,198.99, while the S&P 500 was up 14.72 points to finish at 1,872.34.
Here's a recap of other major events today.
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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:
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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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.
At today's closing bell, the Dow Jones Industrial Average rose 91.19 points to finish at 16,367.88. The Nasdaq increased 7.88 points to finish at 4,234.27, while the S&P 500 hit an intraday all-time high before falling to close at 1,865.62.
Here's a recap of other major events today:
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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
Today's stock market news, March 24, 2014: The Dow Jones Industrial Average declined on Friday slightly by 0.19% to close at 16,300.45; last week, the Dow gained 1.45%, or 232.83 points.
On Friday, the Nasdaq slipped 42.50 points to finish at 4,276.79, while the S&P 500 dropped 5.49 points to end the day at 1,866.52.
Now here are the stories moving markets today:
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Global Geophysical Services Inc. (NYSE: GGS) played today's (Tuesday) "stock market crasher," plunging 60.68% to an all-time low after announcing that several of its past financial reports are inaccurate.
On Monday, the provider of seismic data to energy companies shocked with Q4 and full-year 2013 earnings. In it the company stated its financial reports and related auditors' reports for each of the fiscal years ended Dec. 31, 2012, 2011, 2010, and 2009, plus the first, second, and third quarters of 2013, "should no longer be relied upon because of accounting errors resulting from material weaknesses in the company's internal controls."
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Stock market today, March 17, 2014: The Dow Jones Industrial Average slipped 43.22 points on Friday to hit 16,065.67. The Nasdaq was flat, ending the day at 4,245.40. The S&P 500 slid 5.21 points to close at 1,841.13.
Now here's the news moving markets today:
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