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Stocks End Mostly Lower in Quiet Pre-Thanksgiving Trading

Tech and banks down, energy companies up

(Newser) - Stock indexes ended mostly lower Wednesday on Wall Street in a quiet day of trading ahead of the Thanksgiving holiday, the AP reports. Technology companies and banks finished broadly lower, though Apple managed to gain 1%. Energy companies rose as oil prices jumped on reports OPEC might extend production cuts.... More »

As Tech Companies Go, so Go US Stocks

Losses for both Wednesday

(Newser) - Technology companies led a broad slide for US stocks Wednesday, extending the markets losses from a day earlier, the AP reports. Big tech names, which have far outpaced the rest of the market this year, took modest losses. Chipmaker Nvidia lost 2%. Companies that make consumer products also were big... More »

Slumping Energy Sector Pulls Stocks Lower

Crude oil prices experienced sharp drop

(Newser) - Slumping energy stocks pulled the broader market slightly lower Tuesday, erasing small gains from the day before, the AP reports. A sharp drop in crude oil prices Tuesday weighed down the energy sector. Range Resources dropped 6.6% and Newfield Exploration gave up 7.1%. Disappointing results or outlooks from... More »

Stocks Closed Mixed on Wall Street

And House Republicans' tax proposals didn't help

(Newser) - Stocks closed mixed Thursday as investors pored over House Republicans' tax proposals and a disappointing round of company results, the AP reports. Rubbermaid owner Newell Brands plunged 27% and generic drugmaker Teva Pharmaceutical Industries dropped 20%. Both cut their annual forecasts following weak third quarter reports. Homebuilders fell after Republicans... More »

Drug Makers Down, Banks Up on Wall Street

Technology also fared well Thursday

(Newser) - Stocks closed higher Thursday on Wall Street led by technology companies and banks, but drug makers and distributors tumbled, the AP reports. Aetna surged nearly 12% after the Wall Street Journal reported it's in talks to be acquired by drugstore chain CVS. McKesson fell 5.2% after a report... More »

Sharp Losses on Wall Street for Tech and Industrial Firms

Banks didn't fare too well either on Wednesday

(Newser) - Stocks closed sharply lower Wednesday on Wall Street as technology and industrial firms as well as banks took sharp losses amid weak quarterly earnings, the AP reports. Chipmaker Advanced Micro Devices sank 13.4% Wednesday and network equipment maker Juniper Networks fell 6.1% as their fourth-quarter forecasts disappointed investors.... More »

Despite Only Modest Gains, More Record Highs on Wall St.

Technology and health care stocks rose Wednesday

(Newser) - Stocks managed to post modest gains Wednesday on Wall Street, enough to set more record closing highs, the AP reports. Technology and health care stocks rose more than the rest of the market, while banks and phone companies fell. Johnson & Johnson rose 2.1% after the company asked regulators... More »

Banks Up, Apple Down as Stocks Hit More Record Highs

Banks benefited from higher bond yields

(Newser) - Stocks climbed to more record highs Tuesday on Wall Street, led by big gains in banks, the AP reports. Banks were benefiting from higher bond yields, which allow them to charge higher interest rates on loans. Bank of America gained 2.5% and Wells Fargo rose 1.8%. Chemicals company... More »

Equifax Breach, Hurricane Irma Weigh on US Stocks

Stocks were little changed Friday

(Newser) - Major US stock indexes wound up pretty much where they started Friday on Wall Street as losses in technology and energy companies outweighed gains in banks and insurers, the AP reports. Equifax plunged 13.7% in heavy trading Friday after the credit monitoring company disclosed a massive data breach. Insurers,... More »

Banks, Insurers Weigh on Stock Market

Stocks closed mixed Thursday

(Newser) - Stocks are closing mixed Thursday as losses for banks and insurers are partly offset by gains in health care and technology companies, the AP reports. Banks fell along with bond yields, which tends to force interest rates on loans lower. Insurance companies fell as investors weighed the prospects of losses... More »

Energy Stocks Lead Gains on Wall Street

Makes up for some of the losses Wednesday

(Newser) - Stocks closed higher Wednesday on Wall Street, recovering some of the market's hefty losses from the day before, the AP reports. Energy companies led the gainers Wednesday, climbing as the price of crude oil rose. Chevron climbed 2.2%. Gains by health care companies and several big retailers also... More »

Weak Jobs Report Helps Stocks Friday

Stocks rose with banks, automakers

(Newser) - US stocks finished higher for the sixth day in a row Friday as a relatively weak jobs report helped banks, car companies, retailers, and others, the AP reports. The Labor Department said employers added 156,000 jobs in August. Investors felt that will help make sure the Federal Reserve won'... More »

Stocks Have 2nd Worst Decline of 2017

Standard & Poor's 500 has biggest drop since May

(Newser) - Stocks had their second-worst drop of the year, led by declines in technology companies, retailers, and banks, the AP reports. The slump Thursday brought the Standard & Poor's 500 index back to where it was on July 11. It was the biggest drop for the benchmark index since May.... More »

Dow Jones Closes at Another All-Time High

Banks, tech lead stocks slightly higher overall

(Newser) - Banks and technology companies posted modest gains on Wall Street, leaving indexes slightly higher at the closing bell, the AP reports. The tiny gains Thursday were enough to mark another all-time closing high for the Dow Jones industrial average. Goldman Sachs and Apple contributed the most to the Dow's... More »

The Stock Market Crashed Monday. But Not Really

Websites mistakenly shared incorrect test data showing various stocks at $123.47

(Newser) - In browsing finance websites Monday, investors may have mistakenly thought they'd gained millions or billions of dollars—or lost as much. In reality, Google Finance, Yahoo Finance, CNNMoney, and Bloomberg mistakenly reported Monday that share prices for a variety of companies were exactly the same: $123.47, reports CNNMoney... More »

Weak Retail Report Sends Stocks Mostly Lower

But the Dow hit another record high

(Newser) - Stocks closed mostly lower on Wall Street after a weak report on retail sales got investors worried about the economy, the AP reports. Small-company stocks fell more than the rest of the market Wednesday. High-dividend sectors like consumer goods makers and utilities gained as investors shifted money into lower-risk investments.... More »

US Stocks End Week Down After Wednesday's Big Drop

Despite modest gains Friday

(Newser) - Industrial companies led US stocks broadly higher Friday, extending the market's modest gains from the day before, the AP reports. Investors were cheering solid earnings from several companies. Banks and materials stocks were also up sharply. Energy companies also moved higher as the price of crude oil rose. Deere... More »

Drop in Price of Oil Cancels Out Other Stock Gains

US stocks end Thursday more or less where they started

(Newser) - Major US stock indexes ended up more or less where they started on Wall Street as big drops in energy companies canceled out gains elsewhere in the market, the AP reports. Energy companies posted sharp losses on Thursday after the price of crude oil plunged 5% to its lowest level... More »

Trump Tax Plan Announcement Wipes Out Early Market Gains

US indexes closed nearly unchanged Wednesday

(Newser) - Stocks closed nearly unchanged as early gains evaporated following the White House's announcement about its tax policy proposals, the AP reports. Corporate earnings were also in focus Wednesday. Overall more stocks rose than fell. Health care companies gained more than the rest of the market. Health insurer Anthem gained... More »

Nasdaq Cracks 6,000 Points for 1st Time Ever

And strong company earnings powered stock gains Tuesday

(Newser) - Stocks closed higher on Wall Street after several big companies reported solid earnings, the AP reports. The gains Tuesday were enough to send the Nasdaq composite index above 6,000 points for the first time. Materials and energy companies rose more than the rest of the market. Caterpillar rose 7.... More »

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