New York Stock Exchange

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Banks, Phone Companies Drag Stock Market Lower

And one toy maker took a nosedive

(Newser) - The stock market closed slightly lower led by declines in phone companies, banks, and health care providers, the AP reports. Verizon slumped 2.3% Friday, while Bank of America lost 1.6%. In earnings news, Mattel nosedived 13.6% after the struggling toy maker reported a big drop in sales. More »

Stocks Close High on Strength of Banks, Industry

Nasdaq closes at all-time high

(Newser) - Stocks closed solidly higher as investors found plenty to like in the latest earnings reports from financial and industrial companies, the AP reports. Transportation companies did especially well Thursday. Railroad operator CSX jumped 5.6% after releasing surprisingly strong earnings. Makers of basic materials also rose. Paint and coatings maker... More »

Stocks End Lower After Drop in Price of Oil

A weak showing by IBM didn't help

(Newser) - Stocks gave up an early gain and closed mostly lower after a sharp drop in the price of crude oil dragged energy companies down, the AP reports. A weak showing by IBM also weighed on technology stocks Wednesday and tugged the Dow Jones industrial average lower. IBM slumped 4.9%... More »

Health Care, Banks Lead US Stocks Lower

Goldman Sachs fell 4.7%

(Newser) - Stocks closed lower on Wall Street as poor results from Johnson & Johnson, Goldman Sachs, and other companies put a damper on buying, the AP reports. Johnson & Johnson lost 3.1% Tuesday, and drugmaker Cardinal Health slumped 11.5%. Goldman Sachs fell 4.7% after reporting a rare miss... More »

Tiny Gains for US Stocks After Bumpy Day of Trading

Energy and banks led the way

(Newser) - US stocks managed to end with tiny gains after a bumpy day of trading, the AP reports. Energy companies rose Thursday along with the price of crude oil, and banks also headed higher. Devon Energy climbed 3.3%, while KeyCorp increased 1.9%. High-dividend stocks like phone companies and utilities... More »

Gains by Energy Stocks Evened Out by Losses Elsewhere

Stocks end day little changed on Wall Street

(Newser) - Stocks closed little changed on Wall Street as gains in energy companies were canceled out by losses in banks and other parts of the market, the AP reports. Oil and gas companies benefited from broad increases in energy prices. Chesapeake Energy jumped 6.8% and Range Resources rose 4.2%.... More »

It's a Good Day to Be a Snap Co-Founder

Snap shares jumps 48% in IPO debut

(Newser) - Shares of Snap Inc. opened for trading on the New York Stock Exchange on Thursday at $24 per share, up from the IPO price of $17 per share—and kept climbing, per MarketWatch . As of this writing, prices have risen 48% to over $25 per share. Snap co-founders Evan Spiegel,... More »

Tiny Gains by Stocks Good Enough for Nasdaq Record

Technology companies are up, and energy companies are down

(Newser) - US stock indexes notched tiny gains Tuesday as the market struggled higher after a day of up-and-down trading, the AP reports. But the modest increase was enough to mark another all-time high for the Nasdaq composite index. Consumer goods makers and technology companies rose, while energy companies fell along with... More »

S&P 500, Nasdaq Set New Closing Highs

But the Dow Jones couldn't quite reach 20,000

(Newser) - An afternoon buying drive on Wall Street sent the Standard & Poor's 500 index and the Nasdaq composite to all-time highs, the AP reports. The Dow Jones industrial average also rose Tuesday but not as much, leaving it short of a record and below the 20,000 mark it... More »

US Stocks Notch Tiny Pre-Holiday Gains

Led by health care industry

(Newser) - Major US stock indexes managed to post tiny gains in a quiet day of pre-holiday trading, the AP reports. Health care stocks rose more than the rest of the market Friday, while retailers and energy companies fell. Cintas, which supplies companies with uniforms, fell 3% after reporting results that fell... More »

Dow Jones Fails to Reach 20K Thursday

Thanks to retailers losing ground

(Newser) - Stocks are ending slightly lower on Wall Street as a number of retailers lose ground, the AP reports. Bed Bath & Beyond slumped 9% Thursday after reporting weak results, while Chinese e-commerce company Alibaba is down after US regulators again sanctioned the company for sales of counterfeit goods. Software company... More »

Stocks Finish Slightly Down Wednesday

Healthcare companies continue to struggle

(Newser) - Stocks finished slightly lower Wednesday as health care companies continued to struggle, the AP reports. Energy companies bucked the downward trend and rose as the price of natural gas surged on the first day of winter. More »

Stocks Set New Records Tuesday

And the Dow neared 20,000

(Newser) - Stocks set new records Tuesday as big gains by banks and travel companies propelled the Dow Jones industrial average ever closer to the symbolic 20,000 level, which remained just out of reach, the AP reports. Bond yields rose taking interest rates higher. That helped financial firms. Goldman Sachs rose... More »

Stocks Dip After Fed Rate Hike

While dollar and bond yields rise

(Newser) - Stocks fell Wednesday after the Federal Reserve raised interest rates on the back of a strengthening job market and surprised investors by increasing its forecast for rate hikes next year, the AP reports. The dollar and bond yields rose sharply. Utilities, real-estate investment trusts, and other high-dividend stocks at risk... More »

Stocks Dip, Await Word From the Fed

Banks are hoping for an interest rate hike

(Newser) - US stocks finished an up-and-down day slightly lower as traders look ahead to this week's meeting of the Federal Reserve , reports the AP . Phone companies and health care stocks posted losses Monday, but banks ended modestly higher as traders hoped that higher interest rates would help them make more... More »

Hiring Slowdown Sends Stocks Higher

Investors hoping Federal Reserve keeps interest rates low

(Newser) - Stocks are closing higher as investors hope that a slowdown in hiring last month will prompt the Federal Reserve to keep interest rates low for longer, the AP reports. Utilities rose more than the rest of the market Friday. High-dividend stocks like utilities would benefit from low interest rates as... More »

US Stocks Eke Out Tiny Gains

The indexes saw gains of 0.1% or less

(Newser) - US stock indexes eked out tiny gains after spending much of Wednesday in the red, the AP reports. Investors sized up new data on the US manufacturing, housing, and automobile industries. Consumer staples companies led the gainers, while telecommunications stocks lagged the rest of the market. Automakers GM and Ford... More »

Despite Last-Day Drop, US Stocks Had a Nice May

Energy companies fell with the price of oil on Tuesday

(Newser) - US stock indexes struggled to a mixed close Tuesday as energy companies fell with the price of oil, overcoming gains in utilities and phone companies. Investors sold household goods makers after a report showed consumers are growing more worried about business and job market conditions. Stocks were lower for most... More »

Strong Job Gains Send US Stock Market Higher

Friday saw 2.1% increases for Nasdaq, Dow, and S&P500

(Newser) - The stock market had its biggest gain since September after the US government reported another solid month of job gains. The encouraging news on the economy Friday paved the way for the Federal Reserve to begin nudging interest rates back toward normal levels at its policy meeting later this month.... More »

Scarier Than CyberTerrorists? Sucky Software

Band-Aids on creaky infrastructures can hold them together for only so long

(Newser) - "Don't be scared. Don't even be worried." That was Felix Salmon's advice on Fusion after computer glitches darkened the New York Stock Exchange , took the Wall Street Journal offline, and grounded United flights . But today on Medium , Zeynep Tufekci writes that while she gets Salmon'... More »

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