Dow Jones

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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 »

One Stock Has Helped Dow's Rise More Than Any Other

It's Boeing, not Apple

(Newser) - The Dow eclipsed 22,000 for the first time in its 121-year history on Wednesday, helped to the mark soon after the opening bell by a strong earnings report from Apple. The index fell below the mark at points during the day but closed in milestone territory at 22,016,... More »

Dow's Latest Feat: Topping 22K, Thanks to Apple

After hitting 21K on March 1

(Newser) - The Dow Jones Industrial Average traded above 22,000 for the first time at the open on Wednesday, and MarketWatch gives some context: Should it close above that mark, it would be the third 1,000-point milestone in a year, the most the Dow has achieved in that span. (Though... 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 »

Dow Closes at All-Time High

Stocks close broadly higher on Wall Street

(Newser) - Stocks are closing broadly higher on Wall Street, led by solid gains in big technology companies, the AP reports. Facebook climbed 2.3% Wednesday, and Microsoft rose 1.7%. Airlines rose after United Continental and American Airlines reported solid results for June. United jumped 4.7% and American gained 4.... 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 »

Dow Ends Day Up 85

S&P 500, Nasdaq also close higher

(Newser) - Stocks are closing broadly higher on Wall Street, bringing more record high closes for major indexes, the AP reports. Materials companies, banks and oil and gas companies posted solid gains Monday. Halliburton rose 3.7%. Cybersecurity companies were also higher as companies began recovering from a global cyberattack that began... More »

Dow Ends Day Down 23

S&P 500 also closes lower, Nasdaq edges up

(Newser) - Stocks are ending mostly lower as declines in banks and industrial stocks outweigh gains in other sectors, the AP reports. General Electric dropped 2.1% Friday, while Wells Fargo lost 1.3%. Nordstrom became the latest department store operator to turn in disappointing results. The company's stock plunged 10.... More »

Markets End Day Slightly Higher

Dow edges up 5 points

(Newser) - Stock indexes are finishing little changed on Wall Street as losses in materials and health care companies hold back gains in energy and other parts of the market, the AP reports. Fertilizer maker CF Industries gave up 2.3% Monday, and drugmaker Celgene lost 3.3%. Apple jumped 2.7%.... 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 »

Markets End the Day Slightly Higher

Dow closes up 36

(Newser) - US stock indexes are closing slightly higher as gains in industrial companies are offset by losses in automakers and energy companies, the AP reports. Engine maker Cummins rose 6.1% Tuesday. Automakers were broadly lower after posting weak April sales. Fiat Chrysler lost 4.3% and Ford gave up 4.... More »

Dow Ends Day Down 26

But S&P 500, Nasdaq rise

(Newser) - Stocks closed mostly higher on Wall Street with big technology companies like Apple and banks leading the way, the AP reports. Banks rose along with bond yields Monday after Congress agreed to a deal that will keep the government operating for the rest of the fiscal year. Bank of America... 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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