stock market

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Stock Indexes Close Broadly Higher

But Oracle, Facebook sink

(Newser) - US stock indexes closed broadly higher, led by gains in retailers, energy and industrial companies, the AP reports. Amazon jumped 2.7% Tuesday, leading the way higher for retailers. Energy companies rose along with the price of oil, and banks were also higher as bond yields rose. Oracle plunged 9.... More »

Facebook Plunges, Other Tech Stocks Decline

Broad decline on Wall Street Monday

(Newser) - Technology stocks led a broad decline on Wall Street, led by a plunge in Facebook following reports that a company employed by the Trump campaign improperly obtained data on tens of millions of users, the AP reports. Facebook sank 7% in heavy trading Monday, its biggest daily drop in four... More »

Stocks End Sluggish Week With Small Gains

Energy, industrial companies rose Friday

(Newser) - The stock market eked out a small gain Friday but still ended the week lower after several days of losses, the AP reports. Energy companies rose along with the price of crude oil. ConocoPhillips gained 1.7%. Banks and industrial companies also ended higher. PNC Financial rose 1.4% and... More »

Stocks See Mixed Results

Dow ends the day higher, but S&P 500, Nasdaq edge down

(Newser) - Stocks are ending mostly lower on Wall Street as losses in consumer products companies and basic materials makers outweigh gains elsewhere including technology, the AP reports. Kraft Heinz lost 1.7% Thursday, and DowDuPont gave up 1.6%. Broadcom rose 2.8%. Mattel fell 2.4% following word that Toys... More »

Dow Ends Day Down 248

Banks, industrial companies post sizable losses

(Newser) - Stocks fell on Wall Street as banks and industrial companies posted sizable losses, the AP reports. Citigroup lost 1.9% Wednesday and aerospace giant Boeing gave up 2.5%. Banks fell along with bond yields and industrial companies weakened as European leaders warned of the risk of escalating trade tensions.... More »

Dow Ends Day Down 171

And Nasdaq's 7-day surge is broken

(Newser) - A pullback in technology stocks knocked out an early rally, breaking a seven-day surge for the Nasdaq composite, the AP reports. Chipmakers were in focus Tuesday after the White House blocked a hostile takeover of Qualcomm by rival Broadcom, citing national security concerns. Qualcomm slumped 5% in heavy trading. Cavium,... More »

Dow Ends Day Down 157

But Nasdaq hits record high

(Newser) - Stocks ended up split on Wall Street as gains for technology companies were offset by losses elsewhere, the AP reports. Chipmakers rose sharply Monday. Micron jumped 8.8% and Nvidia climbed 1.8%. Several big industrial stocks continued to fall. Boeing gave up 2.9% and heavy equipment maker Caterpillar... More »

Strong Hiring Sends Stocks, Yields Up

Nasdaq hits another record high

(Newser) - Stocks and bond yields rose sharply Friday on Wall Street after the government reported a big increase in hiring last month, the AP reports. Investors were relieved to see that wage growth slowed. A jump in wages a month ago raised worries about inflation. Technology companies wiped out the last... More »

After Choppy Day, Stocks End Higher

Dow ends day up 93

(Newser) - Stocks are ending a choppy day higher after the White House announced tariffs on steel and aluminum that carved out exceptions for key US allies including Canada and Mexico, the AP reports. Technology and health care stocks posted some of the biggest gains Thursday. Pharmacy benefits manager Express Scripts jumped... More »

Stocks Struggle to Mixed Finish

Dow ends day down 82

(Newser) - Stocks struggled to a mixed finish as some of investors' worst fears about escalating trade tensions ebbed, the AP reports. The market spent much of the day lower Wednesday following the departure of Gary Cohn, the top economic adviser to President Donald Trump. Cohn had opposed the administration's planned... More »

Stocks End Higher After Choppy Day

Dow edges up 9 points

(Newser) - Stocks struggled to a higher finish on Wall Street after a day of choppy trading, the AP reports. Technology and consumer-focused companies did well Tuesday, but health care companies were weak. Chipmakers Intel and Nvidia both rose sharply, but Johnson & Johnson fell. Traders are still focused on a back-and-forth... More »

Dow Ends Day Up 336

Stocks surge as fears of trade war ease

(Newser) - Waning fears that a trade war would break out helped power stocks sharply higher on Wall Street, the AP reports. The market shook off an early wobble and surged in afternoon trading Monday. Investors are hoping the White House won't follow through on threats to impose steep tariffs on... More »

Late Rally Erases Early Stock Slide

Investors remain focused on Trump's threat of tariffs

(Newser) - A late burst of buying Friday erased a sharp drop stocks suffered early in the day, the AP reports. Bond yields and the price of gold rose, both signs that investors expect inflation might tick up. Investors remain focused on President Trump's threat to impose tariffs on steel and... More »

Plans for Steel, Aluminum Tariffs Sink US Stocks

Trump announced tariffs Thursday

(Newser) - Stocks fell sharply Thursday as investors worried that President Trump's planned tariffs on steel and aluminum will lead to retaliation from other countries, the AP reports. Trump told industry executives he would impose the tariffs next week. The head of the European Commission said the region would respond in... More »

Dow Ends Day Down 382

S&P 500 closes out a dismal February

(Newser) - Stocks slumped on Wall Street, breaking the longest streak of positive monthly returns in the history of the Standard & Poor's 500 index, the AP reports. Indexes started higher on Wednesday but then waffled for much of the day before turning sharply lower in the last hour of trading.... More »

Stocks Fall on Fed Comments

Dow ends day down 299

(Newser) - Treasury yields rose and stocks fell after the head of the Federal Reserve said that he's feeling more optimistic about the economy, the AP reports. Fed Chairman Jerome Powell told Congress Tuesday that he had become more bullish about the economy since December. That could indicate he's open... More »

Dow Ends Day Up 399

S&P 500, Nasdaq also close higher

(Newser) - Stocks powered to another gain as the market makes up more of the ground it lost in a sharp tumble earlier this month, the AP reports. As of Monday the Standard & Poor's 500 index has regained two-thirds of its 10% loss in early February. It closed at an... More »

Stocks End Choppy Week Slightly Higher

Tech, banks led gains Friday

(Newser) - Stocks are ending the week slightly higher after a two-day rally wiped out losses from earlier in the week, the AP reports. The gains Friday were led by technology and banks. Hewlett Packard Enterprise soared 10.5% and former corporate sibling HP rose 3.5% after both reported solid results.... More »

Stocks End Mostly Higher on Wall Street

Industrial stocks led the way

(Newser) - Stocks closed mostly higher Thursday on Wall Street after much of a midday rally faded away by the closing bell, the AP reports. Industrial stocks contributed the most to the market's gains. United Technologies rose 3.3% a day after its CEO said the company may split up. Energy... More »

Dow Ends Day Down 166

Spike in bond yields upends stock rally

(Newser) - Stocks gave up an early gain and ended lower on Wall Street as a late afternoon spike in bond yields sent investors heading to the exits, the AP reports. Bond yields rose Wednesday after the Federal Reserve released minutes from its latest policy meeting which showed bullish sentiment among policymakers.... More »

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