Wall Street

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Dow Skids by 26

Xerox takes 13% hit after grim report

(Newser) - US stocks are closing lower Monday as investors found little to like in the latest batch of company earnings. Xerox slumped 13% after reporting a plunge in earnings and cutting its profit forecast, and Perrigo, an Irish drug maker, dropped 18% after cutting its own earnings outlook, citing lower prices... More »

Dow Spikes 106, Energy Sector Gains Ground

Hasbro jumps 6%

(Newser) - Major US stocks indexes are closing higher, led by a recovery in the energy sector. The market had started lower on Monday as the price of oil sank, but turned higher in morning trading and stayed higher for the rest of the day. In addition to energy stocks, health care... More »

Dow Falls by 20 After Early Gains

Investors have low hopes for earnings reports

(Newser) - US stocks gave up an early gain and closed slightly lower as investors hold dim expectations for company earnings. The Dow Jones industrial average had been up more than 150 points but faded in the afternoon Monday. The average slipped 20 points, or 0.1%, to 17,556. The Standard... More »

Dow Drops 55, Stock Soars for Virgin America

Stocks sink overall on slow day for Wall Street

(Newser) - Stock indexes are ending mostly lower in a relatively quiet day of trading on Wall Street. Homebuilder PulteGroup sank 7% Monday on news that the company's CEO will retire next year as part of a management shakeup. Virgin America jumped 40% after agreeing to be acquired by Alaska Air.... More »

Trump Predicts Dire Future for US Economy

GOP candidate sees 'very massive recession' ahead

(Newser) - In a wide-ranging interview this week, Donald Trump said the US economy is headed for disaster—unless, it seems, he takes the reins. He also compared himself to the Lone Ranger and predicted the American people will "be falling asleep" if he becomes president. Among the highlights of his... More »

Dow Ekes Up 19 Points

It's the slowest day of US trading this year

(Newser) - Stocks closed mostly higher in quiet trading, led by gains in consumer companies. Media stocks rose Monday, as did hotel companies, but energy companies lost ground along with the price of oil. Starwood and Marriott climbed as Chinese insurance company Anbang Insurance Group made another effort to buy Starwood. Avon... More »

Stocks Pick Up After Shaky Morning

Health care and telecommunications stocks rise

(Newser) - Stocks shook off an early loss on Monday to notch their fourth consecutive gain in a row. Investors had their eye on the latest string of deal news, as well as a new report showing US home sales slumped last month, the AP reports. Telecommunications and health care stocks were... More »

Dow Rises 15 Ahead of Big Fed Meeting

But most US stocks hold steady

(Newser) - US stocks barely budged Monday, finishing mixed as lower oil prices pulled energy companies lower while hotels and travel-related companies rose. Trading was quiet ahead of the Federal Reserve's meeting later this week, which is expected to shed some light on the possibility of a future increase in benchmark... More »

Bonuses for Wall Street Bankers Drop Most in 4 Years

But workers are still getting $146K

(Newser) - For Wall Street bankers, 2015 didn't turn out as well as it usually does in terms of bonuses. Per Bloomberg , the average bonus fell 9% last year to $146,200, which is the largest decrease since 2011, according to estimates by NYS Comptroller Thomas DiNapoli. As the Washington Post ... More »

Dow Falls 123, Erasing Gains

Nine of 10 market sectors take a tumble

(Newser) - Late-day selling pushed US stocks to a loss for the day and erased nearly all of the market's gains for the month. Nine of the 10 market sectors fell Monday—only utilities managed a slight gain—as investors lost enthusiasm for stocks after two straight weekly gains. Health care... More »

Stocks Fall Sharply Amid Bank, Tech Selloff

Facebook sinks 4% and Amazon 3%

(Newser) - A steep sell-off in stocks got a little less bad by the end of the day, but it still left indexes down sharply for the second day in a row. Banks and technology shares fell sharply Monday. Facebook sank 4% and Amazon, which more than doubled last year, lost 3%.... More »

Stocks Slip, Oil Skids 6%

Chevron, Exxon each sink 3%

(Newser) - US stocks are closing lower as the beleaguered energy sector took another blow from falling oil prices, the AP reports. Chevron and Exxon Mobil each fell 3% Monday, among the biggest losses in the Dow Jones industrial average. The price of crude oil dropped nearly 6% to $30 a barrel... More »

Crude Plunges, But Dow's Up 52

Oil ends at just over $31 a barrel

(Newser) - US stocks struggled to end mostly higher, but oil and gas companies were hit by another plunge in the price of crude. Chevron lost 2% and Exxon Mobil fell 1% Monday. Benchmark US oil sank another 5% and ended just above $31 a barrel, its lowest close since December 2003.... More »

Dow Claws Back, But It's Still Bad

Dow Jones ends with worst loss in 2 weeks

(Newser) - It was a gloomy start to the new year on Wall Street as stocks sank as part of a global sell-off . Investors worried about new signs of a slowdown in China and a flare-up in tensions between Saudi Arabia and Iran. That sent the price of oil on another wild... More »

Dow Falls 23 Amid Energy, Mining Decline

Chevron falls 1.8%

(Newser) - Stocks are closing lower, led by declines in energy and mining companies as prices for oil and other commodities fall. Chevron fell 1.8% Monday, the most in the Dow Jones industrial average. Mining company Freeport-McMoRan sank 10% after announcing that its co-founder was leaving. The Dow average lost 23... More »

Dow Spikes 122, Oil Drops Again

Tenet Healthcare is today's big winner, rising by 11%

(Newser) - US stocks posted moderate gains, recovering a small portion of the big losses recorded late last week. Energy stocks continued to fall as the price of oil fell. Hospital operator Tenet Healthcare rose 11% after it renewed a contract with health insurer Aetna. Crude fell another 1%, nearing levels not... More »

Crude Oil, Stock Market Take a Plunge

Dow loses 309 points, Nasdaq drops 111

(Newser) - Another sharp drop in the price of oil prompted investors to dump stocks again, leaving the US market with its worst weekly loss since the summer. Oil and gas companies led stocks lower Friday, capping an ugly week. Southwestern Energy plunged 14% and Chesapeake Energy sank 9%. Investors sought refuge... More »

Crude Oil Plunges, Dow Falls 117

Plunging crude closes at less than $38 a barrel

(Newser) - Energy companies are closing sharply lower, leading a broad decline on the stock market, after the price of oil dropped to its lowest point in nearly seven years. US crude plunged almost 6% to close below $38 a barrel Monday. That's the lowest level since February 2009, at the... More »

Dow Dips 78 on Holiday Gloom

Stocks decline amid weak spending

(Newser) - Early signs of softness in holiday spending sent retail stocks lower on the first day of trading after the Thanksgiving holiday. Macy's and Kohl's each fell 2% Monday, while Target fell 1%, more than the rest of the market. Health care stocks also took a tumble. Drugmakers Celgene... More »

Dow Dips 31 as Rally Ends

GameStop sinks 4%

(Newser) - An early gain for US stocks faded away in the afternoon, leaving indexes slightly lower. The slight losses Monday came after the market closed out its best week of the year. Video game retailer GameStop sank 4% after reporting earnings and revenue that fell short of analysts' forecasts. Pfizer and... More »

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