stocks

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MoviePass Woes Build, Some Predict 'the End Is Near'

Movie subscription service looks like it's in big trouble after stocks fall 60%

(Newser) - Shares for the parent company of MoviePass plunged Monday, dropping 60% to close at $0.80 and prompting Forbes to make a dire prediction: "The end is near" for the subscription service, which was charging users $9.95 per month for the ability to see a movie a day... More »

A Harsh Letter, a $16.8B Loss, and a Plan to Fire Zuckerberg

Facebook CEO didn't have a great week

(Newser) - Facebook shares plummeted 20% after market close Wednesday, and one person in particular felt it more than others. Bloomberg reports Mark Zuckerberg lost about $16.8 billion as a result of the dip, which would not only negate the nearly $14 billion he'd already gained this year—it would... More »

Stocks Up on Good News for Banks, Bad News for Borrowers

Rates are going higher as data shows confidence growing since Great Recession

(Newser) - US stocks mostly rose Thursday, as markets get accustomed to the idea of investing with less of a safety net from central banks around the world, reports the AP . The European Central Bank laid out its plan to pull back from the stimulus it's pumped into markets, but it... More »

Equities in 'Tailspin' as Stocks Hit the 'Trump Slump'

Not since the Great Depression have US stocks seen such a bad April slide, Bloomberg reports

(Newser) - US stocks haven't seen a second-quarter start like this in 90 years—90 years ago being the kickoff to the Great Depression. Bloomberg looked at the numbers and reports on the April slide: 2.2% for the S&P 500, a drop that hasn't been surpassed since 1929'... More »

Stocks Swoon Again; Dow Sinks 400

Traders worried about trade war between US, China

(Newser) - Stocks sank again Friday, giving Wall Street its worst week in two years, as fear gripped investors that China and the US were headed for a trade war, the AP reports. The Dow Jones industrial average plunged more than 400 points, bringing its weekly decline to 1,400. Technology companies... 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 »

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 »

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 »

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 »

Stocks Rise for 6th Straight Day

More than half the losses from earlier this month have been wiped out

(Newser) - Stocks ended an up-and-down day mostly higher Friday, capping a week of strong gains that wiped out more than half of the losses suffered in a series of wild swings in early February, the AP reports. The Standard & Poor's 500 index rose for the sixth day in a... More »

Tech Leads Stocks to 5th Straight Gain

No thanks to energy companies

(Newser) - A surge in marquee technology companies pushed stocks higher again Thursday on Wall Street, giving the market its fifth gain in a row, the AP reports. The Dow Jones industrial average rose more than 300 points. Big increases from Apple, Microsoft, and Cisco drove the tech sector higher, helping to... More »

Market Shakes Inflation Worries, Ends Up

Banks had a good day

(Newser) - Stocks rose for the fourth day in a row Wednesday on Wall Street after shaking off an early stumble following another sign that inflation was picking up slightly, the AP reports. The market started slightly lower but turned higher within the first hour of trading and kept going. The Dow... More »

Stocks Swing Back to Gains, Dow up 330

But Dow and S&P 500 both end week down over 5% overall

(Newser) - Stocks staged a late rally Friday, ending a wild week marked by dramatic point swings on a positive note, the AP reports. The Dow Jones industrial average gained 330 points, or 1.4%, to 24,190. Earlier in the day it had dropped by 500. The S&P 500 gained... More »

Dow Sees 2nd-Worst Point Decline in Its History

But some experts say not to worry

(Newser) - The Dow Jones industrial average plunged more than 1,000 points on Thursday as a weeklong market swoon continued, the AP reports. Worries about inflation set the market rout in motion last Friday, and many market watchers have been predicting a pullback after the market's relentless march higher... More »

Stocks End Lower After Wobbly Day

Tech companies hit by some of the biggest losses

(Newser) - Stocks are ending a wobbly Wednesday lower, but with far less volatility than the market has seen over the previous three days, the AP reports. Technology companies posted some of the biggest losses. Apple gave up 2.1% and Facebook lost 2.8%. Energy companies also fell. Exxon Mobil gave... More »

Stocks Swoon, Sending Dow Down Over 600 Points

It ends worst week for stocks in 2 years

(Newser) - The stock market closed sharply lower Friday, extending a week-long slide, as the Dow Jones industrial average plunged more than 600 points, the AP reports. Stocks ended their worst week in two years, and the Dow's drop was its biggest in percentage terms since June 2016. Several giant US... More »

Stocks Lose Midday Gain, Take Slight Dip

Consumer-driven firms lead the way down

(Newser) - Stocks are closing mostly lower on Wall Street after a midday gain evaporated in the late afternoon, the AP reports. Consumer-focused companies like retailers led the way lower Thursday. Amazon, which has been on a tear recently, dropped 4.2%. United Parcel Service slumped 6.1% after saying higher costs... More »

After Stumble, Stocks End Bit Higher

Health care stocks down, tech companies up

(Newser) - Stock indexes ended slightly higher Wednesday on Wall Street after overcoming a brief stumble in the afternoon, the AP reports. The dip came after the Federal Reserve released its latest statement on interest rate policy and the economy. The Fed, as expected, held off on raising interest rates. Losses in... More »

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