Standard & Poor's

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Tax Plan Trouble Sends Stocks Lower

And Marco Rubio is to blame

(Newser) - Stocks gave up an early gain and finished lower Thursday as the Republican tax plan hit another snag, the AP reports. Indexes turned lower after Sen. Marco Rubio said he would vote against the bill unless the child tax credit was expanded. Small-company stocks, which stand to benefit the most... More »

US Indexes Close Mostly Higher

But bank stocks pull Standard & Poor's lower

(Newser) - Stocks closed mostly higher Wednesday on Wall Street, but a pullback in bank stocks left the Standard & Poor's 500 index slightly lower, the AP reports. The Dow Jones industrials closed higher Wednesday, driven by a jump in Caterpillar, giving the index another all-time high. Caterpillar climbed 3.6%.... More »

Jobs, Brexit Progress Send Stocks Higher

Health care stocks especially did well Friday

(Newser) - Stocks ended higher Friday as investors welcomed a strong US jobs report and progress in Britain's talks about leaving the European Union, the AP reports. Health care stocks rose more than the rest of the market. Alexion Pharmaceuticals jumped 7.2% after the New York Times reported that an... More »

S&P 500 Breaks 4-Day Losing Streak

Stocks close higher Thursday

(Newser) - Stocks closed higher Thursday on Wall Street, breaking a four-day losing streak for the Standard & Poor's 500 index, the AP reports. Technology and industrial stocks rose more than the rest of the market. Facebook rose 2.3%, while Boeing climbed 1.3%. Energy stocks also rose as the... More »

Energy Slump Pulls Stock Market Lower

Home improvement retailers also had a bad day

(Newser) - Stocks closed mostly lower after an up-and-down day of trading as energy companies and retailers dragged the market down, the AP reports. A steep drop in the price of oil Wednesday pulled the energy sector lower. Devon Energy slumped 3.9%. Benchmark US crude fell 2.9%. Home improvement retailers... More »

Stocks Tumble, Rebound After Flynn Guilty Plea

Technology and industrial down; energy up

(Newser) - Stocks are closing modestly lower, having recouped much of a steep loss from earlier in the day after a former adviser to the White House pleaded guilty to lying to the FBI , the AP reports. News that former national security adviser Michael Flynn would cooperate with the probe into Russian... More »

Dow Has 1st Close Above 24K Points

Stocks showed broad gains in trading Thursday

(Newser) - Stocks powered to new highs on Wall Street on Thursday, giving the Dow Jones industrials their biggest gain since March and putting them past 24,000 points for the first time, the AP reports. Other market indicators also reached milestones on Thursday. The Standard & Poor's 500 index, which... More »

Steep Tech Drop Pulls Stocks Lower

Micron slumped 8.7%

(Newser) - A steep drop in technology companies pulled major US stock indexes mostly lower Wednesday, offsetting gains in other sectors, the AP reports. Several big names in the tech sector fell—Micron slumped 8.7%—but tech remains the biggest winner on the market this year, up 35%. Bond yields rose... More »

Stocks End Mostly Lower in Quiet Pre-Thanksgiving Trading

Tech and banks down, energy companies up

(Newser) - Stock indexes ended mostly lower Wednesday on Wall Street in a quiet day of trading ahead of the Thanksgiving holiday, the AP reports. Technology companies and banks finished broadly lower, though Apple managed to gain 1%. Energy companies rose as oil prices jumped on reports OPEC might extend production cuts.... More »

As Tech Companies Go, so Go US Stocks

Losses for both Wednesday

(Newser) - Technology companies led a broad slide for US stocks Wednesday, extending the markets losses from a day earlier, the AP reports. Big tech names, which have far outpaced the rest of the market this year, took modest losses. Chipmaker Nvidia lost 2%. Companies that make consumer products also were big... More »

Slumping Energy Sector Pulls Stocks Lower

Crude oil prices experienced sharp drop

(Newser) - Slumping energy stocks pulled the broader market slightly lower Tuesday, erasing small gains from the day before, the AP reports. A sharp drop in crude oil prices Tuesday weighed down the energy sector. Range Resources dropped 6.6% and Newfield Exploration gave up 7.1%. Disappointing results or outlooks from... More »

Stocks Closed Mixed on Wall Street

And House Republicans' tax proposals didn't help

(Newser) - Stocks closed mixed Thursday as investors pored over House Republicans' tax proposals and a disappointing round of company results, the AP reports. Rubbermaid owner Newell Brands plunged 27% and generic drugmaker Teva Pharmaceutical Industries dropped 20%. Both cut their annual forecasts following weak third quarter reports. Homebuilders fell after Republicans... More »

Drug Makers Down, Banks Up on Wall Street

Technology also fared well Thursday

(Newser) - Stocks closed higher Thursday on Wall Street led by technology companies and banks, but drug makers and distributors tumbled, the AP reports. Aetna surged nearly 12% after the Wall Street Journal reported it's in talks to be acquired by drugstore chain CVS. McKesson fell 5.2% after a report... More »

Sharp Losses on Wall Street for Tech and Industrial Firms

Banks didn't fare too well either on Wednesday

(Newser) - Stocks closed sharply lower Wednesday on Wall Street as technology and industrial firms as well as banks took sharp losses amid weak quarterly earnings, the AP reports. Chipmaker Advanced Micro Devices sank 13.4% Wednesday and network equipment maker Juniper Networks fell 6.1% as their fourth-quarter forecasts disappointed investors.... More »

Despite Only Modest Gains, More Record Highs on Wall St.

Technology and health care stocks rose Wednesday

(Newser) - Stocks managed to post modest gains Wednesday on Wall Street, enough to set more record closing highs, the AP reports. Technology and health care stocks rose more than the rest of the market, while banks and phone companies fell. Johnson & Johnson rose 2.1% after the company asked regulators... More »

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 »

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