Standard & Poor's

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Banks Lead Stock Slump Thursday

US stocks pull back from record highs

(Newser) - Banks and other financial companies led stocks lower on Wall Street a day after indexes soared to their latest record highs, the AP reports. Citizens Financial slumped 3.9% Thursday. Banks had soared a day earlier as investors hoped that higher interest rates would help them earn more from lending.... More »

Dow Breaks 21,000 for 1st Time Ever

Banks and financial companies lead US stocks Wednesday

(Newser) - Banks and other financial companies led US stocks sharply higher, pushing the Dow Jones industrial average above 21,000 points for the first time, the AP reports. Wednesday's gain was the biggest for the blue-chip index so far this year. Energy companies also rose. Bank of America rose 3.... More »

Tiny Gains by Stocks Good Enough for Nasdaq Record

Technology companies are up, and energy companies are down

(Newser) - US stock indexes notched tiny gains Tuesday as the market struggled higher after a day of up-and-down trading, the AP reports. But the modest increase was enough to mark another all-time high for the Nasdaq composite index. Consumer goods makers and technology companies rose, while energy companies fell along with... More »

S&P 500, Nasdaq Set New Closing Highs

But the Dow Jones couldn't quite reach 20,000

(Newser) - An afternoon buying drive on Wall Street sent the Standard & Poor's 500 index and the Nasdaq composite to all-time highs, the AP reports. The Dow Jones industrial average also rose Tuesday but not as much, leaving it short of a record and below the 20,000 mark it... More »

US Stocks Notch Tiny Pre-Holiday Gains

Led by health care industry

(Newser) - Major US stock indexes managed to post tiny gains in a quiet day of pre-holiday trading, the AP reports. Health care stocks rose more than the rest of the market Friday, while retailers and energy companies fell. Cintas, which supplies companies with uniforms, fell 3% after reporting results that fell... More »

Dow Jones Fails to Reach 20K Thursday

Thanks to retailers losing ground

(Newser) - Stocks are ending slightly lower on Wall Street as a number of retailers lose ground, the AP reports. Bed Bath & Beyond slumped 9% Thursday after reporting weak results, while Chinese e-commerce company Alibaba is down after US regulators again sanctioned the company for sales of counterfeit goods. Software company... More »

Stocks Finish Slightly Down Wednesday

Healthcare companies continue to struggle

(Newser) - Stocks finished slightly lower Wednesday as health care companies continued to struggle, the AP reports. Energy companies bucked the downward trend and rose as the price of natural gas surged on the first day of winter. More »

Stocks Set New Records Tuesday

And the Dow neared 20,000

(Newser) - Stocks set new records Tuesday as big gains by banks and travel companies propelled the Dow Jones industrial average ever closer to the symbolic 20,000 level, which remained just out of reach, the AP reports. Bond yields rose taking interest rates higher. That helped financial firms. Goldman Sachs rose... More »

Stocks Continue Fall as Presidential Polls Tighten

The losing streak is at 7 days

(Newser) - The stock market closed moderately lower, extending a losing streak ahead of a contentious US presidential election, the AP reports. Polls showing a tighter race have caused some nervousness on Wall Street, and that funk continued on Wednesday. The Standard & Poor's 500 index, the mostly widely used benchmark... More »

Energy Companies Take Stocks Higher Tuesday

And the Nasdaq closes at a record

(Newser) - Energy companies led US stocks higher Tuesday as investors hoped higher oil prices and bigger profits are on the way, the AP reports. And a number of companies announced deals following the Labor Day holiday. The Dow Jones industrial average picked up 46.16 points, or 0.2%, to 18,... More »

Hiring Slowdown Sends Stocks Higher

Investors hoping Federal Reserve keeps interest rates low

(Newser) - Stocks are closing higher as investors hope that a slowdown in hiring last month will prompt the Federal Reserve to keep interest rates low for longer, the AP reports. Utilities rose more than the rest of the market Friday. High-dividend stocks like utilities would benefit from low interest rates as... More »

Apple Jumps as US Stocks Rise in Late Trading

The market overcame early losses Wednesday

(Newser) - Stocks turned higher in late-afternoon Wednesday, recovering from an early loss, the AP reports. Technology stocks, including Apple and Facebook, posted solid gains, overcoming weakness in consumer staples makers, including Coca-Cola. Energy companies fell along with the price of crude oil. More »

US Stocks Extend Rally to a 3rd Day

Traders are feeling less anxious about Brexit

(Newser) - US stocks closed higher, extending a rally into a third day as traders feel less anxious about Britain's vote last week to leave the EU, the AP reports. Consumer goods makers and utilities were the biggest risers Thursday. And bank stocks rose after getting clearance from the Federal Reserve... More »

US Stocks Eke Out Tiny Gains

The indexes saw gains of 0.1% or less

(Newser) - US stock indexes eked out tiny gains after spending much of Wednesday in the red, the AP reports. Investors sized up new data on the US manufacturing, housing, and automobile industries. Consumer staples companies led the gainers, while telecommunications stocks lagged the rest of the market. Automakers GM and Ford... More »

Despite Last-Day Drop, US Stocks Had a Nice May

Energy companies fell with the price of oil on Tuesday

(Newser) - US stock indexes struggled to a mixed close Tuesday as energy companies fell with the price of oil, overcoming gains in utilities and phone companies. Investors sold household goods makers after a report showed consumers are growing more worried about business and job market conditions. Stocks were lower for most... More »

Energy Stocks Lead Broad Rally as Oil Price Soars

It was the first weekly gain for stocks in a month

(Newser) - Stocks are closing out their first weekly gain in four weeks, led by a surge in energy and technology stocks. Oil stocks soared Friday after the price of crude jumped 9%, clawing back more of the ground it has lost since the beginning of the year. Apple led a broad... More »

S&P 500 and Dow Jones End 2015 in the Red

It was the worst finish in years

(Newser) - Stocks are closing out 2015 on a downbeat note. Major US indexes declined on Thursday, the last day of the year, putting a main market benchmark slightly in the red for 2015. The Standard & Poor's 500 index ended the year down about three-quarters of a percent. With dividends... More »

Stocks Rebound as US Confidence Improves

The rising price of oil also helped

(Newser) - US stocks closed broadly higher on Tuesday as traders were encouraged by a pickup in consumer confidence and rising prices for energy. Chesapeake Energy jumped 13% Tuesday and Consol Energy rose 5%. Among retailers, Kohl's climbed 3%. The gains put the Standard & Poor's 500 index back into... More »

Stock Market Sees 3rd Straight Day of Declines

Tech stocks led the dip

(Newser) - A slump in several big technology companies is leaving the stock market broadly lower at the closing bell on Wednesday. Indexes were higher for most of the morning but took a turn lower shortly after midday and stayed negative for the rest of the day. Big tech names fell the... More »

Oil Price Continues to Fall, Takes Stock Market With It

Dow, Nasdaq, and S&P500 all down on Tuesday

(Newser) - Sharp drops in materials and energy shares led to a broad decline in the stock market on Tuesday. The price of crude oil continued to fall, and the US benchmark for crude remained near its lowest level in seven years. Mining stocks in particular were hurt by weak economic news... More »

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