US economy

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Middle Class Plummets to Less Than 50% of US

Most of that demographic's gains were wiped out by Great Recession

(Newser) - In 1971, the middle class made up 61% of the US population. That figure has now plummeted to just below half, and analysts are worried about the breakdown of what the Los Angeles Times calls "a pillar of the US economy." A Pew Research Center report released Wednesday... More »

Stock Market Closes With Biggest Monthly Gain in 4 Years

But for the day, Dow, S&P 500, and Nasdaq are all down

(Newser) - The stock market drifted lower Friday but finished October with its biggest monthly gain in four years. US government data released during the month showed feeble economic growth, wage growth, and consumer spending growth. But the outlook for future growth brightened and fears waned that a slowing Chinese economy would... More »

Dow Ends Day Up 14

S&P 500, Nasdaq also slightly up

(Newser) - Stocks are closing with tiny gains after spending most of the day in the red. The Dow climbed 14 points, or 0.1%, to 17,230 Monday. The Standard & Poor's 500 index edged up a fraction to 2,033. The Nasdaq composite edged up 18 points, or 0.... More »

Dow Ends Week Up 74

S&P 500, Nasdaq also up

(Newser) - Stocks are closing higher after a day of meandering, giving the market its third straight week of gains. The Dow edged up 74 points, or 0.4%, to 17,215 Friday. The Standard & Poor's 500 index rose nine points, or 0.5%, to 2,033. The Nasdaq composite... More »

Dow Ends Day Up 217

Stocks see best gain in nearly 2 weeks

(Newser) - Stocks are notching their best gain in nearly two weeks as investors respond to some positive earnings surprises. The Dow Jones industrial average jumped 217 points, or 1.3%, to 17,141 Thursday. The Standard & Poor's 500 index rose 29 points, or 1.5%, to 2,023. The... More »

Dow Ends Day Down 157

S&P 500, Nasdaq also down

(Newser) - Stocks are closing lower Wednesday, led by declines in retailers after a disappointing forecast by Walmart. The Dow Jones industrial average gave up 157 points, or 0.9%, to 16,924. The Standard & Poor's 500 lost nine points, or 0.5%, to 1,994. The Nasdaq composite declined... More »

Stock Market Closes Out Best Week of the Year

Dow, S&P 500, Nasdaq all up

(Newser) - The stock market is closing out its best week this year with a modest gain, helped by airlines and industrial companies. The Dow Jones industrial average rose 33 points, or 0.2%, to 17,084 Friday. The Standard & Poor's 500 gained a point to 2,014. The Nasdaq... More »

Dow Ends Day Up 138

Nasdaq, S&P 500 also up

(Newser) - Stocks are closing solidly higher on Wall Street, continuing a weeklong advance. Investors were relieved Thursday by minutes from the Federal Reserve's latest meeting, which showed that policymakers were in wide agreement to keep rates low. The Dow Jones industrial average rose 138 points, or 0.8%, to 17,... More »

Dow Ends Day Up 13

S&P 500, Nasdaq both down

(Newser) - A rally in energy stocks wasn't enough to lift the broader market, leaving indexes mostly lower at the closing bell Tuesday. The Dow Jones industrial average edged up 13 points, less than 0.1%, to 16,790. It jumped 304 points the day before. The Standard & Poor's... More »

Dow Ends Week Up 200

S&P 500, Nasdaq also up

(Newser) - The stock market reversed an early stumble and ended higher, led by gains in energy companies. The Dow gained 200 points, or 1.2%, to 16,472. It was down as much as 258 earlier. The Standard & Poor's 500 index rose 27 points, or 1.4%, to 1,... More »

Dow Ends Day Down 12

S&P 500, Nasdaq both slightly up

(Newser) - Stocks are getting the fourth quarter off to a weak start as investors wait for the government's monthly jobs report. The Dow Jones industrial average fell 12 points, or 0.1%, to 16,271 on Thursday. The S&P 500 rose three points, or 0.2%, to 1,923.... More »

Dow Ends Day Up 235

S&P 500, Nasdaq also up as third quarter closes

(Newser) - US stocks are closing out a rough quarter on a positive note. Major indexes rallied on Wednesday, but the market still ended the third quarter with its worst loss in four years. All five of the biggest drops in the year occurred in the last three months as traders worried... More »

Dow Ends Day Up 47

S&P 500 also up, but Nasdaq is down

(Newser) - US stocks are closing mixed as the market stabilizes a day after a big drop. The Dow Jones industrial average rose 47 points, or 0.3%, to 16,049 Tuesday. It plunged 312 points the day before. The Standard & Poor's 500 index eked out a gain of two... More »

Dow Ends Week Up 113

S&P 500, Nasdaq fall

(Newser) - Early gains for US stocks were mostly gone by the end of the day, leaving indexes mixed at the closing bell. A late slump in health care stocks offset gains in financial stocks today. Banks and other financial companies got a boost after Federal Reserve Chair Janet Yellen said that... More »

Dow Ends Day Down 78

S&P 500, Nasdaq also down

(Newser) - US stocks are closing lower as traders worry again about slowing global growth. The Dow Jones industrial average lost 78 points, or 0.5%, to 16,201 today. It had been down 263 points earlier. The Standard & Poor's 500 index fell six points, or 0.3%, to 1,... More »

Dow Ends Day Down 51

S&P 500, Nasdaq also down

(Newser) - Stocks are ending mostly lower, led by another drop in materials and energy companies as worries about global growth continue. The Dow Jones industrial average declined 51 points, or 0.3%, to 16,279 today. The Standard & Poor's 500 index gave up four points, or 0.2%, to... More »

Dow Ends Day Down 179

Nasdaq, S&P 500 also down

(Newser) - Stocks are closing sharply lower as materials companies sink along with the prices of oil and copper. The Dow Jones industrial average fell 179 points, or 1.1%, to 16,330 today. The Standard & Poor's 500 index dropped 24 points, or 1.2%, to 1,942 and the... More »

Dow Drops 292 to End Week

The day's losses wipe out all stock market's gains for the week

(Newser) - US stocks are falling sharply on concern about the outlook for global growth after the Federal Reserve decided to hold off raising interest rates. The Dow Jones industrial average ended down 292 points, or 1.8%, to 16,382 today. The Standard & Poor's 500 index slumped 32 points,... More »

Dow Falls 65 After Fed Announcement

S&P 500 also falls, but Nasdaq is up

(Newser) - Stocks ended mostly lower after a volatile day as traders tried to figure out what was next for US interest rates. The bumpy trading today came after the Federal Reserve decided to keep interest rates low , citing weakness in the global economy and unsettled financial markets. Bond prices rose, sending... More »

Dow Ends Day Up 140

Energy stocks led today's rally

(Newser) - Energy stocks led a rally on the stock market as the price of oil turned sharply higher. The Dow gained 140 points, or 0.8%, to close at 16,739 today. The Standard & Poor's 500 rose 17 points, or 0.9%, to 1,995. The Nasdaq composite climbed... More »

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