Stories tagged: Wall Street
Thu., May 12, 2016, 2:20 p.m.
Stocks finish little change after weak employment report
U.S. stocks ended pretty much where they started Thursday after spending the day cycling up and down. Investors bought safe picks like phone companies and food makers after a surprisingly …
Mon., May 9, 2016, 2:39 p.m.
Gap sales slide in April; retailer gives grim outlook
Gap shares tumbled in after-hours trading Monday after the struggling retailer reported worse-than-expected sales, issued a profit warning for the first quarter, and announced that it is mulling options for …
Fri., May 6, 2016, 1:43 p.m.
Stocks shake off earlier loss to close higher
The Dow Jones industrial average rose 79.92 points, or 0.5 percent, to 17,740.63. The Standard & Poor’s 500 index rose 6.51 points, or 0.3 percent, to 2,057.14 and the Nasdaq …
Fri., May 6, 2016, 9:13 a.m.
Stocks slip as jobs report shows hiring slowdown
Stocks were modestly lower in Friday morning after a report on the U.S. economy showed a significant slowdown in hiring last month, echoing weakness seen earlier in the week in …
Thu., May 5, 2016, 1:55 p.m.
Stocks close flat as investors await Friday’s jobs report
The Dow Jones industrial average rose 9.45 points, or less than 0.1 percent, to 17,660.71. The Standard & Poor’s 500 index fell 0.49 of a point, less than 0.1 percent, …
Thu., May 5, 2016, 7:38 a.m.
Fannie Mae posts $1.1B profit in 1Q; paying $919M dividend
Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments …
Wed., May 4, 2016, 2:58 p.m.
Weak U.S. hiring report sends stocks lower
U.S. and global stock indexes moved lower a second day Wednesday following a dismal report on job creation that gave investors concern over the state of the economy. The data …
Wed., May 4, 2016, 1:07 p.m.
ICE backs away from bid for London Stock Exchange
Intercontinental Exchange has jettisoned plans to acquire the London Stock Exchange.
Tue., May 3, 2016, 2:13 p.m.
MetLife fined $20M for variable annuities switches
MetLife has been fined $20 million by Wall Street’s policing body for misleading customers in switching them from variable annuities contracts into more expensive ones.
Thu., April 28, 2016, 2:20 p.m.
Stocks skid as Apple pulls tech companies lower
U.S. stocks took their biggest loss in three weeks on Thursday after a late sell-off. Apple, which is mired in a slump, fell to its lowest price in about two …
Wed., April 27, 2016, 12:50 p.m.
A pay perk to leave Wall Street for Washington is under threat
U.S. regulators want to put an end to a long-time Wall Street custom of giving executives multimillion dollar windfalls when they leave for government jobs.
Wed., April 27, 2016, 12:35 p.m.
Exxon hikes dividend day after credit downgrade
day after losing its cherished AAA credit rating partly due to billions paid to shareholders, Exxon Mobil is raising its dividend again.
Tue., April 26, 2016, 9:15 a.m.
U.S. consumer confidence slips in April
U.S. consumers were feeling a little less confident in April, even though the stock market was rebounding from its February lows.
Mon., April 25, 2016, 2:10 p.m.
U.S. stocks slip as energy companies fall with oil prices
The Dow Jones industrial average fell 26.51 points, or 0.2 percent, to 17,977.24. The Standard & Poor’s 500 index lost 3.79 points, or 0.2 percent, to 2,087.79. The Nasdaq composite …
Mon., April 25, 2016, 7:28 a.m.
U.S. stocks dip, following losses in global markets
U.S. stocks are slipping Monday morning as global stocks also took losses. Energy companies are falling the farthest although the price of oil is little changed. Companies including business service …
Sat., April 23, 2016, 8:03 a.m.
SEC may ease burden of company reports
Four times a year there’s a kind of parade on Wall Street: Companies announce their quarterly earnings, all in a row, with the banks first, then the tech companies, and …
Fri., April 22, 2016, 3:02 p.m.
U.S. stock indexes end week mixed
A rebound in the price of oil and natural gas helped drive sharp gains for energy and financial companies, nudging U.S. stocks mostly higher Friday.
Fri., April 22, 2016, 9:31 a.m.
Aeropostale being delisted by NYSE
Trading in shares of Aeropostale, the retailer whose clothes were once ubiquitous in teen closets, was suspended Friday and the New York Stock Exchange will delist the company.
Fri., April 22, 2016, 9:19 a.m.
U.S. stocks move lower as investors size up earnings
Disappointing earnings from Microsoft, Google parent Alphabet and other big companies pulled U.S. stocks lower in midday trading Friday. Technology sector companies were down sharply, offsetting gains among energy companies …
Thu., April 21, 2016, 2:21 p.m.
U.S. stock indexes fall afer 3-day rally
A steep slide in traditional safe-play stocks such as phone companies and utilities weighed on Wall Street Thursday, snapping a three-day winning streak for the market.
Thu., April 21, 2016, 7:05 a.m.
Wal-Mart shrinks board membership to 12 from 15
Wal-Mart is shrinking the number of board members to 12 from 15 as it looks to bolster the board for the future.
Wed., April 20, 2016, 8:29 a.m.
U.S. stocks waver early as investors eye company earnings
U.S. stock indexes wavered between small gains and losses in early trading Wednesday as investors sized up the latest company earnings and deal news. Consumer staples companies were down the …
Mon., April 18, 2016, 3:22 p.m.
Stocks recover from early slump, close higher
The Dow climbed 106.70 points, or 0.6 percent, to close at 18,004.16. The last time the average was above 18,000 points was on July 20. The S&P 500 index added …
Fri., April 8, 2016, 1:46 p.m.
Stock indexes manage tiny gains, led by the energy sector
The Dow Jones industrial average rose 35 points, or 0.2 percent, to 17,576. The Standard & Poor’s 500 index climbed four points, or 0.2 percent, to 2,046. The Nasdaq composite …
Wed., April 6, 2016, 2:33 p.m.
U.S. stocks rise as health care and energy companies climb
The Dow Jones industrial average climbed 112 points, or 0.6 percent, to 17,716. The Standard & Poor’s 500 index gained 21 points, or 1.1 percent, to 2,066. The Nasdaq composite …
Mon., April 4, 2016, 2:12 p.m.
Stocks end slightly lower in quiet trading
U.S. stocks fell slightly in quiet trading Monday as investors worked through several company announcements and prepared for the start of company earnings releases.
Thu., March 31, 2016, 2:13 p.m.
Stocks slip, ending a turbulent quarter on a quiet note
Stocks closed mostly lower on Thursday, with chemicals and agricultural companies taking the largest losses. The price of gold continued its long surge. Trading was quiet on the final day …
Wed., March 30, 2016, 1:55 p.m.
U.S. stocks rise, led by banks, tech companies
The Dow Jones industrial average rose 83.55 points, or 0.5 percent, to 17,716.66. The Standard & Poor’s 500 index gained 8.94 points, or 0.4 percent, to 2,063.95. The Nasdaq composite …
Wed., March 30, 2016, 11:54 a.m.
Spotify adds $1 bln to war chest on way to IPO, source says
Music streaming leader Spotify has raised $1 billion in debt as it looks to buy companies that could accelerate its growth before listing shares on the public market within the …
Tue., March 29, 2016, 2:09 p.m.
Stocks close at highest level of the year
Stocks closed at their highest level of the year as investors welcomed the latest signal from the Federal Reserve that it would move slowly to raise interest rates.