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U.S. stocks plunged into a deep sea of red Thursday, as economic fears at home and political concerns in Saudi Arabia weighed heavily on investor sentiment.
The Dow Jones industrial average tumbled 228 points, or 1.9 percent, to end at 11,985. It was the worst point drop in the Dow since Aug. 11. Get the full story »
U.S. stocks rose Tuesday, lifting the Dow Jones Industrial Average to its highest intraday level in more than two years, as data showing growth in U.S. retail sales and business sales boosted investors’ outlook on the economy.
The Dow rose 71 points, or 0.6 percent, to 11,499. Earlier, the measure hit 11499.70, its highest intraday level since September 2008. Its top performers spanned a variety of sectors, with Boeing up 1.4 percent, Kraft Foods up 1.3 percent and Johnson & Johnson up 1.2 percent. Get the full story »
Commodity-related shares led U.S. stocks lower on Friday in a shortened post-holiday session as investors unloaded risky assets on worries that euro-zone debt problems may spread.
Consumer stocks were also a major focus as Black Friday, often the biggest shopping day of the year, began what is expected to be the strongest holiday shopping season in three years.
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Stocks are sharply higher after a batch of economic reports offered some hope that the U.S. economy was improving.
Investors seized on encouraging readings of the labor market and Americans’ incomes on Wednesday, while shrugging off a steep fall in new home sales and manufacturing orders. Get the full story »
Stocks were lower Monday at the start a holiday-shortened week, as news of progress on Ireland’s rescue package underscored concerns about other troubled European economies.
The Dow Jones industrial average fell 76 points, or 0.7 percent, about 2-1/2 hours into trade. The S&P 500 lost 7 points, or 0.6 percent, and the Nasdaq ticked down 1 point, or less than 0.1 percent. Get the full story »
From CNN | Troubled mortgage finance giants Fannie Mae and Freddie Mac said goodbye to the New York Stock Exchange at the end of trade Wednesday. At the market open Thursday, Fannie and Freddie will start trading on the over-the-counter bulletin board — also known as pink sheets — under the symbols “FNMA” and “FMCC.” Get the full story »
The Dow climbed 274 points to 10,018 today as investors were encouraged by retail sales in the U.S. and the fact that stress tests are to be done on European banks. Those tests are supposed to show how banks will hold up if they get hit with bad debts from weak European countries such as Greece and Spain.
The CBOE Stock Exchange invoked a government-sanctioned rule to unwind 18 trades made in the stock of Chicago’s Accenture Plc that all took place within a few minutes Thursday afternoon at the price of a penny per share. Accenture closed down $1.08 at $41.09, and no news from the company would have justified those rock-bottom trades.
Traders in the S&P 500 pit at the Chicago Board Options Exchange on May 6, 2010. (Terrence Antonio James/Chicago Tribune)
By Greg Burns | One of the wildest 20 minutes in Wall Street history spilled into Chicago’s major markets Thursday, prompting one exchange to declare a series of trades “clearly erroneous,” and another to suggest that a hot rumor was wrong.
