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Banks, Phone Companies Drag Stock Market Lower

And one toy maker took a nosedive

(Newser) - The stock market closed slightly lower led by declines in phone companies, banks, and health care providers, the AP reports. Verizon slumped 2.3% Friday, while Bank of America lost 1.6%. In earnings news, Mattel nosedived 13.6% after the struggling toy maker reported a big drop in sales.

Stocks Close High on Strength of Banks, Industry

Nasdaq closes at all-time high

(Newser) - Stocks closed solidly higher as investors found plenty to like in the latest earnings reports from financial and industrial companies, the AP reports. Transportation companies did especially well Thursday. Railroad operator CSX jumped 5.6% after releasing surprisingly strong earnings. Makers of basic materials also rose. Paint and coatings maker...

Stocks End Lower After Drop in Price of Oil

A weak showing by IBM didn't help

(Newser) - Stocks gave up an early gain and closed mostly lower after a sharp drop in the price of crude oil dragged energy companies down, the AP reports. A weak showing by IBM also weighed on technology stocks Wednesday and tugged the Dow Jones industrial average lower. IBM slumped 4.9%...

Health Care, Banks Lead US Stocks Lower

Goldman Sachs fell 4.7%

(Newser) - Stocks closed lower on Wall Street as poor results from Johnson & Johnson, Goldman Sachs, and other companies put a damper on buying, the AP reports. Johnson & Johnson lost 3.1% Tuesday, and drugmaker Cardinal Health slumped 11.5%. Goldman Sachs fell 4.7% after reporting a rare miss...

Tiny Gains for US Stocks After Bumpy Day of Trading

Energy and banks led the way

(Newser) - US stocks managed to end with tiny gains after a bumpy day of trading, the AP reports. Energy companies rose Thursday along with the price of crude oil, and banks also headed higher. Devon Energy climbed 3.3%, while KeyCorp increased 1.9%. High-dividend stocks like phone companies and utilities...

Gains by Energy Stocks Evened Out by Losses Elsewhere

Stocks end day little changed on Wall Street

(Newser) - Stocks closed little changed on Wall Street as gains in energy companies were canceled out by losses in banks and other parts of the market, the AP reports. Oil and gas companies benefited from broad increases in energy prices. Chesapeake Energy jumped 6.8% and Range Resources rose 4.2%....

US Stocks Pull Back From Record Highs
Banks Lead Stock
Slump Thursday
Mar 2, 2017 3:15 PM CST

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....

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....

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...

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...

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...

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...

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.

Dow Nears 20,000 as Market Closes
Stocks Set New
Records Tuesday
Dec 20, 2016 3:25 PM CST

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...

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...

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,...

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...

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.

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...

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...

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