stock market

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Stocks Skid on Economic Growth Worries

Dow ends day down 301

(Newser) - Stocks are closing with sharp losses amid new signs the global economy is slowing, the AP reports. The International Monetary Fund on Tuesday cut its 2019 growth forecast, pointing to heightened trade tensions and rising interest rates. Technology and energy companies skidded. So did industrial companies, hurt by the slower... More »

US-China Trade Hopes Bolster Markets

China offered to spend more on US goods and services

(Newser) - Stocks closed higher Friday as renewed hopes for progress in trade talks between the US and China contribute to optimism on Wall Street, per the AP . Bloomberg News reported that China's government offered to buy more goods and services from the US, potentially eliminating its trade deficit by 2024.... More »

Talk of Tariff Cuts Prompts Stock Increases

Technology, health care, and defense stocks all increase

(Newser) - US stocks closed with solid gains after the Wall Street Journal reported that some US officials want to reduce the Trump administration's new tariffs on Chinese imports, per the AP . Technology and industrial companies jumped Thursday. Nvidia rose 1.9% and Boeing added 2%. Health care companies also rose,... More »

Banks Lead Stock Gains on Wall Street

Dow ends day up 141

(Newser) - Strong earnings from several big banks powered more gains on Wall Street, with Goldman Sachs and Bank of America leading the way, the AP reports. Goldman Sachs jumped 9.5% Wednesday, its biggest gain in 10 years, after the bank said gains in its advisory business offset a rough quarter... More »

Dow Ends Day Up 155

Stocks close at highest level in a month

(Newser) - US stocks rallied to their highest level in more than a month after China's government moved to inject more life into its economy by cutting taxes, the AP reports. Netflix led a surge in high-tech companies Tuesday after announcing a series of price increases. The video streaming company surged... More »

Stocks Move Lower on Wall Street

Dow ends day down 86

(Newser) - Stocks are closing lower on Wall Street after China reported a surprise drop in exports last month, renewing concerns about that country's economy, the AP reports. Technology and health care companies took some of the biggest losses Monday. Apple lost 1.5% and Merck gave up 2%. A strong... More »

Markets End Week With a Mixed Finish

Falling oil prices pulled down energy stocks

(Newser) - Stocks drifted to a mixed finish on Wall Street as falling oil prices tugged energy stocks lower. Small-company stocks rose, the AP reports. The S&P 500 edged lower Friday, ending a five-day winning streak but still ending with its third straight weekly gain. That followed a brutal stretch in... More »

Stocks Post 5th Gain in a Row

It's the longest winning streak since September

(Newser) - The stock market shook off a rocky start and managed to end higher, stretching its winning streak into five days, the longest run since September, the AP reports. Industrial companies and chipmakers were among the biggest winners in a choppy day of trading Thursday. General Electric jumped 5.2% and... More »

Stock Indexes Rise for 4th Straight Day

For first time since September

(Newser) - Stocks closed higher on Wall Street, giving the market its first four-day winning streak since September, the AP reports. Technology companies and banks posted big gains Wednesday. Those stocks tend to benefit the most from economic growth. Apple added 1.7% and Citigroup also rose 1.7%. Energy companies benefited... More »

Stocks Rise for 3rd Day in a Row

For first time since late November

(Newser) - Stocks are closing broadly higher on Wall Street, giving the market its first three-day winning streak since late November, the AP reports. Technology, health care and industrial stocks led the way higher Tuesday. Energy companies also did well as the price of crude oil rose for the seventh day in... More »

Retailers Lead Stock Gains on Wall Street

Dow ends day up 98

(Newser) - Stocks rose again following a strong report on the economy and the resumption of trade talks between the US and China, the AP reports. The gains Monday built on a massive rally on Friday, the latest big swing over the past three months. Companies that rely on consumer spending did... More »

Stocks Soar, Erasing Thursday's Plunge

Major indexes closed up more than 3%

(Newser) - Wall Street roared back, wiping out all of the market's losses from the previous day, as a barrage of positive news eased concerns about the global economy and interest rates, the AP reports. Major indexes closed up more than 3% Friday. Traders were encouraged by news that employers ramped... More »

Apple's 'Darkest Day' Just Turned Into Dark 3 Months

Market capitalization loss of $452B since Oct. 3 is larger than the entire value of Facebook

(Newser) - Thursday was called the "darkest day" for Apple under Tim Cook. Now the bigger picture from the end of 2018 is emerging, and it's similarly stunning. CNBC reports that in the three months since Oct. 3, Apple's market capitalization losses have reached $452 billion, with Apple shares... More »

Fed Chief's Comments Send Markets Surging

Jerome Powell says economy looks able to sustain momentum in 2019

(Newser) - A rosy jobs report and comments from Federal Reserve chief Jerome Powell suggesting that the Fed will be patient on rate hikes have helped lift the markets in a big way. The Dow surged 680 points, or 3%, in early trading, while the S&P 500 and Nasdaq each were... More »

Stocks Slide After Apple's China Slump

Tech drop is biggest since 2011

(Newser) - Stocks slumped on Wall Street, led by a sharp slide in technology companies after Apple reported a slowdown in iPhone sales over the holidays in China, the AP reports. The 5% drop in tech stocks Thursday was the biggest for the sector since 2011. The Apple news jolted markets and... More »

Stocks Start 2019 With Another Bumpy Ride

But end the day slightly higher

(Newser) - The stock market ended a bumpy ride slightly higher on the first day of trading of the year thanks to gains in internet and energy companies, the AP reports. Facebook climbed 3.5% Wednesday and Amazon added 2.5%. Energy companies marched higher along with an upturn in the price... More »

Stocks End Troubled Year on High Note

Wall Street still finished 2018 with the worst showing in a decade

(Newser) - Wall Street closed out a turbulent year for stocks on a bright note Monday, but still finished 2018 with the worst showing in a decade. After setting a series of records through summer and fall, major US indexes fell sharply after early October, leaving them all in the red for... More »

Stock Indexes Finish Week Mostly Lower

The market remains on track for its worst December since 1931

(Newser) - Major US stock indexes finished mostly lower Friday after another day of volatile trading, the AP reports. Losses in technology, energy and industrial stocks outweighed gains in retailers and other consumer-focused companies. Smaller company stocks outgained the rest of the market. The benchmark S&P 500 index ended the week... More »

Stocks Rally, Erase Big Drop in Dow

Thanks to a late-afternoon rally

(Newser) - US stocks stages a furious late-afternoon rally Thursday, closing with gains after erasing a 600-point drop in the Dow Jones Industrial Average. The Dow rose 258 points, or 1.1%, adding to Wednesday's record gain of 1,086 points. The S&P 500 added 21 points to 2,488.... More »

Back to the Red: Market Has a Brutal Opening

Dow was down more than 400 points early

(Newser) - Wall Street's wild Christmas week rolls on. The Dow Jones Industrial Average fell more than 430 points in the first hour of trading Thursday, a day after notching its biggest-ever one-day point gain . Technology companies, health care stocks, and banks, all big gainers on Wednesday when the market had... More »

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