U.S. Stocks Fall as JPMorgan Drops, Tech Shares Fluctuate
2014-04-11 16:17:29 UTC
U.S. stocks fell, after the biggest drop for the Standard & Poor’s 500 Index in two months, as technology shares swung between gains and losses while JPMorgan Chase & Co. slid on disappointing earnings.
JPMorgan lost 3.4 percent as profit fell 19 percent on lower fixed-income trading and mortgage revenue. Netflix Inc. dropped 1 perc...
Google Shareholder Votes Can Be Worth Less Than Zero
2014-04-03 18:50:08 UTC
What is the worth of a Google (GOOG) shareholder vote?
One correct answer has always been: not much. Since the company went public in 2004, its stock has come in two flavors: Class A shares, which come with one vote apiece; and Class B shares, which come with 10. The latter are held almost entirely by Google’s founders, Larry Page a...
Russia stocks feel sanctions bite
2014-03-21 08:07:46 UTC
U.S. stock futures traded little changed on Friday as markets in Russia fell as Washington announced additional sanctions on key members of President Vladimir Putin's inner circle.
Dow Jones industrial average index futures fell 0.1% and Nasdaq index futures rose 0.2%. Standard & Poor's 500 index futures were up 0.2%.
The Micex i...
Stocks down on discouraging news from Asia
2014-03-10 16:29:31 UTC
A dash of discouraging economic news from China and Japan put a damper on the U.S. stock market Monday, adding to concerns that global growth could be slowing.
KEEPING SCORE: The Standard & Poor's 500 index fell six points, or 0.4 percent, to 1,871 at 12:13 p.m. Eastern Time. The Dow Jones industrial average fell 84 points, or 0.5 p...
Stocks rise as US job market improves
2014-03-06 21:43:18 UTC
NEW YORK (AP) — Investors were looking for any reason to look past the cold weather that has hampered the U.S. economy in the last few weeks, and they found it.
Stocks mostly rose Thursday, helped by a report that showed the number of people who filed for unemployment benefits fell last week to the lowest level in three months. The ...
US stocks rebound as factory output surges
2014-03-18 02:30:16 UTC
NEW YORK (AP) — Stocks are sharply higher following news that output at U.S. factories surged last month.
The Dow Jones industrial average rose 181 points, or 1.1 percent, to 16,247 Monday.
The increase in factory production was the biggest in six months. That reassured investors that an economic slowdown in January may have been...
Global stocks slide as tensions build in Ukraine
2014-03-03 22:04:54 UTC
NEW YORK (AP) — Rising tensions over Russia's military advance into Ukraine pushed stock markets around the world sharply lower on Monday.
The Standard & Poor's 500 index dropped the most in a month, following stock markets in Europe and Asia lower, as Russia's military tightened its grip on the Crimea region. Investors sold stocks ...
US stocks end mostly higher after a late stumble
2014-03-01 00:06:23 UTC
NEW YORK (AP) — Stocks are ending mostly higher after the market had a brief stumble in the afternoon.
The Standard & Poor's 500 index edged further into record territory, but weakness in technology stocks held back the Nasdaq composite.
The S&P 500 rose five points, or 0.3 percent, to 1,859 Friday.
The Dow Jones industrial av...
Stocks end higher but fall short of record high
2014-02-24 23:02:53 UTC
NEW YORK (AP) — The stock market ended higher Monday, but a late fade kept it from closing at an all-time high.
The market marched broadly higher most of the day, helped by optimism about the economy and more corporate mergers, only to slowly lose momentum in the final half hour of trading.
The Standard & Poor's 500 index ended u...
World stocks fall on weak China data, Fed minutes
2014-02-20 10:12:52 UTC
SEOUL, South Korea (AP) — A contraction in Chinese manufacturing and the possibility of higher U.S. interest rates dragged global stock markets lower Thursday.
China's manufacturing tumbled to a seven-month low in February, according to the preliminary results of a HSBC survey of factory purchasing managers.
That added to negativ...
Early gain fades for stocks; S&P 500 declines
2014-02-22 08:53:01 UTC
NEW YORK (AP) — Stocks slipped on Friday, pushing the market to a weekly loss, as investors assessed the latest round of company earnings.
Express Scripts, the largest U.S. pharmacy benefits manager, fell after its fourth-quarter earnings slipped, hurt by the loss of UnitedHealth, a large customer. Groupon plunged after the online d...
Asia stocks rise as China credit growth rebounds
2014-02-17 06:31:23 UTC
BEIJING (AP) — Asian stock markets rose Monday after China's bank lending in January beat forecasts and Europe reported stronger-than-expected economic growth.
The Shanghai Composite Index added 0.3 percent to 2,122.9 and Tokyo's Nikkei 225 gained 0.4 percent to 14,369.78.
Hong Kong's Hang Seng rose 1 percent to 22,527.22. Se...
Stocks rise as investors assess earnings
2014-02-14 07:12:11 UTC
NEW YORK (AP) — The stock market rose for the fifth time in six days Thursday as higher earnings from several big U.S. companies helped investors shrug off discouraging news about jobs and retail spending.
Goodyear Tire & Rubber surged to its highest level in almost six years after the company's earnings beat analysts' forecas...
Asian stocks jump on Yellen easy-money remarks
2014-02-12 09:11:32 UTC
TOKYO (AP) — Global stocks were higher Wednesday after the new head of the U.S. Federal Reserve vowed a continuation of low interest rates. Stronger Chinese trade figures and the shelving of another U.S. debt limit battle also boosted markets.
Gains in Asia outpaced Europe where trading was more muted. Britain's FTSE 100 added 0.1 p...
Stocks rebound to post gain for the week
2014-02-08 08:05:34 UTC
As comebacks go, this one was a couple of days in the making.
On Friday, the U.S. stock market rebounded from a deep slump earlier in the week to muster the first positive five-day stretch after three weeks of declines.
The day's modest gains added to a strong finish for stocks a day earlier, enough for the Dow Jones industrial a...
Google awards $106M in stock, cash to Schmidt
2014-02-04 22:46:49 UTC
NEW YORK (AP) — Google says it is awarding its $100 million worth of equity to Eric Schmidt, plus a $6 million cash bonus in recognition of the executive chairman's contributions to the company's performance in 2013.
Google Inc. said in a regulatory filing Tuesday that the restricted stock award will be granted on Feb. 5 and vest ov...
Dollar Strengthens Versus Euro as Spending Rises After Fed Taper
2014-02-04 20:52:40 UTC
The dollar strengthened a fifth day versus the euro as U.S. consumer spending rose the most in three years a day after the Federal Reserve scaled back bond purchases that weaken the greenback and support global asset prices.
Hungary’s forint dropped as emerging-market peers the South African rand and the real of Brazil rebounded fro...
Asia stocks down amid Lunar New Year holidays
2014-02-03 07:59:55 UTC
TOKYO (AP) — Asian stocks fell Monday after Wall Street lost ground amid lingering jitters about weakness in the financial markets of some developing countries.
The Nikkei 225, the barometer for the Tokyo Stock Exchange, closed down 2 percent at 14,619.13 as the yen has reversed some of its weakness against the dollar in recent days...
Stock investors hit from all sides in January
2014-02-01 10:16:27 UTC
NEW YORK (AP) — Stock investors were hit from all sides in January.
Concerns about the global economy and U.S. company earnings, as well as turmoil in emerging markets, led the Dow Jones industrial average to its worst start since 2009. However, many investors remain hopeful that the problems will not spill over into the rest of 201...
Nikkei falls, most Asia markets shut for holidays
2014-01-31 10:10:29 UTC
BANGKOK (AP) — Japan's Nikkei stock index fell Friday as the yen strengthened, but the handful of other Asian markets open during Lunar New Year holidays gained after U.S. corporate earnings continued to exceed expectations.
Financial markets are closed in China, Hong Kong, South Korea, Taiwan, Indonesia, Singapore, Malaysia and the...
Decline in US stock market moderates
2014-01-27 19:06:56 UTC
NEW YORK (AP) — U.S. investors are holding steady Monday in a shaky global market. After big drops in stocks last week sparked by a slowing Chinese economy and plunging emerging-market currencies, the selling moderated. Caterpillar, a big component of the Dow Jones industrial average, surged after reporting a jump in profits.
Stocks fall worldwide on emerging-market fears
2014-01-28 03:34:40 UTC
NEW YORK (AP) — Stock markets fell across the globe on Monday, but at least it wasn't another rout on Wall Street.
Shaky economies and plunging currencies in the developing world fueled a worldwide sell-off as fearful investors pushed prices lower across Asia and Europe.
In the U.S. and other rich countries with healthier economi...
Global markets hit by fears of growth slowdown
2014-01-25 09:10:33 UTC
Fear is back in the market.
Investors are worried about slower economic growth in China, a gloomier outlook for U.S. corporate profits and an end to easy-money policies in the United States and Europe. They're also fretting over country-specific troubles around the world — from economic mismanagement in Argentina to political instab...
China's December exports slow, imports accelerate
2014-01-10 08:44:38 UTC
BEIJING (AP) — China's export growth slowed in December while imports accelerated, possibly helping to temper fears of a slowdown in the world's second-largest economy.
Exports rose 4.3 percent to $207.7 billion, slowing from November's 12.7 percent expansion, trade data showed Friday. Imports rose 8.3 percent to $182.1 billion, up ...
Stocks end mixed as retailers give weaker outlook
2014-01-10 08:43:30 UTC
NEW YORK (AP) — Investors got a sharp reminder Thursday that the economy still has some weak spots.
Bed Bath & Beyond and Family Dollar plunged after cutting their earnings forecasts following a disappointing holiday season. Other retail stocks also fell sharply even as the broader stock market ended little changed.
The reports o...