A weak start to 2014 continues for stock market
2014-01-07 01:20:04 UTC
NEW YORK (AP) — The Standard & Poor's 500 index notched its worst start to a year in almost a decade Monday, closing lower for the third straight trading day.
Although the declines for stocks in the New Year have been modest, the direction has been consistently down. The Standard & Poor's 500 index has fallen 1.2 percent from its mo...
Asian stocks in the red ahead of US, China data
2014-01-06 09:12:56 UTC
KUALA LUMPUR, Malaysia (AP) — Asian markets were in the red Monday, opening the week on a cautious note ahead of the release of data from the U.S. and China that will reflect the pace of growth in the world's top two economies.
China's benchmark Shanghai Composite Index tumbled 1.9 percent to 2,043.01, extending losses from last wee...
An early gain fades on Wall Street; GM slumps
2014-01-03 22:03:51 UTC
NEW YORK (AP) — The stock market is continuing to have a sluggish start to the New Year.
Major indexes are finishing mixed on Wall Street Friday, the second day of trading in 2014.
The Standard & Poor's 500 index edged down less than a point to 1,831. The Dow Jones industrial average rose 28 points, or 0.2 percent, to 16,467. The...
Stocks rise on strong US economic growth
2013-12-21 05:15:22 UTC
NEW YORK (AP) — An unexpectedly strong report on U.S. economic growth pushed stocks higher Friday, capping off Wall Street's best week in three months.
The report, which showed the U.S. economy grew at a healthy 4.1 percent annual pace between July and September, is the latest positive piece of economic data investors have gotten in...
Stocks edge lower ahead of Federal Reserve meeting
2013-12-17 18:43:06 UTC
NEW YORK (AP) — Stocks edged lower in midday trading Tuesday as the Federal Reserve started a two-day policy meeting.
Good news on the U.S. economy this month, including a blockbuster jobs report and a budget deal in Washington, appeared to increase the likelihood that the Fed could pare back its huge bond-buying program as early as...
Asian stocks track US higher as yen slips
2014-01-16 08:19:00 UTC
HONG KONG (AP) — Asian stocks advanced Thursday after a key U.S. benchmark climbed to a new high on strong earnings and economic data.
Regional investors were reassured after the S&P 500 closed at its highest level yet, squeaking past its previous record set less than a month ago. The rally was helped along by Bank of America, the c...
World stocks tentative amid Fed stimulus cut fears
2013-12-13 10:15:52 UTC
BEIJING (AP) — World stock markets were tentative Friday as investors prepared for the U.S. Federal Reserve's decision next week on whether to reduce its monetary stimulus.
Asia's heavyweight market benchmark, Tokyo's Nikkei 225, rose 0.4 percent to 15,403.11 and Hong Kong, Taiwan and Sydney also rose. Shanghai and Seoul declined.
Stocks slump following disappointing earnings
2013-12-11 21:12:43 UTC
NEW YORK (AP) — Stocks are falling on Wall Street as traders react to disappointing earnings from U.S. companies.
Health care stocks had some of the biggest declines. Laboratory Corporation of America slumped after cutting its full-year earnings forecast. Quest Diagnostics, a major competitor, also dropped.
The Dow Jones industri...
Stocks edge higher after Sysco acquisition
2013-12-09 20:11:57 UTC
NEW YORK (AP) — A big acquisition in the food industry and hopes for a longer-term budget deal out of Washington nudged stocks back into record territory Monday afternoon.
Food distributor Sysco rose the most in the Standard & Poor's 500 index after it announced an agreement to buy rival US Foods in an $8.2 billion deal. Sysco's sto...
Stock market jumps after strong jobs report
2013-12-07 08:44:38 UTC
NEW YORK (AP) — Good news was finally good news for the stock market on Friday.
Stocks rose sharply after the government reported a fourth straight month of solid U.S. job gains, the latest encouraging sign for the economy.
The strengthening job market focused investors on the nation's improving economy instead of concerns about ...
Retail stocks slide on Wall Street on poor results
2013-12-05 17:00:48 UTC
NEW YORK (AP) — Stocks are mostly lower on Wall Street in early trading as retailers report weak results.
Aeropostale fell after reporting a loss in the third quarter as the teen retailer slashed prices in an effort to pull in shoppers. L Brands, the owner of Victoria's Secret and Bath & Body Works, fell after reporting that its sal...
Asian stocks down over fears of Fed stimulus cut
2013-12-05 06:20:10 UTC
KUALA LUMPUR, Malaysia (AP) — Asian stocks were in the red Thursday after strong U.S. economic data renewed fears that the Federal Reserve may start cutting its monetary stimulus this month.
Japan's Nikkei 225 eased 0.4 percent to 15,343.01 and China's Shanghai Composite fell 0.1 percent to 2,248.89. Hong Kong's Hang Seng was down 0...
Stocks slip as shopping season has a weak start
2013-12-03 21:44:39 UTC
NEW YORK (AP) — Stocks are closing lower on Wall Street as investors worry about weak consumer spending as the holiday shopping season gets underway.
The Dow Jones industrial average lost 94 points, or 0.6 percent, to close at 15,914 Tuesday.
The Standard & Poor's 500 index fell five points, or 0.3 percent, to 1,795. The Nasdaq c...
Stocks mixed on disappointing holiday sales
2013-12-02 19:54:20 UTC
NEW YORK (AP) — Shoppers spent less over the Thanksgiving weekend and that is weighing on stocks.
Shoppers turned out in record numbers over the four-day Thanksgiving weekend, but they spent less than they did last year. It was the first decline in Thanksgiving weekend spending since a retail trade group began tracking it in 2006.
Stocks rise as Black Friday shopping push unfolds
2013-11-29 17:36:46 UTC
NEW YORK (AP) — Retailers led stocks higher in holiday-shortened trading Friday, putting the market on track for another strong month.
Retailers were among the leading gainers as the busiest shopping day of the year, Black Friday, got underway. More than a dozen major chains opened on Thanksgiving Day and planned to stay open throug...
Asia stocks lower ahead of Europe data, US sales
2013-11-29 09:06:11 UTC
BEIJING (AP) — Asian stock markets were mostly lower Friday as traders awaited European inflation data and the first day of the U.S. Christmas shopping season.
The region's heavyweight, Japan's Nikkei 225, tumbled 0.8 percent to 15,607.75 after gaining strongly on Thursday. Hong Kong and Taipei rose but benchmarks in China, South Ko...
Small company helps Twitter make money
2013-11-29 09:04:11 UTC
DENVER (AP) — Twitter just issued its IPO but a lingering question is how the popular worldwide microblog company will turn a profit. One Colorado-based company thinks it has found one way to help Twitter, and itself, make money.
Wayin has partnered up with the Denver Broncos to project tweeted photos and tweets from fans onto the S...
Japan leads Asian markets higher on yen weakness
2013-11-28 06:53:20 UTC
HONG KONG (AP) — Japanese stocks jumped Thursday as the yen lingered near a six-month low, leading a broader advance by Asian markets after U.S. benchmarks rose to record levels.
The Nikkei 225 advanced 1.2 percent to 15,631.35, driven by the Japanese currency's slump as traders bet on more monetary easing from the central bank as i...
World stocks trade sideways ahead of US holiday
2013-11-26 10:07:50 UTC
MANILA, Philippines (AP) — World stock markets mostly traded sideways Tuesday after a lull in Wall Street's record-breaking run ahead of a U.S. holiday.
U.S. stocks have enjoyed seven weeks of gains, driven by the Federal Reserve's super easy monetary policy, signs of gradual improvement in the U.S. economy and rising company profit...
Stocks end day mostly flat in quiet trading
2013-12-28 07:41:44 UTC
NEW YORK (AP) — Wall Street's six-day rally stalled out on Friday as stocks ended the day mostly flat in quiet trading.
Bond yields continued to rise. The yield on the 10-year Treasury note climbed above the 3 percent mark. The yield hasn't consistently traded above that level since July 2011. The increase will translate into higher...
Worries of a Fed pullback sends stocks lower
2013-11-21 08:01:05 UTC
NEW YORK (AP) — The latest news from the Federal Reserve spooked investors Wednesday.
Stock and bond prices fell after minutes from the Fed's latest meeting showed that the U.S. economy was improving steadily enough to warrant a reduction in stimulus in "coming months."
The Fed has been buying $85 billion every month in Treasury ...
Fed's readiness to reduce stimulus sinks stocks
2013-11-20 21:10:41 UTC
NEW YORK (AP) — New signs that the Federal Reserve is getting ready to reduce its extraordinary support of the U.S. economy sent stock and bond prices lower on Wall Street Wednesday.
Minutes from the Federal Reserve's latest meeting on Oct. 29-30 showed that the U.S. economy was improving steadily enough to warrant a reduction in st...
Safe-play stocks lead market to latest records
2013-11-14 21:37:37 UTC
NEW YORK (AP) — The stock market is closing at another record high, but the gains were driven mostly by stocks that investors buy when they want to avoid risk.
The biggest gainers were safe-play stocks like power companies, banks and health care companies, a sign that investors are becoming more cautious.
Technology companies wer...
Stocks edge higher on Wall Street
2013-11-11 18:20:16 UTC
NEW YORK (AP) — The Dow Jones industrial average held at a record high on Wall Street Monday.
The market continued its climb from Friday, when it got a lift from an unexpectedly strong U.S. jobs report. Stocks have surged to record highs this year as the Federal Reserve keeps up its economic stimulus and earnings at U.S. companies c...
Stocks sink on Fed worries, but Twitter surges
2013-11-08 07:46:13 UTC
NEW YORK (AP) — Twitter popped, but the rest of the market dropped.
Twitter wowed investors with a 73 percent surge on its first day of trading Thursday. The broader market, however, had its worst day since August as traders worried that the Federal Reserve could cut back on its economic stimulus.
The cause of that worry was a su...