Stocks slip; US growth raises fear of Fed pullback
2013-11-07 17:12:24 UTC
NEW YORK (AP) — Stocks are pulling back from record levels as investors bet that faster growth in the U.S. would increase the likelihood that the Federal Reserve will curtail its economic stimulus program.
The U.S. economy expanded at an annual rate of 2.8 percent in the third quarter, up from 2.5 percent the previous quarter. That ...
Weak company earnings keep stock market in check
2014-01-17 16:20:25 UTC
NEW YORK (AP) — More weak earnings results from U.S. companies are keeping stocks in check in early trading.
United Parcel Service slumped 3 percent after warning investors that its fourth-quarter income would be lower than previously anticipated. UPS said it had to hire far more temporary workers than it planned during the holiday ...
Dow average closes above 16,000 for the first time
2013-11-22 09:44:04 UTC
NEW YORK (AP) — The Dow Jones industrial average finished above 16,000 for the first time Thursday as the blue-chip index races toward its best performance in a decade.
The Dow has been on fire lately, propelled higher by a combination of solid corporate earnings, a steadily strengthening economy and easy-money policies from the Fed...
Stocks rise on profit gains from Microsoft, others
2013-10-26 18:23:26 UTC
NEW YORK (AP) — Strong third-quarter results from technology companies drove investors into stocks on Friday, giving the market its third straight weekly gain.
After reporting results that topped expectations, Microsoft rose 6 percent and Amazon.com rose 9 percent. The Standard & Poor's 500 index hit a record. The Nasdaq is the high...
Tech earnings drive stocks up; Microsoft leads Dow
2013-10-25 20:22:50 UTC
NEW YORK (AP) — Earnings gains from big U.S. companies are pushing the stock market higher.
Microsoft led the Dow Jones industrial average up after reporting a jump in sales of tablet computers.
The Dow rose 61 points, or 0.4 percent, to close at 15,570 Friday.
The Standard & Poor's 500 rose seven points, 0.4 percent, to 1,759...
Twitter sets $17 to $20 per share range for IPO
2013-10-25 07:47:59 UTC
NEW YORK (AP) — Twitter has set a price range of $17 to $20 per share for its initial public offering and says it could raise as much as $1.6 billion in the process. The pricing is relatively conservative considering that Twitter is poised to pull off the year's hottest IPO.
Twitter Inc. said in a regulatory filing Thursday that it ...
Asia stocks rise on hopes Fed stimulus to continue
2013-10-28 07:51:56 UTC
KUALA LUMPUR, Malaysia (AP) — Asian stock markets were mostly higher Monday amid growing expectations that the U.S. Federal Reserve won't start reducing its monetary stimulus until at least the first quarter of next year.
With uncertainty over the raising of the U.S. borrowing limit temporarily resolved, investors have focused on ot...
Wall Street looks to return to 'normalcy'
2013-10-17 16:52:20 UTC
NEW YORK (AP) — Stocks were mostly higher Thursday as investors got back to focusing on corporate earnings and economic data.
It's a change of pace for Wall Street, which had been completely focused on the Washington's political drama over the last month. Now that the U.S. has avoided the possibility of default, at least for a few m...
US stocks down as investors wait on debt news
2013-10-16 05:06:11 UTC
The stock market was whipsawed Tuesday as the on-again, off-again talk of a debt deal in Washington made investors wonder just how pessimistic they should be.
Stocks were flat or down all day, but the size of the losses waxed and waned depending on which politician was giving a press conference. The market closed with its first loss...
Stocks rise as debt talks continue in Washington
2013-10-12 06:40:08 UTC
The closer Washington gets to a deal over the debt ceiling, the higher stocks go.
Stock prices rose for a second day in a row on Friday as investors bet against a U.S. debt default. The Dow Jones industrial average rose 111 points Friday, bringing its two-day gain to 434. Its jump on Thursday was the biggest this year.
Call it th...
Stocks end mostly higher on signs of compromise
2013-10-10 05:39:42 UTC
NEW YORK (AP) — Signs that lawmakers are making moves to end a stalemate in Washington and avert a U.S. government debt default halted a slump on the stock market Wednesday.
President Barack Obama is making plans to talk with Republican lawmakers at the White House in the coming days as pressure builds on both sides to resolve their...
China leads Asian stocks higher, Europe gains
2014-01-22 10:31:21 UTC
MUMBAI, India (AP) — Asian and European stock markets mostly posted gains Wednesday led by a surge in Chinese stocks and in anticipation of a raft of British economic data.
The Shanghai Composite jumped 2.2 percent to 2,147.14 after the central bank promised extra liquidity in the financial system the previous day, apparently outwei...
Stocks slip after US hiring report disappoints
2013-10-02 19:14:57 UTC
NEW YORK (AP) — Weak hiring and worries about a protracted government shutdown pushed the U.S. stock market lower Wednesday.
U.S. businesses added 166,000 jobs last month, payroll company ADP said Wednesday, a level consistent with only a modest improvement in hiring. Economists polled by FactSet had forecast 180,000 jobs would be a...
Stocks drop as government heads toward shutdown
2013-09-30 18:56:31 UTC
NEW YORK (AP) — Stocks sank Monday as Wall Street worried that a budget fight in Washington could lead to something much worse for the economy— a failure to raise the nation's borrowing limit.
It has become all but certain that the federal government will partially shut down for the first time in 17 years Tuesday because Congress an...
Stocks fall on third day of government shutdown
2013-10-04 07:41:52 UTC
NEW YORK (AP) — Investors sold stocks across the board Thursday as a U.S. government shutdown dragged into its third day and the nation inched closer to a critical deadline to raise its borrowing limit.
Stocks opened lower and fell steadily throughout the morning.The Dow Jones industrial average slumped nearly 200 points, but later ...
Fairfax reaches tentative deal to buy BlackBerry
2013-09-24 00:12:31 UTC
TORONTO (AP) — BlackBerry's largest shareholder has reached a tentative agreement to pay $4.7 billion for the troubled smartphone maker, even as many investors fret about its potential demise.
BlackBerry Ltd. said Monday that Fairfax Financial Holdings Ltd. has signed a letter of intent that "contemplates" buying the company for $9 ...
Stocks waver a day after record-setting run
2013-09-19 16:18:47 UTC
NEW YORK (AP) — Stocks were mostly lower Thursday, a day after hitting a record high because of a surprise move from the Federal Reserve to keep its economic stimulus in place.
The Standard & Poor's 500 index was down two points, or 0.1 percent, to 1,724. The Dow Jones industrial average slipped 34 points, or 0.2 percent, to 15,642 ...
Dow Jones average has its best week since January
2013-09-14 08:09:18 UTC
NEW YORK (AP) — Stocks rose broadly Friday, giving the Dow Jones industrial average its best week since January.
The market got a lift from two economic reports, one showing that inflation remained tame in August and the other showing that Americans spent more at stores last month.
The Dow rose 75.42 points, or 0.5 percent, to 15...
Stocks higher following retail, inflation reports
2013-09-13 17:58:21 UTC
NEW YORK (AP) — Reports that Americans spent more last month and inflation remained tame gave stocks a lift Friday.
The Dow Jones industrial average added 73 points as of 12:40 p.m. Eastern, or 0.5 percent, to 15,373. The Dow got a lift from Intel. Analysts at Jefferies & Co. said Intel may be able to increase its sales with power-e...
Stocks trade mixed; Apple sinks after iPhone news
2013-09-11 16:53:04 UTC
Stocks were trading mixed on Wednesday as investors became more tentative after several days of gains and waited to see if the confrontation with Syria can be resolved peacefully.
The market is on its longest winning streak since July.
In afternoon trading, the Dow Jones industrial average was up 88 points, or 0.6 percent, at 15,...
Stocks end slightly higher after rally fades
2013-09-04 07:14:58 UTC
NEW YORK (AP) — The stock market rose modestly Tuesday as renewed worries about a U.S.-led attack on Syria dampened an early rally.
Stocks surged in the opening minutes of trading as traders felt that a U.S. attack on Syria wasn't imminent after President Barack Obama announced over the weekend that he would seek congressional appro...
US consumer borrowing up $11.1 billion in April
2013-06-09 04:56:27 UTC
WASHINGTON (AP) — Americans borrowed more in April to attend college and buy cars and were a little less cautious with their credit cards than the previous month.
The Federal Reserve said Friday that consumer borrowing rose $11.1 billion in April from March to a seasonally adjusted $2.82 trillion. That's the 20th straight mont...
BoE keeps interest rates, stimulus program steady
2013-06-06 17:55:50 UTC
LONDON (AP) — The Bank of England has opted not to pump more money into the British economy.
The decision Thursday came after the final Monetary Policy Committee meeting to be chaired by outgoing governor Mervyn King.
The policymakers approved keeping the base interest rate at 0.5 percent and declined to inject more money into ...
FHA reverse mortgage losses may require bailout
2013-06-05 04:18:05 UTC
WASHINGTON (AP) — The Federal Housing Administration may need as much as a $1 billion rescue package before the end of the year to bolster its reserves despite efforts to shore up its finances with higher mortgage insurance premiums, a Senate subcommittee was told Tuesday.
FHA Commissioner Carol Galante said her agency, which in...
Fed policy change fears weigh on markets
2013-05-29 17:19:37 UTC
LONDON (AP) — Worries that the U.S. Federal Reserve will start to rein in its monetary stimulus program weighed on global markets Wednesday, a day after the Dow Jones index struck another record high.
And with the month-end hovering, many investors were looking to book profits following another solid performance across the world...