Author: Alex Veiga
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Lack of news leaves stocks little changed
Without any big economic news or blowout company earnings to respond to, investors found little to get excited about Tuesday and sent the stock market lower for the second day in a row. A few companies grabbed headlines for posting poor quarterly results or consummating long-running merger talks Tuesday. But the broader market barely budged…
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China growth worries send stocks lower
Stocks drifted to a slightly lower finish Monday as investors sifted through a blend of discouraging economic data from China and Japan as well as ongoing uncertainty over Russia’s incursion into Ukraine. Major market indexes pared their losses as the day drew to a close, aided by some high-flying stocks, including Alexion Pharmaceuticals, Chiquita Brands…
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Weak jobs report fails to block Wall Street rally
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…
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Stock market finally gives investors reason to cheer as indexes rise
After a rocky start to the week, U.S. stocks roared back on Thursday, giving major stock indexes their biggest gain of the year. The Dow Jones industrial average and the S&P 500 index each closed up 1.2 percent, their largest single-day increase since Dec. 18. The rally helped the market rebound a day after a…
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Market losses continue, but slide slows
Wall Street took a step backward Wednesday. Then a tiny step forward. Then back. The tentative dance amounted to little change for major U.S. stock indexes, which ended the day just below their prior day’s levels. For the week, stocks remained down, extending the sharp downturn for the year. “We’re seeing some buyers coming in…
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Monday’s big drop on Wall Street followed by small gains on Tuesday
Investors went hunting for bargains a day after U.S. stocks racked up the biggest losses in more than seven months. The buying helped lift major stock indexes out of the red on Tuesday. Prices of U.S. government bonds fell. The mini-rebound seemed fragile at times, with the market giving up some of its earlier gains…
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Just a correction? Dow plummets 326 points
U.S. stocks tumbled on Monday, pushing the Dow Jones industrial average down more than 320 points after reports of sluggish U.S growth added to investor worries about the global economy. The slump follows the Dow’s worst January performance since 2009. The market stumbled from the get-go, with U.S. markets opening lower after declines in European…
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Low home prices lead to uptick in west
LOS ANGELES • Home sales in the Western region of the country posted a 9 percent annual increase in May as homebuyers jumped on low interest rates and falling prices, according to two reports released Tuesday. Foreclosures and other distressed sales continued to drag down the median home sales price in the West. It tumbled…
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Deal might hinge on Countrywide report
Phillip Elson, right, for years thought his brother’s ashes were spread atop Pikes Peak. He later found out that Neva Nolan of the Nolan Funeral Home had put them in a storage shed. Former clients of the funeral home were in the courthouse Friday. Photo by (CAROL LAWRENCE, THE GAZETTE)
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Countrywide upbeat despite loss
Lili Skinner and Elmer Gerardo had a quick conversation at a speed-dating event at Colorado Springs Senior Center this month. Skinner hoped to find someone to go dancing with. Other daters’ motives for showing up included friendship and sex. Photo by (JERILEE BENNETT, THE GAZETTE)