Author: Ken Sweet
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Anticipation of earnings reports puts a damper on stock market
NEW YORK – After pushing stocks to records last week, investors turned cautious on Monday ahead of a batch of corporate earnings reports. The Dow Jones industrial average ended almost 50 points lower after closing above 17,000 for the first time last week. Investors moved money into stocks traditionally thought of as safer than the…
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Disappointing economic reports fail to keep stock market down
NEW YORK – The U.S. stock market inched modestly higher Wednesday, recovering more than half of what it lost the day before, as investors were able to set aside two disappointing economic reports. CBS and other broadcasters rose after the Supreme Court ruled in favor of them over a startup Internet company in a closely…
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Blue-chip stocks lead market to biggest decline in 2 weeks
NEW YORK – The stock market had its biggest decline in two weeks Tuesday, led by a sell-off in blue-chip bank and energy stocks. Homebuilders rose after the government reported sales of new homes rose in May to the highest level in six years. The late-afternoon selling came during a relatively quiet week for Wall…
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U.S. stocks edge higher; S&P hits another record
NEW YORK – Stocks rose modestly Wednesday, erasing an early decline, as investors waited to hear from the European Central Bank on Thursday. Insurer Protective Life soared on news that it was being acquired by a Japanese company. The Dow Jones industrial average rose 15.19 points, or 0.1 percent, to 16,737.53. The Standard & Poor’s…
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Stocks retreat from record highs
NEW YORK – The stock market fell slightly Tuesday, pulling back from record highs the day before. Hillshire Brands jumped as a bidding war for the company heated up, while Krispy Kreme Doughnuts plunged after issuing a disappointing forecast. The Dow Jones industrial average dropped 21.29 points, or 0.1 percent, to 16,722.34. The Standard &…
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Huge correction in economic report sends stocks higher
NEW YORK – Stocks closed mostly higher on a quiet Monday following two reports that showed the manufacturing industries of the world’s two largest economies expanded last month. Both the Dow Jones industrial average and the Standard & Poor’s 500 index were able to set record highs for a second trading day in a row.…
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Wal-Mart’s earnings report contributes to down day on Wall Street
NEW YORK – Investors retreated from stocks Thursday, leading the Dow Jones industrial average to its worst day in five weeks, after disappointing earnings from Wal-Mart and mixed news about the global economy. Financial markets reflected broader investor jitters: government bonds rose, small-company stocks continued to plunge, and safe, slower-growth industries fared the best. The…
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Stocks higher amid choppy market
NEW YORK – It was a choppy ride for the stock market on Monday that ended with major U.S. indexes closing mostly higher. Traders were pulled in multiple directions. Stocks opened higher, fell in the afternoon, and then rose again in the last hour of trading. Bank stocks fell after Bank of America said a…
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Amazon, Ford results send stocks lower
NEW YORK – The stock market fell sharply Friday, dragged down by disappointing quarterly results from Amazon and Ford. Escalating tensions between the U.S. and Russia over Ukraine also weighed on the market. Worried investors sold their risky assets and moved into the traditional safe havens: bonds, gold and stocks that pay high dividends like…
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Markets mostly gain on good earnings news
NEW YORK – The stock market closed mostly higher Thursday, helped by positive earnings out of several large U.S. companies including Apple and construction equipment maker Caterpillar. The markets gains were modest, however, as investors turned their eyes back to Russia and Ukraine, where geopolitical tensions were heating up once again. Some earnings reports, such…