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Stocks moved higher today after the Federal Reserve held true to form and raised interest rates for a fifth time this year. "Output appears to be growing at a moderate pace despite the earlier rise in energy prices, and labor market conditions continue to improve gradually," the Fed said in the stat...
Stronger than expected retail sales data for November and the latest bout of merger fever helped push stocks to strong gains across-the-board today. The Dow was up 95.10 points, or 0.90 percent, to 10,638.32. The Nasdaq moved higher by 20.43 points, or 0.96 percent. The S&P 500 finished up 10.6...
The prospect of inflation spooked investors today, as a report showing a sharp rise in wholesale prices last month caused stocks to end the week with a losing performance. The Producer Price Index (PPI) rose 0.5 percent in November, the Labor Department said, more than expected and the second straig...
U.S. stocks rallied late in the session today as some positive earnings news outweighed a spike in weekly jobless claims and the prospect of tighter oil supplies heading into 2005. The Dow, which was down more than 70 points during the trading session, reversed course in late trading and finished hi...
Stocks rallied today, with all averages finishing in positive territory as the U.S. dollar performed better against overseas currencies for the first time in weeks. The Dow was up 53.65, or 0.51 percent, to 10,494.23. The Nasdaq gained 11.45 points, or 0.54 percent, to close at 2,126.11. The S&P...
As the holiday shopping season begins in earnest, consumers say they're just as willing to buy from small online retailers as they are from large, national e-commerce providers. In addition to this key finding, a new national survey of 2,500 consumers discovered extremely high levels of consumer par...
Stock prices fell sharply today amid a flurry of merger-and-acquisition news and some economic data, but most market watchers said the plunge was driven by profit taking after several strong weeks of gains. The Dow dropped 106.48 points, or 1.01 percent, to 10,440.58. The Nasdaq was the day's bigges...
U.S. stocks ended mixed today as only the tech-heavy Nasdaq managed to make gains in the face of higher crude oil prices and a rash of broker downgrades targeting some high-profile Dow shares. The Dow dropped 45.15 points, or 0.43 percent, to finish at 10,547.06. The Nasdaq gained 3.29 points, or 0....
Stocks managed to end the week on the upside today with indices posting modest gains in spite of a record low for the dollar and lackluster jobs news from the U.S. Labor Department. Investors learned this morning that the unemployment rate declined to a three-month low of 5.4 percent from 5.5 percen...
U.S. stocks staged a powerful rally today as tumbling oil prices cleared the way for a triple-digit gain in the Dow and a nearly 2 percent jump in the Nasdaq, which finished the session at its best levels in 10 months. Stocks opened the month of the December with a surge after a November that went i...
Consumers are increasingly pessimistic about the economy and their own job prospects, according to new data that sent Wall Street lower to close out an otherwise strong month for U.S. stocks. Though the latest consumer confidence report hit stocks, the markets still managed to post their best monthl...
Some spots of weakness in the first few days of the holiday shopping season helped pressure stocks as trading resumed today, though shares bounced off their session lows to finish mixed. The Dow felt the brunt of retail weakness as a disappointing showing by Wal-Mart weighed heavily on the blue chip...
With the latest batch of economic data providing reason for optimism, investors headed into the holiday in a festive mood, with stocks higher across the board today in the last full trading session of the week. Although the Commerce Department reported that durable goods orders fell last month by 0....
Stocks were under pressure most of the trading session today, but managed to claw back to the flat line as a surge in oil prices eased and some individual stocks benefited from some good news. Volume was low once again with just one full trading day left in the week. Markets are closed on Thursday f...
A dip in oil prices put investors in a buying mood today, as stocks regained some of the sharp losses they suffered on Friday. The Dow Jones Industrial Average gained 32.51 points, or 0.31 percent, to close at 10,489.42. The Nasdaq climbed 14.56 points, or 0.70 percent, to finish at 2,085.19 and the...
A report from the Conference Board suggesting that economic growth might be about to slow down heading into 2005 did little to deter stock market investors as all major averages were at least modestly higher today. The Dow Jones Industrial Average gained 22.98 points, or 0.22 percent, to close at 10...
Stocks rose today but finished well below their high levels for the day as the latest bout of merger fever was tempered by inflation fears and a rebound in oil prices. The Dow finished higher by 61.92 points, or 0.59 percent, at 10,549.57. The Nasdaq climbed 21.06, or 1.01 percent, to 2,099.68 and t...
Inflation concerns drove down stock markets today, overshadowing outlooks from major retailers that suggest a strong holiday season is in the offing along with a continuing drop in oil prices. The Labor Department reported early in the day that the Producer Price Index (PPI) rose 1.7 percent last mo...
Stocks were little changed today as investors seemed to be laying low heading into a week that will bring a slew of key earnings reports from retailers and the latest data on inflation. The Dow Jones Industrial Average gained 11.23 points, or 0.11 percent, to 10,550.24. The Nasdaq was also higher, c...
A strong earnings report from computer maker Dell, and additional evidence that the economy is on track, provided the impetus today for more gains on Wall Street to close out the week. The Dow rose 69.17 points, or 0.66 percent, to finish the session and the week at 10,539.01. The Nasdaq again was t...
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