A better-than-expected report on U.S. economic growth late in 2004 spurred stocks to their third straight day of gains, a rally that helped wipe out stiff losses suffered at the start of a holiday-shortened trading week. The Dow today gained 92.81 points, or 0.86 percent, to finish at 10,841.60. The...
Stock markets today rebounded from yesterday's brutal session after a report showed that prices at the consumer level have yet to present any significant signs of inflation. The Dow made back about a third of the losses it suffered yesterday, rising 62.59 points or 0.59 percent, to 10,673.79. Tech s...
A sudden surge in oil prices and a slip in consumer confidence fueled a dramatic sell-off on Wall Street today as investors returning from a long weekend drove the Dow to its worst session in more than five months. The Dow lost 174.02 points, or 1.61 percent, to fall to 10,611.20. The Nasdaq tumbled...
Stocks ended mixed today, capping an up-and-down week as new data that renewed concerns about inflation muted gains in blue chip stocks and kept techs in the red. The Dow finished at 10,785.22, up 30.96 points, or 0.29 percent, for the session. The Dow was down 0.1 percent for the week, ending a thr...
Stocks ended sharply lower today, despite continued good news on the jobs front, as geopolitical concerns prompted some investors to lock in recent gains. The Dow shed 80.62 points, or 0.74 percent, to finish at 10,754.26. The drop came two days after the Dow hit a high for 2005 on Tuesday. On a per...
Stocks held the line today after comments from Federal Reserve Chairman Alan Greenspan that seem to suggest more interest rate hikes are in the offing. Greenspan told Congress that the economy was performing well and that a significant slowdown was unlikely. That, and Greenspan's comments that inter...
Stocks posted solid gains today, shaking off an iffy forecast from Dell, as investors drove the Dow to its third straight week of gains that left the Blue Chip index at its highest levels of 2005. The Dow rose 46.40 points today, or 0.43 percent, to finish at 10,796.01, a gain of 0.7 percent for the...
A decline in the trade deficit, fewer unemployment claims and other news helped lift stocks today, though the Blue Chips of the Dow far outperformed the tech-heavy Nasdaq. The Dow gained 85.50 points, or 0.80 percent, to finish at 10,749.61. The Nasdaq, by comparison, was basically flat, moving high...
A lukewarm outlook from tech bellwether Cisco Systems helped spark selling on Wall Street today. Major averages moved lower after investors digested Cisco's forecast for the current quarter and all of 2005. The Dow lost 60.52 points, or 0.56 percent, to finish at 10,664.11, while the tech-laden Nasd...
Stocks rose today, but the rally was modest as investors waited to see what Cisco Systems would say about the demand for information technology going forward after the markets closed. Cisco reported earnings for its second quarter, matching forecasts on the profit side with US$1.4 billion in net ear...
Stocks meandered from opening to closing bell today without much conviction, with major averages closing lower but all finishing within 5 points of where they started. Market watchers said the vacuum created by last week's hectic pace, when unemployment data, a Fed rate hike and the State of the Uni...
Stocks snapped a three-day winning today as a disappointing earnings report from Amazon.com and mixed messages from the latest batch of economic data drove shares lower. The Dow dropped 3.69 points, or 0.03 percent, to 10,593. The Nasdaq lost 17.42 points, or 0.84 percent, to 2,057.64. The S&P ...
Stocks ended their winning streak to three sessions today as the Federal Reserve held true to recent form and raised interest rates another quarter point and after Google and Boeing turned in strong earnings reports. The Federal Open Market committee did exactly as expected and boosted the overnight...
The latest round of mega-mergers fed buying on Wall Street today, driving stocks higher to close out what was otherwise a month many investors would just as soon forget. Markets were moderately higher for the session on recent M&A activity. Also, some good economic data on personal incomes was a...
U.S. stocks lost ground today, with all major indices posting losses for the session despite uplifting merger news from consumer products giants Gillette and Procter & Gamble and positive reports from significant tech and aerospace players including Boeing, Honeywell and Microsoft. The Dow Jones...
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