Stocks Lose Ground As Jobs Report Disappoints Market
New York — Stocks posted steep losses Friday, ending the week with broad declines, as investors fretted over a report showing that U.S. job creation slowed last month. Technology stocks fell especially hard, and shares of LinkedIn had their worst day in history. Energy and consumer discretionary stocks fell as oil prices declined and investors continued to worry that the risk of the U.S. economy slipping into recession, while low, is...
Stocks Soar to Finish A Tough Month
New York — Stocks soared on the last trading day of January, with Microsoft, Visa and other tech stocks making the biggest gains in a broad market rally Friday. Indexes rose throughout the day and finished with their biggest gains in about five months. Asian stocks jumped after the Bank of Japan moved to stimulate the economy, and European markets also rose. In the U.S., tech stocks climbed following strong quarterly results from...
Stock Market Slides Again for Its Worst Two-Week Start Ever
Never before has Wall Street gotten off to a worse start to a year. The stock market capped the first two weeks of 2016 with a steep slide Friday that sent the Dow Jones industrial average down nearly 400 points. All three major stock indexes — the Dow, the Nasdaq composite and the Standard & Poor’s 500 — are now in what’s known as a correction, or a drop of 10 percent or more from their recent peaks. The market has been on a...
Stocks March Higher
New York (ap) — The stock market closed out its best week of the year Friday as big gains by retailers and technology companies pushed major indexes upward. Stocks faded as Friday wore on, but they still finished higher. The S&P 500 index climbed almost 3.3 percent for the week. By just a hair, that was its biggest weekly gain in 2015. Stocks climbed Monday and Wednesday as the U.S. market didn’t seem to be affected by a string...
Tech Leads Rally; S&P 500 Is Positive
New York — U.S. stocks closed higher on Friday, delivering their second gain in two days and pushing the Standard & Poor’s 500 index back into positive territory for the year. Strong quarterly earnings from several big-name technology companies helped rally the market, which has been gradually regaining ground following a swoon in August and September. Microsoft vaulted to a 15-year high, while Amazon and Google’s parent company,...
