S&P 500, Dow Erase Early-Year Losses
U.S. stocks rose, with the Standard & Poor’s 500 index turning positive for 2016 in the wake of a dovish Federal Reserve that helped the gauge post its longest weekly winning streak since November. The equity benchmark joined the Dow Jones Industrial Average to advance for the year, staging one of the biggest turnarounds in history. The Dow surged 12 percent in 24 days through Thursday, boosted by seven separate daily advances...
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 Finish Worst Year Since Recession
U.S. stock markets had their worst year since 2008. Equities finished the volatile year slightly lower than where they started, reducing expectations for 2016. The Dow Jones industrial average ended the year down 2.2 percent and the Standard & Poor’s 500-stock index fell 0.7 percent. It marked the first year of losses for the Dow since 2008. The tech-heavy Nasdaq was the only major U.S. index to rise, gaining 5.7 percent. But...
Dow’s Survivor CEO Closes on Elusive Deal
There was the ill-timed merger that nearly sank Dow Chemical Co. with too much debt. Before that there was the time two trusted lieutenants plotted in secret to sell the company. And more recently, there was unwanted attention from a notorious Wall Street activist. Yet despite the tribulations faced by Dow over the past decade, its chief executive officer, Andrew Liveris, has survived to close the deal that had eluded him for almost a...
Chemical Giants in Mega Merger
Two of corporate America’s oldest institutions, chemical giants Dow Chemical and DuPont, will merge into a $130 billion behemoth — and then split again into three companies — in one of the largest megadeals of the year, the companies said Friday. Since their founding in the 19th century, both companies have invented and sold some of the most transformative discoveries in modern chemistry, changing how our homes are built and painted...
