Tag Archives: Surge

Market Wrap: S&P 500 Erases 2015 Loss as Tech Stocks Surge

Filed under: Technology, Microsoft, Market News, Healthcare Industry, NASDAQ Richard Drew/AP By Caroline Valetkevitch NEW YORK – A tech share rally drove U.S. stocks up sharply for a second day Friday as earnings from companies including Microsoft beat analyst expectations, while health care shares rebounded from recent losses. The gains left the S&P 500 in positive territory for the year ...

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Gas Prices Surge but Still Way Lower Than Last Year

Filed under: Energy, Personal Finance, Travel, Gas Prices, Economy Wilfredo Lee/AP By Jennifer Saba The average price of regular grade gasoline rose 21 cents in the past two weeks, bringing it to $ 2.54 a gallon, according to the Lundberg survey released Sunday. Prices bottomed out on Jan. 23. However, the price for gasoline is still lower by 97 cents ...

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Jobless Claims Continue to Fall; Wholesale Stockpiles Surge

Filed under: Economic Indicators, GDP, Unemployment, Manufacturing, Investing Spencer Platt/Getty Images By Jason Lange WASHINGTON — The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market. Initial claims for state unemployment benefits dropped 1,000 to a seasonally ...

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New Home Sales Surge in October as Supply Dwindles

Filed under: Mortgages, Real Estate, Housing Market, Home Buying, Economy Chuck Burton/AP By Lucia Mutikani WASHINGTON — Sales of new U.S. single-family homes recorded their biggest increase in nearly 33½ years in October, suggesting the housing market recovery remains intact despite higher mortgage rates. The Commerce Department said Wednesday sales jumped 25.4 percent to a seasonally adjusted annual rate of ...

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