Tag Archives: Wrap

Market Wrap: S&P 500 Scores Best Week in Nearly a Year

Filed under: Market News, Federal Reserve, Consumer Goods, Healthcare Industry, Interest Rates Richard Drew/AP By Noel Randewich NEW YORK — Wall Street racked up a solid week Friday, with health care, technology and consumer stocks making gains and investors looking beyond a widely expected December interest rate hike. The S&P 500 ended its strongest week in almost a year, while ...

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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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Market Wrap: Wall Street Rises, Registers 3rd Week of Gains

Filed under: General Electric, Earnings, Market News, Economic Indicators, Federal Reserve Richard Drew/AP By Caroline Valetkevitch NEW YORK — U.S. stocks ended higher Friday, notching a third week of gains, lifted by a jump in General Electric shares and upbeat consumer sentiment data. The S&P 500’s three weeks of gains marked its longest winning streak since May, extending a rebound ...

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Market Wrap: Cheaper Oil, Stronger Dollar Hurt Wall Street

Filed under: Market News Gerald Herbert/AP By Ken Sweet The stock market was hit hard Friday, capping a third week of declines, as investors reacted to a steep drop in oil prices and a jump in the value of the dollar. Utilities, major exporters and companies that make basic materials like steel had the biggest declines. The sell-off came at ...

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Market Wrap: Stronger Dollar Sends Stocks Down a Bit

Filed under: Market News Richard Drew/APTraders gather Wednesday at the New York Stock Exchange post for MasterCard. By Caroline Valetkevitch NEW YORK — U.S. stocks ended lower for a second session on Wednesday as worries increased about the timing of a Federal Reserve interest rate hike and dollar strength further dampened the outlook for U.S. earnings. The move followed the ...

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Market Wrap: S&P Sets Record, Nasdaq Hits 15-Year High

Filed under: Energy, Market News, European Union, Oil & Gas Industry Richard Drew/AP By Sinead Carew NEW YORK — The S&P 500 index closed at a record high Friday, as energy shares gained with oil prices, while the Nasdaq composite index hit a 15-year high helped by technology stocks. Equities rallied this week after a ceasefire agreement between Ukraine and ...

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Market Wrap: Stocks Climb on Energy Rebound, Pfizer Deal

Filed under: Energy, Market News, Mergers & Acquisitions, European Union, Oil & Gas Industry Nomi Ellenson/Getty ImagesVince Holding (VNCE) celebrates Fashion Week by ringing the opening bell Thursday at the New York Stock Exchange. U.S. stocks climbed Thursday as energy shares bounced with oil prices, while news Pfizer would buy Hospira in a massive deal further boosted the market. The ...

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Market Wrap: U.S. Stocks Slide on Global Growth Concerns

Filed under: Market News, Global Economy, World Markets, Investing AP/Paul SancyaChevrolet Volts on the assembly line at a General Motors plant in Hamtramck, Michigan. GM’s stock sank Tuesday; analysts predict its earnings will suffer as it invests heavily in production. By STEVE ROTHWELL NEW YORK — The prospects of weakening global growth weighed on the stock market Tuesday. U.S. growth ...

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Market Wrap: Stocks Edge Lower; H&R Block Slides

Filed under: Market News, Mergers & Acquisitions, Investing Scott Eells/Bloomberg via Getty Images By STEVE ROTHWELL NEW YORK — Some encouraging corporate news failed to give the broader stock market a boost on Monday, and stocks edged lower as investors waited for news on the outlook for the Federal Reserve’s interest rate policy. Hewlett-Packard (HPQ) jumped after announcing that it ...

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Market Wrap: Jobs Report Boosts Stocks, Dollar

Filed under: Market News Patrick T. Fallon/Bloomberg/Getty Images By BERNARD CONDON Investors think the U.S. economy is at a perfect temperature for stocks: not too hot, not too cold. The latest evidence came Friday in a jobs report that showed a pickup in hiring last month that could mean more people with paychecks, more spending and higher corporate profits. But ...

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