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Entries in Closing Stocks (7)

Friday
Mar012013

Stocks Gain This Week Despite Impasse over Government Spending Cuts

Comstock/Thinkstock(NEW YORK) -- Stocks called it a week with a gain, despite the continuing impasse over government spending cuts.

The Dow overcame a triple-digit deficit to close up 35 points at 14,090. The Nasdaq added 10 points and the S&P gained 4.

Two airlines were among the stocks that really took off Friday, with Delta and United-Continental hitting all time highs.

In spite of tax increases and soaring gas prices, Americans bought a lot of cars last month. General Motors, Ford and other automakers posted strong sales gains in February—at least 7 percent in most cases. The one exception was Nissan, down 7 percent from a February 2012 record.

Copyright 2013 ABC News Radio

Wednesday
Oct242012

Stocks Decline in Late Trading 

Hemera/Thinkstock(NEW YORK) -- U.S. markets ended the day slightly lower Wednesday.  The Dow was down 25 points, or 0.19 percent, closing at 13,077.

The Nasdaq and S&P also saw losses, closing down nine points and 4 points, respectively.
 
There was no major news for the markets to react to Wednesday. The indexes spent most of the session on the rise before taking a modest dip as they headed for the closing bell.

Relatively good news about China manufacturing and a positive earnings report from Boeing seemed to keep the market from another sharp slide.  HSBC China Manufacturing Purchasing Managers Index advanced to a three-month high of 49.1 from 47.9 in September, The Wall Street Journal reports.
 
AT&T was one of the companies that contributed to the slide after reporting lackluster earnings; the company stock was down 0.8 percent.
 
Facebook had its best day as a public company -- the stock was up more than 19 percent after better-than-expected earnings.

Copyright 2012 ABC News Radio

Tuesday
Aug212012

Dow Closes Lower; Best Buy Sales Hurt Stock

Hemera/Thinkstock(NEW YORK) -- Stocks finished the day lower after posting early gains Tuesday.  The markets fell off for the second day in a row with the Dow seeing its largest decline in nearly three weeks, the Wall Street Journal reports.
 
The Dow closed down 68 points, closing at 13,203. The Nasdaq lost nine points to end the session at 3,067. The S&P gave up five points at 1,413.
 
Best Buy's shares fell Tuesday after reporting more bad news.  The nation's largest consumer electronics retailer withdrew its full-year earnings guidance after reporting a 90-percent drop in net income in the second quarter. The stock, which had been off about ten percent, is now down less than a point.
 
Copyright 2012 ABC News Radio

Wednesday
Jun202012

Stocks End the Day Flat

Hemera/Thinkstock(NEW YORK) -- Stock prices dropped after a bleak forecast on the economy from the head of the Fed, but recovered a bit to end the session.

While the Dow closed down 13 points and the S&P lost two points, the Nasdaq gained a fraction.

Federal Reserve Chairman Benjamin Bernanke says the economy's not growing as fast as the Central Bank would like to see.  For now, it'll continue its program aimed at keeping interest rates low with the hope of encouraging more borrowing and spending.

Bernanke complains that hiring is still sluggish.  A newly released survey shows that could be the case for a while.  The Business Roundtable says 36 percent of CEOs plan to add workers over the next six months. That's down from 42 percent when the survey was last taken three months ago.

Copyright 2012 ABC News Radio

Monday
Feb062012

US Stocks Lower at Close; Oil Futures Down

Hemera/Thinkstock(NEW YORK) -- Stocks start the week in negative territory with the Dow closing down 17, the S&P off less than a point and a four-point loss for the Nasdaq.

Though oil futures were down nearly $1 -- closing at just under $97 a barrel -- gasoline prices are going up. Gas has gone up 19 cents in the past four weeks to $3.48, and higher-than-usual increases could be seen as the peak demand seasons approach.
 
Copyright 2012 ABC News Radio

Monday
Oct172011

Stocks Experience Biggest Drop in Two Weeks

Comstock/Thinkstock(NEW YORK) – The stock market was coming off its best week in more than two years, but U.S. stocks experienced their biggest drop in two weeks as investors give up on the notion of a quick solution to Europe’s debt crisis.

The Dow Jones Industrial Average lost 247.49 points, or 2.13%, to 11397.00, closing near the session's lows and wiping out all of Friday's gains. The Standard & Poor's 500-stock index lost 23.72 points, or 1.94%, to 1200.86 and the S&P lost 24 points, to 1200.86.

Citigroup says earnings rose 74% in its latest quarter on lower losses from bad loads. Wells Fargo posted lower than expected revenue for the third quarter, while profit jumped 21 percent as deposits grew.

Factory output rose for a third straight month in September, a sign the economy is growing slowly as plants made more planes, trucks and homes electronics to meet rising demand.

Copyright 2011 ABC News Radio

Thursday
Sep222011

Stocks Plunge on Jobs, Gloomy Fed Statement

ABC News(NEW YORK) -- The U.S. stock market plummeted after a rocky of day of trading on Thursday.

The Dow Jones industrial average fell 391.01 points, or 3.51 percent, closing at 10,733.83. The NASDAQ ended the day down 3.25 percent at 2,455.67.

Early in the day the Dow was down more than 500 points. U.S stock markets started a sell-off Wednesday after the Fed announced its latest effort to boost the economy but also said that there are "significant downside risks" to the global economy. Things went from bad to worse as global stock markets followed the negative trend that then continued in trading in New York on Thursday.

Thursday was the biggest one-day point and percentage drop on the Dow since Aug. 10, 2011. It was also the biggest two-day point drop on the Dow since November 2008, when the economy was in the depths of the recession.

Investors are clearly panicking about the threat of another recession in the U.S. and Europe.

European leaders cannot seem to come up with a bold consensus to deal with the crisis in their economies, while there was yet another example of the bickering in Washington as GOP leaders failed to pass a stop-gap bill in Congress.

The Labor Department announced earlier in the day that applications for unemployment claims fell 9,000 last week to 423,000, higher than the 420,000 claims economists expected.

Copyright 2011 ABC News Radio







ABC News Radio