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Entries in Market (28)

Friday
May042012

Stocks Fall on Jobs Report; Oil Drops, Too

Hemera/Thinkstock(NEW YORK) -- The underwhelming monthly employment report  helped to push the markets down to end the week. With investors concerned about the pace of economic growth in the U.S., the Dow dropped 158 points, the Nasdaq lost 62 and the S&P closed down 21 points Friday.
 
President Obama Friday said the latest jobs data is a good sign for the economy, with unemployment down to 8.1 percent. Still, he adds, there is more to do. Only 115,000 jobs were created last month -- far fewer than the 154,000 added in March.  
 
Meanwhile, it could be a good time to gas up. Oil prices are dropping below $100 a barrel for the first time since February. The price for crude-oil fell 4 percent to $98.49. Analysts say we're in what's known as the "shoulder" season. It's really not winter anywhere in the world, and demand for crude is down.
 
Copyright 2012 ABC News Radio

Monday
Apr232012

Stocks Slide on News from Europe, Low Earnings Reports

Scott Eells/Bloomberg via Getty Images(NEW YORK) -- On Monday, stocks fell on worries about data from Europe showing that debt continues to pile up in countries that use the euro despite severe austerity programs.

The Dow lost 102 points to close at 12,927. The Nasdaq closed down 30 points and the S&P lost nearly 12 points.

Trouble in Europe is having a direct effect on Kellogg and crude oil prices. Kellogg slashed its 2012 forecast on poor sales, while its shares also slid. Crude oil dropped to $103 a barrel.

Meanwhile, Facebook profit slipped Monday amid a decline in income along with an upsurge in spending for market research before the social media company's IPO expected in May.
 
Copyright 2012 ABC News Radio

Thursday
Feb092012

Small Gains for US Stocks

Comstock/Thinkstock(NEW YORK) -- New that more people may be going back to work didn't help the markets much Thursday.
 
The Nasdaq managed to add 11 points, while the Dow and S&P closed up just 7 and 2 points, respectively.
 
In a hopeful sign for job seekers, the number of first time unemployment claims hit a four-year low last week.  Analysts say it's an indication that the job market is beginning to bottom out if it hasn't already. Hiring should pick up at a steady pace in the months to come.
 
Copyright 2012 ABC News Radio

Thursday
Jan262012

Stocks Turn Downward; Home Sales Down

iStockphoto/Thinkstock(NEW YORK) -- Stocks traded in a narrow range Thursday, but near the highest levels since the 2008 financial crisis.
 
The Dow closed down 2 points, while the Nasdaq and S&P gave up gave up 13 and 8 points, respectively.
 
Meanwhile, the National Association of Homebuilders is betting that this year will be better for new home sales than last.  They're sure hoping it won't be worse than 2011.  New home sales dropped 2.5 percent in December, capping off the worst year ever.

Copyright 2012 ABC News Radio

Tuesday
Dec062011

Stocks Close with Moderate Gains Amid European Downgrade Threat

Hemera/Thinkstock(NEW YORK) -- Tuesday trading led to more modest gains for the market after what had been, for the most part, a mixed session.

The Dow closed up 52 points, the Nasdaq lost six and the S&P gained a point Tuesday.

Investors used more caution during Tuesday trading given Standard & Poor's expanded downgrade threat against Europe, which would include the region's bailout fund. The credit rating agency warned this week that it might downgrade 15 countries that use the euro, even Germany, which has a perfect AAA rating and boasts Europe's strongest economy.

Copyright 2011 ABC News Radio

Monday
Oct102011

US Stocks Start the Week with Gains

Comstock Images/Thinkstock(NEW YORK) -- Stocks started the week higher on new hopes to curb Europe's debt crisis. After French and German leaders promised to help strengthen European banks, global stock markets began to pick up. Though no specific information surfaced, investors ran with it, buying bank and energy shares.
 
The Dow gained 330 points, closing the day at 11,433, while the Nasdaq and S&P picked up 87 and 39 points, respectively.
 
Shares of Netflix were up about 3.5 percent in early trading Monday after the online video rental service abandoned its widely criticized plan to separate its DVD-by-mail and Internet streaming services. But stocks began to slide later in the day, closing down 4.8 percent and hitting a new 52-week low. Investors grew uneasy with the company's flip-flopping, according to The Hollywood Reporter.

Apple shares rose after announcing that first-day pre-orders of the iPhone 4S topped one million. This year's record breaks the one set last year with the release of the iPhone 4. The iPhone 4S hits stores this Friday.
 
Copyright 2011 ABC News Radio

Wednesday
Oct052011

Positive Employment Numbers Give Stocks a Boost

Comstock Images/Thinkstock(NEW YORK) -- A positive report on the nation's service sectors kept stocks in the plus column Wednesday.
 
The Dow closed up 131 points, while the Nasdaq and S&P added 56 and 20, respectively.
 
The Institute of Supply Management says the service sector -- employing about 90 percent of the nation's workforce -- grew slowly in September. The report comes ahead of Friday's monthly jobs report.
 
Meanwhile, payroll processor ADP says private companies increased hiring last month. The rise to 90,000, up from 83,000 in August, was better than expected.
 
Copyright 2011 ABC News Radio

Wednesday
Sep212011

Stocks Continue to Slide as Fed Seeks to Boost Economy

Hemera Technologies/Thinkstock(NEW YORK) -- The Fed has a new plan to get the economy moving, but it may have left investors wanting more.
 
The Dow closed down 285 points, the Nasdaq lost 52 and the S&P gave up 35 Wednesday.
 
The Federal Reserve Wednesday announced plans to shift its bond portfolio, boosting its longer-term holdings by $400 billion. The move, which will take place by June 2012, might eventually reduce rates on mortgages or other consumer business loans. But for now, those rates will remain unchanged.

The Fed hopes selling off its shorter-term securities for longer-term holdings will move consumers to spend and invest.

Copyright 2011 ABC News Radio

Tuesday
Sep202011

Stocks Fall As No Aid Decision is Reached for Greece

ANGELOS TZORTZINIS/AFP/Getty Images(NEW YORK) -- The markets were on course to close on the plus side Tuesday until a decision on aid to financially strapped Greece couldn't be reached and stocks tumbled late in the session.
 
The Dow eeked out a slight gain up eight points Tuesday, while the Nasdaq lost 23. The S&P closed down two points.
 
On Tuesday, the Federal Reserve's began a two-day meeting to discuss monetary policy.  Some analysts bet  the meeting will produce an announcement from the central bank of some new stimulus measures.
 
Copyright 2011 ABC News Radio

Monday
Sep192011

The Market Cut Its Losses on European Debt Worries

Hemera Technologies/Thinkstock(NEW YORK) -- Fresh doubts about a bailout package for Greece triggered an early stock slide on the heels of Wall Street's best week in months. By Monday's end, international creditors were still on the fence about emergency funds for Greece, while the U.S. market pared its losses. Investors are still pessimistic about this week's Federal Reserve policy meeting.

The Dow lost 108 points Monday at 11,401, the Nasdaq closed down nine points and the S&P slipped 12 points.

Meanwhile, Netflix shares gained after the video rental service apologized for the way its recent price hike was handled.  The company says it's rebranding its DVD rental service, calling it "Qwikster" and separating it from its streaming video business.

Copyright 2011 ABC News Radio







ABC News Radio