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MARKETS

Jan 4, 2018 3:35 PM CST

Dow Closes Over 25K for 1st Time Ever

Tech stocks continued to do well Thursday

(Newser) - The Dow Jones industrial average closed above 25,000 points for the first time, just five weeks after its first close above 24,000, the AP reports. Technology companies, which put up some of the biggest gains in the last year, continued to outpace the rest of the market Thursday....

That Was Fast: Dow Breaks
25K Mark for First Time

Jan 4, 2018 8:54 AM CST

That Was Fast: Dow Breaks 25K Mark for First Time

If it closes above 25K, it'll be a record

(Newser) - The Dow Jones Industrial Average started the day off with a major new milestone, reports the AP , crossing the 25,000 mark for the first time. Should it close above 25,000 on Thursday, it will mark the quickest 1,000-point gain in the index's history, reports the Wall ...

Tech Gains Power
More US Stock Records

MARKETS

Jan 3, 2018 3:22 PM CST

Tech Gains Power More US Stock Records

Energy and health care stocks also did well

(Newser) - Stocks closed higher Wednesday on Wall Street and pushed major US indexes to more record highs, the AP reports. Technology companies were once again the main driver of the gains. Chipmaker Nvidia rose 6.6% and business software maker Oracle increased 2.3%. Health care and energy stocks also did...

Markets Ring In 2018
by Rising Again

Jan 2, 2018 3:25 PM CST

Markets Ring In 2018 by Rising Again

S&P and Nasdaq set records

(Newser) - Stock indexes closed higher on the first trading day of 2018, led by gains in big technology companies. The gains were enough to set all-time highs for the Standard & Poor's 500 index and the Nasdaq composite. The Dow Jones industrial average increased 104 points, or 0.4%, to...

Stocks Slip on Last
Trading Day of 2017

MARKETS

Dec 29, 2017 3:24 PM CST

Stocks Slip on Last Trading Day of 2017

But Standard & Poor's 500 index closes its best year 4 years

(Newser) - Stocks ended lower on the final trading day of 2017, capping the best year for the Standard & Poor's 500 index in four years, the AP reports. Losses in the technology, financial, and health care sectors outweighed slight gains for consumer products makers Friday. Advanced Micro Devices gave up...

Bank Stocks Offer Slight
Boost to Indexes

Dec 28, 2017 3:31 PM CST

Bank Stocks Offer Slight Boost to Indexes

Dow climbs 63 points

(Newser) - US stock indexes ended slightly higher Thursday in light trading as banks posted more gains. The Dow Jones industrial average climbed 63 points, or 0.3%, to 24,837. The Nasdaq composite rose 10 points, or 0.2%, to 6,950. Meanwhile, the Standard & Poor's 500 index rose...

Markets Tick Upward on Quiet Trading Day

Dow Ekes Out Another Gain

Dec 27, 2017 3:20 PM CST

Dow Ekes Out Another Gain

Rises 28 points on quiet trading day

(Newser) - Stock indexes ended barely higher on Wall Street Wednesday after a day of quiet, post-holiday trading, per the AP . The Dow Jones industrial average climbed 28 points, or 0.1%, to 24,774. The Nasdaq composite rose 3 points, or 0.04%, to 6,939, and the Standard & Poor'...

Slow Trading Day Results
in Minor Market Dips

Dec 26, 2017 3:17 PM CST

Slow Trading Day Results in Minor Market Dips

Dow falls, but only by 7 points

(Newser) - Losses in some big technology stocks led major US indexes mostly lower on Wall Street. Trading was quiet Tuesday as investors returned from the Christmas holiday, per the AP . The Standard & Poor's 500 index slipped 2 points, or 0.1%, to 2,680. The Dow Jones industrials fell...

Stocks Slightly
Lower Ahead of
Christmas Holiday

MARKETS

Dec 22, 2017 3:37 PM CST

Stocks Slightly Lower Ahead of Christmas Holiday

Health care companies and banks fell the most

(Newser) - Stocks closed mostly lower Friday on Wall Street as a subdued week of trading came to a close, the AP reports. Health care companies and banks fell the most. Nike fell 2.3% after reporting disappointing results in its North American business. Trading in bitcoin futures was volatile . Futures dropped...

Energy Stocks, Banks
Lead Indexes Higher

MARKETS

Dec 21, 2017 3:27 PM CST

Energy Stocks, Banks Lead Indexes Higher

Stocks closed higher Thursday, erasing losses from day earlier

(Newser) - Stocks closed broadly higher Thursday on Wall Street, erasing modest losses from a day earlier, the AP reports. Energy stocks and banks accounted for most of the gains. Goldman Sachs gained 2.3% and Chevron climbed 3.3%. Retailers also rose. Technology stocks lagged the most.

Iced Tea Company's
Stock Soars 500%
After Name Change

Dec 21, 2017 1:00 PM CST

Iced Tea Company's Stock Soars 500% After Name Change

Long Island Iced Tea Corp is no more

(Newser) - A New York-based company saw its shares spike nearly 500% in pre-market trading Thursday after announcing its new focus would be exploring and investing in the technology that underpins cryptocurrencies like bitcoin—which wouldn't be so remarkable but for the fact that it previously made a name for itself...

US Stock Indexes
Close Mostly Lower

MARKETS

Dec 20, 2017 3:18 PM CST

US Stock Indexes Close Mostly Lower

Small-company stocks do well after GOP passes its tax plan

(Newser) - Stock indexes closed mostly lower Wednesday on Wall Street after bouncing around for much of the day, the AP reports. Health care companies and banks fell Wednesday. Drugmaker Pfizer fell 1.3%. Small-company stocks, which stand to benefit most from lower corporate tax rates, rose after Congress passed the Republican-sponsored...

Markets Slip Back
From Record Highs

Dec 19, 2017 3:08 PM CST

Markets Slip Back From Record Highs

Dow falls 37 points

(Newser) - Losses for technology companies and banks pulled the stock market slightly below the latest all-time highs it set a day earlier, per the AP . The Standard & Poor's 500 fell 8 points, or 0.3%, to 2,681. The Dow Jones industrials fell 37 points, or 0.2%, to...

Stocks Soar as Tax
Reform Gets Closer

MARKETS

Dec 18, 2017 3:55 PM CST

Stocks Soar as Tax Reform Gets Closer

The markets respond as Republicans prepare to pass their tax plan

(Newser) - Stocks are settling at more record highs as the Republican tax plan works its way through Congress. Banks, retailers, and small-company stocks, which would all reap outsize benefits from corporate tax cuts, rose more than the rest of the market Monday. Wells Fargo rose 1.8% and Home Depot climbed...

Dow Just Recorded
a Major Milestone

Dec 18, 2017 12:12 PM CST

Dow Just Recorded a Major Milestone

Index up 5K points for the year, a first

(Newser) - President Trump will likely be trumpeting this stock market milestone: A Monday morning surge of 200 points put the the Dow Jones industrial average up 5,000 points for the year—a first in its 121-year history, reports CNBC . In fact, the market's previous record for annual point gain...

Stock Indexes Gain as
Tax Plan Advances

MARKETS

Dec 15, 2017 3:21 PM CST

Stock Indexes Gain as Tax Plan Advances

Small-company stocks were big winners Friday

(Newser) - Stocks closed higher Friday on Wall Street as Congressional Republicans put the final touches on a tax overhaul plan, the AP reports. The gains more than wiped out the market's losses from the day before and drove indexes to their latest all-time highs. Small-company stocks, which stand to benefit...

Tax Plan Trouble
Sends Stocks Lower

MARKETS

Dec 14, 2017 3:49 PM CST

Tax Plan Trouble Sends Stocks Lower

And Marco Rubio is to blame

(Newser) - Stocks gave up an early gain and finished lower Thursday as the Republican tax plan hit another snag, the AP reports. Indexes turned lower after Sen. Marco Rubio said he would vote against the bill unless the child tax credit was expanded. Small-company stocks, which stand to benefit the most...

US Indexes Close
Mostly Higher

MARKETS

Dec 13, 2017 3:40 PM CST

US Indexes Close Mostly Higher

But bank stocks pull Standard & Poor's lower

(Newser) - Stocks closed mostly higher Wednesday on Wall Street, but a pullback in bank stocks left the Standard & Poor's 500 index slightly lower, the AP reports. The Dow Jones industrials closed higher Wednesday, driven by a jump in Caterpillar, giving the index another all-time high. Caterpillar climbed 3.6%....

Dow, S&P Rise
to All-Time Highs

Dec 12, 2017 3:20 PM CST

Dow, S&P Rise to All-Time Highs

Meanwhile, Fed expected to raise rates on Wednesday

(Newser) - Big-company stocks notched gains on Wall Street, bringing more records for major indexes, but smaller companies lagged behind. The Standard & Poor's 500 index and the Dow Jones industrial average closed at all-time highs Tuesday, but indexes tracking smaller companies fell, per the AP . The Dow added 118 points,...

S&P and Dow Break
Records Yet Again

MARKETS

Dec 11, 2017 4:05 PM CST

S&P and Dow Break Records Yet Again

Stocks were modestly higher, but enough to break new ground

(Newser) - Stocks ended modestly higher on Wall Street, enough to mark more record highs for two major indexes. Technology stocks drove the gains Monday. Apple gained 1.9% and chipmaker Advanced Micro Devices rose 2.2%. Energy and health care stocks also rose, making up for losses in banks and industrial...