stock market

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Amazon Deal Sends Grocery Stocks Plunging
Amazon Deal Sends
Grocery Stocks Plunging
MARKETS
Jun 16, 2017 3:16 PM CDT

Amazon Deal Sends Grocery Stocks Plunging

But Dow ends day at a record high close

(Newser) - Amazon's $13.4 billion deal for Whole Foods sent grocery stores, big retailers, and food makers and distributors plunging Friday, the AP reports. It's rare for a single deal to have a big effect on the broader stock market, but Amazon's agreement to buy Whole Foods Market...

Tech Stocks Drag Markets Lower
Tech Stocks Drag
Markets Lower
Jun 15, 2017 3:16 PM CDT

Tech Stocks Drag Markets Lower

Dow ends day down 14

(Newser) - Stocks are ending modestly lower on Wall Street, dragged down by declines in technology and materials companies, the AP reports. Apple and Microsoft each fell about 0.5% Thursday. The technology sector is still far outpacing the rest of the market this year. Retailers also did poorly. Supermarket chain Kroger...

Stocks Drift Mostly Lower; Dow at High
Weak Retail Report
Sends Stocks Mostly Lower
MARKETS
Jun 14, 2017 3:32 PM CDT

Weak Retail Report Sends Stocks Mostly Lower

But the Dow hit another record high

(Newser) - Stocks closed mostly lower on Wall Street after a weak report on retail sales got investors worried about the economy, the AP reports. Small-company stocks fell more than the rest of the market Wednesday. High-dividend sectors like consumer goods makers and utilities gained as investors shifted money into lower-risk investments....

Dow, S&amp;P 500 Close at Record Highs
Dow, S&P 500 Close
at Record Highs
MARKETS
Jun 13, 2017 3:16 PM CDT

Dow, S&P 500 Close at Record Highs

Nasdaq also closes higher

(Newser) - A recovery in technology stocks after a two-day slump sent major US stock indexes to record highs on Wall Street, the AP reports. Facebook rose 1.5% Tuesday, and Alphabet, Google's parent company, rose 0.9%. Tech stocks, which have far outpaced the market this year, slumped on Friday...

Tech Slump Drags Stocks Lower
Tech Slump Drags Stocks Lower
MARKETS
Jun 12, 2017 3:13 PM CDT

Tech Slump Drags Stocks Lower

Dow ends day down 36

(Newser) - Technology stocks continued to slump, pulling the broader market lower, the AP reports. Netflix, Apple, and Amazon all fell sharply on Monday. Tech has been far outpacing the rest of the market this year. Energy and phone companies, which have lagged the market, rose. Verizon climbed 1% and AT&T...

Dow Closes at Record High
Dow Closes at Record High
MARKETS
Jun 9, 2017 3:11 PM CDT

Dow Closes at Record High

But S&P 500, Nasdaq end lower

(Newser) - Technology stocks slumped on Wall Street but energy companies and banks rose sharply, leaving indexes uneven at the close of trading, the AP reports. The Dow Jones industrial average managed to close at another record high Friday, thanks to gains in Goldman Sachs and Chevron, which made up for a...

Meet the Man Who Kills Stock Values for Fun and Profit

If Andrew Left writes about a company, its stock drops 10% on average

(Newser) - Andrew Left made $280,000 in two hours by short-selling stock in a Chinese real estate company, then publishing claims the company was committing accounting fraud. Shortly after the 2016 election, Left issued a series of tweets about a company called Express Scripts, accusing it of inflating drug prices; the...

Banks Lead US Stocks Slightly Higher
Banks Lead US Stocks
Slightly Higher
MARKETS
Jun 8, 2017 3:11 PM CDT

Banks Lead US Stocks Slightly Higher

Dow edges up 8 points

(Newser) - Banks led stocks slightly higher on Wall Street as lawmakers moved to undo stricter regulations placed on banks following the 2008 financial crisis, the AP reports. The Nasdaq closed at another record high Thursday. Utilities and consumer goods companies were among the biggest decliners. Troubled department store operator Nordstrom soared...

Markets End Day Higher
Markets End Day Higher
Jun 7, 2017 3:16 PM CDT

Markets End Day Higher

Dow rises 37 points

(Newser) - US stock indexes closed slightly higher Wednesday as gains in banks were partly outweighed by a slump in energy companies, the AP reports. Technology stocks also rose. Retailer Duluth Holdings slumped after reporting disappointing earnings. Crude oil prices fell sharply following an unexpected buildup in supplies last week. That helped...

Slumping Retailers Lead US Stocks Lower
Slumping Retailers
Lead US Stocks Lower
MARKETS
Jun 6, 2017 3:16 PM CDT

Slumping Retailers Lead US Stocks Lower

Dow ends day down 47

(Newser) - Disappointing results from several retailers led US stock indexes lower on Wall Street, the AP reports. Macy's fell sharply Tuesday after warning that its profit margins could be weaker than the company had forecast earlier. Michael's, Conn's, Casey's General Stores and Fred's also dropped. Banks...

Markets End the Day Lower
Markets End the Day Lower
Jun 5, 2017 3:11 PM CDT

Markets End the Day Lower

Stocks slipped downward from record highs

(Newser) - Stocks are closing slightly lower on Wall Street as the market pulls back from record highs set late last week, the AP reports. Utilities and materials companies posted some of the biggest losses Monday. Paint maker Sherwin-Williams lost 0.9%. Technology companies and banks bucked the downward trend. Google parent...

Stocks Close at Record Highs, but It's Not All Good News

Dollar goes lower, bond yields are at lowest level of year

(Newser) - Stocks are closing at record highs, but a slowdown in hiring last month pushed the dollar lower and sent bond yields to their lowest level of the year, the AP reports. The government said Friday that employers added 138,000 jobs in May. Bond prices rose, sending yields lower. Investors...

Stocks Close at All-Time Highs
Stocks Close at
All-Time Highs
MARKETS
Jun 1, 2017 3:16 PM CDT

Stocks Close at All-Time Highs

Dow ends day up 135

(Newser) - Stocks are closing at record highs as investors are encouraged by the latest sign that the job market is improving, the AP reports. Payroll processor ADP said Thursday that private companies added more jobs last month than investors expected. Banks and health care companies posted big gains. Wells Fargo rose...

Markets Close Lower for 2nd Consecutive Day

Dow ends day down 20

(Newser) - Stocks closed modestly lower on Wall Street for the second day running, led by declines in banks as investors worry how their trading businesses are doing, the AP reports. Top executives from JPMorgan Chase and Bank of America said Wednesday that trading revenues were declining this quarter as markets remain...

Dow Ends Day Down 51
Dow Ends Day Down 51
MARKETS
May 30, 2017 3:16 PM CDT

Dow Ends Day Down 51

S&P 500, Nasdaq also close lower

(Newser) - Major US stock indexes closed lower as a dip in bond yields hurt banks and energy companies fell with the price of oil, the AP reports. US crude futures fell 0.3% to $49.66 a barrel in New York Tuesday. Devon Energy lost 3.7% and Kinder Morgan fell...

Amazon Just Beat Alphabet to Major Milestone

Retail giant's stock slides over $1K mark

(Newser) - Amazon, the e-commerce giant that has changed how much of the world shops for books, toilet paper, and TVs, hit a new milestone on Tuesday as its stock topped $1,000 for the first time. That price puts Amazon's market value at about $478 billion, reports the AP , double...

S&P 500, Nasdaq See Record Closes Again

But Dow edges lower

(Newser) - Major US stock indexes ended the day pretty much where they started as trading was quiet ahead of the Memorial Day holiday, the AP reports. Meager gains by the Standard & Poor's 500 index and the Nasdaq composite were enough to leave both at record highs. Both marked their...

S&P 500, Nasdaq Close at Record Highs

Dow ends day up 70

(Newser) - Stocks indexes closed at record highs on Wall Street again as the market posted its sixth straight gain, its longest winning streak in three months, the AP reports. The Standard & Poor's 500 index and Nasdaq composite closed at all-time highs Thursday. Major retailers posted some of the biggest...

Dow Ends Day Up 74
Dow Ends Day Up 74
May 24, 2017 3:11 PM CDT

Dow Ends Day Up 74

Stocks post fifth straight gain

(Newser) - US stocks are posting their fifth straight gain, setting another record high for the Standard & Poor's 500 index, the AP reports. The slow but steady gains over the past several days were enough to erase most of the losses the market took in a sharp downturn last Wednesday....

Dow Ends Day Up 43
Dow Ends Day Up 43
MARKETS
May 23, 2017 3:16 PM CDT

Dow Ends Day Up 43

Stocks post 4th gain in a row

(Newser) - Stocks clawed back more of the ground they lost last week and posted their fourth gain in a row, the AP reports. Banks and health care stocks rose more than the rest of the market Tuesday. Banks were benefiting from higher bond yields, which allow them to charge higher rates...

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