U.S. stocks closed mostly lower on Wednesday as investors digested remarks from Fed Chair Janet Yellen, as well another choppy trading in oil. “It’s a lack of bullish impetus,” said Adam Sarhan, CEO of Sarhan Capital. “Anytime you see the market trying to rally, you get strong selling pressure.” Leading the three major indexes was…
Wednesday 02.10.16 U.S. stocks traded mostly higher on Wednesday as investors digested remarks from Fed Chair Janet Yellen, as well another choppy trading in oil. Yellen delivered her remarks to Congress at 10 a.m. ET, in which she notes that, if the U.S. economy were to disappoint, the Fed would have to reconsider its rate…
Tuesday, Feb 9, 2016 10:35 am U.S. equities traded mostly higher on Tuesday as U.S. oil prices reversed and investors looked ahead to Fed Chair Janet Yellen’s testimony. “There’es a real likelihood that she comes out and acknowledges the weakness in the economy here and overseas,” said Robert Pavlik, chief market strategist at Boston Private…
Monday, February 8, 2016 U.S. stocks fell sharply on Monday as global growth concerns weighed on investors. Gold futures for April delivery surged 3.2 percent — or $37.60 — to trade at $1,195.30 an ounce, and hit their highest level since June. “The gold trade is signaling a retreat in global inflation,” said Mark Luschini,…
Technology | Mon Feb 8, 2016 11:36am EST Shares of companies offering data analytics and cloud services, including Tableau Software Inc, fell sharply again on Monday amid worries that their customers were cutting spending. Tableau shares fell another 10 percent to $37.28. The stock lost half its market value on Friday after it cut its…
Joe Deaux JoeDeaux February 3, 2016 — 5:13 PM ESTUpdated on February 4, 2016 — 10:38 AM EST Share on FacebookShare on Twitter Mint spent 1.43 cents to make each coin last year, down 14% The last time a penny cost 1 cent to make was 11 years ago A penny just got a…
Jill Malandrino February 05, 2016 3:39 PM NEW YORK—The first trading week of February 2016 saw more volatility on U.S. markets due to continued weakness in crude oil and massive moves in the U.S. dollar and global currencies. Just in the last five trading sessions, the S&P 500 has traded in nearly a 100-point range….
Friday 2.5.16 U.S. equities fell on Friday as mixed U.S. employment data raised concerns that the Federal Reserve may raise rates this year. The U.S. economy added 151,000 jobs in January, the Bureau of Labor Statistics said Friday. Economists were expecting a gain of 190,000. The unemployment rate, however, fell to 4.9 percent from 5.0…
ON 02/04/16 AT 4:52 PM SAN FRANCISCO — LinkedIn shares plummeted more than 25 percent in after-hours trading Thursday following the release of the company’s fourth-quarter earnings, in which the professional networking site outlined a worse-than-expected forecast entering 2016 and reported net income down from a year prior due to growing expenses. The Mountain View, California, company posted revenue of…
Markets | Thu Feb 4, 2016 3:32pm EST The S&P 500 and Nasdaq edged lower in choppy trading Thursday after disappointing forecasts from retailers and as investors braced for Friday’s monthly jobs report. Consumer-related shares were among the biggest losers in the S&P 500 after Ralph Lauren (RL.N) and Kohl’s (KSS.N) retailers warned of a…