U.S. stocks attempted a massive comeback on Wednesday as oil prices recovered. West Texas Intermediate gained about 8 percent higher in choppy trade after the Energy Information Administration said U.S. inventories rose by 7.8 million barrels last week. Crude prices briefly erased gains following the data release, but surged on a weaker dollar. The dollar…
Mon, Feb 01, 2016 U.S. stocks closed narrowly mixed Monday, stabilizing on the first trading day of February, despite declines in oil prices and soft China manufacturing data. The Nasdaq composite closed higher as Facebook extended recent gains and shares of Alphabet rose ahead of its earnings report, due after the close. Hopes of more…
Technology | Fri Jan 29, 2016 1:02am EST Amazon.com Inc posted its most profitable quarter ever on Thursday but the world’s No. 1 online retailer still managed to disappoint Wall Street by badly missing estimates, sending its shares down more than 13 percent in after-hours trading. The results, as well as the company’s determination to…
Markets | Wed Jan 27, 2016 2:32pm EST The Federal Reserve kept interest rates unchanged on Wednesday and said it was “closely monitoring” global economic and financial developments, but maintained an otherwise upbeat view of the U.S. economy. The central bank’s decision was widely expected after a month-long plunge in U.S. and world equities raised…
Business | Wed Jan 27, 2016 2:37pm EST Wall Street erased gains and fell on Wednesday after the U.S. Federal Reserve failed to satisfy investors hoping for a stronger sign it might scale back future interest rate hikes. In a widely expected decision, the Fed kept interest rates unchanged and it said it was “closely…
Adam Sarhan CNBC quote: Dow, S&P turn positive as oil rises; Street awaits Fed statement
BY ABHIRAM NANDAKUMAR Markets | Mon Jan 25, 2016 9:49am EST U.S. stock indexes were lower on Monday morning, led by materials and energy stocks, after last week’s rally in oil prices fizzled out. Crude prices resumed their slide, after a strong two-day run, as a record output from Iraq flooded a heavily oversupplied market….
The major indexes nearly reached bear territory before soaring. By: VITO J. RACANELLI January 23, 2016 Stocks finished more than 1% higher last week, but not before investors were treated to the market’s version of the Coney Island Cyclone, a ride equal parts thrilling and frightening. The scary nadir was reached Wednesday, when the two major…
Published: Jan 22, 2016 5:13 p.m. They’ll be crystal clear only in hindsight. After getting off to the worst start to a new calendar year in history, U.S. stocks on Friday finally posted the first winning week of 2016. So did stocks bottom or is this just a bounce within a bigger pullback that could…
ON 01/15/16 AT 9:42 AM BY ANGELO YOUNG This story was updated at 11:00 a.m. EST. U.S. stocks opened sharply lower Friday in a rocky final trading session of the week as both Chinese stocks and oil prices plunged, heightening concerns that a global recession is underway that could spill into the U.S. economy. U.S….