Stocks Edge Lower as Investors Reassess Fed Fears
Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower.
Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower.
The Dow Jones industrial average is punching through another milestone: its first close above 15,000. The Dow rose 87 points to 15,056 points Tuesday, a gain of 0.6 percent.
The Dow and S&P 500 advanced to all-time closing highs on Friday, with major indexes jumping 1 percent after an unexpectedly strong April jobs report.
The engines driving the stock market were more tepid than turbocharged Thursday, but they were enough to help stocks rise for a fifth straight day.
The stock market briefly dropped, then recovered, after the Associated Press' Twitter account was hacked and a fake tweet about an attack on the White House was posted.
Caterpillar's profit and sales came in short of expectations. It also forecast that sales for the full year will be below target, because of slow growth in the world economy.
A market run-up was interrupted Monday when stocks had their biggest decline since November. Worries about an economic slowdown in China led to a drop in commodity prices.
The stock market had its worst drop this year as prices for oil and other commodities fell sharply on concerns about slowing growth in China.
Rite Aid, Ross Stores and other retailers surged Thursday after turning in better sales, and major stock market indexes rose for a fourth day straight.
It’s happened in each of the past three years, and a growing number of market watchers say it’s likely to happen again: The market could be due for a spring pullback.
Stocks fell on Monday on renewed concerns about Cyprus and the euro zone, which wiped away earlier gains that drove the S&P 500 to less than a point away from its record close.
U.S. stocks fell Friday, ending the longest winning streak for the Dow Jones industrial average in nearly 17 years.
Wall Street rose modestly on Monday, lifting the Dow to another record and giving the S&P 500 its seventh straight advance as early weakness enticed buyers. The gains briefly lifted the benchmark S&P 500 index to its highest intraday level since October 2007.
A burst of hiring in February pushed stocks higher on Wall Street. The Dow Jones industrial average gained 67.58 points, or 0.5 percent, to 14,397.07, surpassing its previous record close Tuesday and logged a sixth straight increase Friday.
U.S. stocks closed modestly higher on Thursday, with the Dow ending at a record for a third straight day as jobless claims data pointed to a pick-up in the labor market's recovery a day before the closely watched payrolls report.
The past 36 hours should have been a moment of unbridled celebration for cheerleaders of American capitalism, as the Dow Jones Industrial Average had two successive record-breaking closes, and Hugo Chávez died after a two-year illness.
Stock futures are rising ahead of new jobs and manufacturing data expected to show that companies continue to bring more workers on board and businesses are ramping up factory orders to meet demand.
The Dow is closing at a record, beating the previous high it set in October 2007, before the financial crisis and the Great Recession. The Dow Jones industrial average rose 126 points, or 1 percent, to 14,253 Tuesday, beating its previous record by 89 points.
World stock markets rose Tuesday as investors applauded China's pledge to stick to economic growth targets for its economy, the world's second largest. Outgoing Premier Wen Jiabao said the government would spend what it needs to meet the target of 7.5 percent enshrined in the latest five-year development plan.
A federal jury on Thursday found sports programmer ESPN liable for only one breach-of-contract claim made by Dish Network Corp and awarded Dish $4.86 million, a mere fraction of the more than $152 million it had sought.
A rally is losing steam on Wall Street as indexes inch higher following two days of triple-digit gains.The Dow Jones industrial average was up 16 points at 14,091 at midday. It's just 73 points below the record high it reached in October 2007.
Stocks are closing sharply higher for a second day as evidence mounts that the housing market is making a comeback. The Dow Jones industrial average jumped 175 points to 14,075, its highest close of the year. It's up nearly 300 points over the past two days, putting it within 100 points of its record high reached in October 2007.
Stocks are edging higher in early trading on Wall Street after a report showed that the U.S. trade deficit narrowed sharply in December, to $38.6 billion -- the smallest it's been in nearly three years.
The Dow stock market index closed above 14,000 for the first time since before the financial crisis rocked the world economy. Propelled by strong auto sales and optimism about U.S. jobs, the Dow Jones industrial average crossed the line early Friday and continued flirting with the mark all day.
Evidence that the U.S. economic recovery is firmly on track drove markets higher on Friday, adding to the cheer from good economic indicators out of Europe. The Dow traded momentarily above 14,000 for the first time since October 2007.
U.S. stocks are flirting with all-time highs, climbing to heights not seen since before the financial crisis. Both the Dow and the S&P 500 have risen to their highest levels since October 2007. But stock prices cannot go up forever, and some analysts warn that the bull market is nearing an end, just as investors are returning.
Pfizer helped keep the stock market rally alive Tuesday. The drugmaker's stock gained after posting strong earnings, pushing the Dow closer to 14,000. The Standard and Poor's 500 also rose, adding eight points to 1,507.84 points. The Nasdaq composite dropped less than a point to 3,153.66.
Microsoft quarterly profit edged lower as Office software sales slowed ahead of a new launch, offsetting a solid but unspectacular start for its Windows 8 operating system and sending the company's shares down 1.4 percent.
Strong earnings from tech giants nudged the stock market to a five-year high Wednesday. Investors drew encouragement from a vote by the House of Representatives to let the government keep paying all of its bills for another four months.
Strong earnings reports from big U.S. companies helped push the Dow Jones industrial average to its eighth gain in nine sessions Tuesday. DuPont, Verizon and Travelers Cos., three of the 30 stocks that make up the Dow, closed higher after reporting their financial results for the final quarter of 2012.




























