5 Winners and Losers of the Week in Business
From a happy homebuilder to an embarrassed yoga gear retailer, here's a rundown of this week's big wins and toughest misses in the business world.
NYSE
Stock Market Holidays 2013: When the Exchanges Are Shuttered, and When They Close Early
The global economy is a perpetual motion machine, but U.S. stock exchanges do take breaks: In addition to the weekends, there are nine holidays on which markets are shuttered. Here's the list of market holidays for 2013, as well as the days when exchanges close early.
U.S. Stock Markets Closed on Presidents Day
The global economy is a perpetual motion machine, but U.S. stock markets do take breaks: In addition to the weekends, there are nine holidays on which the stock exchange is shuttered. Here's the list for 2013, as well as the surprising history of Presidents Day.
Economic Impact From Hurricane Sandy Won't Derail Economy
Airlines have canceled thousands of flights, stranding travelers around the globe. Insurers are bracing for possible damages of $5 billion. Retailers face shrunken sales.
NYSE Paying $5 Million Fine to Settle Charges on Data
The New York Stock Exchange is paying $5 million to settle federal civil charges that it gave some customers an unfair head start by providing them with trading data ahead of the wider public. It marked the first time the Securities and Exchange Commission ever imposed a fine on an exchange.
Stocks Close Lower for Fifth Day Straight
The Dow Jones industrial average closed lower for the fifth straight day as worries about sluggish economic growth weighed on markets. The Dow ended the day down 49 points at 12,605, after minutes from a Federal Reserve meeting highlighted concerns about the U.S. economy.
Dismal Job Market Pushes Dow into 275-Point Plunge
The stock market suffered its worst day of the year Friday after a surprisingly weak report about hiring and employment cast a pall of gloom over the U.S. economy.
Stocks Fall Again Due to European Debt Worries
Stocks closed lower for a second day, dragged down by technology companies and concerns about Europe's debts. European finance ministers approved $110 billion in rescue loans to Portugal on Monday, but have yet to decide on another rescue package for Greece.
Nasdaq, ICE Drop $11 Billion Bid for NYSE Euronext
Nasdaq and IntercontinentalExchange are withdrawing their $11 billion bid for the New York Stock Exchange after recognizing that it wouldn't receive regulatory approval. The decision leaves the path open for NYSE Euronext to merge with the German exchange operator Deutsche Boerse.
Stocks Fall as European Financial Crisis Deepens
Signs that Europe's debt troubles are larger than previously thought upended financial markets Friday, sending the dollar up nearly 1% and erasing the week's stock gains. Fears of a deepening financial crisis overshadowed reports that consumers are feeling more confident in the U.S. economy and that inflation remains in check.
Stocks Recover as Yen Retreats From Record Highs
A resilient performance by Japanese shares helped stocks in Europe and the U.S. Thursday, while the yen pulled back from a record high against the dollar amid expectations that finance chiefs from the world's industrialized nations will discuss how to ease the currency's rise.
Stocks Snap Losing Streak as Oil Prices Stabilize
It was a rough (even if short) week on Wall Street. But at least the Dow ended higher after losing more than 300 points in the previous three days. Some month-end bargain-hunting also helped stem the slide. [Video]
Does It Matter That a German Exchange May Control the NYSE?
The fabled New York Stock Exchange isn't what it used to be. Today's NYSE Euronext has lost a huge volume of trading to upstart computerized exchanges in recent years, and scandals have tarnished its luster. Now, Germany's Deutsche Boerse wants to buy control of it. I say: "Sell!"
The Nasdaq Hacking Case Raises Big Red Flags for Exchanges
The frightening revelations over the past few days that hackers had penetrated certain systems at the Nasdaq stock exchange are reverberating throughout the financial world. Did cyber-crooks gain access to inside information that can used to reap ill-gotten gains?
Profit-Taking Could Be in the Cards This Week
Even the most bullish traders figure the market needs to pull back at some point before making new highs. Considering this week's round of earnings and economic data -- and the sketchy situation in Egypt -- the sessions ahead should offer ample opportunity for profit-taking. [Video]