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  • Stocks, bonds rally after Summers exits Fed race

    September 16, 2013 8:56 AM

    NEW YORK- Stocks and bonds are rising sharply in early trading after former Treasury Secretary Larry Summers withdrew from the race to become head of the Federal Reserve. Summers had been expected to move aggressively to rein in the Fed's huge economic stimulus program. The Dow Jones industrial average rose... more »
  • Taxpayers about to be non-owners of GM

    September 10, 2013 7:36 PM

    DETROIT- Taxpayers are about to be non-shareholders in General Motors as the government is poised to sell all of its GM stock. The Treasury Department told Congress it sold $811 million worth of GM common stock last month and the government has recovered about $35.4 billion of the $49.5 billion... more »
  • Kodak out of bankruptcy

    September 3, 2013 7:40 PM

    ROCHESTER, NEW YORK- An icon of American business is out of bankruptcy and Kodak now says its a new commercial imaging company serving business markets like packaging and graphics. The chairman and CEO says Kodak is on track for profitable growth. Kodak says its old stock is canceled as of... more »
  • Stock market rises sharply, Syria strike on hold

    September 3, 2013 9:02 AM

    NEW YORK- The stock market is opening sharply higher on the first U.S. trading day since President Barack Obama announced that he would seek congressional approval for a military strike against Syria. The Dow Jones industrial average was up 99 points to 14,909 shortly after trading began Tuesday. The Standard... more »
  • Stocks edge higher in early trade; Microsoft jumps

    August 23, 2013 9:01 AM

    NEW YORK- Stocks are edging higher in early trading on Wall Street a day after pricing problems shut down the Nasdaq exchange for three hours. The Nasdaq composite was up 16 points, or 0.5 percent, at 3,655 shortly after the opening of trading Friday. Other indexes also rose, but not... more »
  • Nasdaq resumes stock trading after 3-hour outage

    August 22, 2013 2:56 PM

    NEW YORK- Trading on the Nasdaq stock exchange has resumed after a three-hour halt caused by a technical glitch. Other exchanges were operating normally Thursday, and stocks rose slightly. Nasdaq trading resumed at 2:25 p.m. The exchange had halted it shortly after 11 a.m. The disruption sent brokers scurrying... more »
  • Stocks edge higher in early trading on Wall Street

    August 13, 2013 9:07 AM

    NEW YORK- Stocks are inching mostly higher in early trading on Wall Street after the government reported a pickup in retail sales last month. The Standard & Poor's 500 index was up two points, or 0.1 percent, at 1,691 shortly after the opening of trading Tuesday. The Dow Jones industrial... more »
  • Stocks slip after Japan's growth disappoints

    August 12, 2013 9:02 AM

    NEW YORK- Stocks are slipping in early trading on Wall Street after Japan's economic growth came in weaker than analysts had expected. The Dow Jones industrial average was down 25 points, or 0.2 percent, at 15,399 after the first few minutes of trading Monday. The Standard & Poor's 500 index... more »
  • Stocks inch higher; still on track for weekly loss

    August 9, 2013 9:01 AM

    NEW YORK- Stocks are edging higher in early trading on Wall Street, not enough to erase the market's loss for the week. The Dow Jones industrial average edged up four points, just 0.03 percent, to 15,502 shortly after the opening of trading Friday. The Standard & Poor's 500 index was... more »
  • Stock market opens higher on healthier China trade

    August 8, 2013 8:55 AM

    NEW YORK- The stock market is opening higher after a drop in jobless claims and new evidence that China's economy may be stabilizing. The Dow Jones industrial average rose 80 points, or 0.5 percent, to 15,551 shortly after the U.S. stock market opened Thursday. The Standard & Poor's 500 index... more »
  • Stocks slip in early trade; American Eagle drops

    August 6, 2013 8:58 AM

    NEW YORK- Stocks are slipping in early trading on Wall Street despite some positive news on the economy. The Dow Jones industrial average fell 70 points, or 0.4 percent, to 15,542 after the first few minutes of trading Tuesday. The Standard & Poor's 500 index fell three points, or 0.2... more »
  • Stocks ease in early trading on Wall Street

    August 5, 2013 9:10 AM

    NEW YORK- Stocks are edging lower in early trading on Wall Street. The Dow Jones industrial average was down 52 points, or 0.3 percent, at 15,605 points in early trading Monday. The Standard & Poor's 500 index was off four points, or 0.3 percent, at 1,704. The Nasdaq composite was... more »
  • US stocks open lower, dragged down by tech

    July 26, 2013 8:56 AM

    NEW YORK- Stocks are getting off to a weak start on Wall Street after more weakness in technology companies. The early decline Friday is putting the market on track for its first weekly loss this month. The Dow Jones industrial average fell 75 points, or 0.5 percent, to 15,481 in... more »
  • Stocks open mostly lower on Wall Street

    July 25, 2013 8:51 AM

    NEW YORK- Stocks are opening mostly lower on Wall Street after several companies reported disappointing earnings. Home builder PulteGroup plunged 9 percent to $16.89 after reporting a 14 percent plunge profits. Another major home builder, D.R. Horton, fell 7 percent to $19.62. Technology shares fared better than the rest of... more »
  • Earnings gains drive stocks higher in early trade

    July 18, 2013 8:57 AM

    NEW YORK- Solid earnings gains at major U.S. companies are driving stocks higher in early trading on Wall Street. The advance put the Dow Jones industrial average and the Standard & Poor's 500 index back into record territory. The Dow was up 73 points, or 0.5 percent, at 15,542 after... more »
  • Stocks jump after Fed keeps stimulus in place

    July 11, 2013 8:56 AM

    NEW YORK- The stock market is rising to record highs after Federal Reserve Chairman Ben Bernanke said the central bank would continue to support the U.S. economy. The Dow Jones industrial average was up 151 points, or 1 percent, to 15,443 after the first few minutes of trading Thursday. The... more »
  • US stocks rise, extending last week's gains

    July 8, 2013 8:54 AM

    NEW YORK- The stock market is up in early trading as it builds on gains from last week's encouraging jobs report. The Dow Jones industrial average was up 76 points at 15,212 shortly after the market opened. The Standard & Poor's 500 climbed seven points to 1,639. The Nasdaq was... more »
  • Stocks slip in early trade after three-day surge

    June 28, 2013 8:59 AM

    NEW YORK- U.S. stocks are getting off to a slow start after a three-day rally. The Dow Jones industrial average was down 49 points, or 0.4 percent, at 14,973 in the first few minutes of trading Friday. The Standard & Poor's 500 index was down three points, or 0.2 percent,... more »
  • US stocks higher on strong jobs, spending news

    June 27, 2013 9:10 AM

    NEW YORK- Better news on jobs and consumer spending are pushing stocks higher in early trading. The Dow Jones industrial average was up 112 points, or 0.8 percent, at 15,022 after the first few minutes of trading Thursday. The Standard & Poor's 500 index was up 10 points, or 0.7... more »
  • Stock market opens higher, extending gains

    June 26, 2013 9:02 AM

    NEW YORK- U.S. stocks are rising in early trading, extending gains from the day before. The Dow Jones industrial average was up 134 points, or 0.9 percent, 10 minutes after the market opened Wednesday. The Dow jumped 100 points in the previous session following good news about the economy. The... more »
  • US stocks little changed at end of a volatile week

    June 14, 2013 9:00 AM

    NEW YORK- Stocks are little changed in the early going on Wall Street as trading quieted down at the end of a turbulent week. The Dow Jones industrial average edged down a point to 15,175 in the first few minutes of trading Friday. The Dow had surged 180 points the... more »
  • US stocks edge lower as Japanese market slumps

    June 13, 2013 8:58 AM

    NEW YORK- Stocks are edging lower in early trading on Wall Street after the Japanese market took another plunge. The Dow Jones industrial average fell 18 points, or 0.1 percent, to 14,975 in the first few minutes of trading Thursday. The Standard & Poor's 500 index fell a point, or... more »
  • Stock indexes open higher on Wall Street

    June 12, 2013 9:08 AM

    NEW YORK- The stock market is getting off to a strong start after two days of losses. Markets have become more volatile in the past two weeks as global central banks prepare to ease back on their economic stimulus policies. The Dow Jones industrial average was up 57 points at... more »
  • Stocks move higher in early trading on Wall Street

    June 4, 2013 9:01 AM

    NEW YORK- Stocks are opening higher on Wall Street after encouraging news about home prices and trade. The Dow Jones industrial average was up 26 points at 15,280 shortly after the opening bell Tuesday, a gain of 0.2 percent. The Standard & Poor's 500 index was up three points at... more »
  • Stocks open sharply higher on Wall Street

    May 28, 2013 8:56 AM

    NEW YORK- A jump in home prices is helping send the stock market sharply higher in early trading. The Dow Jones industrial average rose 143 points to 15,447 shortly after the opening bell Tuesday, a gain of 1 percent. The Standard & Poor's 500 index was up 17 points at... more »
  • Stock slump continues on Wall Street

    May 23, 2013 8:57 AM

    NEW YORK- A global stock market slump is continuing on Wall Street as traders worry about how committed the Federal Reserve remains to keeping up its bond-buying program. The Dow Jones industrial average fell 112 points to 15,191 in early trading Thursday, or 0.7 percent. The Standard & Poor's 500... more »
  • Indexes edge higher on Wall Street in early trade

    May 21, 2013 8:54 AM

    NEW YORK- Stock indexes are edging higher in early trading on Wall Street as investors look ahead to the Federal Reserve's next moves. The Dow Jones industrial average was up 54 points at 15,390 shortly after the opening bell Tuesday, a gain of 0.4 percent. The Standard & Poor's 500... more »
  • Stocks edge higher in early trading on Wall Street

    May 14, 2013 9:03 AM

    NEW YORK- Stock indexes are moving higher in early trading on Wall Street as a record-breaking advance on the stock market got moving again. The Dow Jones industrial average was up 26 points at 15,117 shortly after the opening bell Tuesday, a gain of 0.2 percent. The broader Standard and... more »
  • US stock market falls after retail sales report

    May 13, 2013 9:04 AM

    NEW YORK- The U.S. stock market is falling in early trading to begin a week full of hints about the health of the nation's retailers. Americans boosted spending at retail stores in April, according to the Commerce Department, surprising some economists. Earlier declines on major markets were cut in half... more »
  • Stocks waver in early trading on Wall Street

    May 9, 2013 8:57 AM

    NEW YORK- Stock indexes are barely budging in early trading on Wall Street as corporate earnings reporting for the first quarter draws to a close. The Dow Jones industrial average was moving between small gains and losses shortly after the opening bell Thursday. After the first fifteen minutes of trading... more »
  • Stocks edge higher in early trade on Wall Street

    May 7, 2013 9:00 AM

    NEW YORK- Stocks are edging higher in early trading on Wall Street, putting the Dow Jones industrial average back above 15,000. The Dow was up 42 points at 15,011 shortly after the opening bell Tuesday, an increase of 0.3 percent. The Dow first crossed above 15,000 on Friday after the... more »
  • Stocks open little changed after a record week

    May 6, 2013 8:54 AM

    NEW YORK- Stocks prices are little changed in early trading on Wall Street after a record-setting week for the market. The Dow Jones industrial average was down 14 points at 14,960 points shortly after the opening bell Monday, a decline of 0.1 percent. The Standard & Poor's 500 index was... more »
  • Stocks fall on jobs concerns, fall in Merck profit

    May 1, 2013 9:01 AM

    NEW YORK- The stock market is falling early after a survey showed U.S. companies added the fewest jobs in seven months and Merck reported a lower quarterly profit. Shortly after the market opened, the Dow Jones industrial average dropped 55 points to 14,784, a fall of 0.4 percent. The Standard... more »
  • Stocks edge lower; Pfizer weighs down the Dow

    April 30, 2013 8:58 AM

    NEW YORK- Stock prices are opening mostly lower on Wall Street as weak earnings from Pfizer and other companies drag down major market averages. The Dow Jones industrial average fell 48 points to 14,770 shortly after the opening bell Tuesday, a loss of 0.4 percent. Pfizer was among the biggest... more »
  • The S&P 500 rises; Dow is down, led by IBM

    April 19, 2013 9:03 AM

    NEW YORK- The broad Standard & Poor's 500 index opened higher early Friday, capping a volatile week in stock markets. Stocks of technology companies were the big movers shortly after the market opened. Several industry bellwethers reported quarterly earnings late Thursday, including IBM and Google. The Standard & Poor's 500... more »
  • Weak start for stocks on Wall Street; banks slide

    April 12, 2013 8:58 AM

    NEW YORK- The stock market is heading lower in early trading after a four-day rise as bank shares weaken. Wells Fargo and JPMorgan fell after reporting revenue that was lower than analysts were expecting. JPMorgan and Bank of America led the Dow Jones industrial average lower shortly after the opening... more »
  • Cyprus bailout lifts US stock markets

    March 25, 2013 9:06 AM

    NEW YORK- U.S. stock markets are opening higher after Cyprus clinched a last-minute bailout that saved it from bankruptcy. The deal between the Mediterranean island nation and its lenders was reached in the early hours Monday in Brussels. In return for a 10 billion euros ($13 billion) bailout from its... more »
  • Dow trading at new record high

    March 5, 2013 10:34 AM

    NEW YORK- With a jump of more than 100 points in early trading, the Dow Jones Industrial Average has moved into territory it's never seen before. The jump to an all-time high for the blue-chip average was powered in part by China's strong economic growth targets, and by a jump... more »
  • Stocks slide following Dow's rally to 14,000

    February 4, 2013 11:00 AM

    Stocks are falling on Wall Street after the Dow Jones industrial average hit its highest level since the financial crisis last week. The Dow was off 118 points at 13,891 shortly before noon Eastern time. Travelers and Merck fell the most of the 30 stocks in the index. The Standard... more »
  • Dow edges lower, still headed for stellar January

    January 31, 2013 11:05 AM

    NEW YORK- The Dow drifted lower Thursday, but stayed on track for its best start to the year in more than two decades. The Dow Jones industrial average fell 23 points to 13,887 as of 11:51 a.m. The index has gained 6 percent so far this month, putting it in... more »
  • Stocks edge lower after economy report

    January 30, 2013 10:58 AM

    NEW YORK (AP) - Stocks are little changed after a report that showed the U.S. economy unexpectedly contracted in the fourth quarter, putting the brakes on a January rally that has lifted stocks toward record levels. The Dow Jones industrial average is down 2 points to 13,952 as of midday... more »
  • Stocks edge higher, pushing Dow toward 14,000

    January 29, 2013 10:52 AM

    NEW YORK- Stocks edged higher on Wall Street, pushing the Dow toward 14,000, as investors digested the latest round of earnings and economic reports. The Dow Jones industrial average rose 57 points to 13,939 points. The Standard and Poor's 500 rose 4 points to 1,505 points. The Nasdaq composite dropped... more »
  • Stocks surge after last-minute budget deal reached

    January 2, 2013 12:09 PM

    NEW YORK - Stocks are sharply higher on Wall Street after lawmakers reached a last-minute budget agreement to avert sweeping tax increases and cuts to government spending programs. The Dow is off its highs of the day, but remained up more than 200 points in early afternoon trading. The Dow... more »
  • Stocks open lower on new fiscal cliff warning

    November 26, 2012 10:29 AM

    NEW YORK - Stocks are opening lower after a warning from White House economists dampened what had been a huge weekend for retailers. Shoppers flooded stores in record numbers over the weekend, according to the National Retail Federation. The organization said 247 million shoppers visited stores and shopping websites during... more »
  • Dow climbs 172 in a Black Friday rally

    November 23, 2012 3:57 PM

    NEW YORK - Stocks rallied in an abbreviated session on Wall Street. The Dow Jones industrial average shot up 172 points to 13,009. That's the first close above 13,000 for the Dow since Election Day. The Standard & Poor's 500 index rose 18 points to 1,409. The S&P also racked... more »
  • Stocks fall on weak construction, factory reports

    September 4, 2012 10:59 AM

    NEW YORK- Stocks are falling on Wall Street following reports that construction spending and manufacturing have weakened in the U.S. The Dow Jones industrial average was down 86 points at 13,004 shortly before midday Tuesday. The broader S&P 500 index fell seven points to 1,399 and the Nasdaq composite fell... more »
  • Facebook stock rebounds after dropping below $19

    August 20, 2012 3:33 PM

    NEW YORK - Facebook's beleaguered stock got an afternoon boost after hitting its lowest level ever earlier in the day. Facebook Inc. hit a new low of $18.75 before bouncing back to $20.01 by the time the stock market closed. That's up 96 cents, or 5 percent, for the day.... more »
  • Facebook stock near half of public offering value

    August 17, 2012 11:01 AM

    NEW YORK- Facebook's stock has come a penny short of hitting $19 for the first time, meaning it has nearly lost half of its market value since its public offering in May. It hit $19.01 on Friday, a day after the expiration of a lock-up period that has provided some... more »
  • Facebook insiders can sell stock as "lock-up" ends

    August 14, 2012 2:50 PM

    MENLO PARK, Calif.- Facebook's early investors and a handful of top executives become eligible on Thursday to sell stock they own in the social networking company. It marks the beginning of a time-honored process for public companies, which will culminate in the fall, when many Facebook employees receive the same... more »
  • Stock market is ending the week on a sour note

    August 10, 2012 10:58 AM

    NEW YORK- After months of worrying about Europe, now investors are getting concerned about Asia too. U.S. stocks are trading lower at midday Friday, after unsettling reports that China's economy is slowing. The Dow Jones industrial average is down 15 points to 13,150. The Standard & Poor's 500 is down... more »
  • Stocks waver, with hard-to-read signs on economy

    August 9, 2012 11:29 AM

    NEW YORK- U.S. stocks are dawdling between small gains and losses as investors are unable to decide what to focus on: encouraging news about the U.S. economy, or worrisome signs from China and elsewhere. At midday Thursday, the Dow Jones industrial average is down 44 points at 13,128. The Standard... more »
  • US stocks waver ahead of Fed meeting

    August 1, 2012 11:05 AM

    NEW YORK- U.S. stocks are wavering at midday, pulled between disparate signs about the economy and company earnings. The moves are small, with two of the major indexes rising slightly and one inching down. The Dow Jones industrial average is up 37 points to 13,045. The Standard & Poor's 500... more »
  • US stocks falling for 3rd day on lower earnings

    July 24, 2012 11:00 AM

    NEW YORK- Stocks are sliding following weak earnings from United Parcel Service and other major U.S. companies. The market was headed for its third loss in a row. The Dow Jones industrial average dropped 119 points to 12,603 at midday Tuesday. The Standard & Poor's 500 fell 12 points to... more »
  • Stocks waver after Bernanke says economy is weak

    July 17, 2012 11:05 AM

    NEW YORK- The stock market wavered after Federal Reserve Chairman Ben Bernanke gave a grim assessment of the economy. Stronger earnings reports from Mattel, Coca-Cola and other big companies pushed those stocks higher Tuesday. Bernanke said weak economic growth likely means the unemployment rate will be slow to drop. But... more »
  • JPMorgan leads Dow Jones average to a big gain

    July 13, 2012 11:03 AM

    NEW YORK- Big banks are leading stocks sharply higher on Wall Street. Strong earnings from JPMorgan sent its stock up 5 percent, the biggest gain in the Dow Jones industrial average. The Dow jumped 184 points to 12,757 shortly before noon Eastern. The Dow is coming off a six-day slump,... more »
  • A weak open on Wall Street as Italy's rates soar

    June 13, 2012 11:05 AM

    NEW YORK- U.S stocks are struggling for direction, with the debt maelstrom in Europe as an ominous backdrop. Major stock indexes opened lower, then edged higher but just for a short time. Shortly before noon Wednesday, the Dow Jones industrial average and the Standard & Poor's 500 were down, while... more »
  • Investors see Spain rescue as only 'temporary fix'

    June 11, 2012 10:58 AM

    NEW YORK- Stocks on Wall Street are falling as investors appear skeptical that a deal to lend money to Spanish banks will do much to resolve the debt crisis in Europe. The Dow Jones industrial average is down 26 points at 12,528. The Standard & Poor's 500 index is down... more »
  • Better news on wholesalers sends stocks higher

    June 8, 2012 11:13 AM

    Stocks are higher at midday after the government said businesses are restocking their shelves at a faster pace than analysts had expected. The Dow Jones industrial average is up 19 points at 12,480. The Standard & Poor's 500 index is up almost two points to 1,317, and the Nasdaq composite... more »
  • Facebook stock slips even as broader market gains

    June 7, 2012 10:52 AM

    NEW YORK- Facebook's deflated stock is inching lower once again even as the broader market is advancing. The stock fell 40 cents, or 1.5 percent, to $26.41 in late morning trading Thursday. It's down 30 percent from its initial public offering price of $38. Facebook's stock began trading publicly on... more »
  • Dow leaps, is on track for a second day of gains

    June 6, 2012 11:15 AM

    NEW YORK- A 200-point charge turned the Dow Jones industrial average positive for the year following a dismal stretch in May. The Dow is up 208 points at 12,337 shortly before noon. All 30 Dow stocks were higher, led by Bank of America, up 7 percent. The last time the... more »
  • US stocks waver as emergency call on Europe starts

    June 5, 2012 11:02 AM

    NEW YORK- U.S. stocks are struggling for direction. The Institute for Supply Management reported that U.S. service companies, which employ roughly 90 percent of the work force, grew at a slightly faster pace in May, temporarily propping up major stock indexes. Worries about Europe are not far from anyone's mind.... more »
  • US stocks inch lower, calm returns to market

    June 4, 2012 11:03 AM

    NEW YORK - U.S. stocks are trading modestly lower at midday as calm returns to the market after a spasm of fearful selling last week. The Dow Jones industrial average opened at its lowest level since December Monday after a 275-point sell-off on Friday caused by grim economic signals, especially... more »
  • Economic figures drive Dow down, heat Presidential debate

    June 1, 2012 4:15 PM

    WASHINGTON - The stock market is down and the presidential rhetoric is heating up in the wake of some disappointing economic data that came out today. The Labor Department says U.S. employers added 69,000 jobs in May. That's the far fewer than had been expected and with downward revisions of... more »
  • Dow, S&P 500 slump on weak economic reports

    May 31, 2012 10:57 AM

    NEW YORK- U.S. stocks are falling at midday, promising another nerve-wracking day for investors who just endured one of the worst losses of the year. The Dow Jones industrial average is down 59 points to 12,360, after losing as much as 104 points earlier. The Dow plunged 161 the day... more »
  • Facebook stock climbs, still down from IPO

    May 30, 2012 1:09 PM

    NEW YORK - Facebook's stock is getting some relief, inching higher following a steep decline in the wake of its initial public offering. Shares of Facebook Inc. are up 43 cents to $29.27 in morning trading on Wednesday. That's still down about 23 percent from its IPO price of $38.... more »
  • US stocks plummet as outlook in Europe dims

    May 30, 2012 12:10 PM

    NEW YORK- U.S. stocks are opening sharply lower as concerns about the stability of Europe's financial system return to the fore. The European Union's government said early Wednesday that confidence across that continent fell sharply this month. Traders sold bonds issued by debt-saddled European governments, pushing those nations' borrowing costs... more »
  • Facebook's stock falls below $30 for first time

    May 29, 2012 11:10 AM

    NEW YORK- Facebook's stock has fallen below $30 for the first time. The stock fell $2.01, or 6.3 percent, to $29.90 in midday trading Tuesday. That's down 21 percent since its much-awaited public stock debut this month. It went as low as $29.65. Facebook Inc. began trading publicly on May... more »
  • Markets are mixed ahead of long holiday weekend

    May 25, 2012 11:11 AM

    NEW YORK- Stocks are drifting between small gains and losses in midday trading as investors focused on Europe's debt situation. The 17 countries that use the euro are struggling over what to do if Greece leaves the union, and how much they should do to try to prevent that. Trading... more »
  • US stocks open lower as European leaders meet

    May 23, 2012 11:05 AM

    NEW YORK- Markets are swooning in Europe and the U.S. as investors become increasingly skeptical that European leaders will succeed at jump-starting the region's economy and preventing a messy exit from the euro by Greece. The Dow Jones industrial average was down 164 points at 12,339 shortly before midday Wednesday.... more »
  • Stocks turn higher after housing report

    May 22, 2012 11:02 AM

    NEW YORK- An encouraging report on the housing market is pushing most stocks higher, while Facebook takes another fall. The Dow Jones industrial average is up 48 points to 12,552 shortly before noon. Stock indexes traded flat until the National Association of Realtors said Americans bought more previously owned houses... more »
  • Stocks gain on Wall Street; Facebook falls

    May 21, 2012 11:03 AM

    NEW YORK- U.S. stocks are rising, shaking off their worst weekly performance since November, as investors latched on to a relatively optimistic report from economists. The Dow Jones industrial average is up 78 points to 12,448 after six days of losses. If it finishes the day with a gain, it... more »
  • Investors watching Facebook's debut on Wall Street

    May 18, 2012 11:14 AM

    NEW YORK - Facebook is updating its status to "public company" as its stock jumps in its debut on the Nasdaq Stock Market. The stock opened at $42.05 on Friday morning. It later settled at $39. CEO Mark Zuckerberg smiled as rang the opening bell from Facebook's headquarters in... more »
  • US stocks edge lower on Europe worries

    May 18, 2012 11:01 AM

    It looks like it will take more than Facebook's initial public offering to push stocks into positive territory. Facebook shares were trading at $40 a few minutes after starting trading, $2 higher than their offering price. In midday trading Friday, the Dow Jones industrial average was down 32 points at... more »
  • Stocks lower as Europe overshadows jobs data

    May 17, 2012 11:05 AM

    NEW YORK- Stocks are slipping as unease about Europe overshadows an encouraging report on unemployment claims and good results from big retailers including Wal-Mart Stores. The Dow Jones industrial average was down 65 points at 12,533 just before noon Thursday. The Standard & Poor's 500 index fell nine points to... more »
  • Facebook set to price initial public offering

    May 17, 2012 10:53 AM

    NEW YORK - Facebook's initial public offering could be one of the largest in history if its stock prices at the high end of its expected range on Thursday. Facebook Inc. will likely price its IPO late Thursday, meaning that the investment banks orchestrating the offering will determine the price... more »
  • Stocks inch higher but worries about Europe linger

    May 16, 2012 11:10 AM

    NEW YORK- Hopes that the U.S. housing market is starting to recover sent stocks edging higher on Wall Street. The market's gains are being held back by continuing worries that Greece's political deadlock could fracture the European Union and roil global markets. The Dow Jones industrial average rose 20 points... more »
  • US stocks waver; euro dives on Greece turmoil

    May 15, 2012 11:22 AM

    NEW YORK- U.S. stocks are modestly higher at midday as conflicting news about the economy and a Greek political stalemate bat the indexes between small gains and losses. The euro and European stocks plunged as trading in New York began Tuesday after efforts to form a government in Greece collapsed.... more »
  • Stocks, euro drop as deadlock continues in Greece

    May 14, 2012 11:00 AM

    NEW YORK- U.S. stocks are falling as a political stalemate in Greece rattles financial markets worldwide. The price of oil and Treasury yields hit their lowest levels of the year in midday trading Monday. The euro sank to a three-month low against the dollar. The Dow Jones industrial average is... more »
  • Stock market inches higher despite bank slump

    May 11, 2012 11:02 AM

    Stocks are slightly higher at midday in spite of JPMorgan's surprise $2 billion trading loss, which has rattled shares of investment banks. Shortly before noon Friday, the Dow Jones industrial average was up 37 points at 12,892. The Standard & Poor's 500 index is up five points at 1,363. The... more »
  • Dow on its way to breaking six-day losing streak

    May 10, 2012 11:03 AM

    Stocks are up at midday, putting the Dow Jones industrial average on track to break a six-day losing streak. The rise came after the government said claims for unemployment benefits edged lower last week. Investors had been worried that a strong start to hiring this year was coming to an... more »
  • US stocks under pressure after European elections

    May 7, 2012 11:10 AM

    NEW YORK- U.S. stocks are under pressure after angry voters in Greece and France rejected painful budget cuts demanded by international lenders. Investors are uncertain over how the results will affect Europe's plans to rein in spending and keep the euro zone's debt crisis from worsening. The Dow Jones industrial... more »
  • Bad news about jobs spooks markets

    May 2, 2012 11:16 AM

    NEW YORK- Investors are homing in on bad news about jobs in the U.S. and Europe. Stocks are down at midday, erasing the hope generated the day before about a brisk May for the market. The Dow Jones industrial average fell 48 points to 13,230 in midday trading Wednesday. The... more »
  • Stocks higher on better manufacturing report

    May 1, 2012 11:04 AM

    NEW YORK- A strong manufacturing report is pushing stocks higher. The Dow Jones industrial average is on track to close at its highest level in more than four years. U.S. manufacturing expanded last month at the fastest pace since last June, according to the Institute for Supply Management. Orders, hiring... more »
  • Wal-Mart Stock Slides on Bribery Allegations

    April 23, 2012 7:28 PM

    Shares of Wal-mart took a dive after news reports alleging executives of the company in Mexico used a vast bribery scheme to build new stores and covered it up. Wal-Mart stocked dropped nearly 5 percent during trading, at one point. This weekend, the New York Times reported Wal-Mart used millions... more »
  • US stocks slide on economic tremors from Europe

    April 23, 2012 11:01 AM

    NEW YORK- A collection of worrying news out of Europe is sending stocks lower in midday trading. New reports out Monday showed that European government debt continues to pile up despite severe budget cuts that have led to unrest across the continent. European markets fell hard. In the U.S., the... more »
  • Stocks continue to spiral down for a fifth day

    April 10, 2012 11:05 AM

    NEW YORK- Stocks are sliding on disappointing news about the U.S. economy, extending a losing streak that could turn into the year's longest so far. The Dow Jones industrial average is down 88 points to 12,842 at midday. The broader Standard & Poor's 500 is down 10 points to 1,372.... more »
  • US stocks struggle for direction

    March 12, 2012 11:15 AM

    NEW YORK - Greece is closer to fending off default, but that hasn't given U.S. markets much of a boost. Stocks struggled for direction after the country announced that its investors would agree to take big losses on the Greek government bonds they hold. That should help Greece avoid... more »
  • Biggest drop of year for Dow as US market slumps

    March 6, 2012 11:01 AM

    U.S. stocks are down sharply at midday after steep losses in Europe. The Dow Jones industrial average is down 165 points. That is its biggest decline during a trading day this year. Just before noon EST, the Dow was down 1.3 percent to 12,798. The biggest decline for the Dow... more »
  • Stocks rise at midday, erasing an early loss

    February 23, 2012 11:10 AM

    NEW YORK- U.S. stocks are up after falling in early trading, boosted by encouraging jobs data. The Dow Jones industrial average is up 46 points to 12,985 at midday. Earlier Thursday it rose to within four points of 13,000. The Standard & Poor's 500 is up 3 points to 1,361,... more »
  • Dow breaks 13,000 for first time since '08 crisis

    February 21, 2012 11:14 AM

    NEW YORK- The Dow Jones industrial average crossed 13,000 but didn't stay there long. It was the first time the Dow moved above that level since May 2008, when the Lehman Brothers investment bank was still solvent and before the worst phase of the financial crisis. The milestone came about... more »
  • Report: Facebook IPO filing could come next week

    January 27, 2012 1:25 PM

    LOS ANGELES - The Wall Street Journal says Facebook could file regulatory papers for its initial public offering of stock as early as next week. The newspaper cites unnamed people familiar with the matter in saying that the social networking company could raise as much as $10 billion. Facebook's expected... more »
  • Strong earnings, takeovers send stocks higher

    October 24, 2011 10:56 AM

    NEW YORK - Stocks are rising strongly after a round of corporate takeovers and reports that Europe's bailout fund will be larger than anticipated. Mattel and J.M. Smucker were among companies that rose after announcing acquisitions. Caterpillar jumped 5.5 percent after it raised its profit forecast for the year.... more »
  • Dow soars 423 points on economic news

    August 11, 2011 5:15 PM

    NEW YORK - Stocks are rising at the close of trading after investors latched onto some small signs that the economy might not be headed into another recession. Fewer Americans joined the unemployment line last week, and a technology bellwether said revenue could grow faster this quarter than analysts... more »
  • Stock drop affects retirement plans

    August 8, 2011 10:58 PM

    BATON ROUGE- Another major down-day on Wall Street has left your 401K taking another huge hit. And you've had lots of questions about what will happen next. We took questions you posted on News 2's Facebook page to financial experts. The first answer from our experts: Don't... more »
  • Stocks plunge on fears of global economic slowdown

    August 4, 2011 3:45 PM

    NEW YORK - The news just keeps getting worse on Wall Street, where the Dow industrials have finished the day more than 500 points lower. The steep selloff followed the latest sign of weakness in the U.S. economy -- a report that the number of first-time claims for unemployment... more »
  • 2011 gains are gone as selloff continues

    August 4, 2011 11:25 AM

    NEW YORK - Stocks are plunging in another broad sell-off as investors grow concerned about an economic slowdown in the U.S. and Europe. The Dow Jones industrial average dove more than 350 points, erasing its gains for the year. The latest sign of weakness in the U.S. economy... more »
  • Report: Red snapper in Gulf being overfished

    July 14, 2011 3:33 PM

    PORTLAND, Maine - Forty stocks of fish populations are subject to overfishing in U.S. waters, but progress is being made to rebuild stocks and reduce overfishing, federal officials said Thursday. The number of fish populations being fished at too high of a level at the end of 2010 was... more »
  • Egypt exchange reopens after closure amid uprising

    March 23, 2011 5:17 AM

    CAIRO- Egypt's stock exchange has reopened after a nearly two-month closure stemming from the mass protests that toppled former President Hosni Mubarak. The Egyptian Exchange has been closed since Jan. 27 as the demonstrations paralyzed the Arab world's most populous nation. As the exchange reopened Wednesday morning, analysts expect sharp... more »
  • Chrysler Moves Towards Profitability

    January 31, 2011 7:27 PM

    A fleet of new cars and trucks and lower costs is pushing Chrysler toward profitability two years after near collapse that required a bail out from the Federal Government. The net loss for the fourth quarter of last year was $199 million as opposed to the $2.7 billion loss a... more »

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