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Latest Post: 05/16/2012 01:20 PM First Post: 03/21/2012 04:51 AM (14 stories) 3 pictures 3 videos
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Latest Update Greek turmoil leads to losses on Wall Street

05/16/2012 01:20 PM by The Associated Press

NEW YORK (AP) - More turmoil in Greece caused fallout across the financial markets.

The Dow Jones industrial average fell for the fourth day in a row. Oil closed at its lowest level sin… Click to Read More and see additional updates




Latest Update Greek turmoil leads to losses on Wall Street

05/16/2012 01:20 PM by The Associated Press

NEW YORK (AP) - More turmoil in Greece caused fallout across the financial markets.

The Dow Jones industrial average fell for the fourth day in a row. Oil closed at its lowest level since November. The euro fell to a four-month low. And the price of gold prices the lowest level since December.

As investors fled to safer U.S. government bonds, the yield on the benchmark 10-year Treasury note hit its lowest this year.

New elections were called in Greece for June 17 after coalition talks to form a government fell apart.

The Dow closed down 33 points at 12,598. The Standard & Poor's 500 index was down six at 1,325. The Nasdaq composite fell 20 to 2,874.

Volume was slightly above average at 4.2 billion shares. Declining stocks outpaced advancers 2-to-1.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Dow breaks 6-day losing streak, barely

05/10/2012 02:47 PM by Associated Press

NEW YORK (AP) - The Dow Jones industrial average has broken a six-day losing streak. The Dow notched a small gain after the government released better unemployment numbers.

The Dow rose 20 points to close at 12,855. Earlier in the day it had risen as much as 97 points. The Standard & Poor's 500 index rose three points to close at 1,358.

Tech stocks closed slightly lower. The Nasdaq composite index fell a point to close at 2,934. Networking gear maker Cisco Systems plunged more than 10 percent after warning that technology spending appears to be slowing down.

Advancing stocks outnumbered decliners 3-to-2. Volume was light at 3.6 billion shares.

European stocks rose because of signs that then Spanish government will help its banking sector. That boosted financial stocks in the U.S., too.


US stocks open lower after European elections

05/07/2012 08:45 AM by Associated Press

NEW YORK (AP) - Stocks have been under pressure so far today on Wall Street as investors consider how the results of the weekend elections in Europe will affect the plans to rein in spending there and keep the debt crisis from worsening.

But most markets in Europe have recovered from early losses and have turned higher -- with the exception of stocks in Greece.

Greek voters expressed their anger over crippling income cuts by punishing mainstream politicians, giving no party enough votes to govern alone and leaving the parliament split. The French ousted President Nicolas Sarkozy and elected Socialist Francois Hollande, who pledged "to finish with austerity."


Bad news about jobs spooks markets

05/02/2012 09:07 AM by Associated Press, MN

NEW YORK (AP) - 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 day before it closed at the highest point in four years.

The Standard & Poor's 500 fell seven points to 1,398. The Nasdaq composite index was down four at 3,045.

An unemployment report underscored worries about Europe's debt crisis. The 17 countries that use the euro reported that unemployment rose to 10.9 percent in March, the highest since 1999.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Dow Jones average hits highest mark since '07

05/01/2012 01:18 PM by Associated Press (CM)

NEW YORK (AP) - The Dow Jones industrial average is closing at its highest level in more than four years.

The fastest growth in U.S. manufacturing in 10 months gave stocks a lift Tuesday. Orders, hiring and production all rose in April.

The Dow added 66 points to 13,279, its highest close since Dec. 28, 2007.

The Standard & Poor's 500 index rose eight points to 1,406. The Nasdaq composite climbed four to 3,050.

All 10 industry groups within the S&P 500 were higher, led by energy companies. Chesapeake Energy Corp. jumped 6 percent on reports that the company will replace its chairman, Aubrey McClendon.

Nearly two stocks rose for every one that fell on the New York Stock Exchange. Trading volume was light at 3.7 billion.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


US stocks slide on economic tremors from Europe

04/23/2012 01:12 PM by The Associated Press (KO)

NEW YORK (AP) - Worrying news out of Europe is sending stocks sharply lower at the close of trading.

The Dutch government collapsed Monday, a day after French President Nicolas Sarkozy lost the first round of that country's presidential election. A new report showed that European government debt is piling up despite severe budget cuts.

The Dow Jones industrial average lost 102 points to close at 12,927. Wal-Mart Stores had the biggest drop of any Dow stock after a report said the company shut down an investigation into bribery by executives at its Mexican unit.

The Standard & Poor's 500 index lost 12 points to 1,367. The Nasdaq fell 30 points to 2,970.

Three stocks fell for every one that rose on the New York Stock Exchange. Trading volume was light at 3.6 billion.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Stocks make a U-turn, climb after big decline

04/11/2012 07:35 AM by Associated Press (MM)

NEW YORK (AP) - Stocks are opening sharply higher, a day after their worst loss of the year.

The Dow Jones industrial average is up 106 points in the opening minutes of trading, to 12,822, recouping half of yesterday's 214-point plunge. The broader Standard & Poor's 500 is up 13 points to 1,371. The Nasdaq composite index is up 26 points to 3,017.

The yields on long-term bonds for Spain and Italy are falling slightly Wednesday, a sign that investors are less nervous about the financial health of the two countries.

Alcoa's better-than-expected first-quarter results also soothed investors' concerns about earnings growth in for big U.S. corporations. If the Dow closes higher, it will be the first gain since April 2.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Stocks extend slide to 5 days, longest this year

04/10/2012 11:29 AM by KO, The Associated Press

NEW YORK (AP) - The Dow Jones industrial average is down more than 200 points as stocks extend their worst slump of the year.

Industries across the market are lower on what would be the fifth consecutive day of declines for the Dow and the Standard & Poor's 500 index.

Investors are worried about a worsening debt crisis in Spain. They're also nervously awaiting corporate earnings reports at home. Those begin with Alcoa, which reports results after the market closes Tuesday.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Dow closes below 13,000 for first time in a month

04/09/2012 01:19 PM by Associated Press (CM)

NEW YORK (AP) - Stocks are closing sharply lower after investors delivered their verdict on disappointing job growth in March. It's only the second four-day losing streak of the year for the Dow Jones industrial average and the Standard & Poor's 500.

The Dow finished down 130 points at 12,929, its first close below 13,000 since March 12. The S&P is ending the day off 16 points at 1,382. The Nasdaq composite closed down 33 at 3,047.

The country added 120,000 jobs in March, about half the pace from December through February. Markets were closed Friday, so Monday was investors' first chance to respond.

Volume was light at 3.1 billion shares. Declining stocks outnumbered advancers by about 4-to-1 on the New York Stock Exchange.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Stocks slide in reaction to hiring slump in March

04/09/2012 11:17 AM by KO, The Associated Press

NEW YORK (AP) - Stocks are pulling back sharply as Wall Street reacts to a slowdown in hiring in the United States in March.

The Dow Jones industrial average dropped 155 points to 12,905 shortly before noon Monday. The Standard & Poor's 500 index was off 19 at 1,379, and the Nasdaq composite lost 38 points to 3,042.

The losses were broad. All 10 industry groups in the S&P 500 fell, led by financial stocks. Bank of America was off 3 percent, Citigroup 2.5 percent.

The U.S. added just 120,000 jobs in March, about half the pace from December through February. The slowdown interrupted the strongest stretch of job growth since the Great Recession. The government released its jobs report on Friday, but the stock market was closed for the Good Friday holiday.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Worst day in a month for US stocks

04/04/2012 01:31 PM by Associated Press (CM)

NEW YORK (AP) - The Dow Jones industrial average has suffered a triple-digit decline for only the second time this year.

The Dow was down as much as 179 points earlier in the day. It recovered to close down 125 at 13,075. That's the biggest loss for the Dow since March 6.

It was triggered by a weak bond auction in Spain that revived fears over Europe's debt problems. Gold plunged to its lowest level since January.

The Standard & Poor's 500 index finished down 14 at 1,399. The technology-heavy Nasdaq composite index fell 45 to 3,068, its worst decline of the year. It was the Nasdaq's sixth loss in seven days.

Declining stocks beat advancers by about 5-to-1 on the New York Stock Exchange. Volume was about average at 3.8 billion shares.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Stocks rise, extending best start since 1998

03/30/2012 02:26 PM by Associated Press (CM)

Wall Street is closing out its best first quarter since 1998.

The Dow Jones industrial average is ending the day up 66 points to close at 13,212. The Standard & Poor's 500 index rose five points to close at 1,408. The Nasdaq composite fell slightly - down four points to 3,092.

The Dow finished the quarter with an 8 percent gain. The gain was 12 percent for the S&P 500 and almost 19 percent for the Nasdaq.

The buying on Friday was driven by news that consumer spending rose last month at the fastest pace in seven months.

Advancing stocks outnumbered decliners by about 3-to-2. And nine out of 10 industry groups in the S&P 500 rose. Technology stocks had a slight decline.

Volume was light, 3.6 billion shares.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Stocks lower on worries over China slowdown

03/22/2012 01:53 PM by KO, The Associated Press

NEW YORK (AP) - Signs that China's economy is weakening and Europe is slowing sent U.S. stocks lower.

Oil prices dropped 2 percent to their lowest level in a week after the reports of a possible global slowdown. That hurt oil stocks: Alpha Natural Resources, Consol Energy, and Noble Energy were all down 4 percent.

The disconcerting news from overseas Thursday overshadowed reports showing the U.S. economy is gaining momentum.

The Dow Jones industrial average closed down 78 points to 13,046 Thursday. The Standard & Poor's 500 index fell 10 points to 1,393, while the Nasdaq composite fell 12 points to 3,063.

China's manufacturing sector is contracting, according to a report. Another survey in Europe also showed signs of a slowdown there in services and manufacturing.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Wall Street regains its swagger, futures rising

03/21/2012 04:51 AM by Associated Press (SR)

NEW YORK (AP) - Stock futures are rising after a rocky start to the week, with the latest housing report expected to show previously occupied home sales are reaching a clip not seen in two years.

Two hours ahead of the market opening, Dow Jones industrial average futures are up 19 points to 13,127 and the broader Standard & Poor's 500 futures are up 2.5 points to 1,402.50. Nasdaq 100 futures are rising 3 points to 2,738.50.

Stocks closed lower Tuesday for only the second time in two weeks as China hinted at a slowdown.

However, reports on the U.S. housing market over the past two days have been encouraging and more of the same is expected Wednesday. The National Association of Realtors releases its report on previously occupied home sales for February at midmorning.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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