The major stock benchmarks rallied Friday but were lower last week, with the Nasdaq leading the way lower after reaching new highs. In a heavy week of tech earnings, the Nasdaq lost 1.5% and broke a seven-week winning streak. The Nasdaq on Tuesday posted a record-high close of 18,712. The index finished 2.5% below Tuesday’s…
It was a wild week, with the bond market in the driver’s seat. Rising yields early on gave way to some moderation, and the Nasdaq hit an all-time high on Friday. The Nasdaq did not finish above its July record-high close of 18,647 but ended less than a half-percent away. The tech-heavy index also eked…
Wall Street extended its weekly winning streak to six in a row. Earnings drove the stock market higher — can they do it again in the week ahead? The S & P 500 and the Dow both closed Friday at new record highs and turned in their best weeks of the year. But on a…
The good times are still rolling on Wall Street. An intensifying earnings season will put that momentum to the test. The S & P 500 ended Friday at a record high, buoyed by strong quarterly results from Club holding Wells Fargo and other major financial firms, which reinforced the idea of a healthy U.S. economy….
Friday’s rally on a strong jobs report gained momentum into the close and pushed the stock market into the green for the week. The S & P 500 , the Dow , and the Nasdaq just barely overcame Tuesday’s sharp losses on rising tensions in the Mideast that boosted oil prices and the CBOE volatility…
The S & P 500 index dipped Friday but logged its third straight weekly gain on the back of three record closes last week. For the week, the S & P 500 rose just over 0.6%; the Dow Jones Industrial Average , which closed at another record Friday, gained almost 0.6%; the Nasdaq advanced nearly…
The Federal Reserve kicked off its long-awaited easing campaign with a bang this week, cutting the federal funds by hefty 50 basis points. Investors viewed the aggressive reduction — the first in four years — as largely positive, with the three averages all finishing in the black. The S & P 500 advanced 1.36%, while the…
The first two trading weeks of September have whiplashed investors. Last week was strong as stocks staged a comeback following favorable updates on inflation and a slew of companies at various analyst conferences. September is known as the worst month of the year for stocks. While all three Wall Street benchmarks are still slightly lower…