Wall Street suffered another bruising as the Russell 2000 small cap index fell into correction territory and the assault against tech stocks continued. Yields on the 10-year note dropped below 2.5 percent for the first time since October. Conway G. Gittens reports.
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Summary: Blue chips closed at a record high boosted by Merck’s drug approval; Momentum players like Netflix, Twitter, and Tesla rebound; Netflix boots membership fee; Apple investors pan Beats rumors. Conway G. Gittens reports.
Summary: Volatile day ends mixed, Yellen won’t raise inflation target; Dish CEO talks deal strategy, Alibaba’s ShopRunner deal. Bobbi Rebell reports.
A money-losing forecast by Amazon, weaker-than-expected results from Ford, and a backslide in progress between The West, Ukraine, and Russia punished the stock market on Friday. Conway G. Gittens reports.
Summary: Both Amazon and Microsoft earnings beat forecasts, Markets modest gains; GM profits plummet; Zimmer buying Biomet; Jobless claims rise. Bobbi Rebell reports.
Summary: Market friendly earnings from momentum players like Netflix and Gilead, along with a Facebook upgrade before its results, propel stocks back toward record levels. Conway G. Gittens reports.
Summary: The S 500 roars back with its best weekly gain since July, while the Nasdaq snaps a three-week slump aided by upbeat earnings from Morgan Stanley, Goldman Sachs and General Electric. Conway G. Gittens reports.
Summary: stocks were skittish Monday, rebounding but fluctuating wildly as bargain hunters and investors worried about a coming “correction” battled it out; Retail sales jump, Citigroup support stock buying. Conway G. Gittens reports.
Summary: Stocks staged a turnaround but biotech still weigh on markets; Nasdaq down almost 3 percent for week; CBS Outdoor, 2U debut; Income and Spending rise; Gold hits 6 week low. Bobbi Rebell reports.
Summary: Despite a strategy shift at Microsoft and hints of a new Amazon TV product tech stocks continue to falter; banks hurt by Citigroup Fed rejection; YouTube blocked in Turkey; Wall Street falls. Conway G. Gittens reports.
Summary: Candy Crush maker stumbles in market debut; Investors dislike Facebook buy of virtual reality head gear maker Oculus VR spree; Dish shares rally near 14-year high on deal-making speculation; Stocks fall led by tech and biotech. Conway G. Gittens reports.
Summary: A jump in consumer confidence to a six-year high helps Wall Street stop losing streak; new home sales fall again but old home prices rise; IRS says bitcoin should be taxed as property. Conway G. Gittens reports.