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Showing posts with the label Stocks and Markets in the News | Wall Street at Close Report

U.S. Stocks Finished Sharply Lower: Stocks and Markets in the News | Wall Street at Close Report

By Kate Gibson NEW YORK (MarketWatch) -- U.S. stocks finished sharply lower Thursday, with all three indexes taking their hardest hit in more than a month, after Federal Bank of St. Louis President James Bullard played down thinking that a third round of quantitative easing is on the way. Bullard's comments to CNBC is "what has caused today's market swoon," said Kim Forrest, equity analyst at Fort Pitt Capital Group Inc. Down for a fourth session, the Dow Jones Industrial Average DJIA -0.88% fell 115.3 points, or 0.9%, to 13,057.46. The S&P 500 index SPX -0.81% declined 11.41 points, or 0.8%, to 1,402.08. The Nasdaq Composite

Stocks and Markets in the News | Wall Street at Close Report

U.S. stock market rallies on jobs, hope for Europe   NEW YORK (MarketWatch) -- U.S. stocks on Friday rallied, extending a winning run for the Dow Jones Industrial Average and the S&P 500 index into a fourth week, on renewed optimisim on Europe and after the July jobs report exceeded expectations. "The day started in the green in Europe," said John De Clue, a regional investment director at U.S. Bank. European Central Bank President Mario Draghi "all but said the ECB may reactivate the program where they step in to buy the bonds of peripheral countries to drive interest rates down," said De Clue. The 163,000 increase in payrolls last month "was a good number, but not enough to change the game," he added. The Dow Jones Industrial Average rose 217.29 points, or 1.7%, to 13,096.17, up 0.2% for the week. The S&P 500 index added 25.99 points, or 1.9%, to 1,390.99, leavin

Stocks and Markets in the News | Wall Street at Close: U.S. stocks up on jobs report; S&P 500 up 4th week

By Kate Gibson  NEW YORK (MarketWatch) -- U.S. stocks rose modestly Friday to notch a fourth week of gains for the S&P 500 and the Nasdaq Composite after another strong monthly jobs report bolstered the view of an economy on the mend. "The economy, while still growing at a below-average rate, is still improving," said Hank Smith, chief investment officer at Haverford Investments. "The revisions up the prior two months were a very important part of this jobs report," he added. The Dow Jones Industrial Average DJIA +0.11% rose 14.08 points, or 0.1%, to 12,922.02, leaving it off 0.4% for the week. The S&P 500 SPX +0.36% climbed 4.96 points, or 0.4%, to 1,370.87, up nearly 0.1% from the wee

Stocks and Markets in the News | Wall Street at Close: U.S. stocks suffer worst drop this year

By Laura Mandaro SAN FRANCISCO (MarketWatch) -- U.S. stocks dove Tuesday, suffering their worst one-day loss this year, as fears of an abrupt, damaging Greek debt default resurfaced amid speculation Greek bondholders would avoid a planned debt restructuring. The Dow Jones Industrial Average DJIA -1.57% fell 203.66 points, or 1.6%, to 12,759.15, its first loss of more than 200 points since November 23. The S&P 500 SPX -1.54% lost 20.97 points, or 1.5%, to 1,343.36, led by 2% declines in financials and industrial stocks. The Nasdaq Composite COMP -1.36% lost 40.16 points, or 1.4%, to 2,9