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Tag Archives: US stocks

Oil closes near $50 as US stocks claw back half ground lost after “Brexit” vote

oil price, Brexit

U.S. stocks were on track to close sharply higher in late-afternoon trading Wednesday, echoing strong gains in global markets as investor worries about Britain’s vote to leave the European Union eased. Traders also got encouraging data on U.S. consumer spending. Energy companies led the rally as the price of crude oil closed higher. Health care, industrials and financials stocks were ...

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Stocks fall before Fed meeting; LinkedIn soars on buyout

NEW YORK (AP) — U.S. and global stocks were lower Monday, as investors waited to see what the Federal Reserve would do with interest rates later this week and awaited the fate of Britain’s membership in the European Union. LinkedIn shares jumped after Microsoft announced plans to buy the company. KEEPING SCORE: The Dow Jones industrial average lost 44 points, ...

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US stocks tumble as oil prices drag energy companies down

NEW YORK (AP) — U.S. stocks are skidding Friday as a drop in oil prices takes energy companies sharply lower. Banks are falling again as bond yields continue to shrink. The losses wiped out most of the market’s gains from earlier this week. KEEPING SCORE: The Dow Jones industrial average sank 105 points, or 0.6 percent, to 17,879 as of ...

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After an early wobble, US stocks close higher

U.S. stocks rebounded from an early slide Thursday, nudging the Standard & Poor’s 500 index and Nasdaq composite to their highest close of the year. Health care companies led the comeback. Energy stocks declined the most following a meeting of OPEC ministers that ended without an agreement on crude production cuts. A late-afternoon reversal delivered the second gain in two ...

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Global stocks, oil edge up as OPEC weighs output deal

MANILA, Philippines (AP) — Global stocks and the price of oil edged higher Thursday as OPEC countries discussed ways to control production and re-assert their influence over energy markets. Investors were also keeping an eye on the European Central Bank for hints on the economic outlook. KEEPING SCORE: Britain’s FTSE 100 was up 0.5 percent to 6,220 and France’s CAC ...

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US stock indexes slip as consumer goods makers fall

NEW YORK (AP) — U.S. stock indexes are mostly lower Tuesday morning. Consumer goods companies are falling despite a report that showed spending by consumers jumped last month by the largest amount in six years. Major U.S. indexes are wrapping up a strong month that has brought them near their highest levels of 2016. KEEPING SCORE: The Dow Jones industrial ...

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Oil hits $50 for first time this year, helping stocks higher

LONDON (AP) — Stock markets around the world edged higher Thursday as traders interpreted the rise in oil prices to $50 a barrel for the first time this year as a positive sign for the global economy. KEEPING SCORE: In Europe, Britain’s FTSE 100 was up 0.1 percent at 6,271 while France’s CAC rose 0.7 percent to 4,511. Germany’s DAX ...

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US stocks barely budge as banks slip after two-day surge

NEW YORK (AP) — U.S. stocks are hardly budging Thursday morning after big gains over the last two days. Banks and chemicals companies are down the most. However retailers, which have been pummeled in recent weeks, traded higher following a group of strong earnings reports. KEEPING SCORE: The Dow Jones industrial average fell 2 points to 17,849 as of 10:15 ...

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Stocks move higher, led by technology and banks

NEW YORK (AP) — Stocks are climbing in morning trading Friday as investors respond to encouraging corporate news and dealmaking. The gains were broad. Eight of the 10 sectors of the Standard and Poor’s 500 index rose, led by banks and technology companies. KEEPING SCORE: The Dow Jones industrial average rose 112 points, or 0.6 percent, to 17,547 at 11:11 ...

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US stocks gain in morning trading as crude oil rises

NEW YORK (AP) — Stocks rose on Wall Street Monday morning, led by gains in energy companies as the price of crude oil increased sharply. Marathon Oil jumped 6 percent and offshore driller Transocean rose 5 percent. Major U.S. stock indexes have fallen for three weeks in a row. KEEPING SCORE: The Dow Jones industrial average rose 125 points, or 0.7 ...

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