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Market Report
NEW YORK: Stocks retreated in the early going Wednesday as investors gave a sour response to Hewlett-Packard’s quarterly results and forecast, and mulled a steep drop in overseas markets.The Dow Jones industrial average (INDU) lost 72 points, or 0.9%, in the early going. The S&P 500 (SPX) index fell 9 points, or 0.9%. The Nasdaq… »
Market Report
NEW YORK: Stocks rallied Tuesday after Home Depot’s results and forecast and a few bright spots in the day’s housing market report gave investors a reason to dip back into the market after a two-session retreat.After the close, Hewlett-Packard (HPQ, Fortune 500) reported lower quarterly sales and earnings that topped analysts estimates.The Dow Jones industrial… »
Market Report
NEW YORK: Stocks slumped Friday, but managed to cut steeper losses by the close, after a weaker-than-expected consumer sentiment report raised worries about the strength of any economic recovery.The Dow Jones industrial average (INDU) lost 77 points, or 0.8%. The S&P 500 (SPX) index fell 8 points, or 0.9%. The Nasdaq composite (COMP) lost 24… »
Market Report
NEW YORK: Stocks turned lower Thursday as investors weighed the Federal Reserve’s improved outlook on the economy with a surprise drop in retail sales and rise in jobless claims.The Dow Jones industrial average (INDU) lost 45 points or 0.5% around 30 minutes into the session. The S&P 500 (SPX) index fell 4 points, or 0.5%…. »
Market Report
NEW YORK: Stocks struggled higher Wednesday, as investors weighed digging back in after a two-day selloff with caution ahead of the latest from the Federal Reserve.The Dow Jones industrial average (INDU) gained 34 points, or 0.4%, in the first 15 minutes of trading. The S&P 500 (SPX) index rose 3 points, or 0.3%. The Nasdaq… »
Market Report
NEW YORK: Stocks slipped Tuesday morning as investors looked to the Federal Reserve and a three-day Treasury auction for new indications on the health of the economy.The Dow Jones industrial average (INDU) lost 30 points, or 0.3% in the early going. The S&P 500 (SPX) index fell 4 points, or 0.4%. The Nasdaq composite (COMP)… »
Market Report
NEW YORK: Stocks eased Monday as investors took a step back after a big rally that pushed the Dow and S&P 500 to the highest levels in 9 months.The Dow Jones industrial average (INDU) lost 19 points, or 0.2%, in the early going. The S&P 500 (SPX) index lost 2 points, or 0.3%. The Nasdaq… »
Market Report
NEW YORK: Stocks gained early Friday after the government reported a surprise drop in the unemployment rate and a smaller number of job cuts than expected, raising hopes that the economy is stabilizing.The Dow Jones industrial average (INDU) gained 70 points, or 1.8%, in the early going. The S&P 500 (SPX) index rose 9 points,… »
Market Report
NEW YORK: Stocks turned lower Thursday, overcoming early gains, as Cisco’s weak outlook vied with a government report showing a bigger-than-expected drop in weekly jobless claims.The Dow Jones industrial average (INDU) lost a few points less than 30 minutes into the session. The S&P 500 (SPX) index fell 3 points or 0.3%. The Nasdaq composite… »
Market Report
NEW YORK: Wall Street started the session down on Wednesday after two reports pointed to continued deep losses in jobs. At the start of trade, the Dow Jones industrial average, Standard & Poor’s 500 and Nasdaq 100 all lost ground. On Tuesday, stocks ended higher, supported by a better-than-expected read on the housing market…. »