Independent voices from the TWT Communities
Stocks rose on Wall Street on Wednesday after the Federal Reserve stood by its plan to continue with aggressive measures to boost the economy.
U.S. stocks drifted lower in thin trading Monday, pulling the Standard & Poor's 500 index back from a five-year high.
A sharp drop in Apple's stock is pulling the Nasdaq down with it after the tech giant predicted weaker sales. Other market indexes were mixed.
An encouraging report on the labor market and better sales from Costco and other retail stores helped push the stock market higher Thursday.
U.S. stock prices are closing mixed, held in check by a warning from the huge package delivery company FedEx that its profits would be hurt because of a slowdown in the global economy.
The stock market bounced back Friday, a day after suffering its second-worst loss this year. The unlikely leaders: banks.
Major stock indexes dipped Tuesday as weak readings on consumer confidence gave investors little reason to extend the recent rally.
Stocks closed lower Tuesday for only the second time in two weeks after two reports suggested an economic slowdown in China, where blistering growth over the past three years has helped sustain the global economic recovery.
Stock market gains accelerated Thursday on indications that a deal to restructure Greece's debt would succeed. That news overshadowed a small increase in applications for unemployment benefits last week.
Now that the Dow Jones industrial average has closed above 13,000, an all-time high is in sight — just 1,160 points away. But the coast is not quite clear for the markets or the economy.
Reports that all countries using the euro could get their credit ratings downgraded deflated a morning rally in the stock market Monday. The Dow Jones industrial average closed up 78 points, giving back much of a 167-point gain from earlier.
Stocks surged Friday, erasing their losses for the week, after Italy and Greece moved closer to forming new governments and getting their financial crises under control. The Dow Jones industrial average jumped back above 12,000.
Stocks rallied Thursday after central banks in Europe and the United States announced a joint move to support European banks. Markets in Europe soared, gold dropped, and Treasury yields rose as traders moved out of the safest investments.
A broad rally broke a three-day losing streak in the stock market Wednesday as fears about Europe's debt crisis ebbed.
Stocks extended their September rally into a fourth week Monday as investors hoped for more moves by the Federal Reserve to prop up the economy.
"The idea that the Fed thinks that we are closer to the restoration of normality might be positive for the market," Mr. Gendreau said.
Investors may welcome signs that the economy is recovering well enough that it may no longer need support from the Fed, said Brian Gendreau, a market strategist at Cetera Financial Group.
