“Markets are reacting as though the four horsemen of the apocalypse just rode out of Trump Tower,” said Sean Callow, a foreign exchange analyst in Sydney.
The British pound fell as much as 11 percent against the dollar on Friday for its worst day in modern history, while $2.8 trillion was wiped off the value of world stocks — the biggest daily loss ever.
Investing for retirement, or any other objective, always carries risk. There are potential risks specific to 2016 that retirement investors should be aware of.
New York (AFP) — Wall Street stocks were little changed in early trade Wednesday with Apple posting modest gains after unveiling a spate of new products, including a mobile-payment system and a smartwatch. About 40 minutes into trade, the Dow Jones Industrial Average dipped 3.01 points (0.02 percent) to 17,010.86. The broad-based S&P 500 shed […]
New York (AFP) — Wall Street stocks Friday moved lower in early trade after the Labor Department reported the U.S. economy added just 142,000 jobs in August. About 50 minutes into trade, the Dow Jones Industrial Average dropped 35.69 points (0.21 percent) to 17,033.89. The broad-based S&P 500 shed 4.30 (0.22 percent) to 1,993.35, while […]
New York (AFP) — U.S. stocks traded flat early in Friday’s session, holding on to recent gains despite an escalation in Ukraine tensions and a disappointing report on consumer spending in July. Action remained light at the start of the holiday-lengthened final weekend of the summer. About 30 minutes into trade, the Dow Jones Industrial […]
New York (AFP) — The S&P 500 pushed back over 2,000 in early trade Tuesday, after closing short of the mark that it touched for the first time Monday. Solid U.S. economic data and some supporting company news, including positive earnings from electronics retailer Best Buy and a confirmation of the Burger King takeover of […]
Washington (AFP) — U.S. consumer confidence increased for a fourth straight month in August, the Conference Board said Tuesday, with views of the jobs market improving with the pickup in hiring nationally. The consumer confidence index rose to 92.4 from 90.3 in July, compared with 81.8 a year ago. It was the best level for […]
New York (AFP) — The S&P 500 topped the 2,000 mark for the first time Monday helped by more promises of economic support from the United States and European central banks. A fresh burst of merger activity also sparked buyers, with Switzerland’s Roche paying $8.3 billion for smaller pharmaceutical company InterMune, and fast-food chains Burger […]
New York (AFP) — Wall Street stocks Tuesday moved higher in early trade on a stream of generally solid earnings reports that suggest the U.S. economy is continuing to pick up momentum. About 40 minutes into trade, the Dow Jones Industrial Average advanced 73.55 points (0.43 percent) to 17,125.28. The broad-based S&P 500 gained 10.89 […]
New York (AFP) — U.S. stocks sank Thursday as news of a Malaysia Airlines passenger plane crash in Ukraine and suggestions it was shot down sparked worries of an escalating conflict with Russia. Near 1700 GMT, the Dow Jones Industrial Average dropped 43.74 (0.26 percent) to 17,094.46. The broad-based S&P 500 fell 9.58 (0.48 percent) […]
New York (AFP) – U.S. stocks Friday moved slightly higher in early trade as a positive outlook from tech giant Intel and merger news offset worry about sectarian conflict in Iraq. About 30 minutes into trade, the Dow Jones Industrial Average tacked on 3.36 points (0.02 percent) to 16,737.55 The broad-based S&P 500 edged up […]
By Brent Snavely, Detroit Free Press DETROIT — Chrysler lost $690 million during the first three months of the year because of costs of repaying debt and repurchasing shares held by a UAW trust. The Auburn Hills, Michigan, automaker said it spent $504 million to repay debt to the UAW Retiree Medical Benefits Trust and […]
By Jim Puzzanghera, Los Angeles Times WASHINGTON — European officials on Monday forecast stronger economic growth for the region, a major market for exports from the United States. The economy of the 28-nation European Union will expand 1.6 percent this year after just 0.1 percent growth in 2013, according to the spring forecast by the […]
New York (AFP) – U.S. stocks pushed higher in early trade Monday even as the West jacked up pressure on Russia with fresh sanctions over Ukraine. About 45 minutes into trade, the Dow Jones Industrial Average was up 99.51 points (0.61 percent) at 16,460.97. The broad-based S&P 500 gained 9.15 (0.49 percent) at 1,872.55, while […]
New York (AFP) – U.S. stocks Monday finished higher as solid earnings reports from Halliburton and others kicked off the busiest week of the quarterly earnings season. At the closing bell, the Dow Jones Industrial Average advanced 37.95 (0.23 percent) to 16,446.49. The broad-based S&P 500 rose 6.81 (0.37 percent) to 1,871.66, while the tech-rich […]
New York (AFP) – U.S. stocks Wednesday rose in early trade after a report showed a pickup in job creation in the private sector in March. About 40 minutes into trade, the Dow Jones Industrial Average gained 19.94 (0.12 percent) to 16,552.55. The broad-based S&P 500 tacked on 2.21 (0.12 percent) to 1,887.73, while the […]
New York (AFP) – The S&P 500 Tuesday closed at a new record as US stocks rallied following solid economic data and investor relief over U.S. Federal Reserve policy. The S&P 500 jumped 13.18 (0.70 percent) to 1,885.52, its first record close since March 7. The Dow Jones Industrial Average advanced 74.95 (0.46 percent) to […]
New York (AFP) – King Digital, the maker of the wildly popular video game Candy Crush, fell below its IPO price in initial trading Wednesday on the New York Stock Exchange Wednesday. Despite an overall rise in the market, King opened at $20.50 a share, below the company’s IPO price of $22.50. The shares fell […]
Tokyo (AFP) – Toyota is to buy back as much as 1.89 percent of its shares for 360 billion yen ($3.5 billion), raiding a growing corporate cash chest for the first time in five years, the Japanese carmaker said Wednesday. The world’s largest automaker said it will purchase up to 60 million shares over a […]
New York (AFP) – U.S. stocks surged in early trade Monday as investors shrugged off Crimea’s vote to secede from Ukraine and sanctions announced against Russia following the referendum. About 35 minutes into trade, the Dow Jones Industrial Average jumped 204.44 points (1.27 percent) to 16,270.11. The broad-based S&P 500 increased 15.94 (0.86 percent) to […]
New York (AFP) – U.S. stocks Monday tumbled in early trade as investors retreated from stocks and other riskier investments due to rising tensions in the Ukraine crisis. About 30 minutes into trade, the Dow Jones Industrial Average slumped 100.31 points (0.61 percent) to 16,221.40. The broad-based S&P 500 declined 9.16 (0.49 percent) to 1,850.29, […]
London (AFP) – European stocks fell on Wednesday, with sentiment weighed down by disappointing U.S. data, while the London market was also hit by news of a growth downgrade. The ruble fell to a record low level against the euro on concerns about growth in Russia and financial crisis in Ukraine. London’s benchmark FTSE 100 […]