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MOSCOW (AP) — European stocks inched up Monday morning in spite of investors’ lingering concerns that the G-8 leaders had failed to provide a concrete plan to solve the European debt crisis.
Traders both in Europe and Asia were kept on edge by worries about the economic future of Greece and whether it would exit the 17-country euro currency union.
The markets got back their mojo Tuesday, with the S&P 500 gaining 1.6%, the Nasdaq climbing 1.8%, and the Dow Jones Industrial Average jumping 1.5%. Apple, the stock that broke the market’s back in recent days, rocketed 5.1% higher, erasing the massive losses it posted Monday.
It’s been a heady week for the markets: The Dow Jones Industrials burst through 13,000; the Nasdaq skipped over 3,000 for the first time since 1999; and yesterday the S&P500 topped 1,400 for the first time in almost four years. Meanwhile, the US Treasury market took it on the chin because any hint of good [...]
The 2012 “Forbes’ Billionaires List” generates a lot of coverage on how the most wealthy make and spend their money. Overlooked is how regular investors can cash in on these billionaires’ success.
Facebook filed documents Wednesday with the SEC in preparation for one of the most anticipated initial public offerings in recent memory. The word on Wall Street is that the IPO will raise at least $5 billion for the firm. How does that stack up against past IPOs? According to Renaissance Capital, it would place Facebook as the 12th [...]
This may be one of those rare moments when market strength is a signal of growing danger, rather than a sign of better times to come.
Stocks, they are a’ tumbling…again. Asian markets plummeted overnight, after the Dow Jones Industrial Average closed down 3.7% Thursday. The question on everyone’s mind: is this really the start of a new recession, or is the market oversold? The fact is, even the world’s savviest investors don’t seem to know how to play the latest [...]
Will Ben Bernanke ride to the rescue? And how? In recent months the Federal Reserve Chairman has given the impression that he and the other policy members on the Fed’s board have no plans to launch any new stimulus efforts. But the question now is whether the market gyrations, including a 600 point drop in [...]
Where were you the day the market dropped nearly 700 points in 20 minutes? Don’t remember. You’re not alone. May 6th was the one-year anniversary of the so-called Flash Crash. It came and went without much fanfare. But on the day of the event a year ago and for a few months after, it seemed [...]
It’s more than just what on the floor (Photo: Mike Segar/REUTERS) For the second day in the row, the US stock market plunged, and then bounced back. Hurt, yes, but shares were not beaten, even as investors had to worry about the double whammy of concerns of nuclear contamination in Japan and a housing report [...]
