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  • Week-long decline for US stocks continues

    The benchmark gauges were unable to end their week-long losing streaks Wednesday, as speculation over the pace and timing of Fed cuts continued to weigh on investors. The Standard and Poor’s 500 registered its first three-day decline since June 12, falling almost 0.4 percent to 1,690.91. The Dow Jones Industrial Average followed suit, declining more

  • Stocks tread water in the dog days of summer

    Stocks in the US started off on a sour note on the heels of Asia’s disappointing equity performance which had the Nikkei down near 4%.  Investors seemed to shrug off Tuesday better than expected trade deficit which will likely have a number of analysts increasing their second quarter GDP growth numbers. On Tuesday the Commerce

  • US stocks fall for a second consecutive day on Fed

    Concern over the pace and timing of US Federal Reserve bond tapering dictated investment decisions Tuesday, as the benchmark gauges all declined on fears. The S&P 500 and Dow Jones Industrial Average suffered their second consecutive day of declines. The S&P ended the New York session further away from its Friday record high of 1,709.67,

  • Stocks move lower led down by consumer stocks

    Stocks in the US opened slightly lower on Tuesday, as traders continue to look for clues on futures tapering of the FOMC’s bond purchase program.  Earnings data has been slightly better than expected with nearly 68% of the companies that have reported, beating expectations.  The Russell 2000 continues to be the leader, touching new all–time

  • US stocks fall on Fed’s Fisher comments

    The benchmark gauges took a tumble Monday following comments from Federal Bank of Dallas President Richard Fisher. As one of the Fed’s most outspoken critics of quantitative easing, Fisher warned investors not to rely on the central bank’s monthly asset purchase program. Speaking in front of an audience in Portland, Oregon, the Dallas Fed President

  • Stocks end mixed after solid PMI services data

    US stocks started off with defensive tone, as yields continued to climb based on stronger than expected data.  Although Friday’s non-farm payroll report was weaker than many economists’ expected, strong manufacturing data along with service data released on Monday, put the September tapering of FOMC bond purchases back in the headlines. On the economic front,

  • S&P 500 soars above 1,700 on Fed, US data

    The Standard & Poor’s 500 joined the other benchmark indices on their way to the top Thursday following several high profile data releases. The S&P 500 broke the 1,700 barrier, as ten of its main industries advanced. The S&P edged up more than 1.2 percent to close the New York session at 1,706.87. The NASDAQ

  • Berkshire Hathaway reports second quarter strength

    With the help of investing legend Warren Buffett, the publicly traded conglomerate Berkshire Hathaway (NYSE:BRK.A) has performed very well so far this year. Shares have moved to the upside by nearly 30% going into its second quarter results after the market close on Friday. Following the results shares rose slightly to the upside, 0.75%, on

  • Stocks shrug off weak jobs report
    Stock market »

    Stocks shrug off weak jobs report

    August 3, 2013, 08:56 GMT

    Stocks in the US held Thursday gains initially as the payroll number released by the Department of Labor was somewhat on the soft side.  With expectations climbing going into the release by the Labor Department many economists believe the payroll report was going to show a blowout number above 200K and were somewhat surprised by

  • Activision slumps on popularity declines

    Following what was an incredibly strong session, Activision Blizzard (NASDAQ:ATVI) reported the results of its second quarter. Prior to the announcement company shares traded higher by 1.20%, yet during the after hours session shares slide by 2.01% as fears from the street surfaced. The well-known publisher of video game titles including Call of Duty and