Tag: market news

Stocks moved modestly higher over the course of the trading day on Wednesday, although buying interest remained subdued. Lingering uncertainty about the near-term outlook for the markets helped to keep traders on the sidelines.

The major averages gave back ground going into the close but managed to end the day posting slim gains. The Dow inched up 13.32 points or 0.1 percent to 13,577.96, the Nasdaq crept up 4.82 points or 0.2 percent to 3,182.62 and the S&P 500 edged up 1.73 points or 0.1 percent at 1,461.05.

The modest strength on Wall Street was partly due to news of additional stimulus from the Bank of Japan, although the bank's decision to increase its asset purchase program by 10 trillion yen was largely seen as symbolic since the purchases are exclusively earmarked for 2013. Continue reading "Stocks Close Modestly Higher Amid Light Trading" →

Strong U.S. housing figures helped stocks remain in positive territory on Wednesday after an earlier bout of optimism in the wake of further stimulus measures from the Bank of Japan ran out of steam.

The market mood picked up after the National Association of Realtors revealed that sales of previously occupied homes jumped in August to the highest level in more than two years. Sales were up 7.8 percent at a seasonally adjusted annual rate of 4.82 million, the most since May 2010, when sales were fueled by a federal home-buying tax credit.

The existing home sales figures came hot on the heels of fairly solid housing starts figures for August and fueled hopes that the U.S. housing market is on the mend. A more robust U.S. housing market is considered a key requisite for the economy to rebound. Continue reading "Housing figures shore up markets" →

I thought I would share this cool list that the AP puts out every day. I find it to be a useful tool - Jeremy

(AP:NEW YORK) A look at New York Stock Exchange 10 most-active stocks at the close of trading:

Advanced Micro Devices Inc. fell 9.7 percent to $3.62 with 79,444,500 shares traded.

American International Group fell 1.0 percent to $34.40 with 24,988,300 shares traded.

Bank of America Corp. fell .8 percent to $9.23 with 145,339,200 shares traded. Continue reading "Most active New York Stock Exchange-traded stocks" →

(RTTnews)After showing a lack of direction throughout morning trading on Thursday, stocks moved substantially higher in the afternoon amid a positive reaction to the Federal Reserve's highly anticipated monetary policy announcement.

The major averages moved roughly sideways going into the close, ending the day sharply higher. The Dow jumped 206.51 points or 1.6 percent to 13,539.86, the Nasdaq surged up 41.52 points or 1.3 percent to 3,155.83 and the S&P 500 soared 23.43 points or 1.6 percent to 1,459.99. Continue reading "Stocks Rally On Positive Reaction To Fed Announcement" →

The stock market edged higher Wednesday after a court cleared the way for Germany to participate in a European rescue fund. Attention shifted to the Federal Reserve, which began a big two-day meeting.

The highest court in Germany ruled that the country could contribute to Europe's $640 billion rescue fund to help indebted governments. The ruling offered investors relief, but not much more.

The issue was "more speed bump than hurdle," Dan Greenhaus, chief global strategist at the brokerage BTIG, told clients. "More legislative and political challenges lay ahead. Today's ruling simply does nothing to change that larger story." Continue reading "Stocks rise, and investors wait for the Fed" →