By MARTIN CRUTSINGER
AP Economics Writer
(AP:WASHINGTON) Orders for long-lasting factory goods edged up slightly in April but a key category that tracks business investment spending fell for a second straight month.
Orders for durable goods increased a slight 0.2 percent last month after a 3.7 percent decline in March, the Commerce Department said Thursday. Continue reading "US durable goods orders up 0.2 percent in April"
(RTTNews) - After showing a notable move to the downside in morning trading on Wednesday, stocks staged a significant recovery over the course of the afternoon. The volatility came as traders kept a close eye on developments in Europe.
The major averages eventually ended the session mixed, with the Dow stuck just below the unchanged line. While the Dow edged down 6.66 points or 0.1 percent to 12,496.15, the Nasdaq rose 11.04 points or 0.4 percent to 2,850.12 and the S&P 500 crept up 2.23 points or 0.2 percent to 1,318.86. Continue reading "Stocks Stage Significant Recovery"
(RTTNews) - After seeing a positive bias throughout much of the session, stocks showed a notable move to the downside in the latter part of the trading day on Tuesday. Buying interest reemerged in the final minutes of trading, however, and the markets ended the day roughly flat.
Most of the major sectors ended the day showing only modest moved following the volatility that was seen in the final hour of trading. Continue reading "Dow And S&P 500 Close Nearly Unchanged, Nasdaq Posts Modest Loss"
By CHRIS KAHN
AP Energy Writer
(AP:NEW YORK) Oil prices dropped near their lows for the year following warnings of a "severe recession" in Europe and an apparent easing of tensions over Iran's nuclear program.
Benchmark U.S. crude on Tuesday lost 91 cents to end the day at $91.66 per barrel in New York while Brent crude fell by 40 cents to end at $108.41 per barrel in London. Both contracts hit a low for 2012 on Friday at $91.48 and $107.14, respectively.
Oil has declined almost every day this month as elections in Greece and France threatened existing plans to fix the Continue reading "Oil closes near 2012 low today"
(RTTNews) - After falling sharply in recent weeks, stocks may move back to the upside in early trading on Monday. The major index futures are currently pointing to a moderately higher open for the markets, with the Dow futures up by 47 points.
The markets may benefit from bargain hunting following the recent pullback, which has dragged the major averages down to their worst levels in four months.
However, it is worth noting that stocks seemed poised for a rebound in a number of the past few sessions, but buying interest typically Continue reading "Stocks May Benefit From Early Bargain Hunting"
You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.
Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.
