Tag: news

Stocks Close Modestly Lower

Posted on by The INO.com Team

(RTTNews) - Stocks showed a negative bias throughout much of the trading day on Wednesday, ending the session modestly lower. A negative reaction to the minutes of the latest Federal Reserve meeting weighed on the markets, although stocks closed well off their worst levels of the day.

While the Dow and the Nasdaq ended the session firmly in negative territory, the S&P 500 closed roughly flat. The S&P 500 edged down 0.02 points or less than a tenth of a percent to 1,341.45, while the Dow fell 48.59 points or 0.4 percent to 12,604.53 and the Nasdaq slid 14.35 points or 0.5 percent to 2,887.98. Continue reading "Stocks Close Modestly Lower" →

Officials warn of looming crisis for economy

Posted on by The INO.com Team

By MARTIN CRUTSINGER
AP Economics Writer

(AP:WASHINGTON) The Federal Reserve is open toward taking further action to support the struggling U.S. economy. But minutes of the Fed's June meeting show policymakers are at odds over whether the economy needs more help now.

A few said the economy may already require additional support. But several others noted that further action "could be warranted" if the recovery lost momentum, if risks became more pronounced or inflation seemed likely to run below the committee's target.

Investors appeared to be disappointed by the division within the Fed. Continue reading "Officials warn of looming crisis for economy" →

Stocks fall for a fourth day as tech profits slump

Posted on by The INO.com Team

(AP:NEW YORK) Stocks are dropping for the fourth straight day Tuesday following a profit slump at technology companies and steep decline in oil prices, which sent energy stocks sharply lower.

A half-hour before the closing bell, the Dow Jones industrial average was down 106 points at 12,630.

Chip maker Advanced Micro Devices fell sharply after reporting that a slowdown in China and Europe led to an 11 percent slump in second-quarter revenue. The company had previously forecast a gain of 3 percent. Other technology companies also fell. Continue reading "Stocks fall for a fourth day as tech profits slump" →

US employers add 80,000 jobs as economy struggles

Posted on by The INO.com Team

By CHRISTOPHER S. RUGABER
AP Economics Writer

(AP:WASHINGTON) U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is still struggling three years after the recession ended.

The unemployment rate was unchanged at 8.2 percent, the Labor Department said in its report Friday.

The economy added an average of just 75,000 jobs a month in the April-June quarter. That's one-third of the 226,000 a month created in the first quarter. Continue reading "US employers add 80,000 jobs as economy struggles" →

Stocks Turning In Mixed Performance In Mid-Day Trading

Posted on by The INO.com Team

(RTTNews) - Stocks have turned mixed over the course of the trading day on Thursday after showing a notable move to the downside earlier in the session. Trading activity has remained subdued, contributing to a relatively lackluster performance on Wall Street.

The major averages currently remain on opposite sides of the unchanged line, with the Nasdaq posting a modest gain. While the Nasdaq is up 4.60 points or 0.2 percent at 2,980.68, the Dow is down 23.01 points or 0.2 percent at 12,920.81 and the S&P 500 is down 3.92 points or 0.3 percent at 1,370.10. Continue reading "Stocks Turning In Mixed Performance In Mid-Day Trading" →