Tag: news

Stocks May Turn In Another Lackluster Performance

Posted on by The INO.com Team

(RTTNews) - After showing a lack of direction over the course of the previous session, stocks may continue to experience choppy trading on Tuesday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures up by just 5 points.

With the markets scheduled for an early close, trading activity is likely to remain subdued as some traders look to get a head start on the Independence Day holiday on Wednesday.

A relatively light day on the economic front may also keep traders on the sidelines, although the Commerce Department is scheduled to release its monthly report on factory orders at 10 am ET. Continue reading "Stocks May Turn In Another Lackluster Performance" →

Stocks mixed as American manufacturing slows

Posted on by The INO.com Team

(RTTNews) - After ending the previous session sharply higher, stocks showed a lack of direction over the course of the trading day on Monday. The major averages bounced back and forth across the unchanged line before ending the session mixed.

While the major averages all moved to the upside going into the close, the Dow remained stuck in the red. The Dow edged down 8.70 points or 0.1 percent to 12,871.39, while the Nasdaq rose 16.18 points or 0.6 percent to 2,951.23 and the S&P 500 crept up 3.35 points or 0.3 percent to 1,365.51. Continue reading "Stocks mixed as American manufacturing slows" →

Oil falls below $84 amid waning EU euphoria

Posted on by The INO.com Team

By PABLO GORONDI
Associated Press

The price of oil fell below $84 a barrel Monday, unwinding some of the massive gains made Friday, when investors cheered the latest EU plans to tackle the continent's debt and economic woes. Signs of an economic slowdown in China also weighed on markets.

By early afternoon in Europe, benchmark oil for August delivery was down $1.35 at $83.61 a barrel in electronic trading on the New York Mercantile Exchange.

In London, Brent crude for August delivery was down $1.50 at $96.30 per barrel on the ICE Futures exchange.

On Friday, crude soared $7.27 to close at $84.96 in New York after the leaders of the 27 European Union countries said that they would seek to centralize regulation of European banks and, if necessary, bail them out directly, instead of funneling loans through governments that already have too much debt.

The EU said it also plans to ease borrowing costs for Italy and Spain, the third- and fourth-largest of the 17 economies that use the euro, stop mandating painful budget cuts to every country in need of emergency financial aid and tie their budgets, currency and governments more tightly. Continue reading "Oil falls below $84 amid waning EU euphoria" →

Oil soars 9 pct as Europe moves to tackle crisis

Posted on by The INO.com Team

By CHRIS KAHN
AP Energy Writer

(AP:NEW YORK) Oil soared the most in more than three years after European leaders took surprisingly aggressive steps meant to halt a debt crisis that has undermined the regional economy.

Benchmark U.S. crude jumped by $7.27, or 9.4 percent, on Friday to end the week at $84.96 per barrel in New York. Brent crude, which helps set the price of imported oil, rose by $6.44, or 7 percent, to $95.51 per barrel in London.

The surge could end a nearly three-month decline in U.S. gasoline prices. The national average for gas had declined from $3.94 per gallon in the first week of April to $3.35 on Friday. Continue reading "Oil soars 9 pct as Europe moves to tackle crisis" →

401(k) fee transparency rules take effect Sunday

Posted on by The INO.com Team

By The Associated Press

Federal disclosure rules that go into effect Sunday will make it easier for workers and retirees to see how much their 401(k) accounts are being docked in fees.

As of July, 401(k) providers must clearly disclose to employers for the first time the fees they charge the retirement savings plans for investment management, record keeping, administration and other services. Continue reading "401(k) fee transparency rules take effect Sunday" →