Tag: news

Stocks Close Firmly Negative But Well Off Worst Levels Of The Day

Posted on by The INO.com Team

(RTTNews) - After moving sharply lower at the start of trading on Monday, stocks regained some ground over the course of the session but still ended the day firmly in the red. Renewed concerns about the financial situation in Europe weighed on the markets.

The major averages moved roughly sideways going into the close of trading, stuck firmly in negative territory. The Dow fell 101.11 points or 0.8 percent to 12,721.46, the Nasdaq slid 35.15 points or 1.2 percent to 2,890.15 and the S&P 500 dropped 12.14 points or 0.9 percent to 1,350.52. Continue reading "Stocks Close Firmly Negative But Well Off Worst Levels Of The Day" →

Stocks May Move Sharply Lower Amid Renewed Europe Worries

Posted on by The INO.com Team

(RTTNews) - Stocks are likely to come under pressure in early trading on Monday amid renewed concerns about the financial situation in Europe. The major index futures are currently pointing to a sharply lower open for the markets, with the Dow futures down by 210 points.

The downward momentum for the markets comes as worries about the ongoing European debt crisis have resurfaced amid indications that Spain could require a full bailout. Continue reading "Stocks May Move Sharply Lower Amid Renewed Europe Worries" →

Haunted by Europe, US market can't get ahead

Posted on by The INO.com Team

(AP:NEW YORK) For the past few days, the U.S. stock market was able to forget about problems in Europe.

Friday put Europe squarely back in the spotlight.

U.S. stocks fell sharply as escalating problems in Spain jolted investors. Spain's stock market plunged 6 percent and its borrowing costs spiked after a regional government asked for a financial lifeline.

The drop on Wall Street, which sent the Dow Jones industrial average down as much as 133 points, marked a U-turn for the market. Stocks had risen over the past three days as investors focused on healthy earnings from U.S. companies like Mattel, Honeywell and Coca-Cola. Continue reading "Haunted by Europe, US market can't get ahead" →

Market Close for 7/19/2012: S&P +3.73 DOW +34.66 NAS +23.39

Posted on by The INO.com Team

The September NASDAQ 100 closed higher on Thursday as it extended the rally off last week's low. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off last week's low, gap resistance crossing at 2686.50 is the next upside target. Continue reading "Market Close for 7/19/2012: S&P +3.73 DOW +34.66 NAS +23.39" →

IBM and other tech stocks rise

Posted on by The INO.com Team

(AP:NEW YORK) Strong earnings from IBM and other technology companies nudged the stock market higher Thursday, but a trio of weak economic reports kept the gains in check.

IBM surged 4 percent after it posted a jump in profits late Wednesday even as revenue fell. It marked the 38th consecutive quarter that IBM's net income rose over the previous year. IBM leapt $7.09 to $195.34.

The Dow Jones industrial average rose 34.66 points to close at 12,943.36 on Thursday, the third straight day of gains. Continue reading "IBM and other tech stocks rise" →