Tag: hurricane irene
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Stocks Extended Gains to Third Day
U.S. stocks closed with mild gains Tuesday, as the mere discussion of more economic stimulus from the Federal Reserve was enough to send the markets higher. The Dow Jones Industrial Average rose 20.7 points, or 0.18%, to 11,559.95. The S&P 500 added 2.84 points, or 0.23%, to 1,212.92. The Nasdaq Composite ended up 14.00 points,…
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Financials Drove Market Higher
U.S. stocks closed near their highs of the day Monday, led by financial companies, as investors shrugged off Hurricane Irene and welcomed a better-than-expected showing for consumer spending.The Dow average gained 254.71 points, or 2.26%, to 11,539.25. The S&P 500 added 33.28 points, or 2.83%, to 1,210.08. The Nasdaq Composite ended up 82.26 points, or…
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Stocks Post First Weekly Gain in Five
U.S. stocks finished sharply higher on Friday, with Wall Street tallying its first winning week in five, after Federal Reserve Chairman Ben Bernanke signaled the economy is not in need of quick stimulus. The Dow Jones Industrial Average rose 134.72 points, or 1.21%, to 11,284.54, up 4.3% from last Friday’s close. The Standard & Poor’s…
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Stocks Finished Lower ahead of Bernanke Speech
U.S. stocks ended lower on Thursday to snap a three-day winning run ahead of a critical speech from Fed chairman Ben Bernanke. The Dow Jones Industrial Average fell 170.89 points, or 1.51%, to 11,149.82. The Standard & Poor’s 500 Index shed 18.33 points, or 1.56%, to 1,159.27. The Nasdaq Composite Index declined 48.06 points, or…
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Stocks Waver After Durable Good Report
Stocks erased losses to turn higher in early trading on Wednesday after government data showed new orders for long-lasting U.S. manufactured goods rose more than expected. The Dow Jones Industrial Average lately was up 69.18 points at 11,245.94. The Standard & Poor’s 500 Index rose 8.32 points to 1,170.67. The Nasdaq Composite Index gained 15.03…