Tag: new york mercantile exchange

  • 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…

  • Stocks Extend Weekly Loss to Four

    U.S. stocks dropped Friday and lost ground for the fourth straight week, as investors slashed their expectations for economic growth and corporate spending. The Dow Jones Industrial Average ended down 172.93 points, or 1.57%, at 10,817.65 and slid 4% for the week. The S&P 500 fell 17.12 points, or 1.50%, to 1,123.53 and slid 4.7%…

  • Stocks Closed Wild Week with Subdued Gains

    U.S. stocks ended higher on Friday, inspired by a strong rally in European markets, after one of the most volatile weeks in memory. The Dow Jones Industrial Average rose 125.71 points, or 1.13%, to 11,269.02 and lost 1.5% for the week. The S&P 500 gained 6.17 points, or 0.53%, to 1,178.81, down 1.7% for the…

  • Stocks End Higher, Break Losing Streak

    U.S. stocks closed higher Wednesday, clawing back from deep session lows and ending an eight-day losing streak of Dow.  The Dow Jones Industrial Average gained 29.82 points, or 0.25%, to 11,896.44. The S&P 500 rose 6.29 points, or 0.50%, to 1,260.34. The Nasdaq Composite rose 23.83 points, or 0.89%, to 2,693.07. President Barack Obama’s spokesman…

  • Stocks Wobbled after Losing Streak

    U.S. stocks erased mild opening gains on Wednesday as investors drew only limited cheer from a better-than-anticipated report on the labor front. The Dow Jones Industrial Average lately fell 39.55 points to 11,827.07. The Standard & Poor’s Index was off 3.85 points at 1,250.20. The Nasdaq Composite Index was down 4.48 points to 2,664.76. Private…

  • Stocks Ended with Losses on Debt Uncertainty

    U.S. stocks closed lower Thursday after deepening worries that a Congressional gridlock would lead to a U.S. debt default overshadowed some positive economic reports. The Dow Jones Industrial Averagelost 62.44 points, or 0.51%, to 12,240.11. The S&P 500 lost 4.22 points, or 0.32%, to 1,300.67. The Nasdaq Composite ended up 1.46 points, or 0.05%, to…

  • Stocks Open Mostly Off as Caterpillar Weighs

    U.S. stocks struggled Friday as Caterpillar’s profit missed estimates. The Dow Jones Industrial Average lately fell 57.59 points to 12,666.82. The Standard & Poor’s 500 Index was down 4.491 points to 1,339.31. The Nasdaq Composite Index was off 1,339.31 point to 2,834.26. Caterpillar Inc.’s second-quarter earnings surged 44%, but fell short of views, as machinery…

  • Stocks Sink on Debt Fears

    U.S. stocks closed with broad losses Monday,led by banks on concerns the United States and Europe were not coming to grips with the extent of their debt problems. The Dow Jones Industrial Average lost 94.57 points, or 0.76%, to 12,385.16. The S&P 500 slipped 10.70 points, or 0.81%, to 1,305.44. The Nasdaq Composite lost 24.69…

  • Stocks Drop on Debt Worries

    U.S. stocks fell in early trading on Monday as debt worries continued to hang over markets. The Dow Jones Industrial Average lately fell 95.97 points to 12,383.76. The Standard & Poor’s 500 Index declined 8.03 points to 1,308.11. The Nasdaq Composite Index was off 15.91 points to 2,773.89. Europe’s banking troubles and a debate over…