U.S. stocks mounted milestone-shattering run in 2017
The S&P 500 index finished the year with a gain of 19.4 percent, more than double its increase in 2016. The index notched 62 record highs this year.
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World’s wealthiest gain $1 trillion in 2017 on market exuberance
The richest people on earth became $1 trillion richer in 2017, more than four times last year’s gain, as stock markets shrugged off economic, social and political divisions to reach record highs.
Dow Jones industrial average closes above 24,000 points
Stocks powered to new highs on Wall Street on Thursday, giving the Dow Jones industrial average its biggest gain since March and putting it past 24,000 points for the first time.
Calumet Specialty warned by Nasdaq for delaying quarterly report
Indianapolis-based Calumet Specialty Products Partners announced Nov. 10 that it was “in the later stages of an enterprise resource planning (ERP) system implementation,” which delayed the third-quarter report.
Former heavy-hitter stockbroker Buck charged with fraud
Thomas. J. Buck, a former top investment broker who was fired by the local office of Merrill Lynch in 2015 after nearly 34 years with the firm, is now facing serious prison time, according to federal officials.
Celadon gets six-month extension from NYSE to avoid delisting
The extension gives Celadon until May 2 to file several delinquent quarterly and annual financial reports with the Securities and Exchange Commission.
Is U.S. economic recovery nearing its end after 8 years?
The chief investment strategist for Fifth Third Bank says the economy is in the seventh inning of its recovery, which is "good news." But headwinds in the labor market could be limiting the potential for growth.
Trump rejects idea of new caps on 401(k) savings in tax plan
President Donald Trump on Monday shot down reports that House Republicans were considering tweaking or capping one of the most popular breaks.
Dow passes 23,000 on another record-setting day for stock market
The Dow Jones industrial average, Standard & Poor's 500 index and Nasdaq composite index also finished at record highs.
Yellen sounds upbeat on economy, signaling likely rate hike
Federal Reserve Chairwoman Janet Yellen on Sunday sketched a bright outlook for the U.S. economy and for inflation prospects in coming months, saying the impact of the recent hurricanes will likely slow economic growth slightly but only temporarily.
First Internet Bancorp raises $44.8 million in secondary stock offering
The Fishers-based financial company announced late Tuesday that it had sold 1.65 million shares of common stock at $29 per share.
A puzzle for central bankers: Solid growth but low inflation
With the prospect of new leadership at the Federal Reserve within months, investors will be listening for any hint of shifting interest rate plans from the policymakers.
U.S. companies thank foreign sales for best earnings season since 2004
Of the 454 companies in the S&P 500 that have so far reported second-quarter results, 68 percent have beaten analysts’ average estimates for revenue and 78 percent have topped per-share earnings expectations.
Tech companies lead worst day for U.S. stock market since May
Brewing tensions between the U.S. and North Korea put investors in a selling mood again Thursday, dragging U.S. stocks lower for the third day in a row.
With 401(k) accounts booming, what should investors do?
Now that stocks are at record highs and the market is tranquil, it’s easy to feel comfortable leaving your account on autopilot.
UPDATE: Dow Jones industrial average tops 22,000 for first time
Apple Inc.’s 5 percent gain on Wednesday, sparked by an optimistic sales forecast, propelled the Dow Jones to another record high.
Duke Realty moving up to S&P 500 stock index
S&P Dow Jones Indices on Wednesday said the Indianapolis-based real estate investment trust would be moved from the S&P MidCap 400 index to the S&P 500 index starting July 26.
Trump administration calls for overhaul of Wall Street rules
The changes, outlined in a report released by the Treasury Department, urge federal agencies to re-write scores of regulations that bankers have frequently complained about in the seven years since the passage of the Dodd-Frank Act.
Analysts struggled to predict Anthem-Cigna outcome (but don’t tell them that)
The proposed $48 billion merger of Anthem and Cigna kept Wall Street experts guessing for months.
Celadon in danger of delisting by NYSE because of reporting failures
The delinquency occurred when Celadon’s auditor, BKD LLP, withdrew its reports on the trucking company’s financial statements for the periods ending June 30, Sept. 30 and Dec. 31 of 2016.