The Dow Jones industrial average rocketed more than 600 points Wednesday, its biggest one-day gain in seven years, snapping a six-day losing streak that had Americans nervously checking their investment balances.
Stocks surged Tuesday morning on Wall Street, erasing some of the heavy losses of a day earlier, after China cut interest rates to try to boost the world's second-largest economy.
The Standard & Poor’s 500 Index fell into a correction Monday for the first time since 2011 in one of the most volatile trading days ever, as a rout in global equity markets deepened.
A wave of fear triggered by instability in China initially doused U.S. stocks on Monday morning, but then quickly receded by noon.
Major U.S. stock indexes dropped more than 4 percent following the opening bell after China's stock market fell Monday by its biggest margin in eight years.
The U.S. stock market endured its worst performance in 18 months on Thursday, driven lower by another slump in Chinese shares and heavy selling by technical traders.
The Standard & Poor’s 500 index sank 1.4 percent Wednesday morning, giving it the worst two-day retreat since January and erasing its gain for 2015.
The New York Stock Exchange halted trading for 3-1/2 hours Wednesday because of a computer malfunction, forcing traders to route orders elsewhere in a drama that also highlighted the resilience of U.S. market structure.
Equity trading was halted Wednesday at the New York Stock Exchange as the biggest American share venue addressed a computer malfunction and canceled open orders.
Alex Glass will be sworn in as securities commissioner on July 1, replacing interim commissioner Brandon Clifton, who has been filling the role for the past month after the abrupt resignation of Carol Mihalik.
The struggling appliance and consumer electronics retailer, must be suffering from a bout of buyer’s remorse these days after plowing more than $150 million into share repurchases over the past four fiscal years.
The takeover game is rampant among U.S. health insurers and stock investors are filling the stands.
Two hedge funds have been beefing up stakes in Indianapolis-based Noble Roman’s, a 43-year-old pizza chain with a depressed stock price and an evolving business model.
Many analysts predict that if the economy keeps improving, the Fed will raise its key short-term rate in September. That rate has been held near zero since 2008.
Stocks have sagged in the past two weeks as investors try to assess if Federal Reserve policymakers will raise their benchmark interest rate later this year for the first time since the recession.
As the stock market climbs ever higher, professional investors are warning that some public companies are presenting misleading versions of their results to make it seem like they're doing better than they really are.
The International Monetary Fund is downgrading its outlook for the U.S. economy this year and says the Federal Reserve should wait until the first half of 2016 to start raising short-term interest rates.
Sardar Biglari conceded nothing after beating back a campaign to oust him and the five other directors of Biglari Holdings Inc., which owns Steak n Shake.
The last time the NASDAQ composite index was this high, Bill Clinton was president and your Internet connection was probably still dial-up.
Some fund managers tweak their strategies or fees when things aren’t going so well. But don’t look for Bob Auer, the fund’s 53-year-old senior portfolio manager, to do so.
