As we approach another quarter and month end, with just four days to go, the Dow is on track for its best third quarter since 1939, the S&P is on course for its biggest Q3 gains since 1970, and the Nasdaq Composite is having its best Q3 since 1997, based on September 24 closing levels. Will the markets continue to hold on to gains or sell off by the end of the year?
Stocks ended lower Wednesday as the rally after the Federal Reserve's statement faded and investors began to worry that the central bank is inching closer to withdrawing stimulus measures that have propped up the economy. The Dow had briefly popped above 9,900.
The Dow crossed above 9,900 today before pulling back and is well within reaching the 10,000 psychological milestone. Here are some key stats on the Dow's rise, fall and recovery.
Stocks advanced after the Federal Reserve delivered one of its most optimistic statements in the past few years. The Dow more than doubled its gains after the announcement, sending the blue-chip index through 9,900 for the first time since last fall.
Stocks bounced around at the open Wednesday as the dollar slipped and investors remained a little jittery ahead of the Fed statement.
The new day opens with the Dow, the S&P 500, and the Nasdaq coming off fresh 2009 closing highs, with investors now squarely focused on 2:15 pm ET this afternoon. That's when the Fed's Open Market Committee issues its latest statement on interest rates and the economy.
U.S. stocks rose to fresh 2009 highs this week, as investors continue to bet that an economy recovery might be in place. The Dow Index is once again near the 10,000-mark.
Technical analysis shows stocks breaking out but the fundamentals are still giving investors pause.
Today is a quadruple-witch day. Quadruple-witching occurs on the 3rd Friday of every quarter when index futures, index options, stock options and stock futures expire on the same day. Here is a look at how quadruple-witches have affected the markets.
The world’s largest offshore wind farm was launched into full motion today in Denmark as green energy initiatives continue to gain momentum around the globe.
Technology became the first of the ten S&P 500 sectors to recover all of its losses incurred after Lehman’s bankruptcy one year ago.
The markets continued to inch up yesterday, posting gains for the seventh time in 8 days and are looking up again this morning on the open. While the Dow and S&P have mostly been up fractionally on those days over the past couple of weeks – string together those smaller gains, and notice they have rallied a notable 4% and 6%, respectively, since September 2.
One year ago today, "too big to fail" became a key topic of debate. As the markets were already digesting the Lehman Brothers bankruptcy, the insolvency of Bear Stearns, Bank of America's buyout of Merrill Lynch, and the government takeover of Freddie Mac and Fannie Mae, the possibilities that no company was safe or too big to fail was on investors panic stricken minds. When AIG received its first installment of bailout funds, failure was no longer an option.
Since Lehman Brothers filed for bankruptcy one year ago, a screen of the S&P 500 reveals that 82% of its components remain in the red to date.
Today is the midpoint for September and so far it is not as volatile as Septembers past. The Dow is up just over 1%, the S&P is up ~2.5% and the NASDAQ is up over 4% month-to-date. Here is a look at NYSE trading volume averages from the past three years.
One year ago on Sunday September 14, Lehman Brothers was scrambling before declaring bankruptcy later that night and Bank of America announced a deal to acquire Merrill Lynch. Here is a look at where major indices and stocks look one year later.
A year after the collapse of Lehman Brothers, one thing is clear: banks' ability to make quick money will take a hit, as shell-shocked regulators impose tighter rules on them.
U.S. stocks broke their five-day winning streak on Friday, as a pullback in oil prices led investors to take profits ahead of the weeking; however, all indices posted gains of nearly two percent or more for the week.
One year after Lehman Brothers’ failure, former employees remain haunted and confounded by the event. “It wasn't Lehman's employees who failed; it was the leadership,” says one ex- senior manager.
As I drove up the NJ Turnpike this morning, I could not help but to look over at the Manhattan skyline and reflect on a similar drive 8 years ago today and how things have changed since then. For the markets, the Dow closed yesterday at 9627, almost exactly where it was on Sept. 10, 2001.