The S&P 500 could rise as much as 4 percent from current levels but ultimately finish 2014 just about where it started, David Joy of Ameriprise Financial tells CNBC.» Read More
Oct 17- A former UBS AG branch manager's pay discrimination case in Puerto Rico highlights behavior some lawyers say can give brokerages an edge in arbitration: breaking discovery rules. In May, a Financial Industry Regulatory Authority arbitration panel dismissed Carlos Capacete's claim that UBS paid him less than branch managers on the U.S. mainland.
BOSTON, Oct 16- Some of Wall Street's biggest names are licking their wounds as October lives up to its reputation as one of the market's roughest months. Morgan Stanley strategists said this week that their model portfolio through Monday had trailed the S&P by 3.6 percentage points due to bad bets on technology stocks, including GT Advanced Technologies, the...
*Caution after disappointing China, U.S. inflation readings. NEW YORK, Oct 15- Stocks took a pounding on Wednesday, although Wall Street managed to peddle back from its steepest lows, and safe-haven government debt prices rose after U.S. and Chinese inflation data fanned worries about a global slowdown. A key gauge of Wall Street anxiety hit its highest level since...
*Russell 2000 index ends 1 pct higher. Small-caps and energy shares, which have been among the market's weakest performers, provided some of the late-day support, with the Russell 2000 index ending up 1 percent and the S&P energy index up 0.4 percent. Adding to the day's worries, a second nurse in Texas tested positive for the Ebola virus, a week after Thomas Eric...
NEW YORK, Oct 8- U.S. stocks soared and the dollar fell on Wednesday on a wave of investor relief after the Federal Reserve said it does not plan to hike interest rates before the economy can support an increase. Data and forecasts out of China, Spain and Germany this week indicated economic weakness. "If at the end of the day what we are left with is slowing global growth...
WASHINGTON, Oct 3- U.S. employers stepped up hiring in September and the jobless rate fell to a six-year low, bolstering bets on a Federal Reserve rate hike in mid-2015. U.S. non-farm payrolls rose by 248,000 last month and the jobless rate fell two-tenths of a point to 5.9 percent, the lowest since July 2008, the Labor Department said. "As demand is continuing to...
NEW YORK, Aug 25- The U.S. S&P 500 stock index broke through the landmark 2,000 level on Monday, marking a six-year rally which has benefited many Americans from Wall Street to Main Street. "I continue to think this bull market has several years to go," said Steven Einhorn, vice chairman of hedge fund Omega, which manages $10.5 billion.
NEW YORK, Aug 22- U.S. stocks have been on a roll of late, with the S&P 500 hitting the latest in a series of records on Thursday, and investors expect the index's momentum to soon carry it to- if not far past- the 2,000 milestone.
NEW YORK, July 10- Stocks slumped worldwide on Thursday and investors flocked to safe-haven government bonds and gold on fears problems at Portugal's biggest listed bank could herald a wider slump for riskier assets. European stock markets were hit hardest as trading in Banco Espirito Santo was halted after a 19 percent drop.
NEW YORK, July 10- Stocks slumped worldwide on Thursday as investors flocked to safe-haven government bonds on fears problems at Portugal's biggest listed bank could herald wider problems for riskier assets. European stock markets were hit hardest as trading in Banco Espirito Santo was halted after a 19 percent drop.
NEW YORK, June 23- The Financial Industry Regulatory Authority has withdrawn a proposal that would require brokers to disclose to customers signing bonuses and other compensation they receive to move to a new firm, but it plans to refile it later this year.
April 28- Financial services company Ameriprise Financial Inc reported a 19 percent rise in first-quarter profit, driven by strong income from its wealth management business and said it would buy back an additional $2.5 billion in stock.
The bond market does not appear to setting off major alarm bells, David Joy, chief market strategist of Ameriprise Financial, told CNBC on Friday.
Companies in the news after the bell Tuesday.
Market watchers who appeared on CNBC's "Squawk Box" on Tuesday were holding out hope the stock market decline are just a blip.
Mutual fund companies are feeling the heat to use social media including Facebook, Twitter, and LinkedIn as venues through which they can reach clients and prospective investors.
For most of us, retirement planning involves dreaming. But a new survey shows that reality can intrude in unexpected and expensive ways.
After a temporary drop in the second half of March, short interest is back on the rise.
Some of the names on the move ahead of the open.
The markets and the economy will move past the Boston bombings "relatively quickly," but there may be some "lingering impact," Ameriprise Financial's chief market strategist says.