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U.S. stocks surged Thursday, driving the Dow industrials to a record close on strong earnings from brokerages and other companies and an improving outlook for the U.S. economy.
The bulls made a run on Wall Street today with the Dow Jones Industrial Average making a 100-point push to set a new record close - ending the day above 12,400 for the first time. CNBC’s Melissa Lee had her “Eye on the Floor” during a busy trading day.
Shares of Costco Wholesale gave back some of today's gains after the retailer released earnings guidance below what analysts had been looking for.
Stocks closed slightly higher after giving back big gains from an early session surge.
U.S. stocks continued their year-end rally, making slight gains today as investors await tomorrow’s Fed meeting – the last of the year. While a change is not expected tomorrow, the meeting could provide hints of the Fed’s intentions for the coming year.
There will be plenty of news for investors to digest with several Dow heavyweights, including General Electric, Procter & Gamble, and Hewlett-Packard, all hosting analyst meetings this week.
Susan Decker joined Yahoo! six years ago as chief financial officer just as the tech bubble was about to burst. As she assumes a new role the company, Yahoo! faces a host of new challenges as it struggles to revive its revenue growth and compete against Google .
After being out of vogue for years, department stores are making a big comeback this holiday season.
Stocks closed mostly lower amid higher oil prices and a surprising decline in Midwest business activity.
November sales got off to a weak start because of unuseasonably warm weather, but some retailers overcame those early losses with big discounts and extended sales leading up to Black Friday.
Retailers reported mixed November same-store sales, with nearly half falling short of forecasts.