Author: Marley Jay
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Dow wipes out all gains for the year
NEW YORK • Stocks dropped again Tuesday as losses mounted for the world’s largest technology companies. Retailers also fell, and energy companies plunged with oil prices as the market sank back into the red for the year. Oil prices tumbled 6.6 percent as Wall Street reacted to rising oil supplies and concerns that global economic…
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Stocks plunge again on wide selling; Dow drops another 545
U.S. stocks sank more than 2 percent Thursday, the second day of steep declines around the globe driven by concerns about rising interest rates and trade tensions. The Dow Jones Industrial Average dropped 546 points after dropping 831 points Wednesday. The two-day loss of 5.3 percent is the biggest for Dow since February. The S&P…
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Dow industrials sink 831 points as tech companies plunge
NEW YORK • U.S. stocks plunged Wednesday as investors, fearful that rising interest rates and trade tensions could hurt company profits, ramped up their selling of high-flying technology and internet stocks. The Dow Jones Industrial Average fell 831 points, its worst loss in eight months. The losses were widespread, and stocks that have been the…
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Facebook plunges to its worst stock loss in four years
NEW YORK — Facebook plunged to its worst loss in four years Monday and led a rout in technology companies. The social media company’s stock fell following reports that a data mining firm working for the Trump campaign improperly obtained data on 50 million Facebook users. The drop in Facebook stock came after the New…
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After lower open, US stocks bounce back after Monday plunge
NEW YORK — U.S. stocks are reversing course Tuesday morning after sharp losses in the first few minutes of trading, raising hopes of a halt to a global sell-off in the stock market. The early gains follow the market’s steepest drop in six and a half years. Major indexes in Asia and Europe tumbled following…
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Dow drops 800 points, slump deepens
NEW YORK — The Dow Jones industrial average plunged more than 1,100 points Monday as stocks took their worst loss in six and a half years. Two days of steep losses have erased the market’s gains from the start of this year and ended a period of record-setting calm for stocks. Banks fared the worst…
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Bag the mistletoe, cut the booze: Office parties sober up
NEW YORK — ‘Tis the season to keep that office holiday party from adding to the list of workplace sexual misconduct scandals. With the names of Weinstein, Spacey and Lauer likely getting more mentions this year than Dancer, Prancer and Blitzen, employers are making sure their year-end staff merrymaking doesn’t generate more inappropriate conduct. There will be…
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Apple gain helps Dow crest 22,000 points for first time
NEW YORK — Stocks are mostly lower at midday Wednesday, but a big gain for Apple sent the Dow Jones industrial average above 22,000 for the first time. Movie theater companies and studios are tumbling after AMC Entertainment gave a weak forecast and said it will cut costs. Health care companies are down as prescription…
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US stocks wind up mixed as retailers rise, health care dips
NEW YORK (AP) — U.S. stocks hardly budged Monday as smaller firms and retailers rose while health care companies and banks declined. Chemical and mining companies rose as the dollar weakened. Precious metals rose as the dollar, already at its lowest levels in almost a year, weakened a bit further. Bond yields slipped, sending banks…
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US stocks slide further as banks and energy companies sink
NEW YORK — U.S. stock indexes are slipping for the second day in a row Wednesday as banks and small-company stocks continue to take steep losses. Energy companies are falling as the price of oil slides. That’s canceling out gains for drug companies and household products makers. KEEPING SCORE: The Standard & Poor’s 500 index…