The adage 'as January goes, so goes the year' bodes ill for equity investors after the S&P 500 closed out its worst month in almost a year. In the coming week, they will have to contend with fears of sovereign defaults and the potential for unpleasant surprises in the U.S. labor market.
Technology stocks fell and commodities shares recovered in after hours trading on Friday after the sectors showed the biggest market drops during the regular session.
The stock market closed lower after climbing in early trading as enthusiasm over the U.S. Gross Domestic Product (GDP) faded and the signs of risk aversion returned.
Stocks dropped on Friday, as worries about fiscal turmoil in Europe and a drop in technology stocks pushed the S&P 500 to its worst monthly decline since February 2009.
Stocks ended lower on Friday as investors pared exposure to riskier assets amid worries about fiscal turmoil in Europe.
Stocks fell on Friday, erasing an earlier advance, as worries about fiscal turmoil in Europe and a drop in technology stocks offset positive reports on the economy.
Nokia and Motorola Inc are regaining some market share in smartphones but while Nokia has profited from the gains, Motorola predicted a loss in the current quarter.
Chevron Corp , the second-largest U.S. oil company, posted a 37 percent drop in quarterly profit, missing analyst forecasts, as steep refinery losses offset gains from higher oil prices and production.
Stocks retreated to near breakeven in choppy trade on Friday, paring earlier strong gains as worries about fiscal troubles buffeting Europe offset reassuring reports on the economy.
Stocks retreated to near breakeven in choppy trade on Friday, paring earlier strong gains as worries about fiscal troubles buffeting Europe offset reassuring reports on the economy.
The stock market turned mixed in mid-day trading after rising sharply on Friday as the technology sector continues to weigh while retail stocks were among the biggest gainers.
Technology shares slipped while the Dow industrials trimmed its gain and the S&P 500 was flat on Friday, with Apple the top drag on the Nasdaq.
Toyota said its global safety withdrawal would take up to 1.8 million vehicles off Europe's roads and rival Honda announced its own recall, placing the vaunted pedigree of Japan's carmakers under fresh scrutiny.
Diversified U.S. manufacturer Honeywell International Inc set a first-quarter profit target that fell short of analysts' forecasts and its shares fell 4 percent.
U.S. stocks rose on Friday after GDP data showed the economy grew at a much faster pace than expected in the fourth quarter, while business activity in the U.S. Midwest hit a four-year high in January.
The US stock market is recovering from its loss yesterday as better than expected Gross Domestic Product for the fourth quarter of 2009 was reported at 8:30 am in New York. The S&P 500 Index is up 6.93 points, or 0.64 percent, to trade at 1,091.46 at 10:01 a.m.
U.S. stock index futures rose on Friday after forecast-topping profit reports from Microsoft Corp and Amazon.com Inc and ahead of a reading on the U.S. fourth-quarter gross domestic product.
Stock index futures pointed to a flat to higher open on Wall Street on Friday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.4 percent at 3:17 a.m..
After being hammered in the regular session, the tech sector is showing modest recovery in after-hours trading.
U.S. stocks dropped on Thursday as poor outlooks from Motorola and Qualcomm dented optimism in the technology sector while worries about Greece's fiscal health dragged on sentiment.
(Corrects paragraph 6 to read Fears that Athens ... and not News that Athens ... regarding ability to service debt)
The stock market closed down today on shaky economic data and plunging technology shares, despite news that Fed Chairman Ben Bernanke was confirmed for a second term.
Stocks dropped on Thursday as poor outlooks from Motorola and Qualcomm dented optimism in the technology sector while worries about Greece's fiscal health dragged on sentiment.
Stocks dropped on Thursday as poor outlooks from Motorola and Qualcomm dented optimism in the technology sector while worries about Greece's fiscal health dragged on sentiment.
NYSE Euronext , which runs the New York Stock Exchange, said on Thursday it had resolved stock quote delays that affected the NYSE and the NYSE Amex cash markets earlier in the session.
U.S. stocks were lower in mid-day trading on Thursday as technology stocks led the declines.
(Corrects quote in paragraph 5 to clarify Barry Ritholtz said Obama's speech could be a relief to some traders, not that he finds it a relief.)
U.S. stocks slid further on Thursday, sending the Nasdaq index down more than 2 percent, as the appetite for riskier assets ebbed and materials and technology shares slumped.
Billionaire investor George Soros said on Thursday that the Chinese stock market is overheating.
Tech stocks dropped in morning trading on Thursday as financials struggled to keep gains, S&P 500 edges down.