From its May 2011 high, the index is down about 19 percent, very close to the 20 percent decline required for a bear market.
This past quarter was miserable for bullish U.S. stock investors. The bad news is, things may get worse before they get better.
U.S. stocks are the asset class to be in, Jeremy Siegel, a Finance Professor at the Wharton School of the University of Pennsylvania, told CNBC.
Gold rose more than 1 percent on Friday but was on track for its biggest quarterly gain this year as concerns that the euro zone debt crisis was far from resolved weighed on stock markets and the euro, lifting interest in bullion as an alternative.
Stock index futures pointed to a weaker open for equities on Wall Street on Friday, with futures for the S&P 500, Dow Jones and Nasdaq 100 down 0.6 to 0.8 percent.
Spooked by the U.S.' recent budget standoff in Washington and the European debt crisis, U.S. chief executives' view of the economy deteriorated sharply in the third quarter, a survey released on Thursday found.
Shares of online retailer Amazon.com (Nasdaq: AMZN) jumped on Wednesday after the company unveiled its new, cheaply priced Tablet computer called Kindle Fire as a potential challenger to Apple Inc.’s (Nasdaq: AAPL) celebrated iPad. But is it really a case of apples and oranges?
THE ISSUE: The S&P Indices/Case Shiller recorded a fourth consecutive month of increases. Existing home sales jumped in the latest report. Low-rate mortgages have boosted affordability measures. Is it time for investors to start looking for real estate?
House prices in the United States are about to end a five-year-long decline but a meaningful recovery is a number of years away owing to a structural deficit in demand, according to analysts.
Stocks were little changed on Wednesday after a three-day rally as investors waited to see if an audit of Greece's finances would lead to granting more aid to the country to avoid default.
Home prices in the 20-city Case Shiller Index rose for the fourth straight month in July, but the operative phrase remains: let the buyer beware. Demand conditions in most major U.S. cities remains soft, and even though home prices are attractive now, price retrenchments are possible.
European government officials and financial institutions are starting to make dramatic steps needed to manage their way through a debt crisis that threatens to drag the world economy into recession.
Spot gold rallied more than 1 percent and U.S. gold futures as much as 4 percent on Tuesday, snapping four consecutive sessions of losses as a weaker dollar helped battered commodities stage a comeback.
The Dow Jones industrial average on Friday suffered its worst week since the depths of the financial crisis in 2008, stung by severe anxiety over Europe's spiraling debt crisis and a warning from the Federal Reserve about the U.S. economy.
In years past, gold often acted as a safe haven when stocks were falling, and it hit a record in August while equities struggled. Now, however, it's mired in its worst selloff in decades. What does it mean for investors who see gold as a core portfolio holding?
The Dow Jones industrial average on Friday suffered its worst week since the depths of the financial crisis in 2008, stung by severe anxiety over Europe's spiraling debt crisis and a warning from the Federal Reserved about the U.S. economy.
The Dow Jones Industrial Average plummeted in Thursday trading, dropping more than 3 percent at certain times after Federal Reserve chairman Ben Bernanke introduced Operation Twist to jump-start the slumping economy.
The U.S.-based Standard and Poor credit ratings agency upgraded Turkey's local-currency sovereign credit rating to investment grade for the first time in history, highlighting the country’s relatively strong financial condition compared to its neighbors in Europe.
Gold rose Tuesday after Standard & Poor's downgraded Italy's debt, the latest in a series of blows to the eurozone and endorsements of precious metals, at least in the eyes of investors who want safe-havens.
Although the Rome government recently approved a 54 billion euro ($74 billion) austerity budget, S&P complained it was insufficient to meet the country’s fiscal problems.
Standard & Poor's cut Italy's credit rating on Tuesday in a surprise move that increased strains on the debt-stressed euro zone and raised pressure on policymakers to take more decisive action to resolve the crisis.
Gold held steady on Tuesday, after Standard and Poor's downgrade of Italy's credit rating, while a stronger dollar weighed on sentiment ahead of a key U.S. Federal Reserve policy meeting.