Trader Gregory Rowe, center, works on the floor of the New York Stock Exchange, Friday, Feb. 9, 2018. U.S. stocks wavered between small gains and losses in morning trading Friday, giving up some of a big jump that came right after the opening bell. The strong open came a day after the market entered a "correction" for the first time in two years. (Richard Drew/AP) Trader Robert Arciero works on the floor of the New York Stock Exchange, Friday, Feb. 9, 2018. U.S. stocks wavered between small gains and losses in morning trading Friday, giving up some of a big jump that came right after the opening bell. The strong open came a day after the market entered a "correction" for the first time in two years. (Richard Drew/AP) Trader Jeffrey Vazquez, right, works on the floor of the New York Stock Exchange, Friday, Feb. 9, 2018. U.S. stocks wavered between small gains and losses in morning trading Friday, giving up some of a big jump that came right after the opening bell. The strong … [Read more...] about Late rally helps US stock market close up in worst week in 2 years
Stock market closing prices
A problem of sustained market growth is having to rebalance portfolios to original target allocations by selling good investments. Howard Hook Last year, 2017, marked the ninth straight year that the U.S. stock market closed higher than the previous year. This in itself is quite remarkable, as this has happened only once before over the last 48 years. If next year is a positive year, it will be the longest streak of positive years ever measured from 1928 through the present time. To create a solid financial plan, start with small steps Some reading this will interpret it as a sign that a major correction is coming. They may be right, but for now that is a discussion for another day. For today, however, as we move into the latter half of January, thoughts turn to rebalancing portfolios and generating cash to provide for client monthly withdrawals. One of the problems that sustained market growth causes is the need to rebalance your portfolio back to your original target … [Read more...] about Stock market growth means it’s time to rebalance your portfolio
There is a lot of tension on Wall Street. The stock market has stalled near record highs. And the Federal Reserve is about to boost interest rates for the first time in nearly a decade. What better time to hear what some of Wall Street's top strategists and money managers expect for 2016? This is the first of five interviews in a week-long rollout of the USA TODAY 20th Investment Roundtable. USATODAY.com will publish a daily installment on next year's investment outlook from top Wall Street pros leading up to the full Roundtable with all of the market pros' advice and stock picks in our print edition. Coming next, later Monday: 2016 tech stock outlook. Follow the conversation on Twitter at #Markets16.Everyone knows the world isn't flat. But what investors may not know is a top Wall Street guru says the U.S. stock market will post a "flat" return – or "tread water" – for the second straight year in 2016.That cautious … [Read more...] about ‘Flat is the new up’ for 2016 stock market, Goldman Sachs guru says
Now that the presidential race is over, we’ll find out how whacked out Wall Street might get in the coming days. Or not.We’ve heard dire predictions about triple-digit declines on Wall Street should GOP candidate Donald Trump win the race. So, do we soon see an 6% drop? A 10% decline? Not as of Wednesday.Instead, the Dow rallied. The Dow Jones industrial average gained 256.95 points Wednesday or 1.4% to close at 18,589.69 points.Bank stocks did particularly well, gaining 5% to 6% in some cases on the notion that financial companies could face fewer stringent regulations in the future under a Trump presidency.Auto stocks, though, did take hit earlier but some recovered.Ford Motor closed at $11.58 a share, up 10 cents or 0.87%. General Motors stock closed at $30.96 a share, down 77 cents or 2.43%. On Wednesday, GM said it was laying off more than 2,000 workers indefinitely at two car plants in Ohio and Michigan starting in January due to shifting demand from cars to … [Read more...] about Trump victory rocks experts but not stock market
NEW YORK — Here's some serious summer reading for investors relaxing at the beach: Is the bullish stock market story Wall Street has been writing about the past four years about to change to a new, darker chapter? FRIDAY: Dow caps worst week of 2013 BUFFETT: His top 10 stocks HOUSING: Starts rise 5.9% PRODUCTIVITY: Up a modest 0.9% DELL: Edges past estimates JOBLESS CLAIMS: Fall to six-year low COLUMN: Summers or Yellen? Callaway's takeThat question keeps popping up on trading desks as the market's early-year momentum fades, big down days for the Dow Jones industrial average begin to pile up, and investors ponder what it means for the economy when the nation's biggest retailer slashes its sales and earnings forecasts for the rest of the year at a time when the Federal Reserve is inching ever closer to the start of a less market-friendly monetary policy.Back-to-back triple-digit losses for the Dow, including a 225-point drop Thursday, have pushed the … [Read more...] about Is bullish stock market story about to change?
The market acts great technically. Stocks want to go up. The market has been rallying since early March, but the last two weeks have been especially strong. The bulls are firmly in control and the bears are back in hibernation. Bad news that would have trashed markets last year is being ignored, like when Microsoft and Amazon.com, two bellwethers, reported weak profits. Both stocks were down Friday, but the market rallied, refusing to give up its winning streak. There are reasons to be bullish. The financial system has stabilized and it’s unlikely to get worse. The drop in real estate is slowing, and earnings for many companies are coming in better than expected. This is not to say the earnings are good, but rather they are not as bad as many people feared. Since the market operates on expectations, upside surprises are nothing but bullish. Before you get carried away, look at the composition of the numbers. Consumer demand is still weak. With higher unemployment, people … [Read more...] about Stock market rally will tire quickly
Stock markets around the world plummeted Friday and oil prices plunged to their lowest in more than a year. Even gold, the traditional safe haven in times of panic, fell sharply. The common denominator was growing fears that governments, central banks and finance ministers seem powerless to stop the deepening of a global recession that will slam corporate earnings and lead to deep job losses around the world. RELATED: CHRYSLER TO CUT 25% OF SALARIED WORK FORCEThe Dow Jones industrial average dropped more than 330 points in morning trading. Before the open of New York trading, Dow futures had dropped 550 points, triggering a temporary trading halt in stock futures contracts in an effort to slow the decline. If the Dow drops 1,100 points before 2 p.m. the New York Stock Exchange would be forced to use "circuit breakers" that could lead to temporarily shutting the market, something it hasn't done since 1997. "This is beyond volatile: It is chaotic," Carl Weinberg, chief economist … [Read more...] about Stock markets around world, oil, gold tank on growing recession fears
DES MOINES, Iowa - With such a volatile financial services market, 401(k) holders are nervous about whether they should be making changes in their portfolios. The Associated Press spoke with financial advisers about what to do and, perhaps more importantly, what not to do. Q: Should I be considering changes in my 401(k) in response to the rapidly changing financial services sector? RELATED: GOV. PATERSON ANNOUNCES $20B DEAL TO HELP SAVE AIG FROM LEHMAN FATEA: If you've been watching your 401(k) you likely know there has been a significant impact on your investments from the bear market, a prolonged drop in stock prices often defined as a 20 percent drop over at least two months. The market reaction to Lehman Brothers' Chapter 11 bankruptcy protection filing should not push you into selling off stocks in a knee-jerk fashion, said Rick Meigs, founder and president of the 401khelpcenter.com, a Portland, Ore.-based company which advises industry professionals. "What's going to … [Read more...] about What should I do with my 401(k) in a difficult stock market?
Stocks sank in thin trading Monday as worries about American International Group Inc. touched off broader concerns that financial companies will face more trouble to come. The major indexes lost about 2 percent. The Dow Jones industrial average fell by nearly 250 points, erasing a gain of about 200 points seen Friday. Bond prices also jumped as investors fled to the safety of government debt. New York-based AIG was the steepest decliner among the 30 stocks that make up the Dow industrials after a Credit Suisse analyst cut his price target on the world's largest insurer and after Fitch Ratings warned late Friday that it might cut its ratings on the company, which has been buffeted by investors' distaste for some of the types of complex debt instruments on AIG's books. The financials have struggled in part because of a spike in the number of homeowners who have fallen behind on their mortgage payments. A report Monday by a trade group for real estate agents showed the number of … [Read more...] about Financials drag on stock market; Dow falls more than 240
Stocks rose as investors capped a capricious week by engaging in a bit of Black Friday bargain hunting while awaiting word of how retailers might fare during what is expected to be a tough holiday shopping season. Friday's holiday-shortened session ended three hours early and followed fractious trading that on Wednesday saw the Dow Jones industrial average and the Standard & Poor's 500 index give up more than 1.5 percent. The S&P's climb Friday put the index back into positive territory for the year. The day's gains weren't enough to reverse losses for the week, however, and observers cautioned the session could prove more an aberration than a reversal of recent trends. With many of Wall Street's principal players on vacation, volume was light as is typical on such days. "While I'd love to celebrate this rally, it is on very thin volume and we have to really wait until next week to get a sense of the true direction of this market," said Jack Ablin, chief investment … [Read more...] about Stock market gains in shortened session