The Dow Jones industrials stormed past the 9,000 mark Thursday for the first time since January, as traders delighted in surprising corporate profits and a rise in housing sales.
Stocks rallied Thursday, with the Dow industrials surpassing 9,000 for the first time since the start of the year, as several major companies reported results that surpassed expectations and a home sales measure topped forecasts.
Read full story for latest details.
U.S. stocks were set for a positive open Thursday, as investors prepared for another onslaught of corporate results and showed little reaction to the jobless claims increase.
Read full story for latest details.
Read full story for latest details.
Stocks held close to breakeven Thursday, as JPMorgan Chase’s better-than-expected profit report was countered by fears that small business lender CIT Group could file for bankruptcy.
The numbers are in, confirming what many already suspected: Emerging markets are the flavor of the month (or at least the quarter).
Stocks were poised to pull back at Thursday’s open after news that the small business lender CIT Group would likely not be getting additional from the government weighed on investors.
Markets opened lower this morning by around half of one percent amid indicators adding to already weak sentiment on current conditions. Commodities continued to fall, following a day of volatility, with crude trading below $59 earlier in the session, a correction of nearly 20% from its June 11 high. Meanwhile, the Baltic Dry Index, which measures shipping costs for commodities, fell Thursday to 3018.0, the lowest level in nearly two months.


