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Remain disciplined despite market’s volatility, Md. financial advisers say
Maryland money managers preached patience after a tumultuous week reintroduced volatility to the stock market, triggering headlines and frequent push alerts from news services. The Dow Jones Industrial Average and S&P 500 dipped into a correction this week, but the underlying economic vitals remained strong and investors who remain disciplined should be rewarded, managers said. “I […[...]
Dow average adds Goldman Sachs, Nike and Visa
The Dow Jones industrial average is dropping Bank of America, Hewlett-Packard and Alcoa, its three-lowest priced stocks, as part of a six-company shakeup of the most widely known barometer of the U.S. stock market. S&P Dow Jones Indices said Tuesday it will add Visa Inc., sneaker maker Nike Inc. and the investment bank Goldman Sachs […]
Dow has its first close above 15,000 points
NEW YORK — The Dow Jones industrial average is punching through another milestone: its first close above 15,000. The Dow rose 87 points to 15,056 points Tuesday, a gain of 0.6 percent. It was another milestone in the market’s epic ascent in 2013. Good economic reports, higher corporate profits and support from central banks have […]
Manufacturing grows for 1st time in 4 months
WASHINGTON — U.S. manufacturing grew for the first time in four months, buoyed by a jump in new orders and more jobs. The increase is a hopeful sign that the economy may be improving after a weak stretch. The Institute for Supply Management, a trade group of purchasing managers, said Monday that its index of […]
Dow average dumps Kraft Foods for UnitedHealth
NEW YORK — The Dow Jones industrial average is dumping Cool Whip for copays. The Dow, perhaps the most widely known barometer of the U.S. stock market, announced Friday that it would boot Kraft Foods to make room for UnitedHealth Group, the insurance company. The change takes effect Sept. 24. S&P Dow Jones Indices, which […]
Fed says economy has slowed, takes no new steps
WASHINGTON — The Federal Reserve said Wednesday that the U.S. economy is losing strength and repeated a pledge to take further steps to boost growth if hiring remains weak. The Fed took no new action after a two-day policy meeting. But it acknowledged in a statement released after the meeting that economic activity had slowed […]
U.S. retail sales disappointment weighs on markets
LONDON — A disappointing U.S. retail sales report weighed on stock markets Monday but helped the euro clamber off two-year lows against the dollar. The U.S. Commerce Department reported that retail sales fell 0.5 percent in June from the previous month. That was the third straight monthly fall — the first such run since the […]
SEC requires uniform system for U.S. stock exchanges
WASHINGTON — U.S. stock exchanges and markets must establish a uniform system for tracking all orders and trades under a rule approved Wednesday. The Securities and Exchange Commission said the requirement is intended to make it easier for the government to investigate market disruptions, such as the “flash crash” two years ago that sent the […]
Consumer confidence in the economy plunged in May
NEW YORK — Americans grew much gloomier about the economy in May, causing a critical measure of consumer confidence to suffer its biggest decline in eight months and ending a period of steady optimism. Worries about jobs, housing and the stock market rattled consumers, even though gas prices are falling. The latest figures suggest Americans […]
Manufacturing grows at fastest pace since June
WASHINGTON — U.S. manufacturing grew last month at the fastest pace in 10 months. New orders, production and a measure of hiring all rose. The strength at U.S. factories suggests the economy is healthier than recent data had indicated. That’s a hopeful sign ahead of Friday’s report on hiring in April. The Institute for Supply […]
Job market pushes up retail sales in March
WASHINGTON — Americans bought more electronics, started more home improvement projects and updated their wardrobes last month, inspired by warmer weather and a healthier job market. Retail sales rose 0.8 percent in March, the Commerce Department said Monday. The gain capped a strong quarter for retail spending, which is contributing to a brighter outlook among […]
Federal Reserve officials worried job gains could fade
WASHINGTON — Federal Reserve policymakers are worried that recent strong gains in hiring could fizzle if U.S. economic growth doesn’t pick up. Minutes of the Fed’s March 13 meeting show that members expressed those concerns before sticking with a plan to keep interest rates at record lows until at least late 2014. A couple of […]
