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Stocks fall as traders worry over weekend
NEW YORK — A growing belief that the country is headed toward recession gave the stock market its fourth straight week of losses. The anxiety in the market was obvious Friday as the major indexes went from modest gains early in the day to another sharp loss. The Dow Jones industrial average had its 10th […]
U.S. stocks fall on global economic worries
NEW YORK — More evidence of a slowing global economy sent stocks falling Tuesday and threatened to end the market’s three-day rally. Germany’s economy stalled last quarter and dragged down growth for Europe. In the U.S., reports painted a mixed economic picture: Housing remains weak, but factory output rose last month at its fastest pace […]
Stocks rise after $19 billion acquisition flurry
NEW YORK — Stocks have closed higher for the third straight day after a $19 billion buying spree by corporations. The Dow Jones industrial average is up 213 points, or 1.9 percent, at 11,483. It has erased all its losses from last week, when it swung more than 400 points four straight days on worries […]
U.S. stocks rise after corporate deals, Japan report
NEW YORK — Stocks rose for a third straight day Monday after Google and two other companies announced acquisitions and Japan said its economy was stronger than expected following the March earthquake. The return of “Merger Monday” on Wall Street temporarily helped ease worries about the U.S. economy. A report showed that manufacturing in New […]
Dow finishes wild week on an up note
NEW YORK — The wildest week in Wall Street’s history is ending on an up note. A rebound in retail sales in July helped the stock market push higher Friday. The week has been marked by seesaw trading. The Dow Jones industrial average rose or fell by more than 400 points each of the first […]
Stocks rise after unemployment report
NEW YORK — Stocks are rising after news that fewer people joined the unemployment line last week and word that a technology bellwether’s profit beat expectations. The Dow Jones industrial average is up 256 points, or 2.4 percent, at 10,972 at 11:45 a.m. in New York. The S&P 500 is up 30, or 2.8 percent, […]
Stocks resume sell-off; Dow finishes down 519
NEW YORK — Back to reality for the stock market — and back down. Wall Street focused Wednesday on the bleak landscape ahead for the economy and sold off, wiping out the big gains from a day earlier and then some. The selling was intensified by worries about debt problems in Europe. The Dow Jones […]
State pension system investments post strong gains in FY ‘11
The cash and investments Maryland uses to pay retirement benefits to its former employees increased to $37.5 billion in fiscal 2011, a $6 billion gain that came during a time of strong growth and recovery in the stock market. The Maryland State Retirement and Pension System’s 20 percent return on its investments during the 12 […]
Petroleum & Resources, Adams Express announce 1st half of 2011 results
Petroleum & Resources Corp. and The Adams Express Co., sister closed-end investment companies based in Baltimore, announced results for the first half of 2011. P&R said the total return on its net asset value, with dividends and capital gains reinvested, was 10.4 percent. The share price rose to $33.70 cents on June 30, 2011, from […]
Stocks edge higher on deals, commodities prices
NEW YORK — Stocks edged higher in midday trading Monday at the start of the last full week before the next round of corporate earnings reports begin. The Dow Jones industrial average rose 21 points, or 0.2 percent, to 12,398. The S&P 500 index rose 1 point, or 0.1 percent, to 1,333. Materials companies gained […]
Stocks push higher on improving economic reports
NEW YORK — Stocks edged higher to start the week after economic reports suggested that the recovery is continuing. The Commerce Department said consumer spending rose at its fastest pace in four months in February. The National Association of Realtors said more Americans signed contracts to buy homes in February than economists were expecting. Sales […]
Stocks plunge as Japan nuclear crisis worsens
NEW YORK — Stocks plunged Tuesday, and bond prices rose, as the nuclear crisis in Japan intensified following a deadly earthquake and tsunami. The Dow Jones industrial average fell more than 200 points. The market dropped sharply at the start of trading on news that dangerous levels of radiation are leaking from a crippled nuclear […]
