Asian equities were mostly lower on Thursday following a sharp selloff on Wall Street overnight and an escalation of political turmoil in Yemen. Technology shares led the declines following a more than 2 percent slide on the Nasdaq Composite (NASDAQ: .IXIC). The biotech and semiconductor sector bore the brunt of losses overnight, with analysts citing Read More
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Don’t abandon biotech after it helped send U.S. markets reeling on Wednesday, CNBC “Fast Money” traders said. “I’m still a believer in biotech,” said trader Guy Adami. The Nasdaq (NASDAQ: .IXIC) was the biggest loser in Wednesday’s broad selloff, shedding more than 2 percent. The iShares Nasdaq Biotechnology ETF (NASDAQ: IBB) dropped more than 4 Read More
REUTERS Stocks collapsed and the dollar fell, with biotechs taking a pause from a huge rally in trading on Wednesday. First, the scoreboard: Dow: 17,718.5, -292.6, (-1.6%) S&P 500: 2,061, -30.5, (-1.5%) Nasdaq: 4,876.5, -118.2, (-2.4%) And now, the top stories on Wednesday: Warren Buffett’s Berkshire Hathaway and 3G Capital are Read More
By Rodrigo Campos NEW YORK (Reuters) – U.S. stocks fell on Wednesday, with losses accelerating after short-term technical indicators failed and after a gauge of industrial orders that unexpectedly fell last month. Losses on the S&P 500 accelerated around mid-session after the benchmark dropped below a support level near 2,085. An index of biotechnology shares Read More
The major stock indices (^DJI, ^IXIC, ^GSPC) all trading lower today. Keith Bliss of Cuttone and Company says an oversold U.S dollar is to blame for today’s moves. He notes that “inconsistent performance of the U.S. economy based upon the recent data,” isn’t helping matters either. Here are some other stories Yahoo Finance is keeping Read More
Flickr / Michael Napoleon Stocks slid into the close, reversing earlier gains in trading as the Nasdaq fell back below the 5,000 level and the S&P 500 fell below 2,100. First, the scoreboard: Dow: 18,021.9, -04, (-0.5%) S&P 500: 2,092.4, -12, (-0.6%) Nasdaq: 4,995.9, -15, (-0.3%) And now, the top stories: In Read More
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks fell for a second straight session on Tuesday, with equities maintaining a tight range that corresponded with currency fluctuations as traders focused on the dollar’s strength and its possible effect on corporate earnings. Data from home sales to inflation and manufacturing indicated the U.S. economy remains Read More
The Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) are trading flat into the middle of the session while the Nasdaq (^IXIC) is marginally higher. Crude prices (CLK15.NYM) are experienceing an uncharacteristically calm day, flat through lunchtime but still solidly under that $ 50 a barrel mark. Get the Latest Market Data and News Read More
By Michael Connor NEW YORK (Reuters) – European stocks held near record highs on Tuesday on signs the euro zone economy was gaining momentum, while the dollar recovered from recent losses and oil fell. On Wall Street, the Dow Jones industrial average <.DJI> fell 15.21 points, or 0.08 percent, to 18,100.83, the S&P 500 <.SPX> Read More
Flickr/freeloosedirt US stocks fell towards the close after trading little changed for most of Monday, with the Nasdaq finishing lower but still above the 5,000 level and ever so near an all-time high. First, the scoreboard: Dow: 18,117.2, -10.4, (-0.06%) S&P 500: 2,104.4, -3.7, (-0.2%) Nasdaq: 5,010.9, -15.4, (-0.3%) And now, the Read More