U.S. stocks fell on Monday, with telecommunications leading the drop, as investors considered the results from Greek elections and winter weather on the East Coast.In Greece, the anti-austerity Syriza party won 149 out of a 300 possible seats in Parliament.The market had “already discounted an anti-austerity vote, and the lower euro should boost manufacturing and Read More
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By Michael Connor NEW YORK (Reuters) – European stocks hit seven-year highs on Friday, continuing a rally ignited by the European Central Bank’s plan for massive regional economic stimuli that also knocked the euro to fresh 11-year lows. Wall Street fell on soft corporate earnings news after the S&P 500 had rallied 1.5 percent on Read More
By Michael Connor NEW YORK (Reuters) – The European Central Bank’s plan to pump out about 1 trillion euros to revive the euro zone economy kept stocks in the region on track for their best week since 2011 but knocked the shared currency to fresh 11-year lows. Wall Street, which rallied 1.5 percent on Thursday’s Read More
NEW YORK (Reuters) – U.S. stock opened little changed on Friday, as some weak corporate earnings took the steam out of a four-session winning streak. The Dow Jones industrial average <.DJI> fell 12.2 points, or 0.07 percent, to 17,801.78, the S&P 500 <.SPX> lost 1.33 points, or 0.06 percent, to 2,061.82 and the Nasdaq Composite Read More
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U.S. stocks climbed on Thursday, extending gains into a fourth session, after the European Central Bank unfurled expanded stimulus and companies including Southwest Airlines (LUV) posted upbeat quarterly earnings. “We’re pleased. There was always concern the ECB would disappoint, so we’re pleased with size of the proposed actions, and the structure of it. There are Read More
By Michael Connor NEW YORK (Reuters) – Wall Street jumped and European shares climbed to a seven-year high on Thursday as world markets cheered a European Central Bank stimulus program worth more than one trillion euros, while the euro slipped to an 11-year low. Investors readying for a rise in global liquidity initially lifted U.S. Read More
By Michael Connor NEW YORK (Reuters) – Wall Street jumped and European shares climbed to a seven-year high on Thursday as world markets cheered a European Central Bank stimulus program worth more than one trillion euros, while the euro slipped to an 11-year low. Investors readying for a rise in global liquidity initially lifted U.S. Read More
By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks fell modestly on Thursday after the European Central Bank announced expanded measures to stimulate the region’s sagging economy, as expected, while shares of some bellwether U.S. companies fell on disappointing results. The ECB will buy 60 billion euros worth of assets per month, more than expected, Read More
(Reuters) – U.S. stocks rose at the open on Thursday after the European Central Bank announced expanded measures to stimulate the region’s economy. The Dow Jones industrial average <.DJI> rose 71.79 points, or 0.41 percent, to 17,626.07, the S&P 500 <.SPX> gained 8.93 points, or 0.44 percent, to 2,041.05 and the Nasdaq Composite <.IXIC> added Read More