By Caroline Valetkevitch, Reuters
NEW YORK — World stock markets edged higher on Thursday as soft U.S. economic data was blamed on bad weather, while the dollar fell to a two-week low against the euro. U.S. stocks rose, with big gains in technology shares giving the Nasdaq a sixth straight session of gains, its best advance since December 2011. Unseasonably cold and snowy weather hurt U.S. retail sales, considered a gauge of consumer spending. Sales fell unexpectedly in January, while other data showed more Americans filed for jobless benefits last week. Large parts of the U.S.
NEW YORK — A selloff in emerging markets sent a cold chill down Wall Street, triggering a slide on Friday and making January its worst month since May 2012 after one of its best years in more than a decade. For January, the Dow tumbled 5.3 percent and the S&P 500 slid 3.6 percent — their worst monthly percentage declines since May 2012. The January loss followed the S&P 500’s gain of 30 percent in 2013 — its best year since 1997.
NEW YORK — The S&P 500 scored its biggest gain in more than a month on Thursday as Facebook led a tech rally and data showed the U.S. economy was on solid footing in the fourth quarter. The day’s rebound pushed the S&P 500 back into positive territory for the week, but the index was still down 2.9 percent for the month. Facebook Inc. shares jumped 14.1 percent to end at $61.08, hitting a lifetime high of $62.50 during the session and supporting both the S&P 500 and Nasdaq.
NEW YORK — U.S. stocks bounced back on Tuesday after Pfizer’s upbeat results gave investors some relief from the pain of the Dow’s five-day losing streak, and the market’s focus turned to the Federal Reserve’s next move on stimulus. The market’s advance, which also broke the S&P 500’s three-day slide, came after heavy losses tied to concerns about the withdrawal of U.S.
NEW YORK — U.S. stocks extended recent losses on Monday, with the S&P 500 falling for a third straight session as concern grew about the Federal Reserve’s plans for withdrawing stimulus. The losses, which picked up late in the session after the S&P 500 briefly traded in positive territory, followed a steep selloff late last week tied to emerging market concerns. The slide gave the S&P 500 its worst weekly percentage loss since June 2012. Caterpillar Inc., however, limited the losses of the Dow and S&P 500.
NEW YORK — The Dow and S&P 500 slipped on Thursday, with the S&P retreating from the previous session’s record high, after earnings from Goldman Sachs and other banks disappointed investors. Financials were the biggest drag on the market after both Goldman Sachs Group Inc. and Citigroup Inc. reported that lower bond trading revenue took a bite out of their quarterly profits. Goldman’s earnings fell 21 percent. Citigroup’s profit missed expectations. The results followed fairly positive reads on the financial sector from JPMorgan Chase & Co., Bank of America Corp.