Caroline Valetkevitch, Reuters
NEW YORK — The S&P 500 and Nasdaq ended higher on Wednesday after the Federal Reserve gave a rosier assessment of the U.S. economy while reaffirming that it is in no hurry to raise interest rates. The U.S. central bank also, as expected, reduced its monthly asset purchases to $25 billion from $35 billion. Among the biggest positives were bank shares, with the S&P financial index up 0.4 percent, helping to support the S&P 500.
NEW YORK — Stocks ended nearly flat on Monday as the latest deal news offset losses following discouraging data on the housing market and some signs of weakness in the services sector. Dollar Tree Inc. offered to buy rival discount chain Family Dollar Stores Inc. for about $8.5 billion. The transaction, including debt, values Family Dollar at about $9.2 billion. Family Dollar’s stock shot up 24.9 percent to $75.74 and was the S&P 500’s biggest percentage gainer. Dollar Tree’s shares gained 1.2 percent to $54.87. Zillow Inc. agreed to buy Trulia Inc.
NEW YORK — Some disappointing U.S. earnings, including Amazon.com, and weak German economic data pressured world stock markets on Friday, while the euro hit an eight-month low against the U.S. dollar. Amazon was the biggest drag on the S&P 500. Its shares sank 9.6 percent to $324.01 a day after the online retailer reported an unexpectedly big loss for the second quarter.
NEW YORK — U.S. stocks rose on Wednesday, led by drugmakers, while a Supreme Court ruling lifted the shares of major broadcasters. Shares of Bristol-Myers Squibb Co. shot up 3 percent to $49.73. The rally came a day after the drugmaker said a late-stage trial testing its immunotherapy nivolumab in advanced melanoma patients was halted early after it was determined that the drug was likely to prolong survival. Pfizer gained 1.7 percent to $29.80, Merck & Co.
NEW YORK — U.S. stocks fell on Wednesday, with the Dow breaking a four-day string of record closing highs, following the World Bank’s reduction of its global growth forecast. The S&P 500’s drop of 0.4 percent was its biggest daily percentage loss since May 20. The benchmark index fell for the second day in a row, after four straight record closing highs. The selloff was broad.
NEW YORK — U.S. stocks finished nearly flat on Tuesday, although the Dow eked out another record closing high as utilities’ shares fell while 10-year bond yields hit their highest level in a month. Six of the 10 primary S&P 500 sector indexes ended the session lower. The decline was led by a 0.3 percent drop in the S&P utilities index. Utility stocks’ high dividends tend to lose some of their appeal when bond yields jump. It was the Dow’s fourth straight record closing high.
NEW YORK — The Dow and S&P 500 ended at record highs again on Monday as more deal news raised enthusiasm for stocks, though Wall Street’s fear gauge advanced. It was a fourth straight record closing high for the S&P 500 and a third for the Dow. The gains, though, have been moderate in most recent sessions and volume lighter than average. The CBOE Volatility Index rebounded after falling on Friday to its lowest level since February 2007. Wall Street’s “fear gauge” rose 3.9 percent to end at 11.15.
NEW YORK — U.S. stocks fell on Thursday, giving the Dow and the S&P 500 their worst declines in more than a month, as small-cap shares extended their retreat and Wal-Mart results disappointed. The Russell 2000 index of small-cap stocks lost 0.7 percent, well off its session low where it hit correction territory, down more than 10 percent from its early March record close of 1,208.65. It ended down 9.3 percent from that high. Thursday marked the second day of losses for the three major U.S. stock indexes.
NEW YORK — U.S. stocks fell on Wednesday, with the Dow and S&P 500 retreating from recent record highs, as small caps resumed their sell-off and consumer discretionary shares lagged. The S&P consumer discretionary index was down 1.1 percent and led the decline on the S&P 500. The S&P retail index lost 1.1 percent. Macy’s shares dipped 0.2 percent to $57.83 after the department store operator reported sales that missed expectations. Retailer Fossil Group Inc.
NEW YORK — The Dow and the S&P 500 eked out record closing highs again on Tuesday, while the Nasdaq resumed its recent slide, dragged down by shares of Cisco. The S&P 500 briefly rose above 1,900 for the first time early in the session, but quickly gave back some of its gains. In contrast, the Russell 2000 index of small-cap stocks fell 1.1 percent. “We didn’t see much of a follow-through from yesterday’s run-up.