Caroline Valetkevitch, Reuters
NEW YORK — The Dow and the S&P 500 ended at record highs on Monday while the Nasdaq rallied as shares of Internet and biotech shares advanced. Biogen Idec jumped 4.8 percent to $300.54 and TripAdvisor Inc. rose 5.8 percent to $89.51. Twitter gained 5.9 percent to $33.94 after news reports that brokerage SunTrust raised its rating on the stock to “buy.” These momentum shares have been volatile recently after a sharp selloff that began in March on concerns about their high valuations. “I think it’s stabilizing a little bit for those stocks.
NEW YORK — U.S. stocks eased on Friday as concerns about more violence in Ukraine prompted profit-taking ahead of the weekend and offset optimism about the fastest job growth in more than two years. Healthcare shares were among the biggest drags on the S&P 500, including U.S. drugmaker Pfizer Inc.
NEW YORK — U.S. stocks rose on Tuesday, boosted by upbeat results from companies including Merck & Co and a rebound in Facebook and other high-growth shares. Merck & Co.’s shares climbed 3.6 percent to $58.72, giving the S&P 500 its biggest lift, after it reported stronger-than-expected earnings. Further deal activity on the health care front also lifted the market. Britain’s Reckitt Benckiser Group Plc.
NEW YORK — The S&P 500 ended higher on Monday after a volatile session, as gains in Apple and Pfizer helped offset another round of selling in some high-growth tech shares. The Dow also managed to end the session with a modest gain, while the Nasdaq closed slightly lower after rebounding from a fall of over 1 percent. Leading the Nasdaq down was Amazon.com, which extended Friday’s sharp drop a day after its earnings report. A flurry of merger and acquisition activity in the pharmaceutical sector increased speculation of further deal-making.
NEW YORK — The Nasdaq suffered its biggest drop in two-and-a-half years on Thursday after another sharp selloff in biotech and momentum names, including Gilead Sciences and TripAdvisor, increasing investor anxiety about a broader pullback. The Nasdaq biotechnology index shed 5.6 percent, its biggest one-day drop since August 2011, adding to recent losses since a large drop in Gilead more than two weeks ago triggered a wider selloff for biotechs and other recent big gainers.
NEW YORK — Momentum shares like Netflix and TripAdvisor sold off sharply for a second straight day on Friday, giving the Nasdaq its worst day since February and leaving investors anxious about how much further they may fall. The big drop in momentum stocks overshadowed the day’s relatively strong March jobs data, which helped the Dow and S&P 500 hit intraday record highs early in the session. Nasdaq’s 2.6 percent loss follows a nearly 1 percent slide on Thursday and puts the index more than 5 percent below its closing high for the year, which was set on March 5. The day’s action i
NEW YORK — The S&P 500 closed at another record high on Wednesday as signs of steady private-sector hiring suggested that the economy was slowly building momentum after a winter-related pullback. That also put more focus on Friday’s government jobs data, which is among the most widely watched economic indicators. “There’s positioning ahead of that report,” said Bucky Hellwig, senior vice president of BB&T Wealth Management in Birmingham, Ala. He also said “there was money moving in at the end of the quarter so now there’s an upward bias.” The jobs report is expected to show that em
NEW YORK — The S&P 500 ended at another record close on Friday but well off the day’s highs as worries about tensions in Ukraine caused investors to take profits ahead of the weekend. All three major indexes closed out the month with strong gains, however.
NEW YORK — The S&P 500 closed at a record on Thursday and ended in positive territory for the year after Federal Reserve Chair Janet Yellen said harsh weather seems to be to behind recent U.S. economic softness. That gave some relief to investors who supported the view that heavy snowstorms and unusually cold weather — and not worsening fundamentals — were to blame for weak U.S. employment, retail sales and other data. The advance lifted the S&P 500 above its 2013 year-end closing level of 1,848.36, which has served as resistance in recent sessions. “The market was worried.
NEW YORK — U.S. stocks finished flat on Wednesday with investors hesitant to make a big move on the day before comments from Federal Reserve Chair Janet Yellen, though retailers’ shares rallied on results for a second day. Target Corp and Lowe’s Cos Inc. shares jumped following upbeat earnings and gave the biggest boosts to the S&P 500. An S&P 500 retail index gained more than 1 percent for a second day. After the bell, shares of J.C. Penney Co Inc. climbed 12.8 percent to $6.72 as the U.S.