Other airlines also fell. Delta Air Lines dropped $1.60, or 7.7 percent, to $19.44 and United Continental fell $2.05, or 6.2 percent, to $56.87. @yahoofinance on Twitter, become a fan on Facebook Related Content Chart Your most recently viewed tickers will automatically show up here if you type a ticker in the “Enter symbol/company” at the bottom of this module. You need to enable your browser cookies to view your most recent quotes. Search for share prices Copyright/IP Policy Quotes are http://www.todayhotstocks.com/ real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges .
EDT August 15, 2013 The sculptures of bear and bull stand in front of the Frankfurt Stock Exchange in Germany. (Photo: Michael Probst, AP) Record-breaking 2013 stock rally now looks wobbly Worries about retailers’ earnings cast concern over economy Fed policy, corporate earnings growth and interest rates now hold the key SHARE 7 CONNECT 4 TWEET 3 COMMENTEMAILMORE NEW YORK Here’s some serious summer reading for investors relaxing at the beach: Is the bullish stock market story Wall Street has been writing about the past four years about to change to a new, darker chapter? CISCO: Cuts 4,000 jobs That question keeps popping up on trading desks as the market’s early-year momentum fades, big down days for the Dow Jones industrial average begin to pile up, and investors ponder what it means for the economy when the nation’s biggest retailer slashes its sales and earnings forecasts for the rest of the year at a time when the Federal Reserve is inching ever closer to the start of a less market-friendly monetary policy. Back-to-back triple-digit losses for the Dow, including a 225-point drop Thursday, have pushed the blue-chip gauge down 3.5% from its Aug. 2 record close of 15,658.36.
Stock Market Ekes out Small Gains; Apple Climbs
The problem is if they are looking for the perfect information, they’re never going to find it,” Boockvar said. Unlike Lockhart, Bullard is a voting member of the Fed. The talk now has become that the Fed could do a smaller amount of tapering, like trim the program by $10 billion a month instead of $20 billion. “Markets are very thin.
Three reasons to worry about the ‘hot’ IPO market
If you chose the first explanation, I have a bridge I want to sell you. To appreciate why the second explanation is closer to the truth, consider a study of the stock market between 1929 and 2001 conducted by Owen Lamont, then a finance professor at Yales School of Management and currently a lecturer at Harvard. He found that companies tend to issue stock in waves, and that the stock market tends to be a below-average performer following periods in which stock issuance is particularly high. Click to Play GrubHub Seamless now at 25,000 restaurants strong GrubHub and Seamless approved a merger last week that now covers about 25,000 restaurants in 500 cities.
5 Reasons Taking the blame for Thursday’s slide… Before the opening bell, Wal-Mart Stores Inc. (NYSE: WMT ) reported earnings and same store sales that missed expectations. The company posted a Q2 profit of $4.07 billion, or $1.24 a share, compared with $4.02 billion, or $1.18 a share a year earlier.
The sharp rise in yields lifted financial companies because higher interest rates could help them generate better profit margins. That helped offset declines in homebuilders and other stocks that are sensitive to rising borrowing costs. The yield is also climbing on speculation that the Federal Reserve will cut its stimulus as the economy recovers. Atlanta Fed President Dennis Lockhart said Tuesday that it was too early to say when the bank would ease back on its stimulus, but hinted that it would likely happen before the end of the year. “You could argue that stocks would be up higher today if the bond market was behaving,” said John Canally, Investment Strategist for LPL Financial.