Stories by Matthew Craft

Sunday, July 26, 2015

Families face tough decisions as cost of elder care soars

NEW YORK - Doris Ranzman had followed the advice, planning ahead in case she wound up unable to care for herself one day. But when a nursing-home bill tops $14,000 a month, the best-laid plans get ...
By Matthew Craft

Monday, March 30, 2015

High nursing home bills squeeze insurers

Thirty years ago, insurance companies had the answer to the cost of caring for the elderly. Buy a policy that will cover your expenses. Now, there’s a new problem: Even insurers think it’s ...
By Matthew Craft

Monday, March 2, 2015

Index tops dot-com milestone

NEW YORK - For the first time since its dot-com era peak nearly 15 years ago, the Nasdaq composite has closed above 5,000.
By Matthew Craft

Friday, Feb. 20, 2015

Dollar Drag: surging buck hits US corporate earnings

From Apple to Avon, rising dollar takes toll on US corporate profits; more pain ahead.
By Matthew Craft

Thursday, Nov. 6, 2014

Gleam is gone as gold prices sink to 4-year low

End of golden age: Once touted as the safest of investments, gold continues to slump.
By Matthew Craft

Saturday, Nov. 1, 2014

How well did Fed's stimulus work?

NEW YORK - Soaring inflation. A collapsing dollar. Bubbles in financial markets that would soon pop. One presidential candidate even suggested that the Federal Reserve chairman should be roughed up.
By Matthew Craft

Tuesday, April 30, 2013

S&P 500 closes higher for sixth month straight

IBM and other technology stocks led the Standard & Poor's 500 index up. The broad-market measure ended April with a 1.8 percent gain, the sixth month in a row the index has climbed higher.
By Matthew Craft

Monday, April 29, 2013

S&P 500 reaches new high, led by tech

The S&P 500 index rose 11.37 points to close at 1,593.61. The 0.7 percent increase nudged the index above its previous closing high of 1,593.36, reached on April 11.
By Matthew Craft

Friday, April 12, 2013

Stocks end four-day climb

A four-day surge in the stock market came to an end on Friday as falling commodity prices brought down energy and mining companies.
By Matthew Craft

Thursday, March 14, 2013

Dow climbs for 10 days straight

The index rose for the tenth straight day Thursday, gaining 83.86 points to close at 14,539.14. That's an increase of 0.6 percent. The last time the Dow knocked out 10 straight days of gains was ...
By Matthew Craft

Wednesday, March 6, 2013

After record day, the Dow keeps climbing

The Dow edged up 42.47 points, or 0.3 percent, to close at 14,296.24. An encouraging job-market report helped nudge the stock market up and pushed bond prices lower.
By Matthew Craft

Tuesday, Nov. 6, 2012

Stocks climb amid wait for winner

NEW YORK - Major stock market indexes climbed Tuesday as investors waited for the finish of a closely fought U.S. presidential election.
By Matthew Craft

Friday, Nov. 2, 2012

Companies add up losses from Sandy

Delta Air Lines and Verizon were two of the first major companies to formally indicate the obvious, saying Friday that they will lose money because of the storm.
By Matthew Craft

Friday, Oct. 19, 2012

Dow down 205 as weak earnings drag market lower

The Dow Jones industrial average fell more than 200 points for its worst day in four months.
By Matthew Craft

Sunday, July 8, 2012

Corporate profits expected to fall

When the latest round of corporate earnings starts rolling in this week, look for a twist: Profits are expected to fall.
By Matthew Craft

Friday, June 22, 2012

Bank stocks trigger market surge

Stocks rise on Wall Street; banks help lead the way despite Moody's downgrade.
By Matthew Craft

Friday, June 15, 2012

Stocks at one-month high

Stocks recorded their third big gain of the week and closed at a one-month high Friday.
By Matthew Craft

Wednesday, June 6, 2012

Dow Jones jumps up 286 points

A 286-point charge turned the Dow positive for 2012 and erased the biggest loss of the year less than a week after it happened: the 275-point plunge set off by a dismal U.S. jobs report on Friday.
By Matthew Craft

Monday, May 14, 2012

Deadlock continues in Greece

The Dow Jones industrial average dropped 125.25 points to close at 12,695.35. The Dow has lost more than half of its gains for the year in the past two weeks as worries resurface about Europe.
By Matthew Craft

Sunday, May 13, 2012

Germany stands out for investing

The best approach, fund managers say, is to divide the continent into struggling countries and stronger ones.
By Matthew Craft
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