Stories by Steve Rothwell

Friday, July 25, 2014

Market extends its correction-free streak

A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. A Portuguese bank's finances look shaky. And the U.S. stock market's response? After dipping briefly on ...
By Steve Rothwell

Wednesday, July 16, 2014

Bank of America takes $4 billion litigation hit

NEW YORK - Bank of America earned $2 billion in the second quarter after payments to preferred shareholders, compared with $3.6 billion in the same period a year earlier, a decline of 43 percent.
By Steve Rothwell

Monday, April 14, 2014

IPO market could be cooling

NEW YORK — A hot market for initial public offerings might soon face a cooler reception from investors. IPOs are having their best start to a year since 2000.
By Steve Rothwell

Monday, April 7, 2014

Stock slump forces market sell-off to continue

NEW YORK — The market logged its longest losing streak in two months, and extended a sell-off that began last week.
By Steve Rothwell

Wednesday, Jan. 8, 2014

Market starts slow, but investors calm

NEW YORK — The stock market’s sluggish start in 2014 might not be what investors expected after last year’s strong finish.
By Steve Rothwell

Sunday, Dec. 29, 2013

Closing the chapter: 2013 lessons for investors

NEW YORK - Successful stock investors followed some simple advice this year: Don't worry, be happy. Next year, though, they will need to temper that rosy approach.
By Steve Rothwell

Saturday, Nov. 30, 2013

Thanksgiving takes more Black Friday sales

U.S. shoppers spent $9.74 billion at stores on Black Friday, the day after Thanksgiving. That's a drop of 13.2 percent compared with the same day last year, according to preliminary data.
By Steve Rothwell

Friday, Nov. 22, 2013

S&P closes above 1,800 for first time

The Standard & Poor's 500 index is on track for its best performance in 15 years.
By Steve Rothwell

Wednesday, Nov. 13, 2013

Stocks get retail therapy, hit new highs

NEW YORK - Macy's surged 9 percent Wednesday, leading strong gains among retailers including J.C. Penney, Nordstrom and Target.
By Steve Rothwell

Thursday, Oct. 31, 2013

No October jinx for the stock market

NEW YORK - October, with its history of big crashes on Wall Street, didn't scare off investors this time. To the contrary, the stock market seemed unstoppable.
By Steve Rothwell

Sunday, Oct. 20, 2013

Low interest rates to keep income funds in demand

A 16-day partial government shutdown that ended Thursday knocked consumer confidence. All told, it took about $24 billion dollars out of the economy, according to Standard & Poor’s.
By Steve Rothwell

Friday, Oct. 11, 2013

JPMorgan posts rare loss in third quarter

NEW YORK - Mounting legal costs pushed JPMorgan Chase to a rare loss in the third quarter, the first under the leadership of Jamie Dimon.
By Steve Rothwell

Monday, Oct. 7, 2013

Stocks fall as government shutdown drags on

Investors sent the Standard & Poor's 500 index to its lowest close in a month Monday as few signs emerged of a deal to end the U.S. government shutdown and raise the nation's borrowing limit.
By Steve Rothwell

Wednesday, Oct. 2, 2013

Stocks fall as fears of protracted shutdown grow

NEW YORK - Fear of a protracted U.S. government shutdown is making global investors increasingly nervous.
By Steve Rothwell

Thursday, July 11, 2013

Bernanke comments lift markets to records

The stock market, which has been marching higher for a week, got extra fuel Thursday after Federal Reserve Chairman Ben Bernanke said the central bank will keep supporting the economy.
By Steve Rothwell

Wednesday, June 5, 2013

Weak signals on economy send stocks plunging

The Dow Jones industrial average fell 217 points and finished at 14,960, a drop of 1.4 percent. It's the first close below 15,000 since May 6 and the biggest decline in seven weeks.
By Steve Rothwell

Friday, May 31, 2013

Stocks plummet late but end May higher

After moving between small losses and gains for most of the day, the Dow Jones industrial average plunged in the final hour of trading.
By Steve Rothwell

Tuesday, May 28, 2013

Stocks rise sharply; treasury yields surge

The Dow Jones industrial average rose 106 points to close at another record Tuesday, bouncing back from a loss the week before. The Standard & Poor's 500 index also gained.
By Steve Rothwell

Monday, May 6, 2013

Bank of America to pay mortgage insurer $1.7 billion

Bank of America agreed to pay bond insurer MBIA $1.7 billion to settle a dispute over faulty mortgage securities issued during the U.S. housing boom.
By Steve Rothwell

Monday, April 8, 2013

Stocks rise ahead of earnings season

The Dow fell as much as 67 points in the morning, then turned higher in the afternoon to end with a modest gain of nearly 50 points.
By Steve Rothwell

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