Stories by Steve Rothwell

Saturday, Oct. 25, 2014

Big slump is no cause to ditch stocks

NEW YORK - After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger slumps.
By Steve Rothwell

Wednesday, Oct. 15, 2014

Bank of America earnings slump on legal settlement

NEW YORK — Bank of America, the second-largest U.S. bank by assets, said Wednesday that its earnings slumped in the third quarter after it agreed to a settlement with the government over its sale ...
By Steve Rothwell

Thursday, Aug 28, 2014

JPMorgan working with officials on possible cyberattack

NEW YORK - JPMorgan Chase, the nation's biggest bank by assets, is working with law enforcement officials to investigate a possible cyberattack, said a person familiar with the situation.
By Steve Rothwell

Thursday, July 31, 2014

US stocks plunge, wiping out July's gains

NEW YORK - A confluence of worries sent the Dow Jones industrial average tumbling more than 300 points, its worst one-day drop since February.
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
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