Stories 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

Monday, March 18, 2013

Stocks fall on turmoil in Cyprus

Stocks closed lower on Wall Street as investors worried that a controversial proposal to seize money from depositors in Cyprus could set off another bout of anxiety over Europe's shared currency.
By Steve Rothwell

Wednesday, March 13, 2013

Dow extends win streak to nine days

The Dow Jones industrial average notched its ninth gain in a row, giving the index its longest winning streak in more than sixteen years.
By Steve Rothwell

Tuesday, March 12, 2013

Dow ekes out eighth consecutive day of gains

A tiny gain gave the Dow its eighth consecutive increase Tuesday, long enough to match its longest series of gains since February 2011.
By Steve Rothwell

Thursday, March 7, 2013

Stocks gain for fifth day on unemployment report

The Dow pushed further into record territory Thursday, having surpassed its previous all-time high two days ago. The catalyst was the latest evidence that hiring is picking up.
By Steve Rothwell

Tuesday, Feb. 26, 2013

Stocks plunge on concern over Europe

Stocks had their worst drop in more than three months as the prospect of political paralysis in Italy raised the specter of Europe's debt crisis flaring up again.
By Steve Rothwell

Tuesday, Feb. 12, 2013

Dow closes at highest level of year

The Dow Jones industrial average closed up 47.46 to 14,018.70 Tuesday. That is 146 points from its record close of 14,164.53 set in October 2007. The Standard & Poor's 500 gained 2.42 points ...
By Steve Rothwell

Thursday, Jan. 31, 2013

Dow logs best January in almost 2 decades

The Dow Jones industrial average ended the month up 5.8 percent, its strongest January since 1994, according to S&P Capital IQ data.
By Steve Rothwell

Friday, Jan. 25, 2013

Strong earnings lift S&P 500

S&P 500 has longest winning streak since '04; first close above 1,500 since start of recession
By Steve Rothwell

Friday, Dec. 28, 2012

Stocks drop 158 points

Stocks dropped on Wall Street for a fifth straight day as hope for a budget deal faded.
By Steve Rothwell

Sunday, Nov. 4, 2012

Close election could be bad for stocks

The Standard & Poor's 500 fell as much as 8 percent during the five weeks following the 2000 election, between George W. Bush and Vice President Al Gore.
By Steve Rothwell
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