WASHINGTON — The stock market is going gangbusters — but whether this reflects the economy’s underlying strength or runaway speculation is a question that stumps many experts. Hence, the need for this column: a primer on the red-hot stock market. Will it sustain the economy or ultimately kill it? The boom is undeniable. In 12 […]
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Pet stocks beat the market as animal owners open their wallets
These stocks are no dogs. With Americans spending like never before on their animal companions, stock watchers have been betting on big returns from pet stocks. The Pet Passion index, a tracker created by Motif Investing that follows pet-related companies, has returned 19 percent over the past year, sprinting well ahead of the rest of […]
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Posted inBusiness, Nation / World, sj-web
U.S. stocks start Wednesday strong after 6-day slump
U.S. stocks moved higher in early trading Wednesday after slumping for six straight days amid concern about a slowing Chinese economy. Investors were also following the latest corporate deal and earnings news. Technology stocks were among the biggest gainers. KEEPING SCORE: The Dow Jones industrial average rose 328 points, or 2.1 percent, to 15,994 as […]
Posted inBusiness, sj-web
US stocks end a turbulent month at a record high
NEW YORK — For stock investors, there was no shortage of drama in October. Stocks started the month modestly below a record high, only to cascade to their worst slump in two years. But after flirting with a correction, or a 10 percent drop, the U.S. market rebounded and closed at all-time highs on the […]
Posted inBusiness, sj-web
U.S. stocks rebound on corporate results, accelerating GDP data
NEW YORK — U.S. stocks reboundedFriday from the worst day since July, with the Standard & Poor’s 500 index jumping the most in five weeks, as corporate results topped estimates and data showed the fastest economic growth since 2011. Nike jumped 12 percent after reporting first-quarter profit that exceeded analysts’ estimates. Micron Technology added 6.8 […]
Posted inBusiness, sj-web
Dow dips to worst day in 5 weeks; bond prices jump
NEW YORK — Investors retreated from stocks Thursday, leading the Dow Jones industrial average to its worst day in five weeks, after disappointing earnings from Wal-Mart and mixed news about the global economy. Financial markets reflected broader investor jitters: government bonds rose, small-company stocks continued to plunge, and safe, slower-growth industries fared the best. The […]
Posted inNation / World, sj-web
Fed act sends stocks soaring
WASHINGTON (AP) — The Federal Reserve on Wednesday sent its strongest signal of confidence in the U.S. economy since the Great Recession, deciding that the nation’s economic prospects are finally bright enough to withstand a slight pullback in stimulus spending. Yet the Fed also made clear that it will keep supporting an economy that remains […]
Posted inBusiness, Nation / World, sj-web
Warnings of slower sales drive U.S. stocks lower
NEW YORK (AP) — Grim sales forecasts from two major companies and concern that the Federal Reserve will soon start withdrawing its support for the economy pummeled the stock market Thursday. The Dow Jones industrial average slumped 225 points, its worst day in nearly two months. Investors also dumped bonds, driving the yield on the […]