us stocks

U.S. Stocks Fall as Bernanke Fails to Offer New Plans for Growth

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Sept. 8 (Bloomberg) — U.S. stocks fell, after the biggest gain in two weeks for benchmark gauges, as Federal Reserve Chairman Ben S. Bernanke failed to offer any specific new plans to bolster growth in the world’s largest economy. Financial and industrial shares had the biggest losses in the S&P 500 within 10 groups. Bank of America Corp. and Boeing Co. fell at least 2.9 percent, pacing declines in companies most-tied to the economy. Dollar General Corp. slumped 5.4 percent after saying that holders will sell 25 million shares. The Standard & Poor’s 500 Index lost 0.8 percent to 1,189.39 … Read more

U.S. Stock Futures Drop Amid Concern European Crisis Worsening

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Sept. 5 (Bloomberg) — U.S. stock futures fell, indicating the Standard & Poor’s 500 Index may slide for a third day when exchanges open tomorrow, as European markets showed growing concern the sovereign debt crisis is worsening. Bank of America Corp. declined 5.9 percent and Citigroup Inc. dropped 4.9 percent in German trading as banks led the Stoxx Europe 600 Index to a 4.1 percent retreat. Alcoa Inc., the largest U.S. aluminum producer, slumped 3 percent in Germany. S&P 500 futures expiring in September lost 2 percent to 1,145.60 at 11:50 a.m. in New York. U.S. markets are closed for … Read more

Stocks plunge after US hiring dries up in August

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NEW YORK (AP) — Stocks tumbled Thursday after a dismal report on the job market renewed fears of another recession. No new jobs were created in the U.S. last month, the government said early Friday. It was the worst report in 11 months. The unemployment rate held steady at 9.1 percent. It has been above 9 percent in all but two months since May 2009. “It’s certainly ugly,” said Jeff Kleintop, chief market strategist at LPL Financial. Kleintop said the report didn’t change his view that the economy was headed for a stretch of weak economic growth, not a recession. … Read more

US stocks fall on global economic worries

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NEW YORK (AP) — More evidence of a slowing global economy sent stocks falling Tuesday and threatened to end the market’s three-day rally. Germany’s economy stalled last quarter and dragged down growth for Europe. In the U.S., reports painted a mixed economic picture: Housing remains weak, but factory output rose last month at its fastest pace since the March earthquake in Japan disrupted global manufacturing. The Dow Jones industrial average fell more than 120 points in the first half hour of trading before paring most of its losses by noon. Stocks then quickly resumed their decline after the leaders of … Read more