Nasdaq falls 1 percent
NEW YORK (Reuters) - Stocks fell on Thursday, with the Nasdaq down 1 percent and the S&P on track for a fifth straight day of declines as weak U.S. economic data spooked investors already concerned about the ongoing debt crisis in Europe. The Dow Jones industrial average dropped 68.95 points, or 0.55 percent, to 12,529.60. The Standard & Poor's 500 Index dropped 9.28 points, or 0.70 percent, to 1,315.52. The Nasdaq Composite Index dropped 31.44 points, or 1.09 percent, to 2,842.60. (Reporting By Edward Krudy, editing by Dave Zimmerman)
S&P 500 in third straight drop, J.C. Penney off late
NEW YORK (Reuters) - Stocks fell for the eighth day in the past 10 on Tuesday as uncertainty stemming from the political stalemate in Greece gave investors another reason to be cautious and sellers came out in force late in the session. The S&P 500 fell for the third straight session as attempts to form a government in Greece fell apart, raising the possibility of a rejection of the bailout terms spelled out by the European Union for the fiscally troubled nation. ...
S&P 500 hits fresh 3-month low
NEW YORK (Reuters) - Stocks were headed for a third day of losses, with the S&P 500 falling to fresh 3-month lows, as failure to form a new government in Greece put the debt-ridden nation's bailout package and debt repayments further at risk. The Dow Jones industrial average dropped 64.03 points, or 0.50 percent, to 12,631.32. The Standard & Poor's 500 Index dropped 7.34 points, or 0.55 percent, to 1,331.01. The Nasdaq Composite Index dropped 7.37 points, or 0.25 percent, to 2,895.21. (Reporting by Edward Krudy, editing by Dave Zimmerman)
S&P 500 down for 4th day of five, Groupon up late
NEW YORK (Reuters) - Stocks fell on Monday as investors dealt with the one-two punch of worsening political upheaval in the euro zone and the possibility that China's economy may be softening more than previously thought. The S&P 500 finished lower for the fourth day of five to close at its lowest level since February, adding fuel to worries of a coming market correction. Economically sensitive shares, including banks and energy companies, paced the decline. Exxon Mobil Corp lost 1.2 percent to $82.12. The NYSEArca oil index fell 1.8 percent. ...
Wall Street falls on Europe, but S&P off lows
NEW YORK (Reuters) - Stocks fell on Monday but the S&P 500 came off lows after slipping below a key support level on fears of worsening political turmoil in the euro zone and signs of weakening Chinese growth. Economically sensitive shares, including banks and natural resources companies, led the decline. Morgan Stanley fell 3.1 percent to $14.48, while Exxon Mobil Corp lost 1 percent to $82.26. JPMorgan Chase & Co announced the first exit of a top executive after suffering trading losses that could reach $3 billion or more. The bank said Ina Drew, its investment chief, would retire. ...
Wall Street Week Ahead: Stocks face choppy seas of bank woes, uncertainty
NEW YORK (Reuters) - More volatility could be in store for stocks next week as investors grapple with less certainty about the economic outlook and a new blow to the financial sector after JPMorgan Chase's trading loss. Europe is expected to keep investors jumpy as well, with inconclusive results from the recent Greek election and the country's future appearing more worrisome. The economic picture appears cloudy these days, with some data showing a more positive trend and other reports showing the opposite. ...
US stocks end week in red, brace for Greece drama
US stocks took a beating this week, only to face more turbulence from Europe as Greece grapples with rising political uncertainty that could cost the country's crucial EU-IMF bailout.
JP Morgan sends Wall Street lower
NEW YORK (Reuters) - Stocks fell at the open on Friday after JPMorgan Chase & Co revealed a trading loss of at least $2 billion from a failed hedging strategy, dragging bank shares lower. The Dow Jones industrial average was down 69.63 points, or 0.54 percent, at 12,785.41. The Standard & Poor's 500 Index was down 8.09 points, or 0.60 percent, at 1,349.90. The Nasdaq Composite Index was down 11.95 points, or 0.41 percent, at 2,921.69. (Reporting By Edward Krudy, editing by Dave Zimmerman)
Wall Street rises after fall, but Cisco a drag
NEW YORK (Reuters) - Stocks advanced modestly on Thursday as investors snapped up shares at beaten-down prices after a weak stretch, but tech bellwether Cisco Systems' disappointing outlook limited gains. In a positive development, euro-zone officials said the bloc's countries are prepared to keep financing Greece until the country forms a new government, either after Sunday's election or if new elections are needed next month. Cisco Systems Inc dropped 10.1 percent to $16.88, its biggest percentage drop since February 2011, making it the biggest drag on the market. ...
Dow on its way to breaking six-day losing streak
Stocks are up at midday, putting the Dow Jones industrial average on track to break a six-day losing streak.
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