Stocks rebound modestly from Friday’s steep losses

U.S. stocks ended narrowly mixed Monday, itself a big improvement on last Friday’s rout. Continue reading

Posted in China, Europe, Stocks

Stocks get slammed by weak jobs number

May’s stock selloff continued with a vengeance into the first day of June as all the major U.S. market indexes dropped by 2%-3% Friday, the third straight day of losses. Continue reading

Posted in Bonds, Jobs, Stocks

May ends fittingly with a decline in stock prices

One day ahead of Friday’s much-awaited employment report for May, the S&P 500 gyrated between a morning low of 1299, where it was down 1.1%, and a late-day high of 1320, where it was up 0.5%, before ending at 1310, off 0.2% for the day. Continue reading

Posted in Bonds, Commodities, Stocks

Bonds soar, stocks plunge on more bad Spanish news

U.S. and German government bonds were virtually the only winners on Wednesday as global stocks, the euro and oil prices all shot lower as concern grew about Spain and its tottering banking system. Continue reading

Posted in Bonds, Europe, Stocks

Stocks higher despite reported drop in consumer confidence

Stock prices bounced higher Tuesday following the long Memorial Day weekend, with the Dow Jones Industrial Average up around 125 points or 1.0%. Continue reading

Posted in Consumer Confidence, Housing, Stocks

U.S. stocks fail to rally again as Spain fears mount

Unlike Wednesday and Thursday, U.S. stocks failed to mount a late-day rally on Friday and closed slightly lower on the day but up for the week. Continue reading

Posted in Consumer Confidence, Europe, Stocks

U.S. stocks rally late for second straight day

U.S. stocks staged another late rally on Thursday after the Italian prime minister offered encouraging words about Greece remaining in the euro zone and the possibility of jointly-issued euro bonds. Continue reading

Posted in China, Europe, Stocks