Tag: stocks

Trump Causes Big Pharma Stocks to Rise

On Friday, Trump broke yet another promise to the voters and enriched large corporations by proposing to lower drug prices by promoting competition among pharmaceutical companies, suggesting Big Pharma would have to disclose prices in advertising.  Trump also forgot he promised to have the government directly negotiate lower drug prices for Medicare and denied American…

Global Markets Plunge On EU Vote [VIDEO]

World stocks saw more than $2 trillion wiped off their value on Friday as Britain’s vote to leave the European Union triggered 5-10 percent falls across Europe’s biggest bourses and a record plunge for sterling. Such a body blow to global confidence could prevent the Federal Reserve from raising interest rates as planned this year,…

Bayer Announces $62 Billion Cash Offer For Monsanto [VIDEO]

German drugs and chemicals group Bayer AG said it had made an offer to buy U.S. seeds company Monsanto Co for $122 per share in cash, or a total value of $62 billion including debt, to create the world’s biggest agricultural supplier. Bayer said on Monday that the proposal made to Monsanto’s management represented a…

China Stocks Tank 7%, Trading Suspended [VIDEO]

Global markets continued a rocky start to 2016 on Thursday when China’s key stock benchmark, the CSI300, nosedived 7.2 percent after just 30 minutes of trading, triggering a halt for the remainder of the day. It was the shortest trading day in the market’s 25-year history, according to The Wall Street Journal, and the second…

Chinese Markets Halt Trading After Shares Plunge

Trading was halted on China’s stock markets Monday after shares plunged 7 percent and triggered a new system in place to limit volatility. The Shanghai Composite Index dropped 6.9 percent while China’s benchmark CSI 300 Index fell 7 percent. The Shenzhen Composite tumbled by more than 8 percent. Trading was suspended earlier in the day…

Dow Plunges 1000 Points at Opening [VIDEO]

The Dow Jones Industrial Average dropped 1000 points minutes after the opening bell Monday thanks to fears about China’s economic slowdown. The index rebounded slightly since then but is still well within negative territory. Earlier in the day, the Shanghai Composite index dived 8.5 percent in what the state-run Xinhua New Agency called “China’s Black…

Dow Plunges 500 Points [VIDEO]

The Dow Jones Industrial Average and Standard & Poor’s 500 Index gave up all of their 2015 gains Thursday, only to be crushed further on Friday when Dow plunged over 500 points. The Dow, S&P, and Nasdaq on Friday all saw drops of more than 1 percent thanks to fears that China’s economy is stalling…

New York Stock Exchange Halts Trading Due To Technical Issue

“New York Stock Exchange / NYSE MKT has temporarily suspended trading in all symbols. Additional information will follow as soon as possible,” the NYSE said in a status statement on its status page Wednesday due to apparent technical issues. All open orders will be canceled. NYSE Systemwide trading Halt began at 11:32A ET. No indication…

Apple Becomes 1st $700 Billion Company [VIDEO]

On Tuesday afternoon, Apple became the first U.S. company to close with a value of $700 billion or more. Shares of the company closed up $2.29, or 1.9%, to $122.01. “It shouldn’t be surprising that record breaking market (valuations) follow record-breaking earnings,” says Walter Piecyk, analyst at BTIG.

Futures Higher, Point to Positive Start for 2015 [VIDEO]

U.S. stock index futures rose on Friday as equities looked to rebound from a sharp decline in the previous session, though moves and volume were likely to remain tepid as the holiday week draws to a close. Wall Street ended December with solid gains for both the year and fourth quarter, though a broad decline…

Stock Futures Lower After China, Japan Data Disappoints [VIDEO]

U.S. stock index futures dipped on Monday, indicating the S&P 500 may retreat from its latest record high, as soft data in China and Japan kindled global growth concerns. Economic data showed China’s exports rose at a slower than expected pace and imports dropped 6.7 percent in November, while Japan’s economy shrank more than expected…

Global stocks lackluster before ECB policy meeting

Global stock markets were lackluster Thursday as investors looked ahead to a European Central Bank meeting and U.S. economic data. Declines were tempered by an easing of tensions over Ukraine. KEEPING SCORE: European trading was cautious. The CAC-40 in Paris edged down 0.4 percent to 4,403.99. Britain’s FTSE 100 was up 0.2 percent at 6,883.85.…

Europe stocks rebound, Asia subdued by China data

European stocks bounced back Monday from Ukraine-related concerns that had caused sharp selling last week. Wall Street was expected to open higher but Asian markets were subdued by further signs of weakness in China’s property market. KEEPING SCORE: Germany’s DAX jumped 1.4 percent to 9,215.48 and France’s CAC 40 added 1 percent to 4,216.41. Britain’s…

US stocks open higher after jobless claims report; S&P 500 and Nasdaq on track

Stocks opened higher on Thursday, shaking off a higher jobless claims number, and rising with world equity markets on comments from Russian President Vladimir Putin. “We seem to be reacting now more to Europe and Russia than anything happening here,” said Peter Boockvar, chief market analyst at The Lindsey Group. “Our economy is better but…

US stocks open higher following upbeat labor report, but close down

US stocks open higher following upbeat labor market data; Dow gains 45 points, S&P up 7 points The report on initial weekly jobless claims showed a bigger-than-expected drop, so that’s encouraging. Here are the numbers on the day for the major indexes down about 1/2 a percentage point Dow 16,368 -75 0.46% Nasdaq 4,335 -20…

Apple Stock Split, Shares Open At $92.69

The Apple stock split has taken place, with shares in the iPhone giant being split 7 for 1, and the opening share price of Apple’s shares was $92.69, when trading began on the NASDAQ. Apple shares just became more affordable, and each of their existing shareholders gets 6 additional shares per share in the new…

World stocks mostly higher on US optimism

World stock markets mostly rose Monday on investor optimism about the U.S. economy, hints from China about further stimulus and weakness in the yen. Markets in Asia were supported by Friday’s Commerce Department report that new home sales rose 6.4 percent in April to a seasonally adjusted 433,000 after falling in the previous two months.…

US stocks rise after Fed statement; record finish for Dow

U.S. stocks rose on Wednesday, with the Dow Jones Industrial Average and S&P 500 rising for a third consecutive month, as Wall Street welcomed a further reduction in the Federal Reserve’s monthly bond purchases. Dow Jones Industrial Average closed at an all-time high of 16,580, erasing loss for the year. “Who would imagine we would…

European Stocks Climb for a Third Day Before ECB’s Rate Decision

European stocks advanced for a third day as investors awaited the European Central Bank’s interest-rate decision. U.S. equity-index futures also rose, while Asian shares fell. TGS Nopec Geophysical Co. jumped 11 percent after raising its annual-revenue projection. AstraZeneca Plc climbed 1.3 percent after a diabetes pill it developed with Bristol-Myers Squibb Co. won U.S. approval.…

Dow, S&P 500 hit new highs on Fed’s ‘Taper Lite’

U.S. stocks soared to new highs Wednesday even though the Federal Reserve announced that it would begin gradually dialing back on its market-friendly bond-buying program in January, a decision that marks the start of a long-awaited shift back to more normalized monetary policy. The Dow Jones industrial average surged almost 300 points to a record…

Dow Jones average reaches another record high

The Dow Jones industrial average rose to another all-time high on Wall Street Monday. The market edged higher from Friday, when it got a lift from an unexpectedly strong U.S. jobs report for October. The surge in hiring made investors more optimistic that the U.S. economy is getting stronger. Stock trading volume was among the…

Global stocks mixed amid US stimulus jitters

Global stock markets were mixed at the start of the week after unexpectedly strong U.S. economic growth and hiring reinforced expectations that the Federal Reserve will start cutting back stimulus soon. Stocks in Manila sank after a typhoon devastated the eastern Philippines, killing thousands of people. Investors were also waiting to see if China’s communist…

Stocks muted despite pickup in China manufacturing

Asian and European stock markets were muted Friday despite an uptick in China’s manufacturing as investors continued to fret that the U.S. Federal Reserve will begin cutting its stimulus as soon as January. Two measures of China’s manufacturing improved in October in a possible sign of economic recovery. China’s growth rebounded to 7.8 percent in…

Google Stock (GOOG) Tops $1,000 a Share

It was a milestone Friday for Google, as its stock price surpassed $1000—a rare feat in the business world. The search engine has come a long way since its $85 dollar initial public offering in 2004. Google joins the likes of Priceline.com and the turkey and hog processing company Seaboard in the small but mighty…

US Stocks Close At Record Highs; S&P Finishes Above 1,700

US stocks soared to set fresh closing highs Thursday, propelling the S&P 500 above the 1,700 mark for the first time, as Wall Street cheered a round of upbeat economic data and ahead of the widely-watched government jobs report. Major averages also closed out their best July since 2010 on Wednesday. So far this year,…