Stock prices are up sharply Wednesday following the worst-three session start to a new year since 2008 amid rising hopes for more aggressive monetary stimulus from the European Central Bank after worsening inflation data in the Eurozone.
As of 12:23 p.m. ET, the Dow, S&P 500 and Nasdaq…
Shareholders of Walgreens on Monday overwhelmingly approved the final phase of the pharmacy giant’s acquisition of European drugstore and health products counterpart Alliance Boots. Approximately 97% of the votes cast during a shareholder meeting in New York City were in favor of the…
This week’s stock rally, which sent the Dow Jones Industrial Average to new heights on Tuesday, is more than just good holiday cheer, according to the pros. Santa Claus came early this year for investors by sending the blue-chip stock index above 18,000 for the first time early Tuesday,…
PetSmart is about to get a new owner, and this is no shelter rescue. The pet products retailer is being acquired for about $8.2 billion in what would be the biggest private equity deal of 2014. For PetSmart’s stockholders, the sale works out to $83 a share in cash.
The long-running bull…
U.S. stock futures eked out gains Thursday as Asia’s stock markets surged. China’s Shanghai Composite index rocketed 4.3% higher while Japan’s Nikkei 225 index added 0.9%. Both Chinese and Japanese shares rose sharply as the dollar traded at its strongest level against the yen since 2007….
Energy stocks led European markets higher Tuesday, with investors eager to lock in profits after a brief pickup in oil prices during the previous session. Following a week of particularly heavy losses that saw the cost of Brent crude tumble by around 13%, prices recovered somewhat on Monday, and…
Apple (AAPL) stock was supposed to completely destroy every retailer in its path this holiday season. But Apple is the one getting crushed Monday. Shares of the gadget maker Monday closed down $3.86, or 3.3%, to $115.07. That might not sound like much of a decline, but when you’re talking…
China’s interest rate cut was a welcome surprise for markets, spurring a global stock rally on Friday, but economists caution that the move is no magic fix for the slowing economy. “It lowers the downside risks to the economy but probably doesn’t change the baseline forecast…
The Dow and S&P 500 hit new closing highs Friday, registering a fifth straight week of stock gains. The Dow Jones industrial average climbed 91 points, or 0.5% to a new all-time finishing high of 17,810.06. Up 11 points, or 0.5%, was the Standard & Poor’s 500. The index settled at…
Virgin America, the young airline known for its amenities and customer service but which has only recently turned a profit, went public on Friday. And early trading showed that the airline industry’s latest IPO appears to be a success.
While the offering price for shares was $23, the stock…
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