Wall Street

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Bonuses for Wall Street Bankers Drop Most in 4 Years

But workers are still getting $146K

(Newser) - For Wall Street bankers, 2015 didn't turn out as well as it usually does in terms of bonuses. Per Bloomberg , the average bonus fell 9% last year to $146,200, which is the largest decrease since 2011, according to estimates by NYS Comptroller Thomas DiNapoli. As the Washington Post ...

Dow Falls 123, Erasing Gains
 Dow Falls 123, Erasing Gains 
Feb 29, 2016 3:23 PM CST

Dow Falls 123, Erasing Gains

Nine of 10 market sectors take a tumble

(Newser) - Late-day selling pushed US stocks to a loss for the day and erased nearly all of the market's gains for the month. Nine of the 10 market sectors fell Monday—only utilities managed a slight gain—as investors lost enthusiasm for stocks after two straight weekly gains. Health care...

Stocks Fall Sharply Amid Bank, Tech Selloff

Facebook sinks 4% and Amazon 3%

(Newser) - A steep sell-off in stocks got a little less bad by the end of the day, but it still left indexes down sharply for the second day in a row. Banks and technology shares fell sharply Monday. Facebook sank 4% and Amazon, which more than doubled last year, lost 3%....

Stocks Slip, Oil Skids 6%
 Stocks Slip, Oil Skids 6% 
Jan 25, 2016 3:19 PM CST

Stocks Slip, Oil Skids 6%

Chevron, Exxon each sink 3%

(Newser) - US stocks are closing lower as the beleaguered energy sector took another blow from falling oil prices, the AP reports. Chevron and Exxon Mobil each fell 3% Monday, among the biggest losses in the Dow Jones industrial average. The price of crude oil dropped nearly 6% to $30 a barrel...

Crude Plunges, But Dow's Up 52

Oil ends at just over $31 a barrel

(Newser) - US stocks struggled to end mostly higher, but oil and gas companies were hit by another plunge in the price of crude. Chevron lost 2% and Exxon Mobil fell 1% Monday. Benchmark US oil sank another 5% and ended just above $31 a barrel, its lowest close since December 2003....

Dow Claws Back, But It's Still Bad

Dow Jones ends with worst loss in 2 weeks

(Newser) - It was a gloomy start to the new year on Wall Street as stocks sank as part of a global sell-off . Investors worried about new signs of a slowdown in China and a flare-up in tensions between Saudi Arabia and Iran. That sent the price of oil on another wild...

Dow Falls 23 Amid Energy, Mining Decline

Chevron falls 1.8%

(Newser) - Stocks are closing lower, led by declines in energy and mining companies as prices for oil and other commodities fall. Chevron fell 1.8% Monday, the most in the Dow Jones industrial average. Mining company Freeport-McMoRan sank 10% after announcing that its co-founder was leaving. The Dow average lost 23...

Dow Spikes 122, Oil Drops Again

Tenet Healthcare is today's big winner, rising by 11%

(Newser) - US stocks posted moderate gains, recovering a small portion of the big losses recorded late last week. Energy stocks continued to fall as the price of oil fell. Hospital operator Tenet Healthcare rose 11% after it renewed a contract with health insurer Aetna. Crude fell another 1%, nearing levels not...

Crude Oil, Stock Market Take a Plunge

Dow loses 309 points, Nasdaq drops 111

(Newser) - Another sharp drop in the price of oil prompted investors to dump stocks again, leaving the US market with its worst weekly loss since the summer. Oil and gas companies led stocks lower Friday, capping an ugly week. Southwestern Energy plunged 14% and Chesapeake Energy sank 9%. Investors sought refuge...

Crude Oil Plunges, Dow Falls 117

Plunging crude closes at less than $38 a barrel

(Newser) - Energy companies are closing sharply lower, leading a broad decline on the stock market, after the price of oil dropped to its lowest point in nearly seven years. US crude plunged almost 6% to close below $38 a barrel Monday. That's the lowest level since February 2009, at the...

Dow Dips 78 on Holiday Gloom
 Dow Dips 78 on Holiday Gloom 
Nov 30, 2015 3:20 PM CST

Dow Dips 78 on Holiday Gloom

Stocks decline amid weak spending

(Newser) - Early signs of softness in holiday spending sent retail stocks lower on the first day of trading after the Thanksgiving holiday. Macy's and Kohl's each fell 2% Monday, while Target fell 1%, more than the rest of the market. Health care stocks also took a tumble. Drugmakers Celgene...

Dow Dips 31 as Rally Ends
 Dow Dips 31 
 as Rally Ends 
Nov 23, 2015 3:25 PM CST

Dow Dips 31 as Rally Ends

GameStop sinks 4%

(Newser) - An early gain for US stocks faded away in the afternoon, leaving indexes slightly lower. The slight losses Monday came after the market closed out its best week of the year. Video game retailer GameStop sank 4% after reporting earnings and revenue that fell short of analysts' forecasts. Pfizer and...

Dow Surges 238 on Energy Gains

Oil rises 3% to $41 a barrel

(Newser) - The stock market is closing solidly higher, led by gains in energy companies as the price of oil turned higher after a recent slump. The Dow Jones industrial average gained 238 points, or 1.4%, to 17,482 Monday. The Standard & Poor's 500 index increased 30 points, or...

Dow Tumbles 180 Amid Global Fears

Traders also wonder whether rate hike is coming

(Newser) - The stock market had its biggest fall in two weeks as investors worried that the global economy could be slowing. Traders were also worrying Monday that last week's strong jobs report opened the way for the first rate hike from the Federal Reserve in nearly a decade. Priceline plunged...

Dow Surges 165
 Dow Surges 165 
Nov 2, 2015 3:20 PM CST

Dow Surges 165

Health care stocks among the winners today

(Newser) - Stocks posted solid gains Monday, adding to last month's big advances and pushing the Dow Jones industrial average into positive territory for 2015. Several companies moved on news, including Chipotle Mexican Grill, and Visa. Health care stocks were among the winners as drugmakers Pfizer and AbbVie climbed, while energy...

Dow Falls 23 Before Fed Meeting

Investors see a busy week ahead

(Newser) - Stocks are closing mostly lower as traders look ahead to a busy week of corporate earnings and a Federal Reserve meeting. Xerox slumped 3% Monday after its quarterly revenue missed analysts' estimates. The company said it would review its business and spending plans. The Dow Jones industrial average fell 23...

Dow Surges by 304
 Dow Surges by 304 
Oct 5, 2015 3:15 PM CDT

Dow Surges by 304

Industrial and energy stocks lead the charge

(Newser) - US stocks are closing sharply higher, led by big gains in industrial and energy stocks. The rally Monday gave the Standard & Poor's 500 its fifth daily gain in a row. General Electric led the industrial sector higher, gaining 5%, after activist investor Nelson Peltz bought a stake in...

US Stocks Take a Bad Fall
 US Stocks Take a Bad Fall 
Sep 28, 2015 3:20 PM CDT

US Stocks Take a Bad Fall

Worries about China's economy keep growing

(Newser) - The stock market had its worst drop in nearly a month as investors worried about more signs of weakness in China's economy. The Dow Jones industrial average dropped 312 points, or 1.9%, to 16,001 Monday. The Standard & Poor's 500 index sank 49 points, or 2....

Dow Plunges 589 on Wild Day
 Dow Plunges 589 on Wild Day 
Aug 24, 2015 3:07 PM CDT

Dow Plunges 589 on Wild Day

The markets correct somewhat after horrific opening

(Newser) - The US stock market took investors on a stomach-churning ride today, as the Dow Jones industrial average briefly plunged more than 1,000 points and sent a shiver of fear from Wall Street to Main Street. Stocks regained much of that ground as the day wore on, with the Dow...

Feds: Hackers' Simple Scheme Earned Them $100M

They peeked at press releases before they went public

(Newser) - It was surprisingly simple and surprisingly lucrative: Feds say a group of hackers made $100 million by getting a look at corporate press releases before they went public. The hackers tapped into three big companies that distribute such releases—Marketwire, PR Newswire, and Business Wire—and were able to make...

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