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| March 23, 2019

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Stocks Sink on Wall Street

February 7, 2019 |

Stocks are closing broadly lower on Wall Street as traders were discouraged by more disappointing news on the global economy and company profits, the AP reports. Technology companies, health care stocks and banks led the way lower on Thursday. Twitter slumped almost 10% after issuing a weak forecast. The declines…
Newser

CNN

Tesla shares sink after earnings

January 31, 2019 |

Tesla is still profitable — it’s just not as much as investors hoped.
CNN.com – RSS Channel – World

Stocks Sink on China Slowdown Fears

January 28, 2019 |

Stocks are closing broadly lower on Wall Street as traders worry about the impact on US companies of a slowdown in China’s economy, the AP reports. Caterpillar dropped 9.1% Monday after the heavy equipment maker reported earnings that were far below what analysts were expecting. Nvidia sank 13.8%…
Newser

U.S. stocks sink as epic rally falters; oil slips

December 27, 2018 |

Volatility returned to U.S. markets, with stocks stumbling back toward a bear market after the biggest rally in nearly a decade faltered. Oil and the dollar gave up some of the previous session’s advances. Oil slipped below $ 46 a barrel.

The S&P 500 sank more than 1%, unable to add to a 5% surge…


L.A. Times – Business

Stocks sink again, adding to several days of steep losses

December 20, 2018 |

Stock prices are falling further on Wall Street on Thursday, the day after another dive rocked markets around the world.

The benchmark Standard & Poor’s 500 index fell about 1.5%. It has slumped almost 7% in the last six days and is nearly 16% below the peak it reached in late September.

After…


L.A. Times – Business

Plunging Oil Prices Sink Energy Stocks

November 13, 2018 |

The steepest fall in oil prices in more than three years pulled energy stocks lower on Wall Street, extending a losing streak for the S&P 500 index to a fourth day, the AP reports. The price of US crude plunged 7.1% Tuesday, to $ 55 a barrel, the lowest since…
Newser

Post-election stock surge fades, and oil prices sink again

November 8, 2018 |

U.S. stocks slipped Thursday as oil prices’ ninth consecutive drop hurt energy companies. U.S. markets were coming off huge gains from the day before.

U.S. crude oil has slumped more than 20% since early October, meeting Wall Street’s definition of a bear market.

Government fuel stockpiles have…


L.A. Times – Business

Stocks sink again, falling back into the red for the year

October 27, 2018 |

Stocks are back in the red for the year after another wave of selling hit Wall Street on Friday.

The decline capped an unusually turbulent week of trading that had one solid gain sandwiched between substantial losses.

A three-week slide has left the benchmark Standard & Poor’s 500 index on track…


L.A. Times – Business

ZTE Profits Sink, But Sales Are Recovering ‘Rapidly’ After U.S. Ban

October 27, 2018 |

ZTE Corp., the Chinese telecom giant, said profit for the third quarter fell 65% from a year ago but business is “rapidly recovering” after a three-month ban forbidding it to buy from U.S. suppliers ended this summer.
WSJ.com: What’s News Asia

Stocks sink on weak industrial earnings; tech skid resumes

October 19, 2018 |

U.S. stocks slumped again Thursday as investors continued to sell shares of technology and internet companies, industrial firms and companies that rely on consumer spending.

Several industrial companies tumbled after releasing weak quarterly reports, and European stocks also fell as European Union…


L.A. Times – Business