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| August 15, 2018

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US Stocks Rally as Turkish Lira Steadies

August 14, 2018 |

US stocks rallied as banks, retailers, and smaller companies jumped. The gains Tuesday helped the market recover most of its losses over the previous two days, the AP reports. The Turkish lira steadied as officials from Turkey and the US said the countries are in talks to ease diplomatic tensions,…
Newser

Stocks End Lower Amid Turkey Fears

August 13, 2018 |

Stocks continued to fall as Turkey’s central bank was unable to stop another plunge in the nation’s currency, the AP reports. Banks and energy companies fell the most on Wall Street Monday. JPMorgan Chase gave up 1.6% and Exxon Mobil fell 1.1%. European and Asian markets also fell….
Newser

Stocks open slightly higher

August 13, 2018 |

Stocks opened slightly higher on Wall Street on Monday, led by gains in technology and healthcare companies.

Consumer-focused companies were also higher in early trading. Amazon rose 1.1%.

Marketing and media information company Nielsen soared 14% after activist investor Elliott Management disclosed…


L.A. Times – Business

Turkey turmoil weighs down U.S. stocks

August 10, 2018 |

Stocks in the United States and Europe skidded Friday as investors worried about the financial stability of Turkey and how it might affect the global banking system.

Turkish President Recep Tayyip Erdogan has accumulated more and more control over the country’s central bank as well as its financial…


L.A. Times – Business

Retail stocks rise and bank stocks fall; indexes barely budge

August 10, 2018 |

Major U.S. indexes stood stock-still for the third consecutive day Thursday as gains for retailers were canceled out by losses for banks and other companies.

Energy companies again headed lower after a sharp drop in oil prices the day before. Amazon and media company Viacom led consumer-focused…


L.A. Times – Business

Bank, Energy Stocks Crimp the Dow

August 10, 2018 |

Stocks struggled to a mostly lower finish on Wall Street as losses for banks and energy stocks offset gains elsewhere in the market. The Dow Jones Industrial Average fell 74 points, or 0.3%, to 25,509, while the Nasdaq composite rose 3 points to 7,891, and the S&P…
Newser

Stocks slip; oil prices weigh on energy companies

August 8, 2018 |

U.S. stocks are slightly lower Wednesday morning after a four-day winning streak brought the Standard & Poor’s 500 index to a six-month high. Energy companies are slipping along with oil prices. Wall Street is mainly focused on company earnings even after the United States said it will put new…


L.A. Times – Business

Stocks keep climbing, led by tech companies

August 7, 2018 |

U.S. stocks are rising again Tuesday as strong company earnings lift the market. The benchmark Standard & Poor’s 500 index is up for the fourth day in a row and fifth day out of the last six. Technology companies and banks are making some of the largest gains. Overseas markets are also higher.


L.A. Times – Business

Stocks get a lift from earnings reports; Berkshire and Tyson rise

August 6, 2018 |

U.S. stocks edged up Monday morning, with companies including Tyson Foods and Berkshire Hathaway rising after their second-quarter reports. Overseas markets are having a sluggish start to the week.

KEEPING SCORE: The Standard & Poor’s 500 index rose 1 point, to 2,841 as of 10 a.m. EDT. The benchmark…


L.A. Times – Business

Stocks edge higher after solid jobs report

August 4, 2018 |

U.S. stocks rose Friday after the Labor Department said hiring remained solid in July and strong quarterly earnings continued to boost the market.

U.S. employers added 157,000 jobs last month, fewer than analysts expected. But the Labor Department said more jobs were added in May and June than…


L.A. Times – Business