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| June 29, 2017

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Banks lead U.S. stocks broadly higher

June 28, 2017 |

U.S. stocks moved broadly higher in morning trading Wednesday, recouping some of the losses from Tuesday. Banks and other financial companies were up the most. Utilities were the only laggard. Investors eyed the latest company earnings and deal news.

KEEPING SCORE: The Standard & Poor’s 500 index…


L.A. Times – Business

Stocks open slightly lower on Wall Street

June 27, 2017 |

Stocks are opening slightly lower on Wall Street, led by declines in phone and technology companies.

Verizon lost 1.8% early Tuesday, AT&T fell 1.1% and Microsoft slipped 0.8%.

Darden Restaurants rose 3% after reporting earnings that were better than analysts expected.

The Standard & Poor’s 500…


L.A. Times – Business

U.S. indexes inch higher as energy stocks claw back some steep losses

June 24, 2017 |

U.S. stock indexes nudged higher Friday after energy companies clawed back some of their sharp losses from earlier in the week.

After meandering up and down through the day, the Standard & Poor’s 500 rose 3.80 points, or 0.2%, to end at 2,438.30. The Dow Jones industrial average slipped 2.53 points,…


L.A. Times – Business

Wild Week for Chinese Stocks Reminds Investors of Beijing’s Heavy Hand

June 24, 2017 |

A selloff after a regulatory crackdown on some of China’s biggest companies followed a rally induced by a leading global index compiler’s long-awaited decision to include Chinese stocks.
WSJ.com: What’s News Asia

Stocks Tick Slightly Higher

June 23, 2017 |

Stocks ticked higher as energy companies clawed back some of their sharp losses from earlier in the week, the AP reports. After getting off to a slow start, the Standard & Poor’s 500 index finished with a modest gain Friday, leaving it slightly higher for the week. Energy companies benefited…
Newser

Stocks hold steady as oil’s dismal week eases

June 22, 2017 |

U.S. stock indexes were close to flat in early trading Thursday after the price of oil stabilized, at least for now.

This week has been dominated by oil’s tumbling price — which on Wednesday dropped to its lowest level since last summer — and how much it will affect the broader market.

KEEPING…


L.A. Times – Business

Energy stocks dive again as oil drops, offsetting tech and healthcare gains

June 21, 2017 |

Energy stocks dived again Wednesday as oil dropped to its lowest price since last summer, extending their dismal start to the year. Gains for healthcare and technology stocks helped restrict losses for broader market indexes.

The Standard & Poor’s 500 index slipped 1.42 points, or 0.1%, to 2,435.61….


L.A. Times – Business

Stocks falter as oil prices slump

June 20, 2017 |

The price of oil slumped Tuesday to its lowest level of the year and helped to restrain U.S. stock indexes, which were at record highs the day before.

KEEPING SCORE: The Standard & Poor’s 500 index fell 7 points, or 0.3%, to 2,446, as of 10 a.m. EDT. The Dow Jones industrial average fell 15 points,…


L.A. Times – Business

Tech and bank stocks lead early gains

June 19, 2017 |

Technology companies and banks are leading stock indexes modestly higher in early trading on Wall Street.

Apple rose 1.7% in the first few minutes of trading Monday, while Google’s parent company, Alphabet, gained 1.6%. Bank of America gained 1.4%.

The Standard & Poor’s 500 index rose 10 points,…


L.A. Times – Business

Amazon-Whole Foods deal hammers grocery stocks; Dow ticks up to new high

June 18, 2017 |

Amazon’s deal to buy Whole Foods Market sent grocery stores, big retailers, and food makers and distributors plunging Friday. Energy companies rose. Other stocks were little changed.

It’s rare for a single deal to have a big effect on the broader stock market, but the Amazon-Whole Foods deal did….


L.A. Times – Business