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U.S. markets turned higher Monday morning after closing lower in four of five trading sessions last week. Investors were beset by a flurry of government reports last week, including a Friday report that said unemployment rose from 9.7 to 9.8 percent on the loss of 263,000 jobs in September. In midmorning trading Monday, the Dow Jones industrial average added 42.62 points, 0.45 percent, to 9,530.29. The Standard & Poor's 500 gained 0.76 percent, 7.77 points, to 1,032.98. The Nasdaq...
U.S. markets turned lower for the second consecutive day Friday after the Labor Department said unemployment rose in September to 9.8 percent.The department said 263,000 jobs were lost in the month. The report was issued the day after the Dow Jones industrial average lost 203 points on a spate of shaky government reports.The Commerce Department reported a spike in consumer spending prompted by a federal rebate program for car buyers. With the program concluded, automakers said vehicle sales...
U.S. markets turned sharply lower at the opening bell Thursday after closing out the third quarter in the previous session with encouraging returns. The third quarter ended with the Dow Jones industrial average up 15 percent from three months ago, the best quarter in 11 years. The Standard & Poor's 500 also gained 15 percent in the past 3 months. But a slew of government reports shook investors Thursday. The Commerce Department said consumer spending spiked in August thanks to the cash...
U.S. markets turned sharply lower at the opening bell Thursday after closing out the third quarter in the previous session with encouraging returns. The third quarter ended with the Dow Jones industrial average up 15 percent from three months ago, the best quarter in 11 years. The Standard & Poor's 500 also gained 15 percent in the past 3 months. The DJIA is finding the 10,000-point barrier elusive, however. The index closed above 9,840 points on Sept. 23, the closest it has come to a...
U.S. stock markets turned higher after a slow start Wednesday, as a final gross domestic product estimate beat expectations. The third and final government estimate of second quarter productivity said the GDP shrank 0.7 percent, rather than the previously reported 1 percent. Automatic Data Processing Inc. said non-farm private jobs decreased by 254,000 in the month, a smaller loss than July to August, which was revised to a decline of 277,000. In early afternoon trading, the Dow Jones...
U.S. stock markets closed lower Wednesday, despite a gross domestic product estimate that beat expectations. The third and final government estimate of second quarter productivity said the GDP shrank 0.7 percent, rather than the previously reported 1 percent. Automatic Data Processing Inc. said non-farm private jobs decreased by 254,000 in the month, a smaller loss than July to August, which was revised to a decline of 277,000. The Dow Jones industrial average crossed the break-even point...
U.S. stock markets turned down Wednesday, heading lower for the second consecutive day on an August to September job report. Automatic Data Processing Inc. said non-farm private jobs decreased by 254,000 in the month, a smaller loss than July to August, which was revised to a decline of 277,000. While an improvement from previous months, the data added up to more U.S. workers unemployed than a month ago. The construction sector lost 73,000 jobs. But it was the thirty-second consecutive...
U.S. markets were mixed Tuesday as a closely watched index of home prices showed mixed results. The S&P/Case-Shiller Home Price Index showed the 10-City and 20-City composite listings, while still negative, have improved for six months. In early afternoon trading, the Dow Jones industrial average lost 5.51 points, 0.06 percent, to 9,783.85. The Standard & Poor's 500 added 1.49 points, 0.14 percent, to 1,064.53. The Nasdaq composite index lost 0.77 points, 0.04 percent, to 2,129.97....
U.S. markets closed lower Tuesday as a closely watched index of home prices showed mixed results. The S&P/Case-Shiller Home Price Index showed the 10-City and 20-City composite listings, while still negative, have improved for six months. By close, the Dow Jones industrial average lost 47.16 points, 0.48 percent, to 9,742.20. The Standard & Poor's 500 shed 2.37 points, 0.22 percent, to 1,060.61. The Nasdaq composite index lost 6.70 points, 0.31 percent, to 2,124.04. On the New York...
U.S. markets slipped Tuesday morning as a closely watched index of home prices showed mixed results. The S&P/Case-Shiller Home Price Index showed the 10-City and 20-City composite listings, while still negative, have improved for six months. In midmorning trading, the Dow Jones industrial average lost 7.33 points, 0.07 percent, to 9,782.03. The Standard & Poor's 500 shed 0.01 points, less than 0.01 percent, to 1,062.97. The Nasdaq composite index lost 1.66 points, 0.08 percent, to...
