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Tag Archives: dow jones

Stronger dollar sends stocks falling

NEW YORK — Stocks pulled back Monday as the dollar rose and traders retreated from a rally that brought indexes to their highest levels since the peak of the financial crisis in September 2008. The Dow Jones industrial average fell 40.80, or 0.4 percent, to 11,403.28 in mid-day trading. It had surged 2.9 percent last week after the Federal Reserved ...

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Dow drops below 11,000 as dollar rebounds

NEW YORK — A stronger dollar and a surprise interest rate hike in China that may slow that country’s economy helped push stocks sharply lower Tuesday. The Dow Jones industrial average fell below 11,000 for the first time in a little more than a week, reversing a streak that had pushed the index up nearly 7 percent for the year. ...

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Stocks climb after Citigroup tops forecasts

NEW YORK – An upbeat start to a busy week of earnings pushed stocks higher Monday. Citigroup Inc.’s better-than-expected results drove financial stocks higher, putting an end to a recent slide. The Dow Jones industrial average rose 36 points in midday trading. Citigroup said fewer of its customers defaulted on loans, an encouraging sign that borrowers may be returning to ...

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Stocks set to extend rally into new week

NEW YORK (AP) – Stock futures rose modestly Monday as investors look to extend a rally that pushed the Dow Jones industrial average above 11,000 for the first time since early May. Traders in recent days have been betting the Federal Reserve will act in the coming weeks to stimulate the economy and drive interest rates lower. The Fed could ...

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Dow closes above 10,000 for first time in a year

The Dow Jones Industrial Average closed above 10,000 today for the first time in a year in what some analysts are saying could be a good sign the overall market is recovering from the nearly two-year-old recession. “This rally is real,” said Clark Smith, a partner at Woodridge Capital in Jackson. “There’s no doubt it’s real.” The 30-stock index bottomed ...

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