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Category Archive: Business News

Jun
16
2011

Stocks Start With Gains

By BRENDAN CONWAY NEW YORK-U.S. stocks bobbed between small gains and losses as investors were pulled between intensifying worries over the Greek debt crisis and higher-than-expected readings on U.S employment and housing. The Dow Jones Industrial Average gained 31 points, or 0.3%, to 11929 in early trading. The quality & Poor’s 500-stock index gained 0.3% …

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Jun
16
2011

Pandora shares fall 10% after IPO rally

NY (MarketWatch)– Stocks of Pandora Media Inc. /quotes/zigman/5419837/quotes/nls/p P -10.62% fell over 10% to $15.65 on Thursday, an afternoon after it made a splashy debut in the marketplace. On Wednesday, Pandora shares rose greater than 40% on the open to top $22 a share, but …

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Jun
16
2011

Market Snapshot: U.S. stocks gain; data offers some respite

By Kate Gibson, MarketWatch BIG APPLE (MarketWatch) — U.S. stocks climbed Thursday after better-than-expected data on U.S. housing and jobs helped rein in anxiety in regards to the health of the commercial recovery. The main indexes quickly recovered after falling …

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Jun
16
2011

Tech Stocks: RIM shares lead tech gains sooner than results

By Dan Gallagher, MarketWatch SAN FRANCISCO (MarketWatch) — Research In Motion Ltd. picked up gains Thursday morning prior to its quarterly earnings report, giving a lift to the remainder of the tech sector in early trades. Pandora IPO fuels more bubble talk …

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Jun
16
2011

Stocks Gain, Led by Banks; Pandora Slides

Stocks rebounded Thursday after a handful of mixed economic news and as investors snapped up beaten-down stocks following a selloff within the previous session over Greece’s growing debt worries. The Dow Jones Industrial Average climbed after skidding almost 1.5 percent inside the previous session. Home Depot [HD  Loading...      ()   ] and AmEx …

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Jun
16
2011

Phillly Fed Faceplants, Stocks Fall

By Mark Gongloff The Philly Fed index came in negative 7.7 in June. Ouch. Economists expected it to rise to 7 from 3.9. Philly Fed has plunged from 43.4 in March. This 51.5-point drop in three months is the largest on record going back to the 1960s. Alan Ruskin at Deutsche Bank points out that …

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Jun
16
2011

Energy Stocks: Cabot, Cameron up as energy stocks rise

By Steve Gelsi, MarketWatch NY (MarketWatch) – Energy stocks rose Thursday after big losses within the previous session at the heels of a merger deal within the pipeline business, as crude oil prices strengthened on the $95-a-barrel level. The NYSE …

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Jun
16
2011

US STOCKS-Wall St set to open flat on Greece anxiety

Thu Jun 16, 2011 9:26am EDT * Jobless claims fall, housing starts rise * S&P 500 technical support seen at 1,250-1,257 * Futures: Dow off 1 pt, S&P up 2.3 pts, Nasdaq up 3.5 pts * For up-to-the-minute market news see [STXNEWS/US] (Updates prices, adds U.S. data, changes comment) By Rodrigo Campos NY, June 16 …

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Jun
16
2011

Indications: U.S. stock futures pare losses on economic data

By Kate Gibson and Polya Lesova, MarketWatch THE BIG APPLE (MarketWatch) – U.S. stock futures trimmed their declines Thursday after economic data had jobless claims falling greater than expected last week and housing starts more robust than anticipated. Down about …

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Jun
16
2011

U.S. stock futures lessen fall amid economic data

NY (MarketWatch) — U.S. stock futures trimmed their declines Thursday after economic data had jobless claims falling greater than expected last week, while a report on housing starts was more robust than anticipated. Down 50 points prior to the reports, futures for the Dow Jones Industrial Average were lately off 37 …

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