Saturday Business Brief
Global stocks zoomed higher today, energized by the European Central Bank's bolder-than-expected stimulus plan.
NEW YORK (AP) - The stock market is closing with a big gain after Europe's central bank offered an aggressive plan to revive that region's weak economy. The S&P 500 index jumped 31 points, or 1.5 percent, to close at 2,063, erasing its losses for the new year. The Dow Jones industrial average surged 260 points, also 1.5 percent, to 17,813. The Nasdaq gained 83 points, 1.8 percent, to 4,750.
The Food Marketing Institute has awarded the Hy-Vee/Sanford Legends program as one of four winners of its Community Outreach Awards.
NEW YORK (AP) - Stocks are climbing in afternoon trading on Wall Street. A pledge by the European Central Bank to buy 1.1 trillion euros in bonds to stimulate the European economy is lifting stocks, pushing up government bonds and driving the euro to new lows.
NEW YORK (AP) - Another choppy day on Wall Street is ending with stocks higher on hopes for new stimulus for Europe's economy and on a sharp rise in oil. The Standard & Poor's 500 index rose 9 ½ points, or 0.5 percent, to close at 2,032. The Dow Jones industrial average climbed 39 points, or 0.2 percent, to 17,554. The Nasdaq gained 12 ½ points, or 0.3 percent, to 4,667.
NEW YORK (AP) - Stocks are little changed in early afternoon trading on Wall Street, as investors weigh higher oil prices, a rebound in home construction and a mix of corporate earnings reports. Traders are also waiting to see just how much financial firepower the European Central Bank will unleash tomorrow, when it's expected to announce large-scale purchases of government bonds to stimulate Europe's sluggish economy.
A big rebound in Chinese shares helped lead most Asian stock markets higher today while European markets were more restrained
Rather than waiting for a check or direct deposit, Walmart wants to give you your tax refund in cash.
Ford says its first shipload of around 100 Mustangs has left Portland, Oregon, and is headed to China. Shipments to Europe will begin later this year.
NEW YORK (AP) - The stock market is taking a positive turn again. The rally came Friday at the end of another rough week for the market. The S&P 500 index gained nearly 27 points, or 1.3 percent, to finish at 2,019. The Dow Jones industrial average climbed 191 points, or 1.1 percent, to close at 17,511.and the Nasdaq rose 63 ½ points, or 1.4 percent, to 4,634.
NEW YORK (AP) - Energy companies are fueling a rally that's snapped a five-day losing streak for the stock market. The surge in energy shares today followed a sharp rise in oil prices. The S&P 500 jumped nearly 27 points, or 1.3 percent, to finish at 2,019. The Dow Jones industrials gained 191 points, or 1.1 percent, to end at 17,511. The Nasdaq rose 63 1/2 points, or 1.4 percent, to 4,634.
NEW YORK (AP) - Oil and gas companies are fueling gains on Wall Street, setting up the market for its first gain in more than a week. The long drop in crude prices paused today after the International Energy Agency cut its estimate of oil production from countries outside OPEC. Oil's slide has cut its price by more than half since last June. Some investors and analysts worry that a seven-month slump in oil prices reflects weaker demand for energy around the world.
International stock markets were lower today after a surprise move by the Swiss National Bank to abandon its efforts to keep its currency artificially cheap shocked the market.
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