Markets

Brendan McDermid | Reuters
Trader on the floor of the New York Stock Exchange.

U.S. stocks surged on Thursday, extending Wall Street’s best day of the year, after the Federal Reserve said it would be patient in increasing interest rates and as crude furthered its rise. “With Janet Yellen becoming an oil analyst yesterday by suggesting that the recent price declines in crude oil will be “transitory”, anything with …

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Traders on the floor of the New York Stock Exchange.

U.S. stocks finished lower on Monday, topping off a wild ride that had the Dow Jones Industrial Average trading in a more than 300-point range on either side of neutral as investors monitored the price of oil. “Everyone keeps saying how great lower energy prices are, but it’s the major global growth story that is …

Oil & stocks sell off

It was an ugly day on Wall Street with stocks diving and crude cratering. Is this the beginning of a steeper selloff?

Brendan McDermid | Reuters
Trader on the floor of the New York Stock Exchange.

U.S. stocks declined on Wednesday, furthering the week’s losses, as the price of crude fell to multi-year lows and the Organization of Petroleum Exporting Countries cut its demand outlook for next year. “Oil continues to be the concern. Depending on who you talk to and in what time frame on which day of the week, …

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Traders on the floor of the New York Stock Exchange.

U.S. stocks declined on Tuesday, extending losses into a second session, as Wall Street echoed a global rout that came as China toughened collateral rules for short-term loans, increasing worries about the global economy. “It’s all about the news out of China; what really spooked the market is they restricted riskier forms of debt for …

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November’s surprisingly strong job growth and wage gains sparked talk of an earlier Fed rate hike, but that’s not likely without several months of solid improvement, strategists say. Nonfarm payrolls increased by a stunning 321,000 in November, the best jobs gain since January 2012, and average hourly earnings rose by 9 cents, for a 2.1 …

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The dollar has been on fire. It’s sitting at a seven-year high against the Japanese yen, a two-year high against the euro, and the broader dollar index is at the highest point since March 2009. As the dollar marches higher, it’s gaining a lot of fans along the way. Read More The dollar-yen trade is back…and …

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Traders on the floor of the New York Stock Exchange.

U.S. stocks fell on Thursday, with benchmarks retreating from records, after European Central Bank President Mario Draghi said the central bank would wait until early next year to consider whether further moves to stimulate the economy are needed. Draghi’s comments threw cold water on hopes the ECB would begin a program of sovereign-debt purchases called …

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December is traditionally a strong month, but as we begin we are getting: 1) more weak data from China, with PMI down to 50.3, the lowest reading since March. Many big material names like BHP Billiton were down big last week—about 10 percent—on concerns China’s growth is slowing. 2) more weak data from Europe, with …

2015 markets outlook

Some Wall Street pros are already coming out with their outlooks for the markets in 2015. Dominic Chu takes a look at the early trends for the new year.

Patti Domm | CNBC
OPEC headquarters in Vienna, Austria.

Oil gushed higher on China’s surprise rate cut but also as traders increased bets that OPEC will have no choice but to cut production when it meets on Thanksgiving Day. China’s central bank cut rates for the first time in more than two years, firing up a global risk rally that was also driven by …

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Traders on the floor of the New York Stock Exchange.

Blow-away Philly Fed data at a 1993 level, slightly stronger consumer inflation data, a surprise jump in home sales and still sub-300,000 weekly jobless claims. None of it has even ruffled the bond market. Treasury yields stayed around levels they were at all morning Thursday, but the volume was higher than usual. The cash market …

CalSTRS investment strategy

Find out how the head of CalSTRS, the nation’s second largest public pension fund, is investing in this market.

Stocks since the lows

Bob Pisani tells us what’s been driving the markets sharply higher since the October 15th lows.

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A worker polishes a 2015 Ford Mustang on Aug. 28, 2014 in Flat Rock, Mich.

October’s employment report shows steady jobs growth; a slow decline in the unemployment rate and no signs of wage pressures—a solid formula that does little to change expectations for the economy or the Fed. The Labor Department said Friday 214,000 nonfarm payrolls were added in October, and the unemployment rate fell to 5.8 percent from …