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Stocks stumble on economic jitters
Here are some highlights of the day's business news:
Stocks ended in the red Wednesday, as disappointing reports on jobs and the services sector weighed on investors.
The Dow Jones industrial average fell 84 points, or 0.6%. Earlier in the session, the blue-chip index tumbled more than 130 points. The S&P 500 shed 9 points, or 0.7%; and the Nasdaq slid 13 points, or 0.5%.
Caterpillar and General Electric were the biggest drags on the Dow. Shares of First Solar pressured both the Nasdaq and S&P 500, falling 8.5%.
Stocks struggle as oil prices decline
Some highlights from the day's business news:
U.S. stocks struggled for a second session on Tuesday, as disappointing corporate earnings and a steep drop in the price of oil weighed on the broader market.
The Dow Jones industrial average finished mostly unchanged, rising less than a point, to close at 12,808.
The biggest drag on blue chips was Pfizer, which reported earnings per share that beat by just a penny. The drugmaker reaffirmed its outlook, but investors were hoping for more. Shares fell 3%.
Financial shares were among the top performers in the Dow, with Bank of America and JPMorgan Chase closing up more than 1.5%.
The energy sector was the biggest weight on the broader market as oil prices retreated sharply, settling down 2.2% to $111.05 a barrel. Chevron shares fell 2%, ConocoPhilips shares dropped more than 4% and Exxon Mobil was down less than 2%.
Dow hits nearly three-year high
Some highlights from the day's business news:
Stocks hit fresh highs as dollar weakens
U.S. stocks rose to multi-year highs on Thursday, as investors dismissed a series of mixed earnings reports as well as disappointing economic news.
The Dow Jones industrial average rose 72 points, or 0.6%; to close at 12,763.
Boeing led the Dow higher, with its shares rising more than 3% a day after the company reported its quarterly results. Exxon Mobil was among the biggest drag on the blue-chip index, after it reported sales that fell short of forecasts. Exxon Mobil's stock slid less than 1%.
Netflix now America's biggest video service provider
Some highlights from the day's business news:
7% of Americans subscribe to Netflix
Netflix knocked over a new milestone Monday: It now has more subscribers than the largest cable TV operator in the U.S.
Netflix's global subscriber base grew almost 70% over the past year, to 23.6 million users. With that audience, it dethroned Comcast as the country's biggest provider of subscription video content. More than 7% of Americans now subscribe to Netflix.
Those details came out Monday in Netflix's first-quarter report, in which the company reported earnings of of $60.2 million, or $1.11 a share. That's up from $32 million, or 59 cents a share, a year ago.
Dow up 51 points; gold sets record
Some highlights from the day's business news:
Dow bolstered by J&J earnings
Stocks staged a modest advance Tuesday, following a sharp selloff on Monday, as investors' attention turned to corporate earnings and the latest housing reports.
"The market continues to focus more broadly on earnings, which so far this season have been mixed," said Peter Cardillo, chief market economist with Avalon Partners.
The Dow Jones industrial average was up 51 points, or 0.4%; the S&P 500 gained 5 points, or 0.4%, and the Nasdaq Composite added 4 point, or 0.1%.
Stocks drop as S&P slashes U.S. outlook
Some highlights from the day's business news:
Stocks sink after U.S. outlook slashed
U.S. stocks cut some losses late Monday afternoon, but still finished the session sharply lower after Standard and Poor's cut its long-term outlook on U.S. debt to negative.
The Dow Jones industrial average sank 140 points, or 1.1%. The S&P 500 fell 15 points, or 1.1%, and the Nasdaq Composite lost 29 points, or 1.1%.
Earlier in the session, all three indexes were down 2%.
Stocks flat as oil rises
Some highlights from the day's business news:
Stocks little changed as oil rises again
U.S. stocks ended Thursday's session mostly flat, erasing earlier losses as commodities and energy stocks climbed higher. The gains in oil - it went over $108 a barrel -Â offset weakness in the banking and technology sectors.
The Dow Jones industrial average rose 14 points, or 0.1%, to 12,285. The Dow was down as many as 107 points earlier in the session.
Dow drops 118 points
Some highlights of the day's business news:
Stocks dragged down by oil and Alcoa
U.S. stocks finished lower Tuesday, with all three major indexes losing about 1%, as a 3% drop in oil prices sparked a sell-off in energy stocks and Alcoa's sales disappointment weighed down the Dow.
Investors also were on edge after Japanese officials raised the threat level at the Fukushima nuclear plant to the same as the 1986 incident at Chernobyl, in what was then the Soviet Union.
Investors cautious as they await earnings
Some highlights from the day's business news:
Stocks under pressure ahead of earnings
U.S. stocks gave up an early advance and closed little changed Monday as investors looked ahead to corporate reports due throughout the week.
The Dow Jones industrial average rose 1 point, or less than 0.1%, to close at 12,381. The S&P 500 slipped about 4 points, or 0.3% to 1,324. The Nasdaq Composite sank 9 points, or 0.3%, to 2,771.
Stocks posted broad-based gains earlier in the session on a spate of deal news and a drop in oil prices following talk of a cease fire in Libya. But the tone turned more cautious in the afternoon, as investors were awaiting the early results of the first-quarter reporting period.
Second Japan quake stokes uncertainty, sending oil prices up and stocks down
A roundup of the day's business news headlines:
Stocks fall slightly following Japan quake
U.S. stocks fell slightly Thursday after Japan was hit with another major earthquake and the price of oil rose above $110 a barrel.
The Dow Jones industrial average fell 17 points, or 0.1%, to 12,409; the S&P 500 dropped 2 points, or 0.2%, to 1,334; and the Nasdaq Composite lost 3.6 points, or 0.1%, to 2,796.
A 7.1-magnitude earthquake occurred off the coast of Japan shortly after 10:30 a.m. ET, only a few miles west the March 11 earthquake. The news sent the Dow down as much as 95 points, but stocks slowly recovered throughout the afternoon.
Japan's news agency NHK issued a tsunami warning that was lifted two hours later, with no reports of major damage. The troubled Fukushima-Daiichi nuclear power plant did not experience any further damage, according to NHK.
Treasuries fall on rising inflation concerns
A roundup of the day's business news headlines:
Stocks close higher on tech strength
U.S. stocks closed higher Wednesday as strength in the technology sector offset weakness in energy producers and industrial companies.
The Dow Jones industrial average rose 33 points, or 0.3%, to close at 12,426; the S&P 500 added 3 points, or 0.2%, to 1,335; the Nasdaq Composite gained 8 points, or 0.3%, to 2,799.
Tech stocks were among the best performers with Cisco leading gainers on the Dow. Shares of financial services companies were also strong, with American Express and JPMorgan both up more than 2%.
Energy stocks came under pressure after the government's weekly inventory report showed smaller-than-expected declines in U.S. supplies of oil and gasoline, raising fears that energy demand is waning. Monsanto fell sharply after the farm products company reported quarterly sales that disappointed some investors, even as profits rose.
After the market closed, shares of Bed Bath & Beyond surged 8% after the homeware retailer reported quarterly earnings and sales that beat analysts expectations.
FULL POST
Oil, gold, silver are 'uncertainty magnets'
A roundup of today's business news headlines:
Stocks end flat after Fed minutes
U.S. stocks ended little changed Tuesday, as investors weighed hawkish meeting minutes from the Federal Reserve.
The Dow Jones industrial average fell 6 points, or less than 0.1%, to close at 12,394. The S&P 500 slipped less than 1 point to 1,332; the Nasdaq Composite edged up 2 points to 2,791.
Stocks were supported by gains in semiconductor companies after Texas Instruments announced a $6.5 billion bid for rival National Semiconductor. Shares of National Semiconductor surged 72%. But the market came under pressure after meeting minutes from the Federal Reserve raised speculation that the U.S. central bank could raise rates later this year amid rising inflation.
FULL POST
Geithner: U.S. will reach debt limit by May 16
U.S. Treasury Secretary Timothy Geithner told congressional leaders Monday that he now expects the United States to hit its $14.294 trillion debt ceiling "no later than May 16."
Earlier, the Treasury had estimated that the limit would be reached between April 15 and May 31.
If Congress doesn't raise the debt limit by May 16, the Treasury would employ a range of extraordinary measures to prevent the United States from defaulting on its obligations. But Geithner estimated that those measures could only buy roughly eight weeks.
Some Republicans say they will oppose raising the debt ceiling unless there are accompanying reforms intended to address long-term spending and national debt issues. Democrats have countered that such a move would amount to a default on paying some debt with dire economic consequences.
FULL STORY
Dollars & Sense: Untapped U.S. oil; the NFL's moneymaking machine
 A roundup of today's CNNMoney news:
Billions of barrels of untapped U.S. oil: In the grasslands of western North Dakota, one of the country's richest oil men is using a controversial gas drilling technology to develop what could be the biggest domestic oil discovery in the last 40 years.
Where gas prices hurt the most: Hey California, stop whining about $4 gas. As gas prices have surged 13% over the last month, Mississippi is feeling the worst pain at the pump.
Dollars & Sense: Rent a movie on Facebook; What’s up with food prices?
A roundup of today's CNNMoney news:
Why you’re paying more for your groceries: After holding steady for two years, food prices in the United States are rising once again, due to growing demand and tight supplies of wheat, corn and other key commodities. That means American consumers are being hit with higher grocery bills at a time when gas prices are already starting to dent household budgets.
10 SUVs that don’t guzzle gas (gallery): SUVs have come a long way from being the poster-children for the last gas crisis. Some hybrids can get up to 34 mpg.
Mardi Gras beads reincarnated (video): This New Orleans company is putting those beads to good use, creating housewares, lighting, and colorful home accessories.
Rent a movie on your Facebook page: Warner Bros. said it will offer "The Dark Knight" for rental through its Facebook page. More movie titles will be available for rental or purchase over the coming months. Rentals cost 30 Facebook Credits, or $3, and users can watch the movie up to 48 hours after purchase.
Starbucks at 40 - No midlife crisis: The comeback for Starbucks has been stunning. There was a lot of skepticism about whether Starbucks could rediscover the magic growth beans. And the recession didn’t help. But the coffee chain has reinvented itself, introducing new products and cutting costs.
Dollars & Sense: Tapping oil reserves; $6 million BMW
A roundup of today's CNNMoney news:
Tapping U.S. oil reserves is a bad idea: There are growing calls to tap the Strategic Petroleum Reserve in the face of rising gas and oil prices. But prices are largely being driven by speculators.
Tech companies desperate for "rockstarninja engineers": A flood of startups has sparked a talent war over the industry's scarcest resource: Skilled engineers and developers.
Dollars & Sense: Government shutdown avoided; Libya's spending; iPad 2's debut
A roundup of today's CNNMoney news:
$4 billion down, $57 billion to go Congress passed a spending bill Wednesday that will keep the government open for another two weeks. Get ready for a knock-down fight between now and March 18 over the next round.
Libya: Spending oil money across the globe From Italian football team Juventis to Financial Times owner Pearson publishing, just what is Libya invested in?
Gas station owners: Don't call us gougers! In the past month, Mike Bellman has raised gas prices by a penny a day at his Sunoco station in Columbus, Ohio. And he's not apologizing for it.
iPad 2: Thinner, faster, cooler Apple CEO Steve Jobs made a surprise appearance to present the second generation of the iPad tablet. As expected, it will feature front- and rear-facing cameras and will be capable of FaceTime video chatting - a feature that debuted last year on the iPhone 4.
How to avoid drowning in debt Sam's credit card debt is out of control and he's asked Chuck to help him get a handle on his spending.
Dollars & Sense: $4 gas is out there; unclaimed tax refunds
A roundup of today's CNNMoney news:
$4/gallon for gas? Depends where you live: Gas prices vary a lot depending on the state, city and even the block where you buy your gas. The biggest reason is taxes.
Americans still hungry for SUVs: High gas prices aren't affecting car sales. General Motors said it saw strong demand for the Silverado pickup, which posted a 60% gain in sales, and an 84% increase in retail sales to consumers.
Hot cars from the Geneva Auto Show: From Lamborghinis to Ferraris, take a sneak peek at the hottest new cars.
20 years old, $30k in debt, no degree: Stephanie Peter dropped out of school because of financial stress. Now she's stuck with loads of debt and no degree.
$1.1 billion in unclaimed 2007 tax refunds: Half of those who failed to file are owed a refund of $640 or more. And it could be even more: The median potential 2007 refund for people living in Wyoming was $788, while New Hampshire residents are owed a median refund of $741.
Dollars & Sense: Gmail accounts nuked; credit cards from hell
A roundup of today's CNNMoney news:
Google nukes thousands of Gmail accounts: Imagine opening up your e-mail and finding years of correspondence gone. As many as 150,000 Gmail users have been confronting that scary scenario throughout the past day.
Madoff says his victims were 'greedy': Of his burned investors, Bernard Madoff reportedly said, "Now if you listen to [them], they're living out of Dumpsters and they don't have any money, and I'm sure it's a traumatic experience to some, but I made a lot of money for people." Victims fire back, calling Madoff a monster, a liar and a thief.
Dollars & Sense: Gas prices continue to surge; trade junk for cash
A roundup of today's CNNMoney news
Washington’s budget follies: Congress may soon pass a fifth short-term funding bill in as many months just to keep Washington operating for another two to four weeks. On top of that, government agencies may also be asked to cut up to $4 billion in as-yet-unnamed programs during that period. Meanwhile, the government is getting ready for a shutdown.
'Most expensive February ever' for gas:Â Gasoline prices have increased nearly 12 cents a gallon this week. And analysts expect prices to increase in the next few days following a sharp rise in the price of crude oil. But what's really going on with gas prices?
A Pennsylvania town on the brink (video): Braddock used to be a thriving industrial town of 20,000. Today, its population is closer to 2,700. A massive marketing tie-up with Levi's is helping prop up the community, but the economy remains fragile.
Trade in your old junk for cash: The old sofa in your living room, the pile of sports equipment in the garage, the outgrown baby gear, the used electronics are all worth cash - lots of it.
$99 iPad rival deal - Not quite real, not quite fake: NoteSlate, a digital drawing pad, or at least the idea of one, is burning a hole in the blogosphere, despite not having been created yet.
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