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Stock Rally Loses Steam After US Reports Hiring Slowdown

By DAMIAN J. TROISE AP Business WriterNEW YORK (AP) — Stocks wobbled in midday trading on Wall Street Friday after losing their momentum from the previous day’s record-setting rally as investors digested a weak jobs report. The Dow Jones Industrial average briefly traded over 29,000 points for the first time before pulling back. The government […]

By DAMIAN J. TROISE AP Business WriterNEW YORK (AP) — Stocks wobbled in midday trading on Wall Street Friday after losing their momentum from the previous day's record-setting rally as investors digested a weak jobs report. The Dow Jones Industrial average briefly traded over 29,000 points for the first time...

Global Stocks, Oil Prices Rebound as Iran Anxiety Eases

By JOE McDONALD AP Business WriterBEIJING (AP) — Global stock markets and oil prices rebounded Thursday as anxiety over potential U.S.-Iranian conflict eased. London and Frankfurt opened higher and Tokyo gained more than 2%. Shanghai and Hong Kong also advanced. Markets sank Wednesday after Tehran launched missiles at bases housing Americans in Iraq in retaliation […]

By JOE McDONALD AP Business WriterBEIJING (AP) — Global stock markets and oil prices rebounded Thursday as anxiety over potential U.S.-Iranian conflict eased. London and Frankfurt opened higher and Tokyo gained more than 2%. Shanghai and Hong Kong also advanced. Markets sank Wednesday after Tehran launched missiles at bases housing...

Oil up, Stocks Down After Iran Missile Attack on US Troops

By JOE McDONALD AP Business WriterBEIJING (AP) — Oil prices rose and global stock markets fell Wednesday after Iran fired missiles at U.S. bases in Iraq in retaliation for the killing of an Iranian general. Brent crude futures, the benchmark for international oils, spiked more than $3 per barrel in London before retreating. Stock markets […]

By JOE McDONALD AP Business WriterBEIJING (AP) — Oil prices rose and global stock markets fell Wednesday after Iran fired missiles at U.S. bases in Iraq in retaliation for the killing of an Iranian general. Brent crude futures, the benchmark for international oils, spiked more than $3 per barrel in...

Oil Price Keeps Rising as Industry Eyes Iran-US Conflict

MATT O’BRIEN Associated PressPROVIDENCE, Rhode Island (AP) — The global benchmark for crude oil rose above $70 a barrel on Monday for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States. The Brent contract for oil touched a high of $70.74 a barrel, […]

MATT O'BRIEN Associated PressPROVIDENCE, Rhode Island (AP) — The global benchmark for crude oil rose above $70 a barrel on Monday for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States. The Brent contract for oil touched a...

Oil Price Jumps on Fear of Iranian Retaliation Against US

By CARLO PIOVANO Associated PressLONDON (AP) — The price of oil surged Friday on concerns that Iran might respond to the killing of its top general by the United States by disrupting global supplies of energy from the Mideast. If sustained, the rise in oil prices could lead to more expensive car fuel, heating and […]

By CARLO PIOVANO Associated PressLONDON (AP) — The price of oil surged Friday on concerns that Iran might respond to the killing of its top general by the United States by disrupting global supplies of energy from the Mideast. If sustained, the rise in oil prices could lead to more...

Stock Indexes Move on First Trading Day of 2020

By ALEX VEIGA AP Business WriterStocks moved higher on Wall Street in early trading Thursday as U.S. markets reopened following the New Year’s Day holiday. The latest gains, which have the major U.S. stock indexes on track for all-time highs, followed a rally in overseas markets after China’s central bank said it will free up […]

By ALEX VEIGA AP Business WriterStocks moved higher on Wall Street in early trading Thursday as U.S. markets reopened following the New Year's Day holiday. The latest gains, which have the major U.S. stock indexes on track for all-time highs, followed a rally in overseas markets after China's central bank...

Wall Street Warns Slower Road Ahead in New Year

By STAN CHOE AP Business WriterNEW YORK (AP) — After a year of nirvana, investors may need to get ready for something a little more normal. Markets are coming off a fabulous 2019, where stocks and bonds around the world climbed in concert. But for the next year — and decade, in fact — Wall […]

By STAN CHOE AP Business WriterNEW YORK (AP) — After a year of nirvana, investors may need to get ready for something a little more normal. Markets are coming off a fabulous 2019, where stocks and bonds around the world climbed in concert. But for the next year -- and...

World Shares Track Wall Street Retreat as Year Winds Down

By ELAINE KURTENBACH AP Business WriterTOKYO (AP) — World shares were lower in quiet New Year’s Eve trading on Tuesday, with many markets closed. The declines tracked a broad retreat overnight on Wall Street that erased some of the major U.S. indexes’ recent gains, though the market remains on track to end the year with […]

By ELAINE KURTENBACH AP Business WriterTOKYO (AP) — World shares were lower in quiet New Year's Eve trading on Tuesday, with many markets closed. The declines tracked a broad retreat overnight on Wall Street that erased some of the major U.S. indexes’ recent gains, though the market remains on track...

2019 Markets: Record Stocks, Lower Rates, so-so IPOs

By ALEX VEIGA Associated PressNEW YORK (AP) — On January 3, the S&P 500 sank 2.5% when Apple warned of sagging demand for the iPhone, an inauspicious start to 2019 following a 14% drubbing in last year’s fourth quarter. On Jan. 4, Federal Reserve Chairman Jay Powell said the central bank would be “patient” with […]

By ALEX VEIGA Associated PressNEW YORK (AP) — On January 3, the S&P 500 sank 2.5% when Apple warned of sagging demand for the iPhone, an inauspicious start to 2019 following a 14% drubbing in last year's fourth quarter. On Jan. 4, Federal Reserve Chairman Jay Powell said the central...

Stocks Notch Gains, Erase Prior Losses for S&P 500

By ALEX VEIGA AP Business WriterTechnology companies led stocks broadly higher on Wall Street Wednesday, erasing the S&P 500’s losses from a day earlier. Traders pivoted to riskier holdings as encouraging developments overseas helped alleviate investors’ anxiety over the global economy. Lawmakers in Britain were seeking a less chaotic exit from the European Union and […]

By ALEX VEIGA AP Business WriterTechnology companies led stocks broadly higher on Wall Street Wednesday, erasing the S&P 500's losses from a day earlier. Traders pivoted to riskier holdings as encouraging developments overseas helped alleviate investors' anxiety over the global economy. Lawmakers in Britain were seeking a less chaotic exit...