After trending higher over the past several sessions, stocks showed a lack of direction throughout the trading day on Friday before closing roughly flat. A muted reaction to a highly anticipated speech by Federal Reserve Chair Janet Yellen contributed to the lackluster performance.
U.S. crude oil ended lower Friday on demand growth concerns, despite some recent upbeat economic data out of the U.S. and a bigger than expected decline in U.S. crude oil stockpiles last week. Renewed concerns of a slowdown in China and the resumption of oil shipments from Libya weighed on crude oil,...
Republican Scott Brown has significantly narrowed the gap in the race against incumbent New Hampshire Sen. Jeanne Shaheen, D-N.H., according to the results of a new WMUR Granite State Poll.
Gold futures snapped a five-day losing streak to end higher on Friday, after Fed Chair Janet Yellen's address to fellow central bankers showed little clarity as to when a rate hike could be expected.
With little or no significant economic release for the day, gold prices benefited from some bargain...
Americans are divided regarding President Barack Obama's handling of the unrest in Ferguson, Missouri, according to the results of a CBS News/New York Times poll.
With traders seemingly reluctant to make any significant moves, stocks continue to show a lack of direction in mid-day trading on Friday. Nonetheless, the markets are largely holding on to the bulk of their recent gains.
On the heels of the violent clashes between local police and protestors in Ferguson, Missouri, Sen. Claire McCaskill, D-Mo., announced that she will hold a Senate hearing in September to examine the militarization of local police departments.
Stocks have shown a lack of direction in early trading on Friday after showing a strong move to the upside over the past several sessions. The major averages have been bouncing back and forth across the unchanged line.
Federal Reserve Chair Janet Yellen on Friday warned that rate hikes could come sooner than expected if the U.S. economic recovery is sustained.
"If progress in the labor market continues to be more rapid than anticipated or if inflation moves up more rapidly than anticipated, resulting in faster...
Women's apparel retailer Ann, Inc. on Friday reported an 8 percent decline in profit for the second quarter from last year, as higher sales were more than offset by soft traffic and lower margins. However, both revenue and earnings per share beat analysts' expectations. Looking ahead, the company forecast third-quarter revenue below Street estimates and also lowered its full-year revenue outlook.
After trending higher over the past several sessions, stocks may give back some ground in early trading on Friday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 19 points.
Power producer Dynegy Inc. (DYN) Friday said it has signed two separate definitive agreements to acquire the ownership interests in certain Midwest generation assets from Duke Energy Corp. (DUK), as well as EquiPower Resources Corp and Brayton Point Holdings, LLC from Energy Capital Partners or ECP.
Athletic apparel and footwear retailer Foot Locker, Inc. reported Friday a profit for the second quarter that increased 39 percent from last year, reflecting improved margins and sales growth. Sales at established stores also grew 7 percent. Both adjusted earnings per share and quarterly sales topped analysts' expectations.
Royal Bank of Canada reported Friday higher profit in its third quarter, benefited by significant growth in revenues. Adjusted earnings per share topped market estimates. Further, the company announced higher quarterly dividend.
Although easing of geopolitical tensions was a welcome respite for the markets, the mood is still cautious, given the uncertain economic backdrop. The major U.S. index futures point to a slightly lower opening on Friday after Asian stocks ended on a mixed note, while the European markets are seeing some...