After recovering from an early move to the downside, stocks showed a lack of direction throughout the remainder of the trading session on Wednesday. The choppy trading came amid another relatively quiet news day. The major averages ended the day on opposite sides of the unchanged line.
Controversial Arizona Governor Jan Brewer announced Wednesday that she will not run for another term in office later this year. Announcing her decision at an elementary school in Glendale, Brewer indicated that the time had come to "pass the torch of leadership."
U.S. crude oil plummeted for a third straight session to end at a near five-month low Wednesday, on demand growth concerns after an official weekly oil report from the U.S. Energy Information Administration showed crude stockpiles in the U.S. to have jumped nearly three times more than expected last...
While more than two dozen Democratic senators staged an all-night "talk-a-thon" on Monday to call attention to climate change, the results of a new Gallup poll show that the issue ranks near the bottom of the list of concerns for Americans.
Gold futures moved up for a third straight session to end at a six-month high on Wednesday, as investors opted for safe haven assets while tracking declining global equity markets with fears of slowing economic growth in China after some lackluster trade data last weekend. The ongoing standoff between...
Leaders of the Group of Seven nations issued a statement Wednesday indicating that they will not recognize the outcome of the Crimea region's proposed referendum on seceding from Ukraine. Crimea is set to hold a referendum Sunday on whether to rejoin Russia or remain a part of Ukraine. Last Thursday, the regional parliament voted unanimously to become part of Russia.
After coming under pressure at the start of trading on Wednesday, stocks have staged a notable recovery over the course of the session. The major averages have climbed well off their worst levels of the day and are lingering near the unchanged line in mid-day trading.
Stocks came under pressure at the start of trading on Wednesday, extending the pullback seen over the two previous sessions. The major averages showed notable moves to the downside, although selling pressure has waned since the open.
Republican David Jolly narrowly won Tuesday's special election for the House seat representing Florida's 13th Congressional District. Jolly, a former Washington lobbyist, defeated Democratic candidate Alex Sink and Libertarian Lucas Overby in the race to succeed the late Rep. Bill Young, R-Fla. With all precincts reporting, Jolly received 48.5 percent of the vote compared to 46.6 percent for Sink.
After moving lower over the course of the two previous sessions, stocks may see some further downside in early trading on Wednesday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 51 points.
Eurozone industrial production declined unexpectedly in January due to the ongoing contraction in energy output, reflecting the fragile nature of the economic recovery. Industrial output fell 0.2 percent month-on-month in January, which was the second consecutive drop, Eurostat said Wednesday. Economists had expected production to expand 0.5 percent, after a revised 0.4 percent fall in December.
Oil and natural gas exploration and production company Energy XXI (Bermuda) Limited Wednesday said it has signed a definitive merger agreement to acquire EPL Oil & Gas, Inc., a Texas-based peer, for total consideration of $2.3 billion, including the assumption of debt. Upon completion of the merger, Energy XXI expects to have an enterprise value of about $6 billion.
A new study by US space agency NASA shows Earth's climate is likely to experience roughly 20 percent more warming than estimated, despite the recent slowdown in the rate of global warming. The current estimates were largely based on surface temperature observations during the past 150 years. The new research by Drew Shindell, a climatologist at NASA's Goddard Institute for Space Studies in N
UK insurer Prudential Plc Wednesday reported a sharp fall in full-year 2013 profit, as total revenues declined with a drop in investment return. Earned premiums, however, increased from last year. Operating profit was up with strong Asia operations. The directors have also recommended a higher dividend.
Sentiment continues to remain subdued, as indicated by the U.S. index futures, which point to a modestly lower opening on Wednesday. Earlier in the global trading day, Asian stocks closed lower amid risk aversion, accentuated by some sore domestic economic data, while European stocks are also trading notably lower. With little catalysts to guide trading, stocks could be locked in their recent lack