Topic: Peter Cardillo

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  • Stocks up on strong US auto sales

    Stocks closed higher on Wall Street Wednesday after General Motors and other carmakers posted strong sales in August. Other positive news helped move stocks higher.

  • Stocks stall on tepid GDP growth

    Stocks stalled Friday after GDP didn't grow as much as hoped and earnings from a handful of big companies failed to rev up investors. Weaker hiring reports have also held stocks back.

  • Stocks rise; Best Buy jumps 16 percent

    Stocks ended higher on Wall Street Thursday, regaining half of its plunge the day before, as buyers returned to the market. Among stocks making big moves, electronics retailer Best Buy jumped $3.48, or 16 percent, to $25.13.

  • Stocks rise; Dow logs longest winning streak in 2 years

    Stocks closed up on Wall Street Tuesday with the Dow barely extending its winning streak to eight days. Stocks have surged this year as investors became encouraged by a recovery in the housing market and a pickup in hiring.

  • Stocks rise; Dow closes above 14,000

    The Dow Jones industrial average closed above 14,000 Friday for the first time since October 2007. The Dow Jones industrial average is a stock market index that is traditionally considered a benchmark for how the entire stock market is faring.

  • Stocks climb with Dow approaching 14,000

    Stocks rose on Wall Street Tuesday as the Dow Jones industrial average closed at 13,954. The January rally looked as if it was running out of steam yesterday as stocks pulled back from their highs, but Tuesday stocks resumed their ascent toward record levels.

  • Stocks barely flinch after good jobs report

    Stocks initially rose on news of the unemployment rate dropping to 7.8 percent. But in afternoon trading, stocks failed to hang onto early gains.

  • FedEx's weak outlook leaves stocks mixed

    Stock prices were mixed Tuesday after FedEx sharply reduced its fiscal-year profit forecast. FedEx's stock fell $2.73, or 3.1 percent, to close at $86.55.

  • Jobless claims rise. Wait, that's good news?

    Jobless claims were projected to drop last week, but they rose unexpectedly instead. But despite the scary numbers, the jobless claims data may include signs that the economy is making forward progress.

  • Weak retail sales figures push stocks lower

    Stocks closed mostly lower Thursday after signs emerged that Americans are spending at a slower pace and that China's economy may be in worse shape than previously thought. The Dow Jones industrial average closed down 47 points at 12,896.