Sysco merger boosts the stock market to another record close Monday. Hope for a longer-term budget deal in Washington also helped.
Stocks edged higher on Wall Street Friday, as a mixed set of earnings capped a turbulent week on Wall Street. By many measures, stocks have endured a rough five days.
Stocks fell on Wall Street Wednesday as evidence of a slowing global economy grows. The drop comes just one week after US stocks hit an all-time high.
Stocks changed little Tuesday on Wall Street as fiscal cliff negotiations continued in Washington. Some say stock trading will grow in volatility the longer budget talks progress without a deal.
US stocks faltered Monday after the World Bank said Asia's economies won't grow as much as expected this year. The Dow Jones Industrial Average fell 36 points to 13574 an hour after the opening bell.
The Dow started sinking after the Fed's Philadelphia branch reported a manufacturing slowdown resulting from a steep drop in companies' orders. It only got worse, as the index ultimately lost 250 points to close at 12,573, a 2 percent drop.
U.S. stocks closed sharply lower Monday following disappointing job growth in March. The Dow fell 130 points to 12929, its first close below 13000 in a month.
The Dow rose 53.58 points to close at 11,613.53 as a wild month for the financial markets ends quietly