U.S. stocks tallied modest losses on Wednesday in closing the books on robust February gains, with the Dow Jones Industrial Average rising for a fifth straight month. “A combination of good economic news and stimulus is all contributing to a good market,” said Mark Martiak, senior wealth strategist at Premier Financial Advisors in New York.
Archive for February 29th, 2012
BIG DROP: New York state Comptroller Thomas DiNapoli said Wall Street cash bonuses for 2011 are expected to drop 14 percent and profits are expected to drop by half for the second year in a row.
Recovery Worries Weigh on Stocks Stocks ended a strong month of gains on a weak note, after Fed Chairman Bernanke took a cautious view of the U.S. recovery and offered few clear signals for additional easing measures to aid the economy.
A&B’s stock gains nearly 2%; Dow drops below 13,000
Cash bonuses on Wall Street fell 14 per cent last year, according to an estimate by New York state, reflecting the weak performance of investment banking and the shift towards "deferrals" as …
Learn more about auto and auto part stocks that are seeing big gains in a strong upward trend.
The Nasdaq composite index briefly broke through 3,000 on Wednesday for the first time since the collapse in dot-com stocks more than a decade ago. Stocks ended lower, but it was still the best February on Wall Street in 14 years.
Swisher shares fall 5.4 percent; Charlotte stocks lose ground
Sector fluctuates but finishes lower on the day as Fed chairman does not indicate another round of quantitative easing, and the central bank indicates real estate and banking improvements.