Archive for March 28th, 2012

U.S. stocks fall sharply as investors dump energy and other stocks closely tied to global growth, after a disappointing report on durable-goods orders and as quarter-end moves add an additional layer of volatility.

Stocks eased off their worst levels but still finished lower Wednesday, led by materials and energy, amid worries over weakness overseas.

The software maker’s shares reported quarterly results that outstripped Wall Street’s projections, prompting a climb in its shares Wednesday evening

U.S. stocks dropped about 0.5% Wednesday, in part dragged down by the energy sector and oil prices.

U.S. stocks ended broadly lower Wednesday, weighed by a report on long-lasting orders that fell short of expectations, quarter-end profit taking and some lingering worries about global growth.

Google shares got a boost Wednesday from Citigroup analyst Mark Mahaney, who repeated his Buy rating on the shares while lifting his target price to $750, from $680. "GOOG shares are flat year-to-date, materially underperforming the S&P 500," he points out in a research note. "A series of overhangs related to [...]

Sentiment turns sour.

Bearish pressures prevailed on Wednesday as major equity indexes on Wall Street fell victim to profit taking after a less-than-stellar durable goods data release. The Dow Jones Industrial Average led the …

U.S. stocks fall sharply as investors dump energy and other stocks closely tied to global growth, after a disappointing report on durable-goods orders and as quarter-end moves add an additional layer of volatility.

Stocks fell into negative territory today, led by materials and energy shares. On the economic front, durable good orders rose 2.2 percent, according to the Commerce Department.  That increase was less than economists expected but still an improvement over a sharp drop in January.  Meanwhile, the Mortgage Bankers Association is reporting [...]