Tag Archives: percent

Wall Street led lower as banks extend losses (Reuters)

NEW YORK (Reuters) ? Stocks extended losses on Monday, with all three major indexes falling more than 1 percent. The Dow Jones industrial average (.DJI) was down 125.79 points, or 0.99 percent, at 12,534.67. The Standard & Poor’s 500 Index … Continue reading

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Apple’s earnings miss drags tech stocks lower (AP)

NEW YORK ? A rare earnings miss by Apple pulled down technology stocks Wednesday. Broad market indexes turned lower in late afternoon trading on reports of an impasse in talks to resolve Europe’s debt crisis. The leaders of Germany, France, … Continue reading

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World economy to keep strong but risks abound: Reuters poll (Reuters)

LONDON (Reuters) ? The world economy should expand steadily this year and next thanks mainly to prospering emerging powers, a Reuters poll showed, but fiscal troubles lurking in Europe and potentially the United States risk blowing this view apart. The … Continue reading

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Wall Street gains 1 percent on Bernanke comments (Reuters)

NEW YORK (Reuters) ? Wall Street stocks rose on Wednesday, snapping a three-day losing streak, after Federal Reserve Chairman Ben Bernanke suggested policymakers are actively considering further stimulus for the economy if it is needed. Major indexes rose more than … Continue reading

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Fixed mortgage rates fall toward 2011 lows (AP)

WASHINGTON ? Fixed mortgage rates fell this week, and the rate on the 15-year loan dropped to its lowest point of the year. The average rate on the 30-year loan decreased to 4.51 percent from 4.60 percent a week ago, … Continue reading

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Recession hits transit budgets despite rising need (AP)

BOSTON ? Cash-strapped and debt-ridden, public transit systems across the nation are trimming service, raising fares and postponing badly needed upgrades just to maintain daily operations, even as rising gas prices increase demand and experts call modernization critical to cities’ … Continue reading

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