November 21, 2015 |
NEW YORK - The stock market closed out its best week of the year Friday, as big gains by retailers and technology companies pushed major indexes upward. Stocks faded as Friday wore on, but still finished higher. The S&P 500 index climbed almost 3.3 percent this week. By just a hair, that was its biggest weekly gain in 2015. Stocks climbed Monday and Wednesday as the U.S. market did not seem to be affected by a string of unsettling international events, including last week's terrorist attack in Paris.
August 27, 2015
A NEWSCASTER broke into the regularly scheduled program with breaking news: The Dow Jones industrial average was down more than 1,000 points. The network began showing frenzied people on the floor of the New York Stock Exchange. As each image flashed across the screen, I became more fearful. Despite a parade of experts brought on to tell me that I shouldn't panic, my pressure began to rise. So I raced to talk to my husband in the next room. "Honey, have you seen the news?" I screeched.
July 10, 2015 |
Since June 12, the Shanghai Composite Index, the leading Chinese benchmark for stocks, has lost a third of its value, including a 6 percent drop Wednesday that shook global markets. "The number of people involved in the decline may total in the tens of millions. Some of them probably lost their life savings," said stock market scholar Jeremy Siegel, a finance professor at the University of Pennsylvania's Wharton School. "It's very much like a market in a bubble. " China's stocks are back to the levels of last spring, so many longtime investors are not feeling absolute pain yet, Siegel added.
April 13, 2015 |
"I suppose you're the enemy," John C. Bogle, founder of Malvern-based Vanguard Group and that rare creature, an investment celebrity, told the crowd of bargain-hunting stock-pickers in an ornate ballroom in New York's Plaza Hotel. Bogle was onstage for a "Great Debate" vs. his host, Jim Grant, Federal Reserve-bashing, gold-loving publisher of Grant's Interest Rate Observer , a contrarian investors' bible. The two squared off over Bogle's once-radical, now-mainstream proposition that even professional securities pickers can't beat market indexes like Standard & Poor's list of the 500 major U.S. stocks.
March 19, 2015 |
American Airlines, Philadelphia's largest air carrier after merging with US Airways, will join the Standard & Poor's 500 stock index after the stock market closes on Friday. American will replace Allergan Inc., which is being acquired by Actavis P.L.C. in a $66 billion deal. Shares of American opened Tuesday at $52.64, up 5 percent from the closing price Monday. The stock rose 5.9 percent to $53.19 in mid-morning trading. American joins other U.S. airlines, Delta and Southwest, on the S&P 500 which is seen by some money managers and pension plan administrators as a reflection of the overall performance of the stock market.
December 16, 2014 |
Stock market corrections usually occur in anticipation of recessions, says one local money manager and investment strategist. We're not there yet, but the present U.S. economy is entering middle age. America's economic expansions "last longer than in the past, now stretching out five to eight years," said Glenmede's president and chief investment officer, Gordon Fowler. "The unemployment rate has dropped, but it's not at a level where you begin to worry. What that tells us is the U.S. economy is still growing, earnings can continue to grow, and hence the stock market can grow," Fowler added.
December 9, 2014 |
The problem is not having too much of a good thing. It's knowing what to do with it. Cranberry growers have had abundant harvests over the last few years, flooding the market with fruit now finding its way into new products and markets. Nationally, they produced 8.5 million 100-pound barrels of cranberries this year, compared to 6.8 million in 2010, according to the U.S. Department of Agriculture. The 700 cranberry and grapefruit growers in the big Ocean Spray agricultural cooperative in New Jersey and other states as well as Canada and Chile turned out 7 million barrels, a steep rise over the 4.9 million in 2010.
October 28, 2014 |
Sunoco and its iconic ticker symbol SUN reappeared Monday on the New York Stock Exchange after a two-year absence. This time it comes with a Texas accent. Sunoco L.P. is the new name adopted by Susser Petroleum Partners L.P., a Texas company acquired recently by Sunoco's parent, Energy Transfer Partners L.P. The new incarnation of Sunoco will become the repository for ETP's growing fuel-distribution system and far-flung portfolio of convenience stores. "We are proud to reintroduce the SUN ticker symbol, which traded on the New York Stock Exchange for almost 87 years until the sale of Sunoco Inc. in 2012 to our parent company, Energy Transfer Partners L.P.," said Bob Owens, Sunoco L.P. chief executive.
September 16, 2014 |
Vanguard Group founder John Bogle earlier this month joined Philadelphia City Controller Alan Butkovitz , other elected officials, and a million online petitioners in urging Securities and Exchange Commission chair Mary Jo White to wake up and reinstate a proposal to "require all publicly traded companies to disclose political spending information to their shareholders" and the public, as Butkovitz put it. The controller has put...
September 16, 2014 |
If you are unhappy with fees charged by active money managers, stop paying them. Low-cost index funds track the stock market, say Mitch Tuchman and Charley Ellis at ReBalance IRA. "There hasn't been a five-year period in over six decades when a 50-50 stock-and-bond portfolio has not shown a positive return," said Tuchman, of Palo Alto, Calif. "If you own markets through indexing, your portfolio always recovers in a correction. There is a way to really win at this game - by playing not to lose.