USA TODAY reporter covering everything Wall Street: the stock market's maddening mood swings; pundits' bull and bear rants; and the people that move markets!

Stocks: Nasdaq, S&P 500 close at new records

usatoday.com — The Nasdaq composite looks to build on its gains Friday after hitting a new closing high in the previous session, 15 years after its last peak in March 2000. Ahead of the 9:30 a.m. ET opening bell, futures for the Nasdaq are up 0.7% Dow and S&P 500 futures are up slightly.

Aerie stock chart shows perils of pharma investing

americasmarkets.usatoday.com — Hot pharma stocks are hot until they are not. Exhibit 1 is Aerie Pharmaceuticals, which saw its shares tank 60% today after the clinical trial for an eye drop to treat glaucoma wasn't up to snuff. "One cautionary tale from the biotech bubble land," is the way Gary Kaltbaum of Kaltbaum Capital Management summed up the crash in shares of Aerie.

Odds of stock buyback rise after Comcast pulls plug on TWC deal

americasmarkets.usatoday.com — As expected, the nation's No. 1 cable operator Comcast has terminated its $45.2 deal to purchase rival and No. 2 cable operator Time Warner Cable after regulators and the U.S. government looked to block the deal on antitrust grounds. In a statement to the press released at 8:30 a.m.

15 years later, Nasdaq sets new record high

americasmarkets.usatoday.com — The Nasdaq composite is finally back to where it was 15 long years ago at the tippy-tippy top of the dot-com stock bubble. The tech- and biotech-fueled stock index closed at a new record high Thursday, finally wiping out all of the nearly 80% loss it suffered after the tech-stock crash in 2000.

Profit growth, still negative, inches up toward flatline

americasmarkets.usatoday.com — The profit recession many on Wall Street fear may still happen, but a spate of profit beats early in the first-quarter reporting season have trimmed the expected contraction to 1.5%.

Nasdaq briefly tops 2000 record close of 5048.62

americasmarkets.usatoday.com — Heading into today's trading the Nasdaq's magic number was 13.45. The stock index once known for its tech stocks like Microsoft and IBM, but more recently the home to some of the hottest and best-performing health care and biotech stocks on Wall Street, kicked off today's trading session within 13.45 points of its record closing high of 5048.62 that it notched on March 10, 2000, on the eve of the bursting of the dot-com stock bubble.

Dow downer: 3M profit miss drags down blue-chip gauge

americasmarkets.usatoday.com — The Dow Jones industrial average is starting the day in the red, dragged down by an earnings miss from Dow component 3M, which blamed a strong dollar for profit and sales weakness. Not long after the opening bell on Wall Street the blue-chip stock index was down 49 points, or 0.3%, to 17,989.

Comcast merger roadblock unplugs Time Warner Cable shares

americasmarkets.usatoday.com — Shares of Time Warner Cable took a dive in pre-market trading Thursday as regulators threaten the $45.2 billion marriage with Comcast amid growing antitrust concerns. Both the Department of Justice and now the Federal Communications Commission (FCC) have reservations about the merger, which would combine the No. 1 U.S.

Wall Street questions latest chapter in Flash Crash story

americasmarkets.usatoday.com — Authorities say a single U.K. trader also played a role in the stock market Flash Crash back in May 2010, but Wall Street is skeptical of the lone wolf "spoofing" theory.

Strong dollar weakens DuPont’s sales, revenues

americasmarkets.usatoday.com — Dow component DuPont topped first-quarter earnings forecasts but its sales fell 9%, dragged down by adverse currency impacts from a strong dollar. DuPont, which makes and sells seeds, chemicals and food ingredients around the globe, reported earnings per share of 1.34, which topped estimates by 3 cents.
More Articles →
Apr 20, 2015

#Dow up 250 points 20 minutes after Monday's open; it's almost like Friday's 280-point drop never happened.

Apr 20, 2015

Earnings to the "rescue" on #Wall Street. Corporate America walks over "lowered bar" americasmarkets.usatoday.com/2015/04/20/its…

Apr 20, 2015

Wall Street is singing Michael Jackson's tune 'Beat It' this earnings season. americasmarkets.usatoday.com/2015/04/20/wal…

Apr 20, 2015

Toy Story...#Hasbro sells a lot of toys and stock soars 12% on big-time earnings beat. americasmarkets.usatoday.com/2015/04/20/toy…

Apr 17, 2015

#earnings season: more than 3 out of 4 S&P 500 ompanies 'stepping' over lowered bar. GE cites Fx for nearly $1 billion hit to results

Apr 17, 2015

#Grexit back in the news. And no, not NHL's Gretzky as playoffs kick off. We're talking Greece and euro Grexit fears. americasmarkets.usatoday.com/2015/04/17/gre…

Apr 16, 2015

#rangers ... for Blueshirt fans on #Wall Street, this IS our year -- zook, brass, nasher and 'the king' a "winning trade"

Apr 16, 2015

Should have bought Netflix, up 16% today. The tip-off? My high school-age son spent lots of time Wed. watching movie(s) on streaming service

Apr 16, 2015

For those on the East Coast looking for beach getaways at NJ shore, inventory is low and bidding wars are the new enemy.

Apr 16, 2015

A not so itsy-bitsy gain for freshly-minted IPO Etsy today. Stock, which doubled earlier, is up 83%. Not a bad day's work if you can get it.

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