Stock Market Faces Worst Quarter since 2011

Stock Market Faces Worst Quarter since 2011

As we reported a few months back, gains in healthcare and energy stocks helped drive the market up, but the three major indexes are facing their worst quarter since 2011. Volatile trading due to fears of slowing growth in China and uncertainty over interest rate hikes are causing problems for the market. Inflation remains below the U.S. Federal Reserve's 2% target and the labor market is still in need of improvement, meaning interest rates will likely not increase for the time being. 

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Video: As Stocks Slump, The Focus Turns to Fed Chief Yellen's Speech on Interest Rate Hike

Video: As Stocks Slump, The Focus Turns to Fed Chief Yellen's Speech on Interest Rate Hike

Wall Street continued to drop as many analysts await Fed Chief Janet Yellen's speech at the University of Massachusetts at 5pm EST today. The S&P 500 was down 1.3%, the Dow Jones Industrial Average fell 1.5%, and the Nasdaq slid 1.5%. 

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Here are Some Stocks to Own and to Avoid with Looming Interest Rate Hikes

Here are Some Stocks to Own and to Avoid with Looming Interest Rate Hikes

Goldman Sachs does not expect interest rates to increase until December, but it is preparing its clients for the first rise in almost a decade. Goldman identified companies that will be least affected by the rate increase, and those that will be more affected.

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Wall Street has Biggest Day in 4 Years Led by Silicon Valley Stalwarts

Wall Street has Biggest Day in 4 Years Led by Silicon Valley Stalwarts

Wall Street had its biggest one day gain in 4 years led by Silicon Valley stalwarts Google, Apple, and Amazon. This ended a six day losing streak. Experts see the gain as a sign that bargain hunters put China's slumping economy to side and believe the U.S. Federal Reserve will not raise interest rates next month.

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