Wall Street

Wall Street Edges Lower as Banks Lose Steam

U.S. stocks edged lower on Friday after a payrolls report did little to alter expectations for an interest rate hike from the Federal Reserve this month and bank stocks cooled for a second straight session.

Pimco Reaches SEC Settlement

Pacific Investment Management Co. and a top U.S. regulator have settled claims the bond manager mismarked securities in a fund formerly managed by famed investor Bill Gross, people familiar with the matter said.

Dow Closes at Another Record High

A sharp decline in technology stocks pulled both the Nasdaq and the S&P 500 indexes into the red on Thursday, while the Dow managed to notch a record closing high with a lift from bank and energy shares.

Tech Stocks Weigh on S&P, Nasdaq

Losses in technology stocks dragged down the Nasdaq and the S&P 500 on Thursday, while gains in bank and energy shares propped up the Dow.

The November Wall Street Never Saw Coming

It's been a wild month for Wall Street as unexpected events like Donald Trump's election, a sudden bond selloff, and higher odds of a Federal Reserve rate hike, have forced investors to reconsider their positions.

Ackman's Fund Asks for Exemption After Campaign Donation

Pershing Square Capital Management, the hedge fund firm run by billionaire William Ackman, is asking the U.S. government that it be exempted from possibly having to return millions of dollars' worth of fees to a state pension fund after a former employee donated $500 to a family friend's political campaign.

S&P Dips with Health Care Shares, Dow Edges Up

The S&P 500 inched lower on Wednesday afternoon, hurt by declines in Eli Lilly and other healthcare shares, while the Dow edged higher along with industrial stocks in light trading ahead of a U.S. holiday.