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Market Wrap for Tuesday, May 14: Stocks Rally to New Highs

The U.S. stock market notched another rally on Tuesday as momentum pushed the major averages to new year-to-date highs. Money flowed out of bonds and into equities as risk appetite remains brisk on Wall Street.After recording a 1 percent gain on the session, the S&P 500 is up almost 16 percent on the year. The Dow Jones Industrial Average rose triple digits while the Nasdaq lagged on the day despite recording a strong gain.Major AveragesThe Dow Jones Industrial Average rose a little less than 124 points, or 0.82 percent, to 15,215.The S&P 500 climbed almost 17 points, or 1.01 percent, to finish at 1,650.The Nasdaq Composite added roughly 24 points, or 0.69 percent, to 3,463.CommoditiesDespite strong risk appetite in the equity market on Tuesday, prices for crude oil fell on the session. Heading into the closing bell, NYMEX crude futures were trading down around 1 percent to $94.17. Brent contracts were last down around 0.22 percent to $102.59. Natural gas prices rose on the day, notchi...

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  1. Wall Street set to open higher after Alcoa's positive results

    Wall Street was poised to open slightly higher on Wednesday after Alcoa got the earnings season under way with better-than-expected revenue and an encouraging outloo...

  2. Stock futures rise after Alcoa starts earnings season

    Stock index futures rose modestly on Wednesday as Alcoa got the earnings season under way with better-than-expected revenue.Alcoa Inc also gave a positive outlook fo...

  3. MARKET SNAPSHOT: Did Cliff Hit Profits? These Stocks May Tell

    Investors will once again focus on the fundamentals of corporate earnings in the coming week following months of fixating on Washington politics.Stocks staged a reli...

  4. WEEK AHEAD: Wells Fargo, Alcoa Reporting 4th-Quarter Results

    A handful of big names will come out with their latest earnings results next week, as fourth-quarter reports start to slowly trickle in. Also, following Friday's job...

  5. Companies sharpen job-cutting shears as sales slow

    Faced with weakening revenue, two of the largest U.S. companies warned on Tuesday that they would cut jobs to protect profits.DuPont Co said it planned to lay off ab...

  6. U.S. companies sharpen job-cutting shears as sales slow

    Faced with weakening revenue, two of the largest U.S. companies warned on Tuesday that they would cut jobs as a way of protecting their profits.DuPont Co said it pla...

  7. Global Slowdown Threatens More Layoffs

    Layoffs announced Tuesday by two large U.S.-based multinational corporations could be a harbinger of things to come unless global demand picks up and the flagging do...

  8. Companies Sharpen Job-Cutting Axe

    Faced with weakening revenue, two big companies warned on Tuesday that they would cut jobs as a way of protecting their profits.DuPont Co said it planned to lay off ...

  9. S&P 500 gets housing lift, but IBM reins in the Dow

    The S&P 500 rose for the third consecutive day on Wednesday after housing starts hit a four-year high, but the Dow was weighed down by IBM after it posted weak reven...

  10. Housing lifts S&P 500, but IBM reins in the Dow

    The S&P 500 rose for the third consecutive day on Wednesday after housing starts hit a four-year high, but the Dow was weighed down by IBM after it posted weak reven...

  11. US STOCKS-S&P 500 rises on housing, but IBM, Intel drag on Dow

    The S&P 500 rose on Wednesday, heading for its third straight day of gains, as U.S. housing starts hit a four-year high, but weak results from tech bellwethers weigh...

  12. Wall Street edges higher, but tech weighs

    The S&P 500 edged higher for its third straight day of gains on Wednesday, lifted by signs of strength in the housing market, but gains were limited by weak tech com...

  1. Market Wrap for Monday, March 25: Stocks Fall Despite Cyprus Deal

    The U.S. stock market opened higher on Monday morning, after EU policymakers reached a bailout deal for Cyprus, which has been beset by a banking crisis.The optimism...

  2. Apollo's 2Q Net Tumbles 79%, Tops Views

    For-profit education company Apollo Group (NASDAQ:APOL) revealed a 79% plunge in fiscal second-quarter profits on Monday amid slumping enrollment, but the results fr...

  3. Market Wrap for Tuesday, March 5: Stocks Rally as Dow Closes at New All-Time High

    The U.S. stock market rallied on Tuesday, sending the Dow Jones Industrial Average out at a new all-time high. Sentiment benefited from a better than expected ISM Se...

  4. First Solar Rumor Boosts 2 ETFs

    Rumors that First Solar (NASDAQ:FSLR), the largest U.S. solar firm, is once again a takeover target have been predictably good for that stock as the shares are up 5....

  5. MARKET SNAPSHOT: U.S. Stock Indexes Rise After Two-day Slide

    U.S. stocks climbed modestly on Wednesday after a two-day drop as Alcoa Inc. raised its outlook, citing expectations of increased global demand for aluminum."We star...

  6. Market Wrap for Wednesday, January 9: Stocks Record Moderate Gains

    Volatility remains low on Wall Street after the fiscal cliff saga was resolved at the beginning of the year. The long-term uptrend for equities remains intact and in...

  7. Wall Street rises as Alcoa gives lift to earnings season

    Wall Street rose on Wednesday after Alcoa got the earnings season under way with better-than-expected revenue and an encouraging outlook for the year.Alcoa Inc said ...

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