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Nearly 95% of top-performing equity mutual funds failed to replicate their success over a two-year period. Over five years, not a single one was able to do so, a new study shows.
Major U.S. indexes slipped Thursday, as weakening U.S. government bond prices weighed on yield-sensitive sectors such as real-estate companies and utilities.
IBM Corp. achieved its first quarter of revenue growth in five years thanks mostly to a huge boon in its system business and the new mainframe.
The S&P 500 declined 0.2% to 2798.03 today, while the Dow Jones Industrial Average dropped 97.84 points, or 0.4%, to 26,017.81. As I noted earlier, it sure felt like investor attention was elsewhere, like on the U.S. Treasury market, where the 10-year yield has been slowly pushing higher. Investor also swarmed into Treasury inflation protected securities, or TIPS, anticipating inflation that hasn't shown up just yet.
On a day the indexes pulled back from recent record highs, Wyndham announced it is buying La Quinta, and Alcoa reported disappointing profits.
International Business Machines Corp. shares shed gains it had built up over the week in the extended session Thursday after the computer giant modestly topped Wall Street estimates for the quarter and ...
Wall Street fell on Thursday as losses in industrials and interest-rate sensitive sectors offset marginal gains in tech stocks. "We'll continue to see a tug-of-war between how fast the economy grows and how fast interest rates rise," said Kate Warne, investment strategist at Edward Jones in St. Louis. The Dow Jones Industrial Average fell 97.84 points, or 0.37 percent, to 26,017.81, the S&P 500 lost 4.53 points, or 0.16 percent, to 2,798.03 and the Nasdaq Composite dropped 2.23 points, or 0.03 percent, to 7,296.05.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action.