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44 million tried Apple Music in its first month

When do markets close for Labor Day?

Here's how to save on expensive textbooks

Has Robert Redford gotten it wrong on retirement?

What not to buy over Labor Day weekend

Labor Day traffic will be the U.S.’s worst since 2008

My father wanted to divide his estate, but my sister took it all
What to do when a parent dies and leaves no will
Money mistakes to avoid after a spouse’s death

speaks onstage during the 'The Late Show with Stephen Colbert' panel discussion at the CBS portion of the 2015 Summer TCA Tour at The Beverly Hilton Hotel on August 10, 2015 in Beverly Hills, California.  
What Colbert should ask Musk and Uber boss
Stephen Colbert’s ‘Late Show’: What to expect

Surf the 10 stories you shouldn’t have missed

Hey, Twitter, is Jack Dorsey your CEO or what?

Chicago clout woven through Navistar complaints

Green Giant faces uphill battle for millennial market

Chinese Navy ships in U.S. territorial waters
Watch China’s 90-minute parade in 60 seconds
See photos of China's massive military parade
China markets close for war anniversary

Donald Trump stumbles during interview on foreign policy
Trump stumbles in interview on foreign policy
Trump signs Republican loyalty pledge
Carson and Trump: Their policy differences
Trump as president: Bound to be GREAT!
Businessmen have done poorly as presidents
Also
Oops — Rick Perry says broken clock right once a day

Six actors who were almost cast as James Bond

Obscure trading strategy draws Wall Street’s ire

Technical-
vs.-
fundamental matchups put to test

Germany at fault in Europe’s refugee crisis
Immigration to Germany at highest since 1992
Chaos in Budapest as migrants rush trains
Father of drowned Syrian boy describes voyage

5 cars that look like a deal vs. Tesla’s Model X
Musk: Tesla Model 3 preorders begin in March
Tesla Model X ‘Signature’ runs at least $132,000
Best time to buy a new car may be at hand
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Markets »

127.27MDow Volume:
Avg Vol: 114.07M
Unchanged
226
Decliners
4346
Advancers
2013
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,102 -272 1.66%
Nasdaq
/quotes/zigman/12633936/realtime 4,684 -50 1.05%
S&P 500
/quotes/zigman/3870025/realtime 1,921 -30 1.53%
GlobalDow
/quotes/zigman/629063/realtime 2,282 -41 1.77%
Gold
/quotes/zigman/662444/delayed 1,122 -2 0.20%
Oil
/quotes/zigman/2331095/delayed 45.77 -0.98 2.10%
FTSE 100
/quotes/zigman/3173262/delayed 6,043 -151 2.44%
DAX
/quotes/zigman/2380246/delayed 10,038 -280 2.71%
CAC 40
/quotes/zigman/3173214/delayed 4,523 -131 2.81%
FTSE MIB
/quotes/zigman/1482176/delayed 21,473 -705 3.18%
IBEX 35
/quotes/zigman/2759620/delayed 9,822 -221 2.20%
Stoxx 600
/quotes/zigman/2380150/delayed 353 -9 2.52%
Asia Dow
/quotes/zigman/6959860/realtime 2,684 -29 1.06%
Nikkei 225
/quotes/zigman/5986735/delayed 17,792 -390 2.15%
Hang Seng
/quotes/zigman/2622475/delayed 20,841 -94 0.45%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,202 -563 2.18%
Singapore
/quotes/zigman/1709939/delayed 2,864 -43 1.47%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.26%
Yen
/quotes/zigman/16008150/realtime/sampled 119.01 -1.06 0.88%
Pound
/quotes/zigman/16008140/realtime/sampled 1.52 -0.01 0.58%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.69 -0.01 1.50%
DXY Index
/quotes/zigman/1652083/delayed 96.22 -0.18 0.19%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.96 +0.15 0.17%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.13 -0.03 1.47%
German 10y
/quotes/zigman/15866409/realtime 0.67 -0.05 7.51%
Italy 10yr
/quotes/zigman/15866497/realtime 1.88 -0.04 2.06%
Spain 10yr
/quotes/zigman/15866444/realtime 2.08 -0.03 1.41%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.72 -0.08 4.31%
Japan 10yr
/quotes/zigman/15866525/realtime 0.37 -0.03 6.87%
Crude Oil
/quotes/zigman/2331095/delayed 46 -1 2.10%
Gold
/quotes/zigman/662444/delayed 1,122 -2 0.20%
Corn
/quotes/zigman/7599553/delayed 363 +1 0.28%
DJIA F
/quotes/zigman/38649152/delayed 16,090 -258 1.58%
S&P F
/quotes/zigman/30356461/delayed 1,918 -28 1.44%
Silver
/quotes/zigman/3134148/delayed 15 0 1.07%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.26 0.11 0.12%
AAPL /quotes/zigman/68270/composite 109.27 -1.10 -1.00%
GOOG /quotes/zigman/30194416/composite 600.70 -5.55 -0.92%
BAC /quotes/zigman/190927/composite 15.65 -0.29 -1.82%
C /quotes/zigman/5065548/composite 50.59 -1.20 -2.32%
F /quotes/zigman/264304/composite 13.56 -0.28 -2.02%
T /quotes/zigman/398198/composite 32.56 -0.48 -1.45%
BP /quotes/zigman/247026/composite 30.70 -1.71 -5.28%
GE /quotes/zigman/227468/composite 24.00 -0.51 -2.08%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.4%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
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Pay Dirt
A daily look at what we buy, how we spend, and the companies that do right - and wrong - by their customers.

Dear Broker: Where Do I Go From Here?

iStockphoto

On a morning when markets seemed destined for tumult yet again, Pay Dirt called eight of the biggest brokerages to see whether they could assuage our concerns. We clocked their response time, asked them a series of questions, including “why is the market falling so quickly?” and “should I go to cash?” Then we checked out their web sites for additional help. Here’s how they stacked up:

1 E-Trade Response time: 10 seconds. The E-Trade rep said he would prefer to give advice based on an individual’s account, considering that investor style differs. “It’s better for everybody if the market goes up certainly,” he said. “I like to remain bullish at all times.” For investors who aren’t logged in, the E-Trade home page appears to be more of a window display for their accounts and products than a place to get information. However, there are real-time stock charts and news feed from several third-party sources, free webcasts and an online portfolio advisor. Spokeswoman Susan Hickey said customer service typically works with prospective clients “to help assess his/her current financial situation and define goals to establish a plan.”

2 TradeKing Response time: 16 seconds. TradeKing wouldn’t give any specific advice, but said, “We do have an online community where users can share opinions and information.”  They include traders, bloggers and investors. It also has an online “education center” with market commentary, videos and web seminars. TradeKing spokeswoman Sue Parente said the average hold time is 15 seconds. “TradeKing does not provide investment advice,” she said, “however it does provide an education center to learn about investing.”

3 Vanguard Response time: 25 seconds. The customer service rep told us that investment decisions depend on a person’s risk tolerance and highlighted the need for a diversified portfolio. “Individual bonds or bond mutual funds tend are less volatile,” he said. For un-logged in visitors, the site also offers some commentary on current market events and news (currently: What a potential Greek default means to you  and how labor costs in emerging markets will have a modest impact on U.S. consumer prices.) Spokesman John S. Woerth said the pick-up time is “modestly” shorter than 25 seconds.

4 Scottrade Response time: 28 seconds. The rep at Scottrade said the market is spooked by European debt worries and suggested “traditional investments like gold and defense companies” would be less risky. Then he recommended speaking to a registered investment advisor. The site offers market data on its home page and investing tips via its Knowledge Center, plus “news and commentary” to both account holders and non-account holders. Spokeswoman Carrie Hibbs said pick-up times rarely go beyond 30 seconds.

5 Fidelity Response time: 31 seconds. The Fidelity rep tried to talk us out of going into cash. “You’re going to miss out on the upswing,” he said. “At this point it’s a waiting game.” He blamed the Greek debt crisis and uncertain U.S. economy for the market volatility. For a more detailed picture, the Fidelity.com home page offers a real-time news feed and market data, along with broader personal finance stories (full disclosure: Some of those come from Dow Jones publications, including SmartMoney and the Wall Street Journal). The company did not respond to a request for comment.

6 Merrill Edge Response time: 35 seconds. Buy, the rep told us: “When there market is this volatile there are a lot of opportunities.” He said there were some defense stocks that could weather the storm, but declined to make any public recommendations. The site provides a daily market commentary and online chat services, and reports from Bank of America/Merrill Lynch Global Research 800 analysts for clients who are logged on and frequently asked questions on the European debt crisis. Spokesman Donald Vecchiarello says a 35-second pick-up time is typical for the company.

7 TD Ameritrade Response time: 40 seconds, plus a follow-up phone call and email. Unlike other firms that pinned the blame on overseas woes, the TD Ameritrade rep placed the market slide firmly on this side of the Atlantic. “The main reason is the general economic uncertainty with the lack of jobs being created,” he said. “Some businesses are making money, but many are questioning whether this is sustainable because of the lack of jobs.” Like most sites, it has online chat service for clients and news from MarketWatch.com and reprints of articles from Barron’s,  both of which are part of the WSJ.com Digital Network. Spokeswoman Christina Goethe said 40 seconds is longer than usual and said the average pick-up time Monday was 6 seconds.

8 Charles Schwab Response time: 1 minute. The rep said brokers are no oracles: “Unfortunately, we don’t ever really know what’s going to happen in the market.” But he warned against moving into cash: “Definitely going to cash is reacting on emotion.” Spokesman Michael Cianfrocca says the usual pick-up time is around 20 seconds. “These answers are a good representation of what we are telling people,” he said, “focusing on diversification and having a long term plan.” The site has a daily market update under its “Research and Ideas” tab on the home page and an extensive “advice and retirement” section.

Pay Dirt readers, how does this tally with your experiences?

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 11)

View all Comments »
    • You realized you called online discount brokers and asked them for recommendations, which they couldn’t give since they are not investment advisers. Bill H said it best, the analogy is calling mechanics and asking about gas prices. Every client is different and every investor has different goals, time frames, liquidity needs, etc. I’m sure the reporter who called, pretended to be a very wealthy client considering transferring his account over. Whoever gave authorization for this report should be fired immediately, due to false and misleading information they gave the brokers and service reps over the phone. Reporters have to state that they are media/journalists, and not lie to customer service representatives in an attempt to get information which the reps are not authorized to give.

    • use a dictionary it’s aywlas helpful to see that words are used properly. Nothing is more offensive to a literate person than word abuse. Ethnography is the study of mankind: the division of races, origin, distribution, relationships and peculiarities: ethnology.the word more appropriate to marketing is demographics which is the statistical study of populations as in married, single, age, race, etc. Demographics are used for marketing products to identify which product is used by which particular group of people.Ethnology or ethnography is the study of the origins and culture of a particular people such as the Aztecs or Vikings.the article is discussing the use of demographic data not ethnology. Get a dictionary and learn to use it. Then get an editor or proofreader because from other columns it is evident that you do not understand English grammar, syntax or spelling. You do not distinguish between and a coordinate conjunction and an the article. I have an apple and a knife.Subj verb transitive article Noun coordinate conjunction article- Noun.

    • Great PR’s to the above guys and girls. That rocks (and tells me I need to start deadlifting more). The rnnmiog crew had a few PR’s as well:Theodore 435Thomas 385Chad 405Jarrod 305 (first time deadlifting!!!)

    • The truth is that anyone who reads Barrons regularly can get a better feel to the market than most stockbrokers. Never depend upon anyone with your money.

    • Liked this exercise. Very interesting to here a variety of replies from the different reps across different companies. You should try it again when the market hits a big upswing or a big slide. Since each answer within a 1 minute, I don’t think the response times are all that big a deal…shows that all of them did a pretty solid job.

About Pay Dirt

  • Pay Dirt examines the millions of consumer decisions Americans make every day: What to buy, how much to pay, whether to rave or complain. Lead written by Quentin Fottrell, the blog examines these interactions, providing readers with news, insight and tips on shopping, spending, customer service, and companies that do right – and wrong – by their customers. Send items, questions and comments to quentin.fottrell@dowjones.com or tweet @SMPayDirt.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert
need to know
Teco Energy jumps after Emera buyout offer
‘Transporter’ takes on ‘Straight Outta Compton’
U.S. details ‘flash crash’ case vs. U.K. trader
$46 million asking-price cut for megamansion
44 million tried Apple Music in its first month

When do markets close for Labor Day?

Here's how to save on expensive textbooks

Has Robert Redford gotten it wrong on retirement?

What not to buy over Labor Day weekend

Labor Day traffic will be the U.S.’s worst since 2008

My father wanted to divide his estate, but my sister took it all
What to do when a parent dies and leaves no will
Money mistakes to avoid after a spouse’s death

speaks onstage during the 'The Late Show with Stephen Colbert' panel discussion at the CBS portion of the 2015 Summer TCA Tour at The Beverly Hilton Hotel on August 10, 2015 in Beverly Hills, California.  
What Colbert should ask Musk and Uber boss
Stephen Colbert’s ‘Late Show’: What to expect

Surf the 10 stories you shouldn’t have missed

Hey, Twitter, is Jack Dorsey your CEO or what?

Chicago clout woven through Navistar complaints

Green Giant faces uphill battle for millennial market

Chinese Navy ships in U.S. territorial waters
Watch China’s 90-minute parade in 60 seconds
See photos of China's massive military parade
China markets close for war anniversary

Donald Trump stumbles during interview on foreign policy
Trump stumbles in interview on foreign policy
Trump signs Republican loyalty pledge
Carson and Trump: Their policy differences
Trump as president: Bound to be GREAT!
Businessmen have done poorly as presidents
Also
Oops — Rick Perry says broken clock right once a day

Six actors who were almost cast as James Bond

Obscure trading strategy draws Wall Street’s ire

Technical-
vs.-
fundamental matchups put to test

Germany at fault in Europe’s refugee crisis
Immigration to Germany at highest since 1992
Chaos in Budapest as migrants rush trains
Father of drowned Syrian boy describes voyage

5 cars that look like a deal vs. Tesla’s Model X
Musk: Tesla Model 3 preorders begin in March
Tesla Model X ‘Signature’ runs at least $132,000
Best time to buy a new car may be at hand
/conga/frontpage.html 354239

Markets »

127.27MDow Volume:
Avg Vol: 114.07M
Unchanged
226
Decliners
4346
Advancers
2013
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,102 -272 1.66%
Nasdaq
/quotes/zigman/12633936/realtime 4,684 -50 1.05%
S&P 500
/quotes/zigman/3870025/realtime 1,921 -30 1.53%
GlobalDow
/quotes/zigman/629063/realtime 2,282 -41 1.77%
Gold
/quotes/zigman/662444/delayed 1,122 -2 0.20%
Oil
/quotes/zigman/2331095/delayed 45.77 -0.98 2.10%
FTSE 100
/quotes/zigman/3173262/delayed 6,043 -151 2.44%
DAX
/quotes/zigman/2380246/delayed 10,038 -280 2.71%
CAC 40
/quotes/zigman/3173214/delayed 4,523 -131 2.81%
FTSE MIB
/quotes/zigman/1482176/delayed 21,473 -705 3.18%
IBEX 35
/quotes/zigman/2759620/delayed 9,822 -221 2.20%
Stoxx 600
/quotes/zigman/2380150/delayed 353 -9 2.52%
Asia Dow
/quotes/zigman/6959860/realtime 2,684 -29 1.06%
Nikkei 225
/quotes/zigman/5986735/delayed 17,792 -390 2.15%
Hang Seng
/quotes/zigman/2622475/delayed 20,841 -94 0.45%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,202 -563 2.18%
Singapore
/quotes/zigman/1709939/delayed 2,864 -43 1.47%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.26%
Yen
/quotes/zigman/16008150/realtime/sampled 119.01 -1.06 0.88%
Pound
/quotes/zigman/16008140/realtime/sampled 1.52 -0.01 0.58%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.69 -0.01 1.50%
DXY Index
/quotes/zigman/1652083/delayed 96.22 -0.18 0.19%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.96 +0.15 0.17%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.13 -0.03 1.47%
German 10y
/quotes/zigman/15866409/realtime 0.67 -0.05 7.51%
Italy 10yr
/quotes/zigman/15866497/realtime 1.88 -0.04 2.06%
Spain 10yr
/quotes/zigman/15866444/realtime 2.08 -0.03 1.41%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.72 -0.08 4.31%
Japan 10yr
/quotes/zigman/15866525/realtime 0.37 -0.03 6.87%
Crude Oil
/quotes/zigman/2331095/delayed 46 -1 2.10%
Gold
/quotes/zigman/662444/delayed 1,122 -2 0.20%
Corn
/quotes/zigman/7599553/delayed 363 +1 0.28%
DJIA F
/quotes/zigman/38649152/delayed 16,090 -258 1.58%
S&P F
/quotes/zigman/30356461/delayed 1,918 -28 1.44%
Silver
/quotes/zigman/3134148/delayed 15 0 1.07%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.26 0.11 0.12%
AAPL /quotes/zigman/68270/composite 109.27 -1.10 -1.00%
GOOG /quotes/zigman/30194416/composite 600.70 -5.55 -0.92%
BAC /quotes/zigman/190927/composite 15.65 -0.29 -1.82%
C /quotes/zigman/5065548/composite 50.59 -1.20 -2.32%
F /quotes/zigman/264304/composite 13.56 -0.28 -2.02%
T /quotes/zigman/398198/composite 32.56 -0.48 -1.45%
BP /quotes/zigman/247026/composite 30.70 -1.71 -5.28%
GE /quotes/zigman/227468/composite 24.00 -0.51 -2.08%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.4%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/67758/composite AKRX-0.21%
  • /quotes/zigman/90651/composite ISRG-1.04%
  • /quotes/zigman/258030/composite KKD+0.98%
  • /quotes/zigman/110324/composite AGNC-1.09%
  • /quotes/zigman/225206/composite RSG-1.57%
X
Powered by StockTwits
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As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

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  • Personalized news and quote email alerts
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  • Free WSJ.com registration

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