Stocks fell on Thursday, hit by losses in financial companies after Bank of America Corp reported a sharp drop in earnings, stoking concern the credit crunch was dragging on profits and the economy.
Stocks fell on Thursday as shares of financial services companies slid on concerns about the lingering effects of the credit crunch following Bank of America Corp's disappointing quarterly results. The No. 2 U.S. bank said profit plummeted 32 percent, dragging down shares of other big banks and renewing worries about the financial sector's outlook.
Russian President Vladimir Putin criticized the U.S.-led war in Iraq on Thursday, saying that experience showed the need for resource-rich countries like Russia to build up their armed forces to defend themselves.
Technology stocks rose on Wednesday as investors took heart from solid corporate earnings and shrugged off fresh evidence of a dismal housing sector, which renewed speculation the Fed will cut interest rates.
Stock futures rose on Wednesday as a rush of stronger-than-expected profits from such blue chips as Intel, United Technologies and JPMorgan Chase reassured investors about the earnings outlook.
Stocks fell on Tuesday as high oil prices raised concern about the impact of oil prices on the economy's outlook and disappointing bank earnings fueled caution about profit growth.
U.S. stocks fell on Monday, led lower by the financial services sector after Citigroup Inc offered a gloomier outlook and worries resurfaced about the stability of the buyout market.
Prime Minister Tayyip Erdogan said on Friday relations between Turkey and the United States are in danger over a resolution branding as genocide massacres of Armenians by Ottoman Turks during World War One.
Stocks rose on Friday, led by technology shares after a surprise takeover proposal in the software sector, data pointing to strength in consumer spending and a brighter outlook from McDonald's Corp.
Stock futures fell on Friday, weighed down by caution before key economic reports and news that Deutsche Bank had slashed its rating on shares of Dow component Citigroup Inc.
U.S. stocks fell on Thursday, led by a retreat in the technology heavy Nasdaq index after a report on Chinese search engine Baidu.com (NASDAQ: BIDU) predicted lower revenue for the firm, triggering a broader sell off in the Tech sector.
The U.S. trade gap shrank in August on record exports and claims for jobless benefits fell last week, according to government data on Thursday that showed the economy retaining some vigor despite housing market ills.
Stocks declined on Thursday, led by losses in the Nasdaq as investors took profits after recent sharp gains.
U.S. farm officials pressed South Korea at talks in Seoul on Thursday to open its market fully to American beef and resolve a long-standing dispute between the two nations that has also threatened a separate free-trade deal.
It wants to examine restrictions on the sale of U.S. films, music, books, magazines and newspapers in China for an upcoming meeting
The Dow Jones Industrial Average and Standard & Poor's 500 indexes fell on Wednesday after setting new highs a day earlier as the latest earnings report season kicked off with lower profit expectations and news from blue-chip companies raising concern among investors.
The United States urged Brazil on Wednesday to use its influence with developing nations to ensure that the long-running Doha round of global trade talks do not end in a stalemate.
Stocks fell on Wednesday as investors worried about the outlook for profits after Alcoa Inc's earnings missed estimates and Chevron Corp joined companies issuing profit warnings.
U.S. economists have chopped their forecasts for 2008 economic growth for a third straight month, saying the housing slump will be deeper and last longer than earlier expected, a survey released on Wednesday showed.
Stock futures dropped on Wednesday as investors turned cautious about the outlook for profits after Alcoa Inc's earnings missed estimates and International Paper Co. issued a profit warning.
A senior U.S. official said China's policies could give domestic firms an unfair advantage and spell a retreat from open markets.
The Dow and S&P 500 jumped to close at records on Tuesday after minutes from the Federal Reserve's last meeting showed inflation expectations were contained, leaving open the question of whether another rate cut is near.
