Stock index futures trimmed gains and were well off their session highs on Tuesday after Freddie Mac, the No. 2 U.S. mortgage finance company, posted a wider third-quarter loss.
Oil rose on Monday on the weakening U.S. dollar and concerns over whether OPEC will ramp up production next month to ease supply worries.
U.S. crude traded 10 cents higher at $93.94 by 1:49 p.m. EST, after striking $95.15 earlier. London Brent crude rose 12 cents to $91.74.
Stocks slid on Monday as a brokerage downgrade of Citigroup Inc sparked a sell-off in financial services companies on concerns about credit losses and the housing slump. Goldman Sachs cut Citigroup to sell and said the bank may have to write off $15 billion over the next two quarters as mortgage losses reduce earnings.
Stocks fell on Monday as a downgrade of Citigroup, the No. 1 U.S. bank, fueled a sell-off in shares of financial services companies on renewed worry about mounting credit losses.
The yen strengthened on Monday, as investors' appetite for risk was dented by worries of more trouble in the global financial sector and consequent falls in equity markets.
World stock markets fell on Monday, with European shares slipping into losing territory for the year in another tremor over the credit crunch, while Japan's yen gained as investors cut back on their riskier holdings.
Stock futures fell on Monday after Goldman Sachs added Citigroup Inc to its sell list, citing prospects for more credit losses at the No. 1 U.S. bank.
Asian stocks made a cautious advance on Monday following a recovery on Wall Street, with gains for oil prices shoring up demand for energy shares.
NEW YORK, Nov 16 (Reuters) - U.S. stocks rose on Friday after a day of sharp price swings, helping the S&P 500 narrowly avert a third straight week of losses as bargain-hunting lifted the beaten-down technology sector while shares of oil companies advanced on buoyant crude prices.
U.S. stocks are likely to be volatile next week in trade thinned by the Thanksgiving holiday, with investors focused on an expanded look at the Federal Reserve's view of interest rates and the economy.
Package delivery company FedEx Corp cut its earnings forecast for the current quarter on Friday, citing higher fuel prices and weaker demand for ground shipments too small to fill a truck.
U.S. stocks on Friday fell for a third day following lowered earnings forecasts by Starbucks Corp and FedEx Corp.,making investors uneasy about the outlook for consumer spending.
Fears that the credit crisis could deepen rattled global stock investors on Friday and boosted demand for traditionally less risky assets.
The yen strengthened on Friday as jittery investors took cues from falling stock markets to continue a move out of relatively risky carry trades funded by cheap borrowing in the Japanese currency.
Stock index futures on Friday signaled a bounce-back after recent losses, while investor worries about weakening consumer spending and credit market losses could limit gains.
Chinese lunchtime television on Friday gave ordinary people a basic tip on how to play the currency markets: sell the dollar!
The dollar strengthened against the euro but fell against the yen on Thursday amid continuing fears in credit markets and falling stocks.
Stocks declined further in a skittish session on Thursday as investors fretted about the likelihood of more credit losses at big financial services companies. Caution also weighed on the market following an upsurge in volatility that has tended to rock stocks around the close of trading in recent days.
U.S. stocks fell on Thursday for a second day, led by a drop in financial shares amid news of further credit market problems, lower retail sales at J.C. Penney, and Wells Fargo's dour assessment of the housing market.
Stocks were set to open lower on Thursday after cautious outlooks from J.C. Penney Co. Inc. and Applied Materials Inc added to fears about the profit picture, while nervousness about the credit market persisted.
World stocks fell on Thursday while the dollar edged lower as a better-than-expected trading update by Barclays failed to wipe away broader credit concerns.
Asia is still about growth and investment strategies focused on this theme will continue to deliver robust returns for stock investors next year, JPMorgan said on Thursday.
The dollar fell on Wednesday on continued worries that a struggling U.S. housing sector and lingering credit problems could hurt the broader economy.
The dollar fell against most major currencies on Tuesday, resuming a long-term decline after a respite the previous session as investors expected further signs of housing weakness and sluggish consumer spending that could hurt U.S. economic growth.
U.S. stocks snapped a four-day losing streak on Tuesday with Nasdaq notching its biggest gain in more than four years after news that Apple Inc was in talks to offer iPhones in China sent investors bargain hunting among battered technology stocks. years after news that Apple Inc was in talks to offer iPhones in China sent investors bargain hunting among battered technology stocks.
Bank of America Corp, the second-largest U.S. bank, said on Tuesday it expects to write down $3 billion of debt in the fourth quarter as fallout from the nation's housing slump deepens.
Stocks, rebounding from a string of losses, rose 1 percent on Tuesday on higher-than-expected profit at Wal-Mart Stores Inc and oil prices below $93 a barrel.
Nervous investors sold stocks and generally deserted the dollar on Tuesday, still gripped by lingering worries over the global financial impact of the slumping U.S. housing market.
Stocks rose on Monday, rebounding from last week's heavy losses as investors hunted for bargains in financial services and other sectors.
World stocks hit 8-week lows while the yen raced to 18-month peaks versus the dollar on Monday as fears about credit-related losses at financial firms prompted investors to reduce bets on risky trades.
