Stocks sank on Thursday after a confidence-shaking downgrade of Citigroup by a brokerage that put the No. 1 U.S. bank's dividend in question and added to concern the mortgage crisis may claim more casualties. Adding to pressure, Exxon Mobil reported earnings that fell short of expectations.
World stocks dropped from earlier all-time highs on Thursday while the dollar rebounded from a record low after the Federal Reserve made a widely-expected U.S. interest rate cut and moderated expectations of further easing.
U.S. stocks rose on Wednesday after signs that the economy is showing strong growth and expectations that today’s Federal Reserve quarter-point cut for its benchmark interest rate will promote growth.
Stocks rose on Wednesday, fueled by investors' expectations the Federal Reserve will cut interest rates later on Wednesday and a stronger-than-expected performance by the economy in the third quarter.
The dollar rebounded from record lows against the euro and a major currency basket on Wednesday after advanced government estimates showed the U.S. economy in the third quarter grew at its fastest pace since the beginning of last year.
The dollar touched an all-time low against the euro on Wednesday, while Asian stock markets marked time as many investors sat on the sidelines ahead of a widely expected interest rate cut by the U.S. Federal Reserve.
Stock index futures were higher before Wall Street's opening on Wednesday in the run-up to the Federal Reserve's monetary policy announcement, the highlight of which is expected to be a cut in interest rates.
Asian stock markets were subdued on Wednesday while the dollar wallowed near a record low against the euro with investors reluctant to take big positions ahead of the U.S. Federal Reserve's decision on interest rates.
Stocks fell on Tuesday after a weak outlook from Procter & Gamble, disappointing earnings from U.S. Steel and a report showing consumer confidence at a two-year low fueled worries about the economy, consumer spending and corporate profits. Adding to the nervous atmosphere was some uncertainty about the outcome of Wednesday's Federal Reserve interest-rate decision, while a 3 percent pullback in oil prices hit energy stocks.
Stocks fell on Tuesday after disappointing quarterly results from Procter & Gamble and U.S. Steel hurt confidence in the earnings outlook, while a Wall Street Journal article raised doubt the Federal Reserve would lower interest rates this week.
The dollar traded little changed against the euro and a major currency basket on Tuesday, paring some of its earlier gains due to data showing U.S. consumer confidence fell to its lowest in two years.
The dollar edged up from the previous day's record lows versus a basket of major currencies on Tuesday as investors marginally trimmed expectations the Federal Reserve will cut rates this week.
Stock index futures fell on Tuesday after a Wall Street Journal article cast doubt on the chances for a Federal Reserve interest rate cut on Wednesday.
Asian stocks and oil prices retreated from their peaks on Tuesday and the dollar halted its slide as investors held their fire ahead of a U.S. Federal Reserve policy meeting, where an interest rate cut is widely expected. European stocks also looked set for a weaker start,
U.S. stocks rose on Monday ahead of Wednesday’s Federal Reserve meeting where policy makers are expected to make an a cut in interest rates.
The dollar gained on the euro after falling to record lows on Tuesday but expectations that the Federal Reserve may cut interest rates this week could lead to a fall once again.
Stocks rose on Monday as investors bet that the Federal Reserve will cut benchmark lending rates this week and that soaring commodity prices will boost profits of metal and energy producers.
Expectations of a U.S. interest rate cut this week boosted world stocks for a third straight session on Monday and sent the dollar to record lows, while surging energy and gold prices buoyed emerging markets.
The dollar recovered from lifetime lows against the euro and a major currency basket on Monday, helped by speculation the Federal Reserve will cut U.S. interest rates by only a quarter of a percentage point this week, rather than by half a point.
Stocks rose on Monday but the gains looked shaky as investors weighed whether equities still have room to move higher if the Federal Reserve cuts interest rates this week.
China has the world's largest commercial bank, its biggest aluminum maker, its No. 2 oil firm and its fourth-largest investment bank. It has five of the world's 10 biggest companies, versus three for the United States.
The dollar slid to a record low against a basket of major currencies on Monday, weighed down by expectations of a Federal Reserve interest rate cut this week and perhaps another move by the end of the year.
Wall Street expects a two-day Federal Reserve meeting this week to end with another cut in interest rates as financial firms struggle with losses tied to subprime mortgages and related securities.
Asian stocks rose to a fresh life high on Monday as investors bet there will be a U.S. interest rate cut this week, which sent the dollar to a record low against the euro and a basket of major currencies.
Soaring prices have not yet become an emergency, with officials allowing the free market to work.
Retail stocks jumped on Friday, with Family Dollar Stores, and Big Lots among the gainers.
U.S. stocks rose on Friday of optimistic profit forecasts from software giant Microsoft and mortgage lender Countrywide Financial.
In the weeks after Wall Street returned from the Labor Day holiday, the credit market picture appeared to brighten, with loans moving through the system and banks reporting numbers not nearly as bad as some feared.
As fallout from the summer credit crunch spreads, Wall Street faces more job cuts -- and smaller bonuses. Investment banks have announced thousands of jobs cuts as investors stopped snapping up risky corporate loans, mortgage securities and complex asset-backed securities.
Stocks rallied on Friday after Microsoft's upbeat outlook boosted the three major indexes and a profit forecast from lender Countrywide Financial buoyed the struggling financial sector. Stocks extended their gains as the weekend approached, in a sign investors are expecting the Federal Reserve to cut interest rates when it meets next week, analysts said.
