The dollar dropped to a record low against a basket of currencies and the euro on Thursday after Bank of America's third-quarter earnings results missed estimates and renewed concerns of a U.S. economic slowdown.
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.
The dollar hit a two-week low against the yen on Thursday in the wake of data showing U.S. housing starts sank to a 14-year low last month, cranking up speculation that the Federal Reserve may cut interest rates.
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.
Intel Corp shares rose 4.3 percent on Wednesday as its better-than-expected quarterly report helped boost other microchip shares, even as fellow technology heavyweight International Business Machines Corp posted lower hardware sales.
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.
The yen retreated from early gains on Wednesday and higher yielding currencies recovered as rising stocks signaled a slight return to risk appetite, prompting investors to move back into the carry trade.
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.
The yen rallied from the previous day's two-month lows versus the euro and dollar on Tuesday, while the New Zealand dollar fell sharply as a sell-off in European equities underlined a diminished appetite for risk.
Poor corporate earnings and renewed worries about credit rattled investors on Tuesday, while record high oil prices threatened to add pressure to world growth.
Retail stocks fell on Monday, outpacing losses in the broader market, with Big Lots leading decliners.
Major stock indexes fell on Monday amid lingering worries that problems plaguing the credit markets have not been eliminated yet.
The dollar eased against the yen and euro on Monday, weighed down by weakness in the U.S. stock market after comments by a top Citigroup official raised anew concerns about global credit.
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.
World stocks hovered slightly off their record highs on Monday and the dollar firmed as investors gained confidence in the health of the U.S. economy and paid little heed to oil prices near $84 a barrel.
Asian stocks pared early gains on Monday, pausing after their recent rally, while the dollar held firm as strong U.S. retail sales data prompted investors to trim bets of further U.S. interest rate cut.
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.
Stocks sank on Thursday, led by a drop of more than 1 percent in the Nasdaq, as a downbeat brokerage comment on Chinese Internet company Baidu.com Inc. unnerved investors after record highs earlier in the day.
Stocks declined on Thursday, led by losses in the Nasdaq as investors took profits after recent sharp gains.
Indians stay home as investors choose local hot stocks and lower tax domestic funds.
Many of the leading U.S. retailers reported dismal September sales that missed Wall Street's expectations, hurt by unusually warm weather, prompting some to cut their outlook for the entire quarter. Industry leader Wal-Mart raised its outlook for the quarter but said sales came in at the low end of expectations.
World stock markets raced ahead with their post-credit shock rally on Thursday and Wall Street looked set to join them, while gold and platinum hit highs on the back of the weaker dollar.
Stocks around the world extended gains on Thursday while the yen slipped against the dollar after the Bank of Japan decided not to change interest rates.
The Nikkei average gained 0.1 percent on Thursday despite some weak economic data out before the open.
Retail shares were mixed on Tuesday despite a strong performance from Costco Wholesale Corp, which rose sharply on expectations of higher profits.
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 dollar fell on Wednesday as concern crept back into the market that the Federal Reserve may cut interest rates again this year to prevent a weak housing sector from damaging the broader economy.
World stocks stretched to record highs on Wednesday, led by emerging markets, while the dollar slipped on reduced hopes of a new U.S. interest rate cut.
