Stocks fell and the euro weakened Wednesday after Standard & Poor's hit some of the world's leading banks with a credit downgrade and euro zone leaders' move to ramp up the regional bailout fund drew a tepid response.
The top after-market NASDAQ stock market gainers are: L & L Energy, First Interstate Bancsystem, Momenta Pharmaceuticals, Seattle Genetics, and Amylin Pharmaceuticals. The top after-market NASDAQ stock market losers are: OmniVision Technologies, Savient Pharmaceuticals, Texas Capital BancShares, Spectrum Pharmaceuticals, and Aruba Networks.
Asian shares fell and the euro trimmed gains on Wednesday as caution set in over the chance for more progress in resolving euro zone debt woes after officials agreed to strengthen a rescue fund and seek more aid from the International Monetary Fund.
Asian shares fell and the euro trimmed gains Wednesday as caution set in over the chance for more progress in resolving euro zone debt woes after officials agreed to strengthen a rescue fund and seek more aid from the International Monetary Fund.
Bank of America (NYSE:BAC) and Citigroup (NYSE:C) are among a group of 37 large financial institutions that were downgraded today by Standard & Poor's, according to Bloomberg News. The downgrades were somewhat expected, as S&P had announced earlier in the year it would be revising its methodology for rating banks in order to give more weight to those institutions' capital ratios.
Goldman Sachs picks its top nine technology stocks for 2012.
At mid-day Tuesday, the Dow Jones Industrial Average rose 65.47 points to 11,588.48, up 0.57 percent from the previous session's close. The benchmark S&P 500 Index was at 1,198.66 points, up 6.11, or 0.51 percent. The NASDAQ index was down 0.28 percent, or 7.10 points, to 2,520.24.
Canada's holiday shopping season has started with a bang, an industry group said on Monday, as more retailers than ever offered Black Friday promotions to keep up with competitors south of the border.
AMR Corp. (NYSE:AMR), the parent company of American Airlines, has filed for bankruptcy protection under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York to shed its debt load and reduce costs after failed negotiations with pilot unions and higher fuel costs forced the company to take the last resort.
BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) has received the anticipated FDA approval for expansion of the manufacturing facility in Novato, California. Wedbush Securities believes that with this approval, the company's long-term growth will be strengthened.
European shares rose on Tuesday as short-term traders helped boost the market following good demand at an Italian bond auction despite soaring borrowing costs, while BASF rose after lifting its sales target.
The Nikkei average climbed more than 2 percent on Tuesday, closing at a two-week high on hopes that euro zone leaders were readying steps to ease the debt crisis and that a robust U.S. holiday shopping season was underway.
The top pre-market NASDAQ Stock Market gainers are: Magal Security Systems, Seagate Technology, Central European Distribution, Onyx Pharmaceuticals, Randgold Resources, and Research In Motion. The top pre-market NASDAQ Stock Market losers are: Tellabs, ASML Holding, Netflix, and Microsoft.
FBR Capital Markets hosted several meetings with Chief Executive Craig Nash and investors of Interval Leisure Group Inc. (NASDAQ: IILG) last week.
Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.15 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures down 0.27 percent at 4:19 a.m. ET.
The top after-market NASDAQ stock market gainers are: Seagate Technology, Angie's List, Central European Distribution, Shanda Games and Federal-Mogul. The top after-market NASDAQ stock market losers are: Susser Holdings, Alaska Communications Systems Group, Smart Balance, Anadigics and Aruba Networks.
South Africa's rand gained as much as 2.3 percent against the dollar on Monday in what traders said was a temporary correction after last week's battering to 30-month lows.
Is the U.S. Federal Reserve likely to purchase more securities as part of a plan to help jump-start U.S. GDP growth? It is, if a survey of key bond dealers is accurate.
Honda Motor Co said all of its North American plants will resume normal production by the start of next month, following improvement in overall parts supply, which was hit by the Thailand floods.
The top pre-market NASDAQ stock market gainers are: Melco Crown Entertainment, Amarin, DryShips, Micron Technology, Netflix, Dendreon, SodaStream International, and Green Mountain Coffee Roasters. The top pre-market NASDAQ stock market losers are: Randgold Resources, and Global Industries.
Online gaming firm Nexon Co said on Monday it would raise up to 98 billion yen ($1.3 billion) in an initial public offering this month, pushing ahead with its planned listing even as a massive hacking attack threatens to dampen excitement for the stock.
Gold prices surged Monday as German and French leaders worked on emergency plan to save the Eurozone within weeks rather than months and strong U.S. retail buying bolstered equities.
Stock index futures pointed to a sharply higher open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 2.2 to 2.6 percent.
Stock index futures pointed to a sharply higher open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 2.2 to 2.6 percent.
Jefferies revised its estimates for Netflix Inc. (NASDAQ: NFLX) due to revised guidance and capital raise. The brokerage lowered its price target on shares of Netflix to $75 from $90, while maintaining its hold rating.
Wal-Mart is expected to add more items to their sales list
U.S. stock futures jumped in early electronic trading on Sunday on the latest round of proposals out of Europe designed to corral the growing euro zone debt crisis.
Amazon.com Inc., eBay Inc., and other online commerce companies had a strong Black Friday, but the industry's growth rate lagged last year's surge in online buying on the traditional first day of the holiday shopping season.
U.S. investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one because, otherwise, market losses could have been larger.
Exchange operator CME Group Inc. fined Infinium Capital Management, a high-frequency trading firm with offices in Chicago, London, and New York, a total of $850,000 for three separate computer malfunctions that rattled futures markets in 2009 and 2010.
