EQUITIES

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Financials, Fed caution sink Wall St

Stocks fell on Wednesday, as financial shares sold off following their recent run-up and as the Federal Reserve offered a more pessimistic view on the economy's prospects.

Financials and Fed caution sink Wall Street

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Stocks fell on Wednesday, as financial shares sold off following their recent run-up and as the Federal Reserve offered a more pessimistic view on the economy's prospects.

Defensives lift Wall Street

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Stocks rose on Wednesday as shares of McDonald's Corp and Procter & Gamble Co advanced on positive broker comments, but profit-taking in financials and the Federal Reserve's cautious comments on the economy kept gains in check.
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N.Y. charges 16 people in stock commissions case

Sixteen people who worked for defunct securities firm Joseph Stevens & Co Inc have been indicted over a scheme that netted $6.2 million in unlawful stock commissions, the Manhattan district attorney said on Wednesday.
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Deere quarterly net falls 38 percent

Deere & Co , the world's largest maker of agricultural machinery, said on Wednesday that quarterly earnings fell 38 percent as lower crop prices and farmers' concerns about the global recession weighed on demand for tractors and harvesters.
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Emerging Asia FX falls, global stocks skittish

The Australian dollar and emerging market currencies slid on Wednesday as investors began to question how much longer a near three-month rally in riskier assets can last without evidence of a sustained economic recovery.
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Nikkei edges up, trading houses rise but yen weighs

Japan's Nikkei stock index rose 0.4 percent on Wednesday with trading houses up after a brokerage upgraded Mitsubishi Corp, but gains were limited as a slightly firmer yen dragged on exporters such as Honda Motor Co.
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Nikkei buoyed by resources

The Nikkei stock average rose 0.4 percent on Wednesday, shrugging off data showing Japan's biggest economic contraction on record, with high commodity prices buoying trading houses such as Mitsubishi Corp .
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Wall Street rises on tech boost ahead of HP results

Stocks rose for a second day on Tuesday as investors snapped up shares in the technology sector ahead of results from Hewlett Packard , betting the tech bellwether may be the latest company to beat estimates.
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Wall Street rises as housing data weighed

Stocks moved higher on Tuesday as investors bet that April's slide in U.S. housing starts and permits signaled that the housing market may soon stabilize as the supply of new homes dwindles.
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Wall Street set to dip at open on housing angst

Stocks were set to fall at the open on Tuesday after data showed new U.S. housing starts and permits unexpectedly slid to record lows in April, tempering hopes of economic stabilization.
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Saks shares jump after loss smaller than expected

Saks Inc posted a smaller-than-expected quarterly loss on Tuesday as the upscale retailer worked to cut inventory and costs to offset a steep drop in sales, sending its shares up more than 10 percent.
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Stock futures rise on Home Depot optimism, oil

Stock index futures rose on Tuesday, positioning Wall Street to recoup the rest of last week's losses, as upbeat quarterly results from Home Depot Inc bolstered hopes the economic downturn was easing.
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Wall Street gains as Lowe's lifts mood

Stocks rallied on Monday as better-than-expected results from the No. 2 U.S. home improvement retailer, Lowe's Cos Inc , helped spark broad-based buying on hopes the recession is easing and consumer spending is stabilizing.
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State Street to sell stock, takes $3.7 billion charge

State Street Corp said it plans to sell $1.5 billion of stock and will also sell notes to help repay government bailout funds, and took a $3.7 billion charge to move some assets onto its balance sheet at a loss.
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Wall Street gains on Lowe's results, broker comments

U.S. stocks rose on light volume on Monday as a better-than-expected quarterly profit and upbeat outlook from Lowe's Cos Inc , the No. 2 U.S. home improvement retailer, fueled hopes the economic slump was easing and spending was stabilizing.
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Lowe's profit tops view

Lowe's Cos Inc posted better-than-expected quarterly profit on Monday as it saw some strength in outdoor projects like gardens and lawns in the spring, even as consumers still shunned big home renovations.
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Berkshire adds shares of US Bancorp, Wells

Warren Buffett's Berkshire Hathaway Inc said on Friday it had modestly raised its stakes in Wells Fargo and US Bancorp , two banks whose market values have fallen dramatically.
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Wall Street up on Lowe's optimism, broker views

Stocks extended gains on Monday as a solid quarterly profit and raised forecast from Lowe's Cos Inc , the No. 2 U.S. home improvement retailer, heightened hopes the economic slump was easing and spending was stabilizing.
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Lowe's optimism, broker views lift Wall Street

Stocks rose on Monday as a solid quarterly profit and raised forecast from Lowe's Cos Inc , the No. 2 U.S. home improvement retailer, fueled hopes the economic slump was easing and spending was stabilizing.
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Wall Street rises after Lowe's results

Stocks opened higher on Monday as stronger-than-expected quarterly results from No. 2 U.S. home improvement chain Lowe's Cos Inc boosted hopes the recession was abating and spending was stabilizing.
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Stock futures jump as Lowe's fuels spending hopes

Stock index futures rose on Monday as stronger-than-expected quarterly results from No. 2 U.S. home improvement chain Lowe's Cos Inc further boosted hopes the recession was abating and spending was stabilizing.
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Lowe's profit tops view, forecast raised

Lowe's Cos Inc posted a higher-than-expected quarterly profit on Monday and raised its forecast for the year, sending its shares up 11.1 percent in premarket trade.
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India shines among weaker bourses

Equities in Europe and Japan fell on Monday although emerging markets got a big boost from Indian elections which raised hopes of a stable, pro-economic reform government.

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