Stocks closed way off session lows on Thursday on news Greece agreed to a five-year austerity plan, but lingering economic uncertainty ultimately drove indexes mostly lower, keeping the downward trend intact.
Oil tumbled 6 percent on Thursday to a four-month low after the world's top consumers released emergency oil reserves for the third time ever, a surprise intervention to aid the struggling global economy.
Stocks pared losses on Thursday, with the Nasdaq turning positive, after sources said Greece had won the consent of inspectors from the European Union and International Monetary Fund for a new five-year austerity plan.
U.S. stocks pared some of their losses and the Nasdaq Composite briefly turned positive on Thursday, boosted by a spike in shares of Apple Inc
.Stocks slid on Thursday as a sharp drop in oil triggered a sell-off in an already fragile market that was staggered by Federal Reserve Chairman Ben Bernanke's downbeat comments a day earlier.
Stocks tumbled on Thursday as a sharp drop in oil fueled an already weak market that faltered after Federal Reserve Chairman Ben Bernanke's downbeat comments a day earlier.
Stocks tumbled on Thursday as a sharp drop in oil fueled an already weak market that faltered after Federal Reserve Chairman Ben Bernanke's downbeat comments a day earlier.
Stocks tumbled on Thursday as a sharp drop in oil fueled an already weak market that faltered after Federal Reserve Chairman Ben Bernanke's downbeat comments a day earlier.
Oil prices crashed more than $8 to a four-month low on Thursday after the world's consumer nations said they would band together to aid the global economy by releasing emergency oil reserves for the third time ever.
Oil fell sharply on Thursday, with North Sea Brent down more than $6 per barrel, after the International Energy Agency said 60 million barrels of oil would be released from strategic stockpiles to help the global economy.
Oil fell sharply on Thursday with North Sea Brent down more than $8 per barrel after the United States and International Energy Agency and they would release 60 million barrels of oil from strategic stockpiles to help the global economy.
Wall Street was set to drop about 1 percent at the open on Thursday after the latest data on the labor market further confirmed investor fears of a slowdown in the economy.
Wall Street was set for a sharply lower open on Thursday after the latest data about the labor market further confirmed investor's fears of a slowdown in the economy.
Stock index futures dipped on Thursday, adding to weakness from the previous session, after the Federal Reserve gave a more pessimistic outlook on the U.S. economy and offered no hints about further monetary support.
Stock index futures fell on Thursday, adding to weakness from the previous session, after the Federal Reserve gave a more pessimistic outlook on the U.S. economy and offered no hints about further monetary support.
Stocks dropped on Wednesday after the Federal Reserve cut its forecasts for U.S. economic growth this year and next, without hinting at further plans for stimulus.
The U.S. dollar rose and Asian stocks fell on Thursday with investors reluctant to buy risky assets ahead of a European leaders meeting, which could be dominated by Greece's debt crisis, and after the Federal Reserve cut its growth forecasts.
Investors and ratings agencies would balk at another temporary raising of the U.S. government's debt ceiling to buy lawmakers more time to resolve their deep conflicts over how to lower the U.S. budget deficit.
The London Stock Exchange sweetened its friendly bid for the operator of the Toronto Stock Exchange to $4.1 billion on Wednesday, topping a hostile offer from a Canadian consortium.
Investors would balk at a possible move by Congress to raise the U.S. government's legal borrowing limit for only a short time, even if it bought lawmakers more time to work out a long-term solution.
Stocks dropped on Wednesday after the Federal Reserve acknowledged the sluggish pace of the U.S. economic recovery without hinting at further plans for stimulus.
U.S. banks including PNC Financial Services Group
and Capital One Financial are using shares to help pay for even small acquisitions, in a sign of how much pressure they feel to boost their capital levels.The Treasury has a clear path to selling its remaining stake in General Motors Co shares, a senior Obama administration official is expected to say on Wednesday.
Stocks edged lower on Wednesday after the Federal Reserve acknowledged the sluggish pace of the U.S. economic recovery, but gave no hint of further plans for stimulus.
Wall Street investors are a bit more pessimistic than they should be despite a host of negative factors such as a weak U.S. economy and high energy costs, Goldman Sachs strategist Abby Joseph Cohen said.
Stocks traded flat to slightly higher on Wednesday after the Federal Reserve acknowledged the sluggish pace of the U.S. economic recovery, but provided no clues about any additional plans for stimulus measures.
Stocks edged higher on Wednesday after an upbeat outlook from FedEx as investors awaited the Federal Reserve's assessment of the economy and any clues about plans for dealing with recent weakness.
Stocks seesawed between modest gains and losses on Wednesday ahead of the Federal Reserve's assessment of the economy and any plans for dealing with renewed weakness.
Stocks cut early losses and the S&P briefly turned positive on Wednesday, helped by strong results from economic bellwether FedEx Corp .
Stocks opened lower on Wednesday as investors were cautious about the direction the Federal Reserve would take to deal with renewed weakness in the economy.
