The U.S. Treasury said on Wednesday that it plans to sell its preferred stock position in six community banks as part of the Obama administration's effort to unwind bailout programs from the financial crisis.
The S&P 500 broke a five-day streak of gains on Wednesday as investors found little reason to extend a rally that took the benchmark index to four-year highs.
Stocks mostly edged lower on Tuesday, with the S&P 500 pulling back after nearing 1,400 as investors found little reason to extend the previous day's rally on the Federal Reserve's comments on the economy and the banking sector.
The S&P 500 knocked on 1,400 before edging lower on Wednesday as investors digested the previous session's rally on the Federal Reserve comments on the economy and the banking sector.
Crude inventories rose last week, with stocks at the trading hub in Cushing, Oklahoma increasing to an nine-month high, while oil products fell, data from the U.S. Energy Information Administration showed on Wednesday.
Stocks were largely flat on Wednesday as investors balanced comments from the Federal Reserve on the economy and banking sector against the recent, five-day rally.
Stock index futures pointed to a flat open on Wednesday as investors weighed comments from the Federal Reserve on the economy and banking sector against the recent five-day rally.
Stock index futures were little changed on Wednesday as investors weighed comments from the Federal Reserve on the economy and banking sector against the recent five-day rally.
Stock index futures edged higher on Wednesday, putting the benchmark index on track for its sixth straight advance after comments from the Federal Reserve on the economy and banking sector helped boost optimism.
Stock futures signaled a mixed opening for Wall Street on Wednesday, with futures for the S&P 500 up 0.1 percent, the Dow Jones futures down 0.2 percent and the Nasdaq 100 futures falling 0.1 percent.
Shares of Sharp Corp reversed losses and jumped over 4 percent on Wednesday after a report that its president Mikio Katayama would resign as the company struggles to shore up its finances.
The stock market posted its best day this year, with Tuesday's late spark coming from JPMorgan Chase & Co after the bank announced it will raise its dividend.
The stock market posted its best day this year, with Tuesday's late spark coming from JPMorgan Chase & Co after the bank announced it will raise its dividend.
The major stock indexes closed at multi-year highs on Tuesday, with a late spark coming from JPMorgan after the bank announced it will raise its dividend and repurchase stock.
Stocks rallied on Tuesday, with banks and technology shares leading the way higher as stronger-than-expected retail sales and signs of easing in the euro zone were signals the global economy was gaining momentum.
Banks and technology shares led the S&P 500 and Nasdaq to multi-year highs on Tuesday as U.S. retail sales exceeded expectations last month and concerns eased about the euro zone's crisis.
Banks and technology shares led the S&P 500 and the Nasdaq more than 1 percent higher on Tuesday as U.S. retail sales exceeded expectations last month and concerns eased about the euro zone's crisis.
The S&P 500 and Nasdaq hit multi-year highs on Tuesday as U.S. retail sales rose more than forecast last month and as concerns eased about the euro zone's crisis.
Stocks rose at the open on Tuesday on easing concerns about the euro zone's economy and after a report showed better-than-expected retail sales last month.
Stock index futures advanced on Tuesday ahead of data that could provide clues about the intensity of consumer spending and before a monetary policy announcement from the Federal Reserve.
Defensive names rallied in an otherwise flat day for Wall Street on Monday as investors paused after recent gains and looked ahead to the Federal Reserve's monetary policy statement.
Stocks were little changed on Monday as investors looked to defensive names after a three-day rally and a day ahead of a Federal Reserve monetary policy statement.
The S&P 500 and the Nasdaq slipped on Monday as China's economic data and a Federal Reserve monetary policy statement due later this week gave traders reason to pause after a three-day rally.
The S&P 500 and Nasdaq fell on Monday as economic data in China and a Federal Reserve monetary policy statement due later this week gave traders reason to pause after a three-day rally.
Stocks were flat on Monday as economic data in China and this week's Federal Open Market Committee announcement gave investors reason to pause after a three-day rally.
Taiwan stocks ended down 1.1 percent on Monday, joining Asian bourses amid uncertainty of Chinese growth, weighed down by HTC Corp and LCD makers , as investors took profit from their previous gains.
For a moment, U.S. stocks looked like they were headed for a long-awaited pullback last week.
Stocks advanced on Friday as investors brushed off the technical default by Greece and focused instead on another strong monthly jobs report.
Stocks were on track to end the week higher on Friday after a strong monthly jobs report, but gains were trimmed in late afternoon trade on news of a credit event in Greece.
Stocks pared gains in late trading on Friday, as worries about Greece increased after news that a derivatives group has declared a Greek credit event.