Stocks faltered on Friday after data showed further deterioration in the labor market as the unemployment rate hit its highest since 1983, underscoring the severity of the recession.
The Dow and S&P 500 stock indexes opened flat on Friday as data showed the labor market deteriorating further while the unemployment rate hit its highest since 1983, underscoring the severity of the recession.
The Dow and S&P 500 stock indexes were set to open flat on Friday as data showed the labor market deteriorating further while the unemployment rate hit its highest since 1983, underscoring the severity of the recession.
Stock futures pointed to a lower open on Wall Street on Friday, as investors were poised to book a portion of their recent hefty gains ahead of key U.S. monthly jobs data.
U.S. stock index futures pointed to a lower open on Wall Street on Friday, as investors were poised to book a portion of their recent hefty gains ahead of key U.S. monthly jobs data.
World stocks slipped on Friday, handing back some of the gains made after Group of 20 leaders presented a united front to combat the financial crisis as investors grew cautious ahead of a key U.S. jobs report. At their London summit, G20 leaders pledged $1.1 trillion of additional funds to the International Monetary Fund and other institutions and to boost trade finance.
G20 leaders convinced investors they were united enough to keep a risk-taking rally alive on Friday, lifting Asian stocks a fourth day, but the U.S. dollar fought back from early losses ahead of the latest U.S. payrolls number due later in the day.
Efforts by G20 leaders convinced investors that policy makers were united enough to keep a risk taking rally alive on Friday, pushing up Asian equities for a fourth day and knocking the yen to a six-month low against the Australian dollar.
General Electric Co and Intel Corp have joined forces to develop devices to help doctors monitor patients' health remotely, an area they believe could become a multibillion-dollar business.
Stocks rallied for a third day on Thursday as more data pointed to a stabilizing economy and changes to an accounting rule were seen as shoring up the volatile financial sector in the short term.
Stocks rallied for a third day on Thursday as more data pointed to a stabilizing economy and changes to a bank-accounting rule were seen as shoring up the volatile financial sector in the short term.
Stocks rallied for a third day on Thursday as more data pointed to a stabilizing economy and changes to a bank-accounting rule were seen as shoring up the volatile financial sector in the short term.
General Electric Co and Intel Corp have joined forces to develop devices to help doctors monitor patients' health remotely, an area they believe could become a multibillion-dollar business.
As investigators delve into the private life and personal possessions of Wall Street swindler Bernard Madoff, at least one thing has become apparent -- he was obsessed with bulls.
Stocks rallied for a third day on Thursday as more data pointed to a stabilizing economy and changes to a bank-accounting rule that is seen as shoring up the volatile financial sector in the short term.
Stocks jumped on Thursday as changes in bank accounting rules boosted optimism the financial system may stabilize in the short term, while world leaders agreed on measures to fight the recession.
General Electric Co and Intel Corp have joined forces to develop devices to help doctors monitor patients' health remotely, an area they believe could become a multibillion-dollar business.
U.S. stocks jumped 4 percent on Thursday after world leaders agreed to pump an additional trillion dollars into the economy to fight the financial crisis and on rule changes aimed at giving banks flexibility when dealing with toxic assets.
Costco Wholesale Corp said it plans to close its two Costco Home stores on July 3, citing the current economic slowdown and resulting weakness in the home furnishings business.
Stocks surged more than 4 percent on Thursday as world leaders agreed to a trillion-dollar deal to fight the economic downturn and banks were allowed more flexibility to value toxic assets that have clogged up the financial system.
Stocks added to gains on Thursday after the board that sets U.S. accounting standards agreed to give banks more flexibility in applying mark-to-market accounting to their toxic assets.
Shares of major carmakers rallied on Thursday after better-than-expected sales in the United States and Europe encouraged hopes that a global auto market collapse could be nearing an end.
Monsanto Co , the world's biggest seed company, posted better-than-expected profit on Thursday as revenues grew in its key corn and soybean seed businesses and it benefited from a low tax rate.
Stocks rose for a third straight session on Thursday on optimism the G20 meeting in London will agree on ways to temper the economic crisis and that new U.S. accounting guidance will favor banks.
Monsanto Co , the world's biggest seed company, said on Thursday that quarterly profit fell 3 percent due in part to lower volume sales of its key herbicide products.
Stocks rose for a third straight session on Thursday on optimism the G20 meeting in London will agree on ways to temper the economic crisis and that new U.S. accounting guidance will favor banks.
Stocks extended gains on Thursday after data showed factory orders rose in February, fueling optimism the economy was showing signs of stabilization.
Stock futures pointed to a higher open on Thursday on optimism the leaders at the G20 meeting underway in London will agree on ways to temper the economic crisis.
Dow Jones futures rose 2.2 percent by 6:40 a.m, EST, S&P 500 futures were up 2.1 percent, and Nasdaq futures were up 2.2 percent, pointing to Wall Street opening higher on Thursday, building on the previous session's gains.
Fears that a major U.S. automaker could seek bankruptcy protection are causing auto parts suppliers to demand quicker payments from the manufacturers, exacerbating problems for the already hard-pressed car makers.
