Stock index futures dipped on Wednesday, as investors pondered whether the market would sustain a run-up seen in the prior session amid persistent concerns about recession and the financial sector.
Late on Tuesday, in his first speech to Congress, U.S. President Barack Obama tried to reassure Americans the country would emerge stronger from the crisis but analysts said he shed little light on how...
Stocks fell on Wednesday on disappointment President Barack Obama provided few new clues about how his administration would shore up the economy in a major speech before Congress.
Late on Tuesday Obama sought to reassure the country it would emerge stronger from the crisis but investors found little in his speech that could help the market hold onto its attempted rebound on Tuesday from 12-year l...
Stock index futures pointed to a mixed open for U.S. shares on Wednesday, following a surge in the previous session.
At 5:30 a.m. EST, futures for the Dow Jones were flat; those for the S&P 500 were up 0.l percent and those for the Nasdaq were down 0.2 percent.
Macro data due includes sales of existing homes in January. A Reuters poll suggests sales will have risen to an annual pace of 4.79 ...
Only one in three Americans now believe they will be able to fully retire as huge losses in home and stock prices dent their confidence in the future, according to a study by Scottrade.
The head of sovereign ratings at Standard & Poor's told Reuters on Wednesday he expected more sovereign ratings downgrades than upgrades this year and flagged financial markets' concern about the health of public finances.
ECONOMIC DATA 02/25/2009: all times EST. 10:00 AM US EXISTING HOME SALES (4.80 MILLION). 10:30 AM EIA INVENTORY
Wall Street's fat cats are in the public's doghouse, and it could be a long time -- if ever -- before the eye-popping paychecks and glamour of the last two decades return.
Stocks rose on Tuesday as investors snapped up beaten-down shares while reassuring results from Home Depot Inc boosted sentiment a day after Wall Street sank to a 12-year low.
The benchmark S&P 500 index held a slight edge above its November bear market low as an advance in such shares as Bank of America and JPMorgan Chase eclipsed news th...
Stocks fell from session highs on Tuesday after data showed consumer confidence plunged to a record low in February, with expectations for an even weaker economy and more jobs lost.
Adding to the gloom, Federal Reserve Chairman Ben Bernanke warned in testimony that the recession, which started in December 2007, may not end this year.
Major indexes had risen more than 1 percent earlier in the ses...
Stocks rose on Tuesday as investors snapped up shares in beaten-down sectors, including financials, a day after Wall Street skidded to a 12-year low.
The benchmark S&P 500 index held a slight edge above its November bear market low, as JPMorgan , up 3 percent, and Citigroup , up almost 5 percent, led a rebound in financial shares.
Shares of Home Depot <...
is down 52.39 percent or $10.4 trillion.
Diminishing confidence that the U.S. government will be able to stabilize the financial system helped drive the S&P 500 and the Dow to their lowest closes since the spring of 1997 on Monday.
Asian shares fell on Tuesday, with Japan's Nikkei flirting with a 26-year low, as concerns grew about the global financial system, while emerging currencies such as the South Korean won extended their recent sell-off.
Strong gains in Asian shares on Monday were completely erased as optimism over reports that the U.S. government could take a bigger stake in Citigroup gave way to fresh...
The Dow Jones industrial average fell to an 11-year low on Monday as investors dumped shares on uncertainty about the latest potential U.S. government action to shore up beleaguered banks.
Making matters worse, worries about a fall-off in business and consumer spending on technology hurt the biggest names in the tech sector. IBM and Hewlett-Packard were the top drags o...
Stocks slid on Monday, sending the Dow Jones industrial average to its lowest in more than 11 years, as uncertainty about the government's latest bid to shore up ailing banks, including Citigroup , diminished the appetite for riskier assets.
A sell-off in technology shares added to the negative tone amid concerns about declining business and consumer spending.
The S&P 500 broke b...
have truly outstanding fundamentals, it seems to me that you ought to be thinking about that as investors and not just the short-term concerns.
The deal will allow Nova to strengthen its balance sheet so it can keep operating and expanding, the companies said. IPIC agreed to give Nova a $250 million backstop facility to improve its liquidity.
Meanwhile, Nova won a new $150 million credit faci...
There was a time when a tumble below $10 in the share price of a company in the Dow Jones industrial average meant ignominy.
U.S. stocks fell on Monday due to uncertainty about the likely success of the government's latest bid to shore up beleaguered banks, including Citigroup , and a drop in technology shares pulled indexes lower.
Initially, investors welcomed reports that the government could convert an earlier investment in Citigroup into a larger common stock holding as a sign the United States is ready...
Stocks retreated on Monday and the S&P briefly fell more than 1 percent as financials relinquished earlier gains fueled by reports Citigroup is in talks to give the U.S. government a larger stake.
Stock index futures rose on Monday as investors took reports that the U.S. government could take a bigger stake in Citigroup as signaling it is ready to avert further paralysis of the financial system.
A report in the Wall Street Journal said the government may end up holding as much as 40 percent of Citigroup's common stock.
Last week shares of Citigroup and Bank of America
Stock index futures pointed to a higher open on Wall Street on Monday, as stocks bounced back from last week's steep losses on easing worries that Washington would have to nationalize embattled banks.
slightly less than the 3.1 percent during the early '70s, the NABE said.
The survey forecast the unemployment rate peaking at 9.0 percent in the fourth quarter, before edging lower from the second quarter of 2010.
The U.S. jobless rate is currently at 7.6 percent, a 16-year high.
Job losses are expected to persist through 2009, though steadily diminishing over the course of the year. Aver...
is not happening in this merger.
Mattera said San Francisco-based Wells Fargo is taking other steps to retain brokers, including higher payouts through Wachovia Securities' 4front client loyalty program.
He also said Wells Fargo plans in May to change Wachovia Securities' name to Wells Fargo Advisors.
Prudential Financial Inc has a 38 percent stake in Wachovia Securities,...
Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.
Shares of Warren Buffett's Berkshire Hathaway Inc sank Friday to their lowest level in 5-1/2 years amid concern about big potential losses from bets on world stock markets and U.S. banks.
Berkshire's Class A shares fell as much as 6.2 percent to $73,750, their lowest level since August 2003, before rebounding after the White House said it strongly believed the U.S....
U.S. Treasury debt prices gained on Friday as deepening anxiety about the fragile state of the banking system pummelled financial stocks, sending investors scrambling into comparatively safe government debt.
U.S. stocks fell on Friday, pinning the Dow to levels not seen for more than six years, as investors worried that a financial sector rescue might involve nationalization of major banks, wiping out shareholders.
The mounting fear sent investors scurrying to the relative safety of U.S. government bonds and gold, which rose briefly above $1,000 an ounce.
Shares of Bank of America fell...
U.S. stocks dropped at Friday's opening, extending a rout which has pulled the Dow Jones industrials to a fresh bear-market low, as worries about the fate of major banks escalated.
* Fears that the U.S. government's bank rescue plan might involve nationalization and that the recession is worsening had investors scurrying toward the relative safety of U.S. government bonds as stocks plummeted in...
U.S. stock index futures fell on Friday, putting Wall Street on track to extend a rout that has pulled the Dow Jones industrials to a fresh bear-market low as worries about the fate of major banks mount.
Fears that the U.S. government's bank rescue plan might involve nationalization and that the recession is worsening had investors scurrying toward the relative safety of government bonds, with s...
The Dow industrials closed at a more than six-year low on Thursday as investor fears that banks could be nationalized drove their stocks to a 17-year low and a rise in the number people receiving jobless benefits to a record high stoked worries about the deepening recession.
After several near misses this week, blue chips blew through the November 20 bear market closing low in late trade, erasing...
The Dow Jones industrial average slid to its lowest level in six years on Thursday as stocks tumbled on mounting concerns about the fate of major banks and signs that the recession is deepening.
The 30-stock blue-chip gauge fell as to 7,447.55, breaking through the November 21 bear market intraday low to levels not seen since March 2003.
The Dow Jones industrial average ...
