Stocks rallied for a second straight day on Thursday, taking the Nasdaq back into positive territory for the year-to-date, on increasing optimism that the economy's worst days are behind after the government reported data that was less dire than expected.
Stocks rose for a second straight day on Thursday on continued optimism the U.S. recession may be easing, as fourth-quarter economic data and weekly jobless claims that were in line with expectations kept the focus on positive signs earlier in the week.
Stocks rose for a second straight day on Thursday on continued optimism the U.S. recession may be easing, as fourth-quarter economic data and weekly jobless claims that were in line with expectations kept the focus on positive signs earlier in the week.
Stocks rose on Thursday as investors bet the U.S. economic downturn may be easing following reports on fourth-quarter economic growth and weekly jobless claims that landed roughly in line with expectations.
Asian shares put in a mixed performance on Wednesday as a sharp rally in stock markets this week over a U.S. plan to deal with toxic debt ran out of steam.
Asia stocks struck two-month highs on Tuesday and higher-yielding currencies jumped against the yen as Washington's plan to relieve banks of toxic debt spurred investors to pick up riskier assets.
Moody's Investor Service cut General Electric Co's top-tier credit rating by two notches -- deeper than rival Standard & Poor's downgrade -- and said its outlook on the biggest U.S. conglomerate is now stable.
By Leah Schnurr
Stock futures rose on Monday, putting Wall Street on course to extend its recovery from 12-year lows reached earlier this month, after Britain's Barclays became the latest bank to buoy hopes that some stabilization may be returning in banking.
The three-day run-up in U.S. stocks on Thursday is bringing desperately needed relief for bruised investors, but the bounce off 12-year lows is stoking fears that it may be a little too rapid to be sustainable.
U.S. stocks gained for a third day on Thursday on relief that S&P cut General Electric's ratings by just a single notch and signaled no further downgrades loomed, while data suggested some stabilization in consumer spending.
Stocks rose for a second day on Wednesday after JP Morgan Chase's chief executive said his bank was profitable in January and February, echoing comments by Citigroup's CEO a day earlier.
The Dow industrials and the S&P rose modestly while the Nasdaq dipped in choppy trade on Monday as gains by the energy and banking sectors were offset by a drop in pharmaceuticals after Merck's proposed $41 billion takeover of Schering-Plough .
The Dow industrials and the S&P rose modestly while the Nasdaq dipped in choppy trade on Monday as gains by the energy and banking sectors were offset by a drop in pharmaceuticals after Merck's proposed $41 billion takeover of Schering-Plough .
Stocks slid on Thursday, hit by persistent worries about major banks, including Citigroup , and a warning from General Motors about a possible bankruptcy.
U.S. retailers posted better-than-expected February same-store sales on Thursday due to a strong gain at discounter Wal-Mart Stores Inc , which said lower gasoline prices had loosened some household budgets.
U.S. stocks extended declines on Thursday, hurt by a warning from General Motors about possible bankruptcy and persistent uncertainty about the fate of major banks.
Stocks rallied on Wednesday as shares at 12-year lows lured investors to break a five-day sell-off and a jump in oil and other commodities boosted energy and natural resource companies.
Oil rose over 6 percent on Wednesday after data showed an unexpected drop in U.S. crude stocks and an increase in gasoline demand.
Oil edged down toward $41 on Wednesday, after surging nearly 4 percent overnight in anticipation that producer group OPEC would cut supply further at its next meeting.
Stocks fell in volatile trading on Tuesday, with the S&P ending below 700 for the first time since October 1996 as persistent uncertainty about the amount of money needed to shore up the financial system overshadowed a hunt for bargains.
Stocks fell in volatile trading on Tuesday, with the S&P ending below 700 for the first time since October 1996 as persistent uncertainty about the amount of money needed to shore up the financial system overshadowed a hunt for bargains.