Stocks popped Wednesday on both sides of the Atlantic, one day after their worst loss of the year, on easing euro zone worries and hopes for a better-than-expected earnings season.
Stocks rose on Wednesday, bouncing back after five days of sharp losses that pushed the S&P 500 and the Nasdaq below their key technical levels.
The federal income tax for 30 companies was negative during the four-year period, even though they brought in a combined $205 billion in gross profit.
Stocks extended gains on Wednesday, pushing the Dow average up more than 1 percent as the market rebounded after five days of heavy losses on the S&P 500 brought the benchmark index down more than 4 percent.
U.S. Attorney General Eric Holder said Apple and publishers worked to eliminate competition. Three publishers settled the case.
Wall Street was set to bounce back at the open on Wednesday after five days of losses on the S&P 500 that brought the benchmark index down more than 4 percent.
Prices of goods imported into the U.S. rose more than forecast in March, driven by higher prices in fuel and non-fuel sectors, a government report showed Wednesday.
Stock index futures bounced back on Wednesday after five days of losses on the S&P 500 that brought the benchmark index down more than 4 percent.
Stocks extended their longest and deepest slump of the year on rekindled worries about the euro zone crisis along with nervousness about first-quarter corporate earnings.
Wall Street felt tremors Tuesday afternoon as the S&P 500 Index, Nasdaq Composite Index and Dow Jones Industrial Average both dropped precipitously following declines in European equity markets.
At one point Tuesday the shares fell to 31 percent below their price on June 23, 2009, the day before Dunn took over as CEO, through Monday's close. Initial euphoria over Dunn's resignation soon gave way to a selloff.
Increased demand led to better-than-expected growth in stockpiles, to a seasonally adjusted $479 billion, the Commerce Department said Tuesday.
Same-store sales rose 0.5 percent from the previous week and 4.5 percent year on year, the International Council of Shopping Centers and Goldman Sachs reported. Redbook Research said same-store sales were up 0.8 percent from March and 4.1 percent from April 2011.
Stock index futures were little changed on Tuesday as S&P 500 futures found support near their 50-day moving average following four days of losses on the benchmark index.
Stock index futures were little changed on Tuesday as S&P 500 futures found support near their 50-day moving average following four days of losses on the benchmark index.
Futures on major US stock indices point to a higher opening Tuesday as investors closely watch the start of US corporate earnings.
U.S. stock index futures pointed to a higher open on Wall Street on Tuesday that would halt a four-session losing streak, with futures for the S&P 500 up 0.32 percent, Dow Jones futures up 0.34 percent and Nasdaq 100 futures up 0.44 percent at 0845 GMT.
The earnings season, which starts with Alcoa Inc. reporting first quarter results Tuesday, is expected to be sluggish and could witness markets struggling to maintain gains made in the past several weeks.
Asian shares eased Tuesday as investors cautiously awaited Chinese trade data to gauge whether the world's second-largest economy could achieve a soft landing, after a sharp slowdown in U.S. jobs creation clouded prospects for global growth.
The Dow and the S&P 500 extended losses to a fourth day on Monday, as investors took their cues from last week's disappointing jobs report, which raised new concerns about the U.S. economy's recovery.
European private equity funds raised 82 percent more capital in the first quarter of 2012 compared to the same period last year, according to Dow Jones LP Source, a research service for the industry.
U.S. stocks fell hard Monday after a surprisingly weak jobs report on Friday left investors hunting for safety rather than big returns.