Stock index futures added to gains on Wednesday after data showed new U.S. orders for long-lasting manufactured goods unexpectedly rebounded in February.
Stock index futures added to gains on Wednesday after data showed new U.S. orders for long-lasting manufactured goods unexpectedly rebounded in February.
Stocks surged around 7 percent on Monday after the Obama administration detailed a plan to purge toxic assets from bank balance sheets, fueling optimism about a revival in bank lending and driving double-digit gains in financial shares.
U.S. stocks jumped more than 4 percent on Monday after long-awaited details from the Obama administration on its plan to remove distressed assets from bank balance sheets fueled optimism it will spark a revival in lending, driving up financial shares.
Wall Street was set for a sharply higher open on Monday after the U.S. government released details of a plan to clean up toxic assets from banks' balance sheets, a crucial component of efforts to stabilize the recession-hit economy.
Stock index futures pointed to a sharply higher open on Monday after the U.S. government released details of a plan to clean up toxic assets from banks' balance sheets, a crucial component of efforts to stabilize the recession-hit economy.
Several options are on the table about what to do after the government seized the nation’s largest U.S. corporate credit union, which had taken on an unacceptably high set of risky investments.
Wall Street's attempt to recover further from 12-year lows faces its biggest test yet this week in the Treasury's long-delayed bank rescue plan.
Wall Street's attempt to recover further from 12-year lows faces its biggest test yet next week in the Treasury's long-delayed bank rescue plan.
Stocks slid on Friday as the Federal Reserve's plan to rekindle consumer and small business lending fell short of expectations and General Electric was hit by analysts' bearish comments.
Stocks were set to dip at the open on Wednesday as investors turned cautious before the Federal Reserve's policy decision, tempering optimism from a report that IBM was in talks to buy computer maker Sun Microsystems .
Stock futures were little changed on Wednesday as a report that IBM was in talks to buy computer maker Sun Microsystems offset caution before the Federal Reserve's policy decision.
The state of New Jersey on Tuesday sued Lehman Brothers executives and directors for fraud and misrepresentation, Gov. Jon Corzine said, seeking to recover the $118 million lost by state pension funds.
Stocks fell on Monday after American Express Co said the number of people struggling to make credit card payments grew, erasing earlier optimism that banks could return to profit in the downturn.
Stock index futures pointed to a fourth straight day of gains on Friday after Citigroup said it did not need any more government capital infusions, bolstering investor optimism that banks might be seeing some stabilization.
Bernard Madoff, accused of running the biggest fraud in Wall Street history, is expected to plead guilty on Thursday in what is shaping up to be a courtroom drama featuring denunciations by investors and a renewed push by prosecutors to jail him immediately.
U.S. stocks edged higher in bumpy trading on Wednesday as a rise in technology shares helped temper unease about whether the government would soon lay out a plan to restore confidence in the banking system.
Stocks headed for a higher open on Wednesday, with financials set to lead another climb as investors bet Washington will soon restore confidence in banks by relieving them of money-losing assets.
Stock index futures rose on Wednesday, signaling Wall Street will extend Tuesday's strong advance on bets Washington will act soon to restore confidence in banks by relieving them of money-losing assets.
Merck & Co Inc said on Monday that it would acquire Schering-Plough Corp for $41.1 billion, uniting the makers of cholesterol drugs Zetia and Vytorin in the second megadeal for Big Pharma in weeks.
Stocks headed for a sharp drop at Thursday's open, weighed down by General Motors' warning about its viability and caution about the outlook for major conglomerate General Electric .
Stock index futures fell on Thursday, weighed down by a warning from General Motors that there was substantial doubts about its ability to continue as a going concern and caution ahead of key data.