Business at U.S. manufacturers expanded at a slower-than-expected pace in February, according to a closely watched survey of the sector released Thursday.
China is cutting the share of its reserves denominated in U.S. dollars and may be buying far more European government debt than in the past, according to data compiled by Dow Jones Newswires.
Euro zone unemployment rose to 10.7 percent in January from a revised 10.6 percent in December, while the annual inflation rate edged up to 2.7 in February from 2.6 percent in January, the European Union's official statistics agency, Eurostat, reported Thursday.
Futures on major U.S. stock indices point to a higher opening Thursday ahead of a wave of economic data including ISM manufacturing index and key weekly jobless claims.
The Nasdaq composite index crossed 3000 for the first time in more than a decade but finished in red following the testimony from Federal Reserve chairman Ben Bernanke which checked market expectations of more monetary easing.
Precious metals and the broader market headed in opposite directions Wednesday, with gold taking its biggest single-day dive in two-and-a-half months, as a February full of good economic news helped drive the price of precious metals down on the day and month as a whole.
Fed Chairman Ben Bernanke said Wednesday job growth was better than expected and inflation under control, leaving markets thinking central bank intervention was a long way off. The upshot was a dollar rally that hammered gold, stocks and government bonds.
The Dow Jones Industrial Average crossed 13,000 at Tuesday's market close, while the S&P 500 rose above 1,370, but a bullish psychological impact could actually drag down the market in days to come.
The Nasdaq Composite Index briefly crossed the 3,000 mark Wednesday for the first time in 12 years, boosted by the European Central Bank's action to increase liquidity in the euro zone financial system and a better-than-expected revision to the U.S. quarterly economic growth.
Stock index futures edged up on Wednesday after European banks absorbed more than half a trillion euros as part of an effort to stabilize the euro zone's financial system.
U.S. stock index futures pointed to a firmer open on Wall Street on Wednesday, with futures for the S&P 500, Dow Jones futures and Nasdaq 100 futures rising 0.1-0.2 percent at 4:58 a.m. ET.
Here's why the Dow closed above 13,000 for the first time since 2008, indicating that the stock market has finally returned to its pre-recession level.
Markets closed higher Tuesday through a choppy session, as indicators gave conflicting signals on the U.S. economy, while Ireland announced it would hold a referendum on Europe's new fiscal treaty. All eyes are now turned to European Central Bank's second liquidity injection set to take place Wednesday.
The Dow closed above 13,000 for the first time since 2008 on Tuesday and the S&P 500 also hit a milestone, as buoyant U.S. consumer confidence data and a sharp drop in oil prices nudged the nearly five-month rally forward.
Stock index futures rose in low volume on Tuesday a day after the S&P 500 hit a fresh 4-year high and ahead of economic data and this week's liquidity injection by the European Central Bank aimed at supporting the euro zone's ailing banking sector.
Stock index futures rose in low volume on Tuesday a day after the S&P 500 hit fresh 4-year highs and ahead of economic data and this week's liquidity injection by the European Central Bank aimed at supporting the euro zone's ailing banking sector.
Despite talk of an improving economy and a surge in stock markets, doomsayers have warned of tougher times ahead for Americans with an imminent financial crash looming in the near future.
Warren E. Buffett, whose Berkshire Hathaway holding company has made him one of the richest men around, said he’s pleased by new holdings in technology.
Germany, the chancellor says, is willing to put €11 billion ($14.7 billion) into the euro zone's main bailout fund this year and next -- as long as its currency partners do the same.
Stock index futures fell on Monday in low volume following the S&P 500's four-year closing high last week and after the Group of 20 leading economies told Europe it must commit more money to fight the EU debt crisis before seeking broader help.
Stock index futures fell Monday in low volume following the S&P 500's four-year closing high last week and after the Group of 20 leading economies told Europe it must commit more money to fight the EU debt crisis before seeking broader help.
Why is one professional observer so negative about America's short-term economic prospects?