Investors appear to be relieved that the destruction wrought by the storm turned out to be less than feared.
Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 1 percent, Dow Jones futures up 0.8 percent and Nasdaq 100 futures up 1 percent at 0930 GMT (5:30 a.m. ET).
European shares gained in early trading Monday morning, tracking a late rally in Wall Street Friday, after Federal Reserve Chairman Ben Bernanke raised hopes for more economic stimulus.
World stocks rose 1 percent and the dollar fell on Friday as Federal Reserve Chairman Ben Bernanke left the door open for future U.S. economic stimulus.
World stocks rose 1 percent and the dollar fell on Friday as Federal Reserve Chairman Ben Bernanke left the door open for future U.S. economic stimulus.
In his Jackson Hole, Wyo. conference speech, U.S. Federal Reserve Chairman Ben Bernanke said, in so many words, that headwinds -- some organic, some Capitol Hill-ish -- confronting the U.S. economy are strong, but the Fed is stronger.
Wall Street stocks rebounded on Friday as investors digested Federal Reserve Chairman Ben Bernanke's remarks about the economy and regained hope the door was still open for more monetary stimulus down the road.
Stocks rose Friday after Fed Chairman Ben Bernanke used a closely-followed speech to express optimism about the U.S. economic recovery but offer no hint that the central bank would intervene, as it did after his last such talk.
Stock futures pointed to a slightly higher open for equities Friday after declines in the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 all up 0.2 percent.
The German DAX dropped 4 percent in about 15 minutes in Friday afternoon trading, on a rumor that the German Government's credit rating will be downgraded.
Stocks rallied for a second day on Wednesday as investors bought beaten-down financial shares and unloaded gold, but tech stocks could fall on Thursday after late news about Apple's Steve Jobs stepping down as CEO.
Gold fell Wednesday in electronic trading as investors took profits, economists heralded a positive indicator and Wall Street held its collective breath that the chairman of the U.S. central bank would signal support in a key speech later this week.
Gold prices dropped on Wednesday and were headed for their biggest two-day loss since the peak of the financial crisis, while the dollar rose as investors bet a speech by the Federal Reserve chairman later this week will not reveal any major central bank initiatives.
U.S. shares were set to fall Wednesday, giving up some of the hefty gains of the previous session, which were based on hopes that Federal Reserve Chairman Ben Bernanke will announce measures to stimulate the economy
You can’t blame investors for feeling slightly queasy about the U.S. stock market these days. One day of relatively positive data points is followed by a day with enough bad news to keep a stock investor up at night. But based on a condensed, cross-methodological analysis, in which direction is the Dow likely to head in the next six months?
Stocks shot three percent higher on Tuesday on speculation Federal Reserve Chairman Ben Bernanke this week would signal new help for the economy, giving investors hope a four-week rout was nearing an end.
Can an earthquake influence the ups and downs of the stock market?
You can’t blame investors for feeling slightly queasy about the U.S. stock market these days. One day of relatively positive data points is followed by a day with enough bad news to keep a stock investor up at night. But based on a condensed, cross-methodological analysis, in which direction is the Dow likely to head in the next six months?
World stocks eked out a gain on Monday, stabilizing after the previous four weeks of sharp losses, while Brent crude prices slipped on prospects Libya's civil war will soon end.
Stocks closed moderately higher today. Compared to the past week, we won’t complain about any advance in the market – however small.
HP shares gained because they had been beaten down and some saw recovery
Stock markets surged Monday as investors awaited a Federal Reserve meeting, which will take place later this week, when a new stimulus plan may be announced. The gains were also enabled by gains in European markets.