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.
The U.S. economy expanded at a modest to moderate pace from mid-February through late March, but local industries remain concerned about high gas prices in coming months, the U.S. Federal Reserve said Wednesday in its new Beige Book.
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.
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.
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.
Federal Reserve Chairman Ben Bernanke pushed for new steps to stem risks from “shadow banking” operating beyond traditional oversight and said the economy is still suffering from the 2008 financial crisis.
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.
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.
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.
Federal Reserve Chairman Ben Bernanke said on Monday banks need to have more capital at hand in order to ensure the financial system is stable.
The U.S. economy has yet to fully recover from the effects of the financial crisis, and regulators must continue to find new ways to strengthen the banking system, Federal Reserve Chairman Ben Bernanke said on Monday.
Gold prices rose more than 1 percent on Monday, recovering from last week's hefty drop after disappointing U.S. jobs data revived hopes for fresh monetary easing and a spike in Chinese inflation boosted appetite for the metal.
Major stock indexes were set to open about 1 percent lower on Monday after last week's much weaker-than-expected report on March U.S. job creation.
U.S. stock index futures traded lower on Monday after last week's much weaker-than-expected report on U.S. job creation for March.
Leading indicators in the Labor Department's March employment report, released Friday, suggest that the U.S. economic recovery may have run out of gas, David A. Rosenberg, chief economist and strategist at Gluskin Sheff & Associates Inc., said in a note.
Stock futures on U.S. indexes, which stopped trading at 9:15 a.m. EDT because of the Good Friday holiday, plunged after the Labor Department reported weaker-than-expected jobs numbers for March.
U.S. employers hired 120,000 workers in March, well below economists' forecast, and the smallest gain since October, signaling the economy could be losing momentum.
The head of Traxis Partners still believes U.S. stocks will head higher in coming months, but he's concerned about a near-term pullback as the European debt crisis intensifies and hopes for more Fed bond-buying dim.
The Federal Reserve's balance sheet shrank in the latest week, Fed data released on Thursday showed.