NEW YORK— U.S. stocks are stabilizing a day after a steep drop as investors were encouraged by the latest wave of hiring. Procter& Gamble, Expedia and LinkedIn all rose after reporting better quarterly earnings than analysts were expecting. PerkinElmer fell after its sales missed analysts' forecasts.» Read More
NEW YORK, Feb 3- A weaker-than-expected report on U.S. factory activity slammed global equity markets and the dollar on Monday, pushing Wall Street stocks down more than 2 percent while keeping the pressure on battered emerging market assets.
NEW YORK, Feb 3- U.S. stocks slumped on Monday, with the S&P 500 suffering its worst drop since June, after weaker-than-expected data on the factory sector in the world's largest economy provided investors with the latest reason to move away from riskier assets. The CBOE volatility index jumped 16.5 percent to 21.44, its highest level since December 2012.
NEW YORK, Feb 3- U.S. stocks slumped on Monday, with the S&P 500 hitting its lowest level since October after weaker-than-expected data on the factory sector in the world's largest economy provided investors with the latest reason to book profits. The CBOE volatility index jumped more than 11 percent to trade above 20 for the first time since early October.
Wall Street, European stocks fall more than 1 percent. MSCI's all-country world equity index fell 0.72 percent while the pan-European FTSEurofirst 300 index of leading regional shares closed down 1.5 percent. MSCI's emerging markets index fell 0.9 percent to its lowest since August, a decline that was less of a fall than developed markets.
*U.S. factory data much weaker than expected. NEW YORK, Feb 3- U.S. stocks fell on Monday, adding to recent losses after data showed the factory sector in the world's largest economy expanded in January at its slowest pace in eight months. The CBOE volatility index jumped more than 9 percent to trade above 20 for the first time since early October.
"Results are running light, and negative announcements have been off the hook," one analyst said amid a spate of disappointing reports.
E-Trade's system crashed Wednesday, leaving furious clients unable to execute trades just ahead of a market-moving indicator.
Ford said it expects lower pretax profit in 2014, and that targets for global automotive operating margin are at risk.
Investors are fleeing the U.S. municipal bond market as it shrank to $3.6 trillion in the third quarter of 2013, the smallest since the end of 2009.
Sears Holdings said Friday that it will spin off its Lands' End clothing business as a separate company by distributing stock to the retailer's shareholders.
The S&P 500 is on track to reach 2,000, but the start of Fed tapering could provoke a fall of 10 percent or more, warned a senior investment analyst.
Wall Street's bulls may be partying hard on the prospect of a Washington debt deal, but the actual vote is likely to trigger a "sell the news" letdown.
JC Penney shares tumbled to their lowest in nearly 13 years after a Goldman Sachs report projected slow sales and liquidity trouble.
Twenty-two investment firms will pay more than $14.4 million in sanctions to settle SEC charges of illegal short-selling practices.
The financial sector stands within a whisker of recapturing the mantle as the $17 trillion U.S. stock market's heaviest hitter.
With many traders at the beach, the remaining bulls and bears will skirmish around this key level. Here's what's on tap for the week ahead.
Lululemon Founder and Chairman Dennis Wilson plans to sell off some of his shares, which would reduce his stake to 25% and net him nearly $220 million.
Active managers in both the mutual and hedge fund industries are badly underperforming their peers, and they have a mutual malady: a bad Apple.
There are rip-your-face-off rallies and then there are the rip-your-face-off retreats—the kind Wall Street experienced Thursday during a brief but vicious yen surge.
Higher interest rates are likely to keep Wall Street on edge, while Japanese markets are likely to keep the whole world on edge.