Flashes of illumination rather than fireworks are expected at the annual meeting of top central bankers and economists in Jackson Hole, Wyoming.» Read More
The employment crisis is expected to worsen as companies stay reluctant to hire. Many economists expect a jobless recovery, putting pressure on President Barack Obama and congressional Democrats to stimulate job creation.
Stocks recovered after a quick dip at the open, though gains were modest. Chevron led the Dow pack after saying it expects profits to improve in the third quarter. And techs got a boost from some upbeat analyst comments on chips.
Despite a fairly aggressive round of Fedspeak, investors are paying only moderate heed to the notion that a change in policy is likely any time soon.
Can the bulls can generate enough momentum to drive the Dow over 10,000 next week, or are they're about to be sidelined by the dollar?
Stocks recovered from a quick dip at the open. Chevron led the Dow pack after saying it expects profits to improve in the third quarter. Tech stocks gained, fueled by chips.
Fissures are developing among policy makers at the Federal Reserve as they debate how and when to start raising the benchmark interest rate from its current level just above zero.
Friday marks a notable anniversary on Wall Street: it was two years ago - on October 9, 2007 - that both the Dow and the S&P 500 finished at their all-time closing highs. The Dow finished that day at 14,164.53, while the S&P 500 closed at 1565.15.
As the G20 world points fingers at the US for it's weak dollar policy, the Obama administration and Federal Reserve should take notice. It's not the specifics of a new world reserve currency or the specifics of pricing oil in non-dollar terms, it's the fact that it's being discussed that matters! The rest of the world is greatly and gravely concerned not only of the current US dollar decline, but also of the potential bigger decline yet to come.
Economic stimulus has been a friend to the stock market this year, but investors are worried that the two may be parting ways in the coming months.
Uneven economic news is spooking stocks this October, but third quarter earnings could be one factor that helps keep the market's 7-month rally intact.
Policy makers are likely to continue backing a weak dollar until the economy shows substantial improvement, Pimco's Bill Gross told CNBC.
Wall Street's bears have the upper hand ahead of Friday's September jobs report, expected to show a decline in September of about 200,000 non-farm payrolls and an unemployment rate of 9.8 percent.
The Dow fell more than 2 percent Thursday, it's largest one-day loss since right before the summer rally began, as a weak ISM reading rattled confidence in the recovery. Shares of both GE and Comcast fell amid buzz that the two are in talks about GE's NBC Universal unit.
The Dow and S&P 500 suffered their worst one-day fall in three months on Thursday after economic reports fueled fears about the recovery's strength.
Investors are closely analyzing comments from Fed Chairman Ben Bernanke trying to determine if the Fed is about to support a stronger dollar.
Mr. Bernanke tries to prop up the dollar while running a loose monetary policy; stocks fall. The dollar rallied as Mr. Bernanke said that the dollar could be at risk if we did not control the budget gap.
Stocks tumbled Thursday after a disappointing ISM report on manufacturing piled on to worries about the economic recovery.
Hedge funds, trying to separate themselves from the big Wall Street banks, are stepping up their efforts to head off new regulation from Washington. The New York Times reports.
Futures indicated a slightly lower open for Wall Street on Thursday, as caution over the state of U.S. recovery tempered anticipation that the global economy would gather momentum in the final three months of 2009.
On the last day of Sept. 2008, one of the wildest, scariest months in U.S. financial history, the Wall Street-Washington roller-coaster starts climbing again.