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Stocks ended up nearly a percent or more as investors flocked to stocks, pushing the market to new two-year highs for the first trading day of the year. BofA and Alcoa rise, while Coca-Cola slipped.
Stocks surged to new two-year highs as investors flocked to stocks, pushing all the major indexes up more than 1 percent on the first trading day of the year. Bank of America and Alcoa gained, while Coca-Cola fell.
Wall Street looks set to kick off 2011 with some strong gains. Stock index futures pointed to a sharply higher open, with many investing returning to the market following a week that saw volume hampered by a snowstorm in the Northeast and the holiday season.
Stocks ended just below record two-year highs with solid double-digit gains for the year after a quiet New Year's eve session that ended with the major indexes narrowly mixed. Alcoa and American Express rose, while Hewlett-Packard fell.
Stocks turned negative in the final minutes of trading, but were on pace to end the year just below record two-year highs with solid double-digit gains for the year amid thin New Year's Eve trading. Alcoa rose, while Hewlett-Packard fell.
Stocks pared losses as the Dow and S&P 500 rose amid thin New Year's Eve trading, as the markets struggled to end the year on an upbeat note. Alcoa and Verizon rose, while HP fell.
The Dow opened modestly lower on New Year's Eve, meaning an otherwise strong year for U.S. stocks could end on a negative note on the final day of trading for the year.
When the Stanford business professor Darrell Duffie co-wrote a book on how to overhaul Wall Street regulations, he did not mention that he sits on the board of Moody’s, the credit rating agency, the New York Times reports.
Stocks ended slightly down from Wednesday's record high levels, shrugging off news of economic strength from several economic reports. AmEx fell, while Alcoa rose.
Stocks stumbled from their record highs Thursday despite a handful of upbeat economic reports, although trading remained light in the final sessions of the year. AmEx fell, while Alcoa rose.
Stocks traded slightly down from record highs despite a batch of positive economic reports, including a surprising jump in pending home sales and a burst in Midwest manufacturing activity. AmEx fell, while Intel rose.
U.S. stock index futures strengthened but remained lower after the government reported a sharper than expected drop in jobless claims.
Groupon, the social buying site that spurned a $6 billion takeover bid from Google earlier this month, has attracted several big institutional investors as it works to potentially go public in 2011, people briefed on the matter told the New York Times.
Stocks pared gains in the final minutes of trading but still ended at new highs in light trading Wednesday as investors remained optimistic about the prospects for equities next year. McDonald's and Disney rose, while Alcoa fell.
Stocks continued to trade at new highs in light trading Wednesday as the closing bell approach despite an absence of fresh economic reports, as investors remained optimistic about the prospects for equities next year. McDonald's and Disney rose, while Alcoa fell.
Stocks continued to reach new highs Wednesday in an absence of economic data as trading volume continued to be light. McDonald's and Chevron rose, while P&G fell.
U.S. stock index futures edged higher ahead of the open Wednesday as investors braced for an auction of government debt following a weak Treasury auction in the previous session.
Facebook likes big numbers — it now has more than 500 million users, each one of whom can have as many as 5,000 friends. Yet as a privately held company, its ownership base must remain small, or it will have to disclose publicly its financial results, the New York Times reports.
Stocks closed mixed amid thin holiday trading after a couple lackluster economic reports on housing and consumer confidence. Chevron and HP rose, while American Express fell.