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Wall Street sold off sharply in the final hour of trade after the Federal Reserve delivered little hope that it would turn on the easing spigots anytime soon and as a formerly rosy holiday retail season suddenly turned gloomy.
US stock index futures pointed to a slightly higher open for Wall Street on Tuesday as European shares edged up following a sharply lower close on Monday.
A fresh round of concern over European debt combined with some downbeat news out of the technology sector to send U.S. stocks sharply lower Monday.
US stock index futures pointed to a lower open on Wall Street Monday as credit rating agency Moody's Investors Service said it still expects to review its ratings on all European Union sovereign credit in the first quarter of next year, adding that last week's agreement by European policymakers offered few new measures to resolve the region's debt crisis.
In a gambit to promote its charitable work — and maybe polish its image, which has suffered since the financial collapse in 2008 — JPMorgan Chase is financing and sponsoring the “American Giving Awards,” which will be televised by NBC on Saturday night.
Stocks closed near their highs Friday, climbing steadily throughout the session, buoyed by a strong consumer sentiment report and as investors appeared to show relief after the euro zone's latest plan to solve its debt crisis.
Futures struggled to hold their gains Friday after the euro zone agreed to take a big step forward in economic integration, but failed to deliver a convincing answer to investors worried about its ability to tackle threatening debt crises in Italy and Spain.
Stocks added to declines in the final minutes of trading to log a sharp loss Thursday after Germany rejected some of the EU summit draft measures and as ECB President Mario Draghi's comments dashed hopes that the central banks would raise its bond purchases of debt-ridden European nations.
As large technology companies acquire smaller tech names that specialize in cloud computing, some think the future of tech is in “the cloud.”
Futures slipped after briefly spiking Thursday as comments from ECB's Mario Draghi appearing to step back from the idea of aggressive bond buying trumped the positive jobless claims news.
Stocks spiked in the final minutes of trading Wednesday following a report that the G20 is considering a $600 billion IMF lending program to euro zone, but came off their highs after the IMF denied the report. Investors were also closely waiting for the key EU summit at the end of the week.
A global corporation is no less likely to make questionable executive hiring decisions as the average small business, and CEOs of major corporations have the short tenures on their resumes to prove it.
Futures were hugging the flatline Wednesday as investors took a breather following to days of gains to see if EU officials could come up with a plan to deal with the region's debt crisis during a summit at the end of the week.
IP Chairman and CEO John Faraci talks to Cramer about the company’s growth and its pending merger with Temple-Inland.
Stocks closed mixed but finished off their worst levels Tuesday after a report that EU officials may be creating two separate rescue funds to help contain the region's ongoing sovereign debt crisis.
Futures held onto small gains Tuesday as optimism over a possible resolution to the euro zone debt crisis was tempered by a warning from ratings agency S&P’s that it could downgrade the credit ratings of 15 euro member states.
Stocks fell from their best levels Monday following a report that all 17 euro zone nations were told their ratings will be put on downgrade watch by the S&P, but still logged a modest gain at the close.
Futures jumped Monday as French President Nicolas Sarkozy and German Chancellor Angela Merkel meet ahead of a key summit and after Italy's new government unveiled austerity measures.
SAP's $3.4 billion acquisition of California based online software company SuccessFactors was "definitely" at the right price despite coming at a 52 percent premium, SAP co-CEO Jim Hagemann Snabe told CNBC.
Stocks erased most of their earlier gains to finish near the flatline in thin trading Friday, as investors booked profits ahead of the weekend following a robust rally all week. Still, all three major averages posted an impressive gain of over 7 percent for the week.
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