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Stocks were poised to close the session higher Friday after Egyptian President Hosni Mubarak resigned in response to demonstrations against his rule, helping lift investor sentiment and uncertainties surrounding the country.
Stocks gained Friday, paring earlier losses, after news that Egyptian President Hosni Mubarak waived his rights to presidency in response to demonstrations against his rule.
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U.S. markets are clinging to their gains this week, as money continues to flow into U.S. stocks. The Dow is up 1 percent this week while the S&P 500 and Nasdaq rise 0.8 percent. The Dow is poised for its 10th weekly gain over the past 11 weeks.
Stock index futures pointed to a lower open Friday after the U.S. trade gap widened in December and jitters over Egypt continued.
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Stocks ended mixed with the Dow snapping an eight-day winning streak as weak tech earnings weighed on the market. But hopes for a possible resolution to the political unrest in Egypt lifted equities off their intraday lows.
Stocks remained moderately lower Thursday, but hopes for a possible resolution in Egypt to the political unrest helped equities pare earlier losses.
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Stocks shaved earlier losses to trade mixed Thursday after news that Egyptian President Hosni Mubarak will step down and as investors saw the weakness as a buying opportunity.
When Hewlett-Packard executives announced their new mobile lineup of two webOS phones and a tablet on Wednesday, it reminded me of Apple. Apple 10 years ago, that is.
Stocks were set to open lower Thursday as a batch of weak earnings reports overshadowed the stronger-than-expected weekly jobless claims news.
Stocks pared their losses in the final minutes of trading to end mixed Wednesday, with the Dow finishing higher for an eighth-straight session.
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Hewlett-Packard is expected to announce a bold reset of its mobile strategy today, unveiling phones and at least one tablet based on the webOS platform it acquired along with Palm last year.
Stocks were under pressure Wednesday, led by energy, as investors took in some profits a day after the market closed at fresh 2-1/2 year highs.