Stocks declined as oil resumed its ascent and investors braced for the next batch of corporate earnings. A drop in home sales and a jump in jobless claims above the key 400,000 mark added some pressure.
Fannie Mae up 6 percent pre-open as the House overwhelmingly passed the housing bill. It will get new regulators for Fannie and Freddie, and authorizes the federal government to potentially invest billions in the two companies.
See what Beijing is doing to tackle its air pollution problems and listen to a CEO's comments on New York's real estate business. Following are today's top videos:
the Fed Beige Book describes the economy as having 'slowed." JD Power cut their outlook for auto sales, projecting a 12 percent dip in sales for 2008 compared to 2007 (to 14.2 million cars and trucks), which would be the lowest level since 1993
Cramer makes the call on viewers' favorite stocks.
The Dow closed at its lowest level in nearly two years after a downgrade on brokerage stocks and a slew of weak earnings and economic reports. Several Dow components and several financial stocks hit multiyear lows, with the biggest shock coming from GM, which fell to its lowest in more than 50 years.
The Dow dropped to its lowest level in nearly two years after a downgrade on brokerage stocks and a slew of weak earnings and economic reports. Several Dow components and several financial stocks hit multiyear lows, with the biggest shock coming from GM, which fell to its lowest in more than 50 years.
The Dow dropped to its lowest level in nearly two years after a downgrade on brokerage stocks and a slew of weak earnings and economic reports. Several Dow components and several financial stocks hit multiyear lows, with the biggest shock coming from GM, which fell to its lowest in more than 50 years.
Berkshire Hathaway’s annual meeting on Saturday puts Warren Buffett center stage for the third time this week. With more than $40 billion in cash, where will the Oracle of Omaha turn next?
Stocks finished higher for the week, helping major indexes transcend recent highs, as financials gained and the dollar showed signs of recovery.
Stocks turned higher Thursday afternoon as the dollar strengthened against the euro, pushing the Dow to its highest level since January. Ford jumped as investors cheered a profit from a U.S. auto maker. Shares of 3M skidded.
Stocks turned higher Thursday afternoon as the dollar strengthened against the euro, pushing the Dow to its highest level since January. Ford jumped as investors cheered a profit from a U.S. auto maker. Shares of 3M skidded.
Futures pared losses Thursday as upbeat economic reports helped offset disappointment in a pair of earnings reports from the tech sector.
Better-than-expected economic numbers this morning have moved futures up about 8 points; the dollar rallied and bonds dropped. Talk about food inflation -- Potash has been the beneficiary here. Same story from Bunge, one of the largest agribusiness companies.