Investors interested in buying and selling U.S. bank stocks based on the performance of the underlying businesses might well have gone on holiday this week -- and might stay there next week.
Stocks resumed their ascent after a midmorning dip as oil began to recede and financials rallied.
Stocks resumed their ascent after a midmorning dip as oil began to recede and financials rallied.
The financial-driven rally lost steam, leaving stocks mixed, as oil rebounded and the Philadelphia Federal Reserve reported weaker-than-expected manufacturing activity in its region.
Stocks continued to rally Thursday, fueled by better-than-expected housing data and after three Dow components beat earnings forecasts.
Wells Fargo led U.S. bank shares to big gains Wednesday after reporting a surprisingly high profit and increasing its dividend.
The SEC issued its emergency ruling against naked short-selling Tuesday to build investor confidence regarding market information, SEC Chairman Christopher Cox told CNBC.
Stocks closed with huge gains as drop in oil prices boosted sectors previously battered by energy costs. Financials also moved sharply higher.
Stocks pushed higher as oil plunged for the second day in a row and financials staged an across-the-board rally that stemmed investor pessimism about the effects of inflation on the economy.
Stocks closed lower following a zig-zag day marked by a plunge in oil and a barrage of statements and news from economic policy makers, and a resurgence for the beaten-down financial sector.
Stocks fell sharply after Federal Reserve Chairman Ben Bernanke issued a dour forecast ahead for the US economy, saying more hard times are on their way that will pose a major challenge to policy makers.
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Stocks finished lower, led by financials, as investors worried that the bailout of Fannie Mae and Freddie Mac might not be enough to prevent further turmoil in financial markets.
Stocks finished sharply lower Friday as the market was rattled by concerns about the future of the nation's top mortgage-finance agencies.