Futures started the day lower as investors bailed out of Citigroup, then slipped further after a report showed economic growth slowed more than previously expected.
The Dow fell in volatile trade on Thursday with Merck being one of the biggest drags on the blue chip index, as investors worried that the budget proposal could strangle profits.
It was another down day on Wall Street as health-care stocks tanked amid worries that President Obama's budget will clamp industry profits.
Bank of America is looking to sell First Republic Bank, a private bank it inherited from Merrill Lynch, according to a report by the Wall Street Journal.
Stocks shot up after investors cheered remarks from President Obama that the budget sets aside more money for banks if necessary.
This morning's weekly employment numbers showed initial jobless claims hitting 667 thousand new claims.
US stock index futures pointed to a strong open Thursday as investors grew more comfortable with the government's plans for the nation's banking system. But a pair of dismal economic reports made a slight dent in gains.
Could it be? And if so, will it continue? Cramer says there’s reason to think it might.
The Dow closed lower on Wednesday after President Obama warned of stricter oversight for Wall Street, raising the specter of greater regulation that investors fear could sap profits.
Stocks declined Wednesday as a late warning from President Obama about stricter oversight for Wall Street knocked major indexes off their highs for the day.
Wednesday: As the state of financials continues to worry the markets, Fed Chairman Ben Bernanke said the U.S. has no plans to nationalize Citigroup. Wealthy Americans are suing UBS to keep their names secret (as a $31 billion UBS order went wrong) and Congress is considering a housing bill that'd let judges erase mortgage debt. Experts told CNBC that America needs more infrastructure in the stimulus bill — and that there won't be a recovery until housing improves.
Investors looking to pile back into bank stocks Wednesday drew a warning from investment pros: Watch your step.
Federal Reserve Chairman Ben Bernanke said on Wednesday there was no plan to nationalize troubled US bank Citigroup, causing stocks on Wall Street to trim losses briefly.
Everybody's a critic when it comes to fixing this economy. But it takes a real "Macho Man" to get this economy humming again. Well, a "Macho Man" impersonator, anyway.
With all the doom and gloom about the financial system, you'd think banks would be failing at a furious pace. They're not. Here's why and how that may be about to change.
US stocks looked set to give back some the gains from the previous session at the open Wednesday, after Federal Reserve Chief Ben Bernanke soothed investors by stepping back from bank nationalization plans and saying the recession may end this year.
You know about the growing call for nationalization. Now find out why someone who’s been through nationalization says it’s the wrong move.
Stocks jumped on Tuesday after Ben Bernanke delivered a big dose of relief when he signaled that nationalization of big banks was not at hand.
Investors enjoyed a Fat Tuesday of their own, reclaiming most of the prior session's losses, after Fed Chairman Ben Bernanke indicated that all-out bank nationalization wasn't part of the goverment plan.