The Dow finished modestly lower Monday as anxious traders await news of the government's bank rescue plan.
Stocks ended mixed Monday as the much-anticipated bank-rescue plan was delayed for another day. Banks jumped amid hopes the bailout will save the stocks.
Cramer talks TARP, bad banks and rescue plans. Plus, new stock calls.
US stocks opened lower Monday as the much-anticipated bank rescue plan was delayed for another day.
Even now, with the recession deepening and markets on edge, Wall Street analysts say it is a good time to buy. Do analysts ever tell their clients to sell? The New York Times asks.
As Wall Street speculates about whether former investment banks will give back TARP money, Goldman Sachs rose in overnight trading after seeing heavy stock and options volume during Friday regular session.
US stocks looked set to hand back some of last week’s gains at the open Monday as the much-anticipated bank rescue plan was delayed for another day.
Hailed as the path forward for a Wall Street in disarray, the merger offered Merrill a chance to rebound from billions of dollars in mortgage-related mistakes, but it soured at lightning speed.
A wide range of measures to ease the credit crunch will be announced Tuesday and they may now include financial aid to several insurance companies, according to a source.
Cramer has a few ideas on how to rectify the president’s less-than-stellar first few weeks in office.
The plan will get "credit flowing again to families and businesses", the government says, and is also expected to include measures to aid financial firms.
Bank stocks rallied ahead of Monday’s expected announcement in which Timothy Geithner will spell out a "comprehensive plan" to stabilize the financial system.
The Dow rallied for a second day on Friday on hopes Washington's stimulus package and a bank rescue plan will bolster the ailing economy.
Stocks rallied Friday as traders shrugged off a huge drop in payrolls and banks soared. The Dow gained more than 200 points, or 2.7 percent. The S&P and Nasdaq gained nearly 3 percent each.
Despite hopes that the latest jobs report would force Congress to pass a stimulus plan, the markets remain pessimistic that anything can be done to fix the economy.
Bank of America won't need any more government bailout money and hopes to pay back the $45 billion it's received in three years, CEO Ken Lewis told CNBC.
It's buy the rumor on the stimulus package, the Geithner package, and hopes that mark-to-market will be modified.
More companies announced layoffs this week as the employment picture continued to dim. News Corp. became the latest victim of the weakening economy, announcing it is planning on cutting jobs after reporting a quarterly loss on Thursday.
Stocks opened higher as traders shrugged off a huge drop in payrolls and banks soared.
More companies announced layoffs this week as the employment picture continued to dim. GlaxoSmithKline and Tiffany & Co. on Thursday became the latest victims of the weakening economy, each cutting an undisclosed number of jobs.