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Stocks finished the final trading day of 2012 with a sharp rally, as optimistic remarks from Senate minority leader Mitch McConnell and President Barack Obama overshadowed the possibility that the U.S. could go over the "fiscal cliff" at the end of the night.
Stocks eased off their lows but still finished in the red Wednesday, as weakness in the retail sector and ongoing worries over the looming "fiscal cliff" kept a damper on gains.
Stocks slumped nearly 1 percent on Friday, but closed off the worst levels of the session, after a Republican plan to avert the "fiscal cliff" fell apart, raising fears a deal will not be reached before the end of the year.
Stocks held losses Friday, dragged by techs, as investors remained on the sidelines ahead of the weekend amid ongoing worries over the looming "fiscal cliff."
Check out which companies are making headlines after the bell Wednesday.
PARIS, Oct 11- Carrefour SA:.
EDF Chief Executive Henri Proglio is expected to step down from French utility Veolia's board, French daily Les Echos reported. Europe's car market will not really recover without EU-led coordination of capacity cuts, Fiat and Chrysler Chief Executive Sergio Marchionne said, in an apparent back-track on comments he made at the Paris auto show last month.
DHAKA, Oct 9- Bangladesh's exports rose in September for the third month in a row thanks to improving garment orders, official data showed on Tuesday. Total exports for July-September, the first quarter of Bangladesh's financial year, were up 2.1 percent to $6.29 billion.
MOSCOW, Oct 5- British department store group Debenhams expects to generate a fifth of its overseas sales by 2015 in Russia, which is set to become Europe's biggest retail market. Debenhams, which has been increasing sales at home despite a recession there, returned to Russia in September, six years after pulling out of the country because it was losing money.
BRUSSELS, Oct 3- Belgium's largest supermarkets engaged in price fixing of personal hygiene products, including soap and toilet paper, an expert at Belgium's competition board has ruled. It can be expected that the fines will be substantial, "said Bert Stulens, auditor general for Belgium's competition watchdog.
If you’re a current Red Hat investor Wednesday’s earnings release must have felt like getting caught in the rain without an umbrella while wearing your favorite Borsalino.
For Goldman Sachs, the insider trading case against a former board member, Rajat K. Gupta, which ended in a conviction on Friday, was distracting and discomforting. At least until now, it has also been very expensive, the New York Times reports.
Check out which companies are making headlines after the bell Wednesday:
A nearly insatiable appetite for the latest personal electronic devices should enable the information technology sector to maintain its positive momentum for the next year.
With three major tech titans reporting earnings on Tuesday after the bell, trader Simon Bakers tells us to watch IBM. If Big Blue beats, look at this rival, he says.
Stocks in the S&P 1,500 that displayed unusual volume in Wednesday's trading session.
Even though the overall stock market remains on the quiet side, there is a tremendous amount of news, especially on the earnings side.
Take a look at some of Thursday morning's early movers.
With Europe on a fiscal austerity program, virtualization companies have come under pressure. This might be a good buying opportunity, several analysts say, according to TheStreet.com.
Cramer makes the call on viewers' favorite stocks.