US stock index futures were pointing to a strongly higher open for Wall Street on Tuesday after a report showing German business optimism rising unexpectedly and as Spanish short-term financing costs fell sharply.
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Stocks finished narrowly mixed in a quiet session Thursday as investors took a breather following a sharp rally in the previous session and ahead of the crucial government non-farm payroll figure due Friday morning.
Stocks finished mixed in another thin, choppy session Friday, as investors were reluctant to commit to the market ahead of the weekend and amid ongoing nervousness over the debt talks in Europe and Washington.
Clearwire has $4 billion worth of debt from trying to build out its 4G wireless network, reports CNBC's David Faber. There's some question about whether it will be able to make its December 1st debt payment. Bankruptcy would be bad for Sprint, he says, because it relies on Clearwire for much of its wireless spectrum.
You're know you're in trouble when the markets go up on speculation you're resigning — that's what Italian Prime Minister Silvio Berlusconi is facing this morning. Berlusconi denied everything on his Facebook page: "The rumors of my resignation are groundless." Some in Berlusconi's party insisted that he had not lost a majority, but last week two deputies from his own party defected to another party. Reuters noted that he appears to 214 votes in the 630-seat lower house — that is not a majority. This may all come to a head tomorrow, when there is a budgetary vote.
Stocks recouped some of their losses in a volatile trading session Friday but still finished lower as investors digested a handful of headlines from the euro zone and ahead of a key confident vote in Greece.
Despite a failed attempt at the end of Friday's session to close the week out on a positive note, stocks finished higher on some tepid signs of recovery for the US economy.
With the government seeking to block AT&T's deal to buy T-Mobile, investors were scrambling Wednesday. Find out where the Fast traders see opportunity.
Stocks accelerated their selloff to finish near session lows in light, choppy trading Friday as investors were reluctant to remain in the market ahead of a weekend, amid worries over a global recession in addition to the ongoing euro zone jitters.