The greenback reversed earlier losses to trade higher against a basket of currencies on Thursday.» Read More
We appear to have had a rare 90 percent upside day, where 90 percent of the volume was to the upside, and 90 percent of stocks to the upside.
Stocks bounced back from their worst week ever as investors cheered a series of measures and cash injections by governments and central banks designed to prop up the banking sector and avoid a global meltdown. The Dow was up nearly 500 points, or more than 5.5 percent.
Big CEOs (Lloyd Blankfein from Goldman, John Mack from Morgan Stanley and Vikrim Pandit from Citigroup) are all meeting with officials from the Fed and Treasury at this moment to agree on a financial market stabilization initiative.
Stocks rallied at the opening bell Monday following a series of measures and cash injections by governments and central banks designed to prop up the banking sector and avoid a global meltdown. The Dow was up about 400 points, or 5 percent, within the first few minutes of trading.
As the markets come off one of their worst weeks ever, the CBOE Volatility Index has surged to record levels. When will things settle down?
Wall Street looked set to rally Monday following a series of measures and cash injections by governments and central banks designed to prop up the banking sector and avoid a global meltdown.
Federal officials assured Mitsubishi UFJ Financial Group that its planned investment in embattled Morgan Stanley would be protected, the New York Times reports.
Leaders on both sides of the Atlantic make bold promises to rescue the global financial system, but are still racing to work out the details to calm battered stock markets, the New York Times reports.
Stocks will take their cue from credit markets in the week ahead and whether they are responding to any of the government's efforts to thaw the glacial credit freeze.
The continued turmoil in the financial markets could spark a wave of mergers among banks and remaining brokerage firms in the coming weeks, according to Wall Street executives.
The Mad Money host lays out his strategy to get this economy and market back on track.
Treasury Secretary Henry Paulson says the government will now provide cash to financial firms in exchange for equity, as the government steps us rescue efforts.
After an exhausting week the Dow closed lower Friday to record its worst week ever.
After trading in a 1,000-point range for the first time ever, stocks ended the day with a whimper, closing slightly lower amid hopes that the holiday weekend could bring good news.
Heightened concern about the health of big institutions and the need for direct government support has led to some startling ideas. One of them follows...
After an amazing, nearly 700 point drop in the Dow, then a rally back into positive territory, it certainly had the FEEL of some kind of selling climax.
Wall Street tried to fight its way back from a precipitous opening drop, with volatility promising to cause violent swings as the market battled to break a seven-day losing streak.
As an example of why credit remains locked, overnight Japan's Yamato Life Insurance failed with debt of about 270 billion yen. Moody's has downgraded both Morgan Stanley and Goldman Sachs.
Traders are in agreement on two points: 1) We are not trading on fundamentals. Forced selling is causing many stocks to trade well below fundamental values; 2) traders do not have faith in 2009 earnings projections, which is making it difficult to value stocks.
The U.S. government could nationalize investment banks Goldman Sachs and Morgan Stanley, after confirming that it may buy stakes in financial institutions by the end of the month, Hugh Hendry, Partner and CIO at Eclectica, told CNBC.