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Stocks slipped slightly from session highs but still closed broadly higher Tuesday, led by gains in the energy sector, following a handful of economic news that helped boost market confidence.
Stocks pointed to a higher close Tuesday after a handful of economic data helped boost market confidence and after Fed chairman Ben Bernanke said failure to raise debt ceiling could result in severe market disruption.
With few earnings and economics reports lately, the markets have been missing any catalysts to spark a move to the upside over the past 1.5 weeks. They are finally getting one today, and that’s leading to a broad-based rally with 8 stocks rising for every 1 that’s down.
Stocks rallied over 1 percent Tuesday following a handful of economic data that helped boost investor confidence and after China's robust industrial production report.
It’s over. The on-again, off-again battle between Hertz and Avis to buy Dollar Thrifty has effectively ended, given Avis' decision to spend a billion dollars in cash to buy Avis Europe.
After months of negotiations and delay, Avis Budget Group has finally received specifics from the Federal Trade Commission about what it must do in order to move ahead with any purchase of Dollar Thrifty Automotive Group.
Cramer makes the call on viewers' favorite stocks.
Dollar Thrifty Automotive will cooperate with Hertz to get antitrust clearance for Hertz's $2.25 billion acquisition offer for the smaller car-rental chain.
Economic prosperity comes from open markets and a "level playing field," James Dinan, chairman and CEO of York Capital Management, told CNBC Wednesday.
Stocks closed modestly higher as oil and precious metals staged a strong comeback, sending prices in the energy and materials sectors higher.
Stocks held firm gains in the final hour of trading on Monday as a rebound in oil and precious metals pushed energy and materials sectors higher.
Stocks traded slightly higher after fluctuating throughout the morning following Standard & Poor's downgraded Greece, reigniting worries about the health of the euro zone.
CNBC's David Faber has the details on Hertz' offer for Dollar Thrifty.
Stock index futures gained ahead of the open on Monday, rising in line with commodities as investors hunt for bargains after last week’s sharp losses for oil and silver in particular.
Nothing came out of the emergency meeting of European finance ministers over the weekend. Commodities are bouncing, including silver up 4-5 percent this morning.
Sony will likely cut production at five more plants and said they were considering temporarily moving some production overseas. Iron ore miner Rio Tinto noted that some steel mills have suspended operations in Japan. Egypt's stock market will reopen Wednesday, officials say.
As many households and small businesses are being turned away by bank loan officers, large corporations are borrowing vast sums of money for next to nothing — simply because they can, the New York Times reports.
Stocks declined after a volatile session, but ended the month with the best September results in 71 years. American Express and Caterpillar fell.
Stocks declined as the session end neared as quarter-end rebalancing, and profit-taking, caused the markets to waver despite positive economic news. American Express and Caterpillar fell.
Stocks extended losses on the last trading day of the session despite a series of economic reports providing evidence of returning strength in the U.S. economy. Caterpillar and Hewlett-Packard fell, while Boeing rose.