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Stocks ended mixed Wednesday as economic worries continued to rain down on the market and dampen the post-Gustav rally. All three major indexes had been negative for most of the day, but the Dow tip-toed over the line at the last minute, helped by a 5% gain in GM.
Stocks wobbled Wednesday as economic worries continued to rain down on the market and dampen the post-Gustav rally.
Stocks wobbled Wednesday as economic worries continued to nag the market and rain on the post-Gustav rally.
Stocks opened lower Wednesday as economic worries continued to nag the market and sabotage the post-Gustav rally.
The price of oil will spike back to $149 a barrel by the end of the year, despite its current slump and negative sentiment regarding demand for oil, Goldman Sachs wrote in a market report on Wednesday.
U.S. stock index futures pointed to a lower open for Wall Street on Wednesday after the previous session's post-Gustav rally fizzled out.
The Dow tumbled on Friday after a warning by computer maker Dell that companies worldwide are cutting back on technology spending spooked the tech sector.
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Maybe the financials have bottomed and maybe they haven’t, but either way it looks like more write-downs lie ahead.
Stocks finished higher in feather-light trading Wednesday, boosted by a rise in financials and energy stocks, as well as a better-than-expected durable-goods report.
Stocks advanced in light trading Wednesday, boosted by a rise in financials and housing stocks, as well as a better-than-expected durable-goods report. Earlier, stocks had swayed, torn between the encouraging durables report and oil's ascent amid the threat of tropical storm Gustav.
Lots of discussion about the "Fannie/Freddie mystery," i.e.: Why, if the common is worthless, have the stocks rallied 22 percent (for Fannie Mae) and 57 percent (for Freddie Mac) this week?
Stocks turned lower Wednesday as rising oil prices offset a better-than-expected report on durable-goods orders.
U.S. stock index futures bounced back after a better-than-expected report on durable-goods orders.
The Dow fell sharply on Monday as credit concerns hounded financial stocks while global growth worries hurt big technology and industrial companies.
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The Dow recorded triple digit gains on Friday due to a sharp plunge in the price of oil and talk that Lehman may soon attract a major investor.
The bank is suffering one setback after another, helping to prevent the market from finding any solid ground.
Three more more financial firms, including Merrill Lynch and Goldman Sachs, reached settlements over the sale of auction-rate securities, a $330 billion market that collapsed in February.