A big pharmaceutical deal is doing nothing to help stocks pre-open. Once again stocks overseas are being led down by banks.
At least two dozen US and European banks benefited from the rescue of AIG, with about $50 billion paid out to them since the Fed first gave aid to the insurance giant, the Wall Street Journal reported.
The number of job cuts continued to soar this week, reflecting the worsening US recession. The nation's unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs.
The number of job cuts continued to soar this week, reflecting the worsening US recession.
Stocks ended a yo-yo session lower Tuesday, with the S&P ending a few points below the 700 mark as investors remained on edge.
Stocks wobbled Tuesday as worries that sent stocks to 12-year lows on Monday persisted.
Despite a rash of recent cuts, playing dividends continues to be an important tool for investors, financial advisers say.
Stocks opened higher Tuesday, following the worst start to the month of March on record for the market. The latest government bailout of AIG pushed stocks to a 12-year low on Monday.
US stocks headed for a positive open Tuesday, following the worst start to the month of March on record for the market. The latest government bailout for American International Group helped to send stocks to a 12-year low in the Monday session as fears for the financial sector dragged on sentiment.
Global stocks were mixed Tuesday after the major selloff the previous day. Markets have been shaken by concerns that the global financial sector woes are deepening.
Deep concerns about the health of financials pushed the Dow Jones industrial average to another bear market low; its first drop below 7,000 in more than 11 years.
The Dow Jones Industrial Average hit its lowest level in 12 years, slipping below 7,000, then 6,900 and then 6,800, as another bailout of insurance giant AIG stirred fear about the stability of the financial system.
The Dow Jones industrial average fell below 7,000 for the first time in more than 11 years as investors grew pessimistic about the health of banks, and in turn the economy.
The Dow Jones Industrial Average opened at its lowest level in 12 years, slipping below 7,000 as investors grew increasingly skittish over the state of the stock market amid the wave of government bailouts.
Global stocks fell to nearly 6-year lows Monday, as the dollar hit a 3-year peak after HSBC announced a $17.75 billion rights issue and AIG got a $30 billion cash injection from the US.
Despite the jumps in banks' shares in morning trade following reports the U.S. government may seek to get 40 percent in Citigroup, experts tell CNBC banks still have skeletons in their closets.
Talk of more bank nationalizations and dampening economic data dragged global stocks to 3-month lows Friday. In the current market volatility, experts tell CNBC where they see short-term investment opportunities.
Bank stocks rallied ahead of Monday’s expected announcement in which Timothy Geithner will spell out a "comprehensive plan" to stabilize the financial system.
With European bourses down 2 to 3 percent on the first day of February, it's little wonder that European banks are again the weak link, with ING, UBS, HSBC and Barclays down 5 to 8 percent pre-open.
Futures have been holding impressive gains overnight, on top of a three-day gain, as markets are expecting news on several fronts.