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Stocks climbed Monday with the S&P 500 breaking through its 200-day moving average for the first time since early August following new global banking rules and a robust Chinese factory report. Microsoft and JP Morgan rose, McDonald's and Exxon fell.
Stocks gained Monday, with the S&P 500 breaking through its 200-day moving average for the first time since early August following new global banking rules and a robust Chinese factory report. Microsoft and JP Morgan rose, Mcdonald's and Exxon fell.
Stocks rose Monday following news banks will have a phased-in timeline to meet new international bank capital rules, although gains were capped as the market reached key resistance levels. JP Morgan and Bank of America rose, Exxon and McDonald's fell.
Global markets are up about 1 percent this morning, with many banks up 3 percent on the new Basel III capital requirements. ... Still, there is plenty of concern that some banks will not even be able to make this level of implementation.
U.S. stock index futures jumped sharply ahead of the open Monday, with bank stocks across the world rallying follow details of the Basel III banking capital rules and Asia particlarly strong following a jump in Chinese industrial output.
August same-store sales better than expected. Maybe those tax-free sales days made a difference: 17 states had at least one tax-free weekend in August, up from 13 last year, including big states like Florida, Illinois, and Massachusetts, and it looks like they made a difference.
Car rental company Avis Budget said Thursday it is raising the cash portion of its bid for Dollar Thrifty as it battles Hertz for the potential buyout.
S&P futures rose 5 points following a better-than-expected ADP employment report. The firm reported a slightly better-than-expected gain of 42,000 private sector jobs (vs. up 39,000 expected) in July, giving hope of a better government July jobs report on Friday.
Once again it seems market headwinds are whipping down Wall Street. Is the uptrend still alive?
Here's a roundup of corporate earnings reports for Tuesday. Aug. 3.
The monthly sales reports will be issued by car makers throughout the day and are expected to show an annualized selling rate of 11.4 million vehicles, up from 11.1 million last month.
Published reports suggest Sanofi-Aventis plans to press ahead with a formal offer for Genzyme. Also we've got details on the bid from Avis for rival Dollar Thrifty.
One possible scenario for Avis, which is far smaller than Hertz and also smaller than the company it is seeking [Dollar Thrifty] is for it to counter with the upcoming bid. While Avis is poised to give it a shot, it’s still a long one that it will come out of this winning the war.
Recent college grads are facing a tough job market again this year, but some companies and organizations plan to hire a good amount of entry-level workers in 2010.
Already markets are looking ahead to Friday's jobs report, as better U.S. economic data put some spring into stocks Monday.
The Dow jumped 1.3 percent Monday, its biggest gain in over two months, after some positive U.S. economic reports and details of a European financial rescue package for Greece.
The rental car industry is heating up, as Avis' chairman and CEO sends a letter to top executives at Dollar Thrifty.
Wall Street is bracing for Goldman CEO Lloyd Blankfein's testimony on Tuesday in which he will respond to fraud charges brought by the SEC.
Plus, get calls on the banks, autos, retail and more.
Financials faced serious headwinds Monday with Goldman presenting a real conundrum. Fundamentals are bullish but technicals are terrible. What matters more?