With October's recent stock market rally, it was no September to remember for Legg Mason. The manager of $612 billion in assets had a 25 percent drop in net income as falling stocks prompted its institutional investors to pull out or rebalance their portfolios. But in October, "things are looking a lot better," Chief Executive Mark Fetting told CNBC Friday.
Many investors have been tested this year, as a confluence of events, from natural disasters to an unexpectedly weakening economy, has pummeled stocks. A report from TheStreet details four high-profile, respected fund managers who have struggled this year.
S&P futures popped about 6 points when initial jobless claims for the week, at 398,000, were lighter than expected. Stocks are oversold—some agreement on the debt ceiling should lead to a gap up.
Who says nothing of importance happened on Thursday? Plus, a call on Lululemon Athletica.
Stocks trimmed losses to end narrowly mixed Thursday as Treasury prices firmed and the dollar stabilized. McDonald's and DuPont fell, while BofA rose.
Stocks eased losses ahead of the close Thursday as Treasury prices firmed, but gains were limited by a stronger U.S. dollar. DuPont and McDonald's fell, while BofA rose.
Stocks declined Thursday as Treasurys erased most of their gains ahead of a 30-year bond auction and despite evidence the U.S. economy continues to improve. DuPont and Travelers fell, while BofA rose.
What follows is a roundup of corporate earnings reports for Wednesday, Oct. 27.
By Monday’s close the bulls were claiming victory after the Dow turned positive for the year and the S&P broke above a key technical level. Are the bears going into hibernation?