Stocks finished at session highs Thursday, logging a three-day rally led by financials, after the ECB announced new liquidity measures to support banks in the euro zone and as investors waited for the crucial monthly non-farm payrolls report at the end of the week.
Amid slumping consumer confidence, shoppers remained resilient, but retailers were reporting mixed results for September.
Thank you, Steve Jobs! You changed my life and millions of others.
Futures turned negative Thursday following ECB's President Jean-Claude Trichet's grim economic outlook at a news conference after the bank's Governing Council left its benchmark interest rate unchanged at 1.5 percent.
It is not just New York’s big shopping night out. London is buzzing today in anticipation of late night shopping combined with champagne, give-aways and celebrity sightings.
There were several issues weighing on stocks this morning, including a hotter-than-expected consumer price report.
Now that Europe's one-day summit is out of the way, the market focus may shift back to the U.S. economy and what is bothering stocks.
As we head into the thick of retail earnings season the threat of higher input costs is still weighing on investors’ minds. Most retailers were forced to start passing through select price increases in Q2, and we will hear just how that went over with the consumer as earnings hit the tape. While it is early in the game indications are so far so good.
U.S. futures, sideways overnight, wilted at 3 a.m. ET...about the time Europe opened. Coincidence? I don't think so.
Stocks backed off from their intraday highs, but still finished sharply higher Thursday after a pair of jobs news offered some hope that the employment picture was improving ahead of the critical government non-farm payroll report.
Stocks continued to gain into the final hour of trading Thursday after a pair of encouraging employment reports and stronger-than-expected monthly chain-store sales lifted investor optimism ahead of Friday's key employment data.
ADP numbers and better-than-expected June retail sales across the board put a smile back on retail investors’ faces today. So is it time to break out the champagne?
Stocks climbed Thursday, led by banks, after investors cheered a pair of employment reports that showed better-than-expected results and as retailers posted monthly chain-store sales that largely outpaced estimates.
Many retailers outpaced Wall Street estimates for monthly sales in June, according to early reports out Thursday.
Even though most consumers are just starting to work on their summer tan, retailers are already plotting how they will convince you come Black Friday that you can’t live without that must-have sweater, over-priced pair of boots or flat screen TV. With rising input costs, food inflation and continued heavy prices at the pump my prediction is The Grinch and Heat Miser will wipe the floor with the Snow Miser.
Stocks lost steam in the last few minutes of trading to close mixed Thursday ahead of the government's monthly jobs figure and after EU officials said no agreement has been reached on additional funding for Greece.
Stocks rebounded from earlier lows, but wavered ahead of the close Thursday ahead of the government's monthly jobs figure and after EU officials said no agreement has been reached on additional funding for Greece.
Stocks fluctuated on Thursday following mixed news on the economy a day after the market suffered its biggest losses since last August.
Thursday could be a big day for traders as the latest same-store sales data hits the Street.
Stocks ended higher despite mostly weak economic news and falling oil prices as LinkedIn became the first major U.S. social networking company to go public in a soaring debut.