Futures were hugging the flatline Wednesday as investors took a breather following to days of gains to see if EU officials could come up with a plan to deal with the region's debt crisis during a summit at the end of the week.
Stocks ended modestly higher, snapping a three-day losing streak thanks to news that gasoline demand was stabilizing, and as investors shrugged off weak economic news.
Stocks pared gains just before the close, but remained on track to snap a three-day losing streak thanks to news that gasoline demand was stabilizing.
Stocks gained despite further evidence of weakening in the nation's manufacturing sector and continuing concerns over the euro zone debt crisis.
Stock index futures pointed to a lower open for Wall Street on Wednesday as concerns over the euro zone debt crisis and fears of a Greek default in particular weighed on sentiment.
Today all eyes are focused on Apple stock. CEO Steve Jobs is once again stepping away from the company for health reasons, with a slight difference this time as the leave of absence carries an ‘indefinite’ label.
It's a big day for cable television — Martha Stewart, a queen of broadcast syndication, is moving to cable, kicking off a partnership with the Hallmark Channel. In a new five-year deal Stewart's signature show and other Martha Stewart Omnimedia programming will run on Hallmark Channel from 10 am to 6 pm. This speaks volumes about the business model for a brand like Stewart, and the changing television landscape.
CEO Charles Koppelman explains how product licensing is driving growth for this company.