Some of the names on the move ahead of the open. » Read More
Some of the names on the move ahead of the open.
NEW YORK-- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:. Arch Coal Inc., up 78 cents at $8.09. Goodyear Tire& Rubber Co., down $1.28 at $11.02.
JOHANNESBURG, Oct 11- South African cement maker PPC Ltd said on Thursday it had appointed a former government official with experience in private equity as its next chief executive. PPC said Ketso Gordhan will join the board of the company on Nov. 1 and take over from outgoing Chief Executive Paul Stuiver on Jan. 1.
FINANCIAL NEWS: THOI BAO KINH TE VIETNAM. --Petrovietnam Finance Corp will buy 500,000 shares of Pha Lai Thermal Power Co by Nov. 10, the Ho Chi Minh Stock Exchange said. Petrovietnam Finance Corp owns 7.81 million PPC shares, or 2.39 percent of the latter firm.
Take a look at some of Friday's morning movers:
After a multi-week rally, grain prices slumped Tuesday, as traders caught a whiff of summer rain in the forecast, ahead of a major government crop report Wednesday.
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The Dow closed above 11,000 for the first time since early May on hopes the Federal Reserve would step in to spur economic growth. Alcoa and Caterpillar rose, while Bank of America and Kraft fell.
Stocks added to gains as the close neared, with the Dow rising above the 11,000 mark, as investors anticipated the weak jobs report would prompt the Federal Reserve to step in and spur economic growth. Alcoa and Caterpillar rose, while Bank of America and Kraft fell.
The Dow crossed the psychologically important 11,000 mark as investors anticipated the weak jobs report will prompt the Federal Reserve to spur economic growth. Alcoa and Caterpillar rose, while Verizon fell.
Stocks are sitting at 4-month highs as the Dow is still on pace for its best September since 1939 and its best quarter in a year. How good a month has it been? The Dow has only been down on 4 days in September — the fewest number of days in any month since April 2007.
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Despite weakness Monday, the vital signs of the recent rebound are quite impressive. And a few playable trends may have made themselves known...
The Dow pared its massive loss in the final hour of trading Monday after fear that the credit crisis is spreading rippled through world markets. The blue-chip index ended down about 370 points, after being down as much as 800 at one point.
The House rejected the Wall Street bailout bill and the market screamed, selling off frantically until the Dow was left with its biggest one-day point drop ever. "This is panic and ... fear run amok," Zachary Karabell, president of River Twice Research told CNBC. "Right now we are in a classic moment of a financial meltdown," he said.
The market screamed as the House vote on the Wall Street bailout bill teetered on the edge of a cliff — and then fell off. At one point, the Dow was down more than 700 points -- its second biggest intraday move on record.