Wall Street is on inflation watch Tuesday. In fact, it is beginning to be on inflation watch everyday. The producer price index, the measure of inflation at the producer level, is released at 8:30 a.m. and is the only item on the economic calendar for Tuesday.
The week was chock full of economic angst and M&A intrigue. But one dark constant loomed over all ... rising oil prices.
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Stocks declined Tuesday as investors expressed their disappointment in Wal-Mart's outlook, HP's deal and a slew of other news. Surprising resilience in retail sales, excluding autos, helped curb losses. The Nasdaq eked out a gain, led by Yahoo.
Stocks declined Tuesday as investors juggled a mixed bag of news: Retail sales outside of the hard-hit auto sector showed suprising resilience, while a well-known analyst cut her outlook for big banks. Wal-Mart skidded after the discount giant posted decent results but issued a tepid outlook.
European equities ended slightly lower on Tuesday, as signs of resilience in U.S. retail sales was not enough to eclipse inflation fears that hit UK stocks, while banks fell on renewed concerns over asset writedowns.
Stocks declined Tuesday as investors juggled a mixed bag of news: Retail sales outside of the hard-hit auto sector showed suprising resilience, while a well-known analyst cut her outlook for big banks. Wal-Mart skidded after the discount giant posted decent results but issued a tepid outlook.
Following are the day’s biggest winners and losers. Find out why shares of Ford and Staples popped while iRobot and Apache dropped.
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Stocks pulled back in afternoon trading Wednesday, led by financials, as news on Ambac trickled out.
Stocks shot higher Wednesday after a better-than-expected reading on the services sector.
Stocks declined Tuesday, with financials taking a beating after news of more fallout from the subprime mess at Citigroup. Energy stocks also fell as oil prices receded.
Stocks declined Tuesday after dismal corporate news about Intel and Citigroup.