Strong manufacturing data and robust retail sales figures sent the S&P 500 to its highest level for 2009, on Tuesday – one year to the day since Lehman Brothers collapsed. Read More
The current three-month rally may have run out of steam as the Dow suffered a triple-digit decline yesterday, shedding 200.72 points or 2.35% to close at 8339.01. The Dow has closed with triple-digit losses three times so far in the past three weeks, and 31 times so far in 2009. This compares to 504 triple-digit in history, 84 of which occurred in 2008 including the largest 1-day point decline in history of 777.68 points or 6.97% on September 29. Read More
Following are the day’s biggest winners and losers. Find out why shares of McDonald’s and Arch Coal popped while Wells Fargo and Palm dropped. Read More