Stocks tumbled Friday, giving back all of the gains from the prior session, as worries about the recovery escalated after a pair of reports on the consumer and as the dollar rallied. The Dow shed 250 points, or 2.5 percent, but finished flat for the month.
Stocks tumbled Friday, giving back all of the gains from the prior session, as worries about the recovery escalated after a pair of reports on the consumer.
Futures indicated a lower open for Wall Street on Friday, the last trading day of October, after the Dow experienced its best day in 3 months Thursday after GDP data showed the world's biggest economy exited recession in the third quarter.
Thursday, 15 Oct 2009 | Source: The New York Times
Even as the Dow Jones industrial average topped 10,000 for the first time since the financial crisis sent it tumbling, the NYSE and its hometown face an unsettling truth: the Big Board , the symbolic heart of New York’s financial industry, is getting smaller.
Tuesday, 13 Oct 2009 | Source: The Associated Press
NYSE Euronext and The Depository Trust Clearing Corp. said Tuesday they are creating a new fixed income derivatives clearing house to provide a single view of risk across asset classes.
It is the hot new thing on Wall Street, a way for a handful of traders to master the stock market, peek at investors’ orders and, critics say, even subtly manipulate share prices.