Stocks rebounded Monday as investors' waning enthusiasm got a jolt from a report that showed the services sector has begun to expand. Plus, there was some bargain hunting after the market's two-week decline.
Stocks rebounded Monday as investors' waning enthusiasm got a jolt from a report that showed the services sector has begun to expand. Plus, there was some bargain hunting after the market's two-week decline.
Monday, 5 Oct 2009 | Posted By:
Joseph Pisani | Source: CNBC.com
With the economy showing modest signs of improvement, a number of companies that shed jobs during the recession are beginning to rehire the very same employees.
Stocks ended lower Friday as a dismal jobs report capped a string of disappointing economic reports this week, which cast doubt on the recovery. It was the market's second straight down week in which stocks have lost more than 3 percent.
Stocks tried to push higher Friday as the dollar's retreathelped the market but investors remained worried about the recovery in the wake of some disappointing economic reports.
The Dow fell more than 2 percent Thursday, it's largest one-day loss since right before the summer rally began, as a weak ISM reading rattled confidence in the recovery. Shares of both GE and Comcast fell amid buzz that the two are in talks about GE's NBC Universal unit.
Futures indicated a slightly lower open for Wall Street on Thursday, as caution over the state of U.S. recovery tempered anticipation that the global economy would gather momentum in the final three months of 2009.
Automotive steel has changed quite a bit since the first Model T rolled off the assembly line. Prompted by crash-worthiness requirements and the need to make cars lighter to improve gas mileage, automakers are replacing conventional steels with advanced high-strength ones.
The World Trade Organization on Friday handed the United States and European Union its long-awaited intial decision in their dispute over government financing for airplane makers.
Stocks skidded Friday after a disappointing report on consumer prices and as consumers' mood took a turn for the worse. The Dow finished down about 50 points on the week, snapping a four-week winning streak.That snapped the markets four-week winning streak:
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