Stocks finished lower Friday, despite a last-ditch attempt to rally, as technology shares took yet another hit — this time it was weak earnings from PC maker Dell. Still , for the week, the Dow gained about 50 points.
Stocks declined Friday as technology shares took yet another hit — this time it was weak earnings from PC maker Dell. Merck was among the few gainers today as investors moved into classically safe bets like health care, consumer staples and utilities.
Stocks are being held hostage by the dollar and the S&P 500 is in a "struggling trend" that could push the index lower or lead to "horizontal" gains, Bill McLaren, independent trader, told CNBC.
Some of Goldman Sachs Group's largest shareholders have asked the company to cut the size of its bonus pool and pass along more of its profits to investors, the Wall Street Journal reported, citing people familiar with the situation.
U.S. carmaker General Motors will present a new viability plan for Opel in mid-December as it aims to reduce capacity across Europe by about 20 percent, a top executive said on Thursday.
Oil fell nearly 1 percent on Friday as a stronger dollar weighed on prices and falling equities raised concern about the economy and the outlook for energy demand.
Shares of Sony Corp fell to their lowest in nearly four months on Friday after the electronics maker announced a new business strategy that failed to encourage investors of its growth prospects.
Asian stocks stumbled on Friday, after stocks on Wall Street fell for a second straight session on renewed concerns a U.S. economic recovery was losing momentum.
Wall Street firms have started bring new workers on board, but executives claim they can't find top talent despite the thousands of professionals out of work.