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.
Stocks retreated Tuesday as weak readings on manufacturing and jobs offset a a report that showed the economy wasn't in as bad a shape as first expected over the summer.
Futures indicated a positive open for Wall Street on Tuesday, the last day of the third quarter, as European stocks rose and were set to lock in their best quarterly performance in nearly a decade.
The Dow capped another down week with a loss Friday as investors shrugged off a surge in consumer sentiment and instead focused on the fact that consumers are squirreling away their money at a feverish pace. But techs gained after encouraging earnings from Palm.
Stocks declined Friday as investors shrugged off a surge in consumer sentiment, instead focusing on the fact that consumers are squirrel away their money at a feverish pace. But techs gained after encouraging earnings from Palm.
Futures pointed to a lower open for Wall Street Friday, despite the fact that stocks in Asia and Europe rallied on the back of higher commodities and metals prices.
Stocks had their best day in weeks Thursday after solid demand for another Treasury auction and encouraging earnings reports from retailer Bed, Bath & Beyond and homebuilder Lennar.
Futures indicated a slightly negative open for Wall Street Thursday after the Federal Reserve cautioned that the U.S. economy would remain weak for a time, adding concerns about the sustainability of a recent recovery.
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