Shares of RadioShack Corp. jumped on Monday, after the electronics retailer said it would start selling the iPhone, and an analyst upgraded the stock to "Outperform" saying the move would boost customer traffic.
Stocks struggled Tuesday as energy stocks rose along with oil prices. But consumer-discretionary stocks dragged on the market after a disappointing consumer-confidence report.
Futures indicated a mixed open for Wall Street on Tuesday, with the tech-heavy Nasdaq due to begin the day in negative territory while the Dow Industrial Average and the S&P 500 index are expected to open higher.
Monday, 26 Oct 2009 | Source: The Associated Press
RadioShack Corp. said Monday that its third-quarter profit slipped 24 percent as the company closed some kiosks and dealt with a continued pullback in consumer spending.
Futures pointed to a higher open for Wall Street on Monday as a new week brings another heavy dose of corporate earnings, following the first weekly loss in three for the U.S. stock market's major averages.
Stocks eked out a gain Monday as banks got a boost from a jump in new-home sales. Stocks had struggled for much of the day as investors worried about a a record $200 billion in Treasury auctions this week and lowered outlooks from Honeywell and Aetna cast a shadow over the market.
The Dow poked into positive territory Monday afternoon, led by Bank of America, as a jump in new-home sales buoyed bank stocks. Still, the blue-chip index struggled to stay above water as worries about a record $200 billion in Treasury auctions this week and lowered outlooks from Honeywell and Aetna cast a shadow over the market.
Stocks got a quick pop Monday after a sharp jump in new home sales, but quickly resumed their decline as lowered outlooks from Honeywell and Aetna cast a shadow over the market.
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