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Stocks closed modestly lower in a volatile session as market participants weighed better U.S. economic data against the fears the Fed may soon start to curtail its bond buying.
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Orders for long-lasting U.S. manufactured goods rose more than expected, a sign of resilience despite belt-tightening in D.C. and weakness in overseas markets.
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Asian shares were mostly higher, back to earlier gains on Friday, after the Nikkei plunged as much as 3 percent at one point in another volatile trading day.
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The huge volatility in the Japanese market is not surprising given the aggressive monetary policies put in place in the country over the last six months, St Louis Federal Reserve Chairman James Bullard told CNBC.
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A magnitude 8.2 earthquake struck Russia'a Far East in the Sea of Okhotsk off the Kamchatka Peninsula, according to the U.S. Geological Survey.
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Procter and Gamble said it is bringing former CEO A.G. Lafley out of retirement to be its new Chairman and CEO, effective immediately.
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U.K. banks are still lending too little to the real economy, according to Andrew Haldane, the BoE's executive director for financial stability.
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Lois Lerner, the IRS official whose unit is at the center of the alleged Tea Party targeting, has been placed on administrative leave and an acting director has been named.
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Check out which companies are making headlines after the bell Thursday:
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Clothing-store chain Gap delivered earnings and revenue that beat Wall Street expectations, an encouraging sign for the recovering retail sector.
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Pandora hit its earnings target and delivered revenue and an outlook that topped expectations. Shares rose sharply after-hours.
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The department-store chain saw its loss more than quadruple — a big miss compared to what analysts had expected. Revenue, however, beat. Shares fell sharply after-hours.
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Initial claims for unemployment benefits dropped 23,000 to a 340,000, pushing back below the mark that economists normally associate with a firming job market.
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Stocks closed modestly lower in a volatile session as market participants weighed better U.S. economic data against the fears the Fed may soon start to curtail its bond buying.
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Three more senior executives at the hedge fund have received subpoenas to testify in the government's probe into alleged insider trading, according to a report.
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U.S. stock index futures signaled a lower open on Thursday, on fears the Federal Reserve may begin tapering-off its bond purchases in the near future.
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Sales of new homes rose to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.
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Check out which companies are making headlines after the bell Tuesday:
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Confidence returned to most Asian stock markets on Wednesday after investors were reassured that global central banks would not pare down their economic stimulus programs.
