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US stock index futures pointed to sharp gains for Wall Street Thursday as the market clawed back from a steep selloff Wednesday when the S&P 500 erased all its year-to-date gains amid concerns over the impact of Japan’s nuclear crisis.
As Japan’s nuclear crisis intensified Wednesday, governments across Europe remained at odds over whether to scale back nuclear power programs or continue plans to expand, reports the New York Times.
Stocks fell to the lows of the year on Wednesday in a volatile session driven by fears stemming from Japan's nuclear crisis. IBM and GE led the blue-chip index lower.
Stocks traded off the lows of the day, but remained sharply down in a volatile session after news reports that Tokyo Electric Power almost completed a power line that could restore electricity to the stricken nuclear power plant and potentially solve the immediate crisis. IBM and GE led the Dow lower.
The Mexican government said Wednesday it has allowed U.S. drones to fly over its territory to gather intelligence on drug traffickers.
Stocks trimmed losses after investors learned a European energy chief didn't have material information about the situation in Japan before saying the crisis was "out of control."
U.S. stock index futures slumped after news that inflation at the producer level rose more than expected, while housing start plunged, and as investors continued to digest the implications of a nuclear crisis in Japan and heightened tensions in the Middle East.
Stocks closed off the lows of the day, although still 1 percent lower, as buyers stepped into the market in afternoon trading even as investors remained unnerved by the escalating nuclear crisis in Japan. Intel and Cisco fell, while Chevron gained. .
Stocks significantly pared losses, although continued to trade lower, after the Federal Reserve reaffirmed intentions to continue stimulating the economy through bond purchases even as investors remained unnerved by the escalating nuclear crisis in Japan. Intel and Cisco fell, while Chevron gained.
The March 2011 earthquake off the coast of Japan has rocked international markets as the world tries to gauge the reality of the human and economic devastation in the country.
Stocks pared the worst losses of the day, although remain sharply lower, as the worsening nuclear crisis in Japan prompted investors to sell stocks across the globe and move into safer investments. GE and Intel led the blue-chip index lower.
U.S. stock index futures pointed to very large declines for Wall Street Tuesday, following Asian and European markets lower, as the worsening nuclear crisis brought sellers out in droves.
The U.S. State Department urged U.S. citizens on Tuesday to defer travel to Bahrain and suggested Americans there should leave due to ongoing political and civil unrest.
The Federal Reserve meets Tuesday at a time of widening economic risks: higher oil and food prices; unemployment near 9 percent; crises in the Middle East and Japan.
Insurance provider Aflac announced today that it had fired comedian Gilbert Gottfried, after he lampooned Japan earthquake and tsunami victims on Twitter.
Stocks closed lower, although considerably off the lows of the day, as investors assessed how the massive quake in Japan was likely to affect stocks and the global economy. GE and Verizon fell, while Caterpillar rose.
Stocks pared losses in the final hour of trading Monday as investors remained shaken in the aftermath of Japan's massive earthquake and tsunami. GE and Verizon fell, while Caterpillar rose.
Stocks slumped as investors assessed how the devastating earthquake and tsunami in Japan would affect U.S. companies and the global economy. GE sank, while Pfizer gained.
The world's biggest nuclear power is France, where 58 plants generate 75 percent of the nation's electricity.
U.S. stock index futures pointed to a lower open for Wall Street Monday as investors grew increasingly concerned over the economic impact of the devastating earthquake and tsunami that hit Japan Friday.