|---------------------------------------------------------------------------|
| Dow : 10,136.63 down 122.36 | S & P : 1,089.41 down 13.65 |
| NASDAQ: 2,257.04 down 20.64 | Bond (10Y): 3.30% down 0.037 |
-----------------------------------------------------------------------------
MARKETS:
Stocks: New month, same malaise
Investors return from the holiday eager to shake off a brutal May and
all of its woes, but economic worries both domestic and abroad, remain
in place.
BP Official Says 'Top Kill' Effort Fails to Plug Gushing Gulf Oil
Well; Will Try Something Else [6:20 p.m. ET]
|---------------------------------------------------------------------------|
|Dow : 10,136.63 down 122.36 | S & P : 1,089.41 down 13.65 |
|NASDAQ: 2,257.04 down 20.64 | Bond (10Y): 3.30% down 0.037
|---------------------------------------------------------------------------|
MARKETS:
Dow ends worst May in 70 years
Stocks slide after Fitch downgrades Spain's debt, keeping European
growth issues in focus at the end of a brutal month.
FIVE-STAR MUTUAL FUNDS DON'T LIVE UP TO THEIR PAST
Many investors allocate money to funds by looking at products that
have four- or five-star ratings from investment researcher Morningstar
Inc., take that as a seal of quality, and hope for the best.
BEARISH SENTIMENT IS GOOD NEWS FOR INVESTORS
There's some good news for investors after weeks of whipsawed markets:
Bearish sentiment is at its highest in months.
CONGRESS MAY TWEAK SOME COLLEGE-SAVINGS-PLAN RULES
Parents are busy prepping their high-school graduates for college --
that should include catching up on the latest rules for 529 plans.
ENERGY REGULATOR GOES, OBAMA SAYS GULF TOP PRIORTY
The head of the controversial agency responsible for regulating
drilling the Gulf of Mexico, derided as too cozy with the energy
industry, quits just hours before scheduled congressional testimony.
BP 'SPILL COSTS TOP $900 MILLION
BP said Friday its price tag for the worst oil spill in U.S. history
climbed close to $1 billion as the firm continues its effort to plug
the blown out well that's been gushing at least 12,000 barrels a day
for five weeks.
U.S. income growth outpaces personal spending in April
05/28/2010 08:30:59 AM EDT
BP said Friday its price tag for the worst oil spill in U.S. history
climbed close to $1 billion as the firm continues its effort to plug
the blown out well that's been gushing at least 12,000 barrels a day
for five weeks.
Personal spending flat in April, government says, below analysts'
forecasts of a gain. Personal income rises 0.4%.
Oil drilling companies' shares fell hard Friday as the prospects for
an offshore exploration moratorium hung over the sector in the wake of
the Deepwater Horizon disaster in the Gulf of Mexico.
|---------------------------------------------------------------------------|
| Dow : 10,258.99 up 284.54 | S & P : 1,103.06 up 35.11 |
| NASDAQ: 2,277.68 up 81.80 | Bond (10Y): 3.34% up 0.120
|---------------------------------------------------------------------------|
MARKETS:
Stocks stage a big rally
Markets cheer after China says it will remain invested in European
debt. Dow surges 286 points. Nasdaq, S&P 500 gain more than 3%.
U.S. STOCKS RETURN TO RALLY AS CHINA WORRIES EBB
U.S. stocks jumped Thursday as the market looked past slightly
disappointing U.S. economic data to seize on signs that the eurozone's
debt problems could be contained.
WHY ISN'T BP HALTED DURING 'TOP-KILL' PROCEDURE?
It's been murky trading BP during the Gulf of Mexico oil spill at the
best of times. There's a case to be made for halting the trade of its
shares.
BP: TOP KILL RESULTS AWAIT, SPILL ESTIMATE JUMPS
BP Plc expects to know by the end of the day if its "top kill"
maneuver stops the oil spewing from its ruptured well at the bottom of
the Gulf of Mexico, as the government officially hikes its flow
estimate of the spill.
ENERGY STOCKS JUMP, BP RALLIES
Energy stocks rise as the broader equities market rallies, with
Transocean and U.S.-listed shares of BP back in the spotlight amid
hopes for stanching the flow of oil from a ruptured well at the bottom
of the Gulf of Mexico.
U.S. WEEKLY INITIAL JOBLESS CLAIMS DROP TO 460,000
The number of first-time claims for unemployment benefits falls 14,000
to a seasonally adjusted 460,000 in the latest week, the Labor
Department says. The four-week average of initial claims -- a better
gauge of employment trends than the volatile weekly number -- rises
2,250 to 456,500. Jobless claims would have to fall to about 400,000
to indicate a strong hiring trend, economists say.
WASHINGTON (AP) -- A White House aide has told the Associated Press
that President Obama will continue a moratorium on deepwater offshore
drilling for six months while a presidential commission investigates
the Gulf oil spill.
Obama on Thursday will also announce delays in drilling off the coasts
of Alaska and cancellations of pending lease sales off the Virginia
coast and in the Western Gulf.
|---------------------------------------------------------------------------|
| Dow : 9,974.45 down 69.30 | S & P : 1,067.95 down 6.08
|
| NASDAQ: 2,195.88 down 15.07 | Bond (10Y): 3.22% up 0.060
|---------------------------------------------------------------------------|
MARKETS:
Dow ends below 10,000
Stocks abandon gains to finish lower, with the blue-chip indicator
closing at its lowest point in more than 3 months.
COVINGTON, La. (AP) - BP on Wednesday launched its latest bid to plug
the gushing well in the Gulf of Mexico by force-feeding it heavy
drilling mud and cement. The oil giant's chief executive earlier gave
the procedure a 60 to 70% chance of working, and President Obama
cautioned Wednesday there were "no guarantees." BP spokesman Steve
Rinehart said the procedure known as a top kill, which has never been
tried 5,000 feet underwater, could take hours.
Dow ends below 10,000, down 72 points, after markets erase early
gains. Nasdaq and S&P 500 each lose 0.6%.
NEW HOME SALES AT HIGHEST LEVEL SINCE MAY '08
U.S. sales of new homes jump nearly 15% in April to the highest level
since May 2008.
U.S. DURABLE-GOODS ORDERS JUMP 2.9% FOR APRIL
New orders for U.S.-made durable goods increase a strong 2.9% in
April, marking the fourth such increase in the past five months,
according to the Commerce Department's latest data on demand for the
big-ticket items.
EMERGING MARKETS' PULLBACK IS MILDER THAN RIVALS'
Emerging markets are falling hard amid the selloff in global equities,
but developed markets are slightly outpacing their rivals' declines.
EUROPEAN SHARES REBOUND AS VOLATILITY CONTINUES
European shares bounce on Wednesday, with investors picking up shares
in banks and miners bruised by heavy selling in the previous session.
New home sales surge almost 15% in April to their highest annual rate
in nearly two years, government says.
|---------------------------------------------------------------------------|
| Dow : 10,043.75 down 22.82 | S & P : 1,074.03 up 0.38
|
| NASDAQ: 2,210.95 down 2.60 | Bond (10Y): 3.16% down 0.069
|---------------------------------------------------------------------------|
MARKETS:
Yahoo still searching for a strategy
The Internet giant appears to be stressing content over technology
once again. Analysts say that could be the right move but that Yahoo
needs to do more to become unique.
The FDA is investigating reports of at least 775 serious side effects
from drugs recalled by Johnson & Johnson.
Crude futures settle more than 2% lower at $68.75 a barrel
05/25/2010 02:46:37 PM EDT
U.S. STOCKS HIT HARD, TAKING DOW UNDER 10,000
U.S. stocks plummeted Tuesday as rising political tensions on the
Korean peninsula and sharper worries over the European banking system
sparked a broad selloff.
S&P 500 PLUNGES TO TEST MAJOR SUPPORT
After breaking down last week, the U.S. markets are still groping for
a floor. In fact, the Standard & Poor's 500 Index has dropped to
major support at the February low, and its response to this area
should set the near-term market tone.
PIIGS MARKETS ALL IN BEAR TERRITORY
Italian, Portuguese and Irish stock markets joined Spain and Greece in
bear market territory Tuesday, as markets across the Continent
suffered through another heavy wave of selling pressure.
LIBOR JUMP UNDERLINES RISING TENSIONS
The rate banks charge each other for short-term loans in U.S. dollars
hits another 10-month high, underscoring the sense of growing unease
over the possibility that Europe's sovereign-debt crisis could turn
into a banking crisis.
EUROPEAN STOCKS FALL BACK TO NINE-MONTH LOWS
European shares move broadly lower, with banks and miners taking the
brunt of the selling as investors fret over tensions in Korea as well
as problems with debt burdens and bank balance sheets closer to home.
Consumer confidence surges in May, helped by optimism about labor and
business conditions, Conference Board says.
U.S. STOCKS PRESSURED BY BANKS, HELPED BY TECH
Financials lead U.S. stocks lower on Monday as a Spanish bank bailout
spurs concerns over the health of European banks and questions
lingered over the final shape of the U.S. financial regulatory
overhaul. See full story.
SOUTH KOREA WON PLUMMETS AS TENSIONS ESCALATE
The South Korean won falls sharply agains the U.S. dollar following a
speech by President Lee Myung-bak suspending trade ties with the North
and condemning last month's deadly attack on a South Korea warship.
SOUTH KOREA WON PLUMMETS AS TENSIONS ESCALATE
The South Korean won falls sharply against the U.S. dollar following a
speech by President Lee Myung-bak suspending trade ties with the North
and condemning last month's deadly attack on a South Korea warship.
HU STRESSES CHINA'S WILLINGNESS TO REFORM YUAN
Chinese President Hu Jintao uses the kick-off of talks with the U.S.
to repeat Beijing's willingness to reform the yuan, offering an
apparent tick forward toward a more liberal currency policy.
CHINA , U.S. SEEN NEARING DEAL ON YUAN
Beijing may offer a major concession on its foreign-exchange policy in
talks with U.S. officials early next week, though analysts say it's
unlikely any official Chinese announcement on its currency would
immediately follow the three days of meetings.
|---------------------------------------------------------------------------|
| Dow : 10,193.39 up 125.38 | S & P : 1,087.69 up 16.10 |
| NASDAQ: 2,229.04 up 25.03 | Bond (10Y): 3.20% down 0.064
|---------------------------------------------------------------------------|
MARKETS:
Stocks stage advance
Investors redouble their efforts at the end of a choppy session one
day after a big sell-off left the Dow, S&P 500 and Nasdaq composite
in a correction.
U.S. STOCKS TURN POSITIVE, BOOSTED BY FINANCIALS
U.S. stocks are mostly higher in early action on Friday after
initially slipping, with euro zone worries still present, but the
market supported by financials after the U.S. Senate approves the
biggest financial overhaul since the 1930s.
GERMAN PARLIAMENT BACKS EU AID PLAN
Both houses of the German Parliament, to no great surprise, vote to
approve the country's contribution to the 750 billion-euro bailout
plan for euro-zone nations facing debt problems.
EURO BRIEFLY TURNS UP; AUSSIE REBOUNDS
Gains by the euro may be limited as investors await news out of a
gathering of European Union finance ministers in Brussels.
INTERVENTION POSSIBLE, BUT EURO TO CONTINUE SLIDE
Intervention can't be ruled out. But it would be unlikely to do more
than slow the euro's ongoing steep slide.
BULLETIN: U.S. stocks turn higher; Dow industrials up 100 points
05/21/2010 11:45:46 AM EDT
NEW YORK (AP) The stock market has had a huge selloff as more
investors woke up to the possibility that economic problems such as
Europe's debt crisis might spread around the world. The Dow Jones
industrial average is down 376 points, or 3.6%, at 10.068, its biggest
one-day drop since February 2009.
With Thursday's drop, the Standard & Poor's 500 is down almost 12%
from its 2010 high close of 1,217.28, reached April 23. The means the
stock market has officially had a correction, a pullback of 10% or
more from a recent high. It's the first correction since stocks
recovered from the 12-year lows they hit in March 2009.
The S&P 500 is down 43, or 3.9%, at 1,071. The Nasdaq composite index
is down 94, or 4.1%, at 2,204.
|---------------------------------------------------------------------------|
| Dow : 10,068.01 down 376.36 | S & P : 1,071.59 down 43.46 |
| NASDAQ: 2,204.01 down 94.36 | Bond (10Y): 3.26% down 0.095
|---------------------------------------------------------------------------|
MARKETS:
Stocks plunge as fear spikes
Dow and S&P 500 now down more than 10% off the recent highs, leaving
the major gauges in a "correction" along with the Nasdaq, on worries
about a 'double-dip' recession.
Markets tumble at the close, with the Dow shedding another 377 points,
as global economic fears deepen. S&P, Nasdaq down 4% each.
Far-reaching Wall Street reform bill clears key test: Senate votes to
end debate and move the legislation to likely final passage.
U.S. STOCKS FALL SHARPLY AS WORLD MARKETS TUMBLE
Stocks fall for a third straight session as investors around the globe
sell off a wide array of assets amid worries that Europe's debt crisis
is escalating.
THE NUCLEAR OPTION IS BACK ON THE TABLE
For 30 years Sweden stood proudly at the forefront of the world's
antinuclear movement. Now, in one of the clearest signs of a
nuclear-power renaissance sweeping the globe, it's striving to lift a
decades-old ban on new reactors.
NUKES: ATTITUDES CHANGE, BUT SAFETY ISSUES REMAIN
It's like a succession of airport security checkpoints on steroids to
get into a nuclear power plant, but questions remain about safety and
security at the facilities.
URANIUM AGLOW WITH NUCLEAR PLANTS SET TO MULTIPLY
Uranium prices have dropped about 70% from their highs in 2007, but
with Asia's drive for nuclear power going strong, and expected only to
strengthen further, there's plenty of opportunity for prices to return
to higher ground.
AMERICA'S NUCLEAR BUILDUP TAKES FIRST STEPS
The shovels are finally in the ground for America's first
nuclear-power generating plant in decades.
U.S. jobless claims climb by 25,000 to 471,000 -- highest level in a month
05/20/2010 08:35:30 AM EDT
Stock selloff accelerates, with the Dow plunging over 300 points in
first hour of trading. Nasdaq, S&P 500 sink over 3.3%.
Stocks sink at the open on worries over European debt. Dow plunges 170
points in first minutes of trading, Nasdaq slides 2%.
|---------------------------------------------------------------------------|
| Dow : 10,444.37 down 66.58 | S & P : 1,115.05 down 5.75 |
| NASDAQ: 2,298.37 down 18.89 | Bond (10Y): 3.36% down 0.017
|----------------------------------------------------------------------------|
MARKETS:
Stocks skid on global economic jitters
Investors remain unnerved after Germany bans 'naked' short selling.
Losses pared after Fed forecasts improving economy in latest minutes.
10% of all mortgages were delinquent in the first quarter, hitting a
new record, says mortgage industry group.
U.S. CONSUMER PRICES FALL 0.1% IN APRIL
Consumer prices in the United States fell 0.1% on a seasonally
adjusted basis in April as energy, housing, auto and apparel prices
declined, the Labor Department reports.
REGULATORS ON THE FLASH CRASH: IT'S COMPLICATED
If market regulators had a Facebook page to describe their
relationship with the investors, their status would be "it's
complicated.
REJECTION OF DEMOCRAT MEASURES MAY SLOW BANK BILL
The Senate is set to vote on a key motion that if approved could lead
to enactment of a sweeping bank reform bill by the end of the week,
but rejection of some Democratic provisions could cause a late
obstacle to final passage.
SEC PROPOSES CREATING UNIFIED STOCK-HALT SYSTEM
Top regulators and stock-exchange officials call for a unified
circuit-breaker system for all exchanges to halt or slow down trades
of a particular stock if the price moves 10% or more in a five-minute
period.
EUROPE SHARES DOWN AFTER GERMAN SHORT-SALE BAN
Europe stocks fall on Wednesday as a solo effort from Germany to crack
down on speculators highlights policy-making disparity in the region
and alerts investors to the possibility of a crisis.
Stocks open lower, following a selloff in world markets after Germany
announced a ban on 'naked' short selling. Dow falls 45 points.
Consumer prices edged down 0.1% in April due to falling energy
prices, government says; prices still up 2.2% for the year.
Thailand's 'Red Shirt' leaders end anti-government protest to prevent
more deaths: reports
05/19/2010 03:19:25 AM EDT
|---------------------------------------------------------------------------|
| Dow : 10,510.95 down 114.88 | S & P : 1,120.80 down 16.14 |
| NASDAQ: 2,317.26 down 36.97 | Bond (10Y): 3.38% down 0.096
|---------------------------------------------------------------------------|
MARKETS:
Stocks tumble as euro slumps
Market sell-off intensifies after the European currency falls to a
fresh four-year low versus the dollar, raising worries about Europe's
economy.
Euro falls to 4-year low of $1.219
05/18/2010 03:03:45 PM EDT
WAL-MART PROFIT BEATS VIEWS, LED BY OVERSEAS GAIN
The world's largest retailer's first-quarter profit rises a
better-than-expected 10%, driven by gains overseas, offsetting a
decline in U.S. sales.
ANALYSTS CAUTIOUS AHEAD OF ESTONIA'S EURO ADOPTION
In January, Estonia will likely become the 17th nation to adopt the
euro, but that will hardly cure all the challenges facing the tiny
Baltic economy, whose dramatic decline has pushed unemployment to a
record high.
EUROPE STOCK DROP HISTORICALLY NORMAL, BANK SAYS
The recent sell-off for European shares has been a normal bull market
correction, Morgan Stanley strategists said Monday, which means shares
could gain strongly from this point.
PORTUGAL'S UNEMPLOYMENT RATE RISES TO 10.6%
Portugal's unemployment rate rose to 10.6% in the first quarter,
official data showed on Tuesday, highlighting the economic challenges
the nation confronts at a time when it's under pressure to lower its
excessive deficit.
U.K. INFLATION HITS 17-MONTH HIGH, TRIGGERS LETTER
Consumer price inflation in Britain accelerates to an annual rate of
3.7% in April, rising from 3.4% in March and forcing Bank of England
Governor Mervyn King to write a letter to the government explaining
why inflation missed the 2% annual target.
Stocks open higher as investors focus on strong earnings from Dow
components Home Depot and Wal-Mart. Dow gains 64 points.
New home construction skyrocketed 40.9% in April, compared to last
year, U.S. says. And 15.9% more building permits were issued.
|---------------------------------------------------------------------------|
| Dow : 10,625.83 up 5.67 | S & P : 1,136.94 up 1.26
|
| NASDAQ: 2,354.23 up 7.38 | Bond (10Y): 3.47% up 0.030
|---------------------------------------------------------------------------|
MARKETS:
Stocks recover after euro rebounds
U.S. stocks finish higher as the euro gains ground. But jitters about
Europe's debt problems continue to linger.
The dollar holds small gains on most major currencies, though the euro
finds support after hitting a four-year low against the greenback.
Stocks recover from massive losses, with the Dow clawing back from
184-point drop earlier, as the euro gains against the dollar.
Crude falls 2% Monday to close at a 5-month low of $70.06 a barrel
05/17/2010 02:45:31 PM EDT
Supreme Court Rules Inmates Considered 'Sexually Dangerous' May Be
Held Indefinitely [10:59 a.m. ET]
U.S. STOCKS SLIDE FOR THIRD STRAIGHT SESSION
Wall Street extends losses after the euro falls to a four-year low and
a forecast from home-improvement retailer Lowe's Companies Inc. weighs
on sentiment.
GOLD FUTURES REVERSE DIRECTION TO POST GAINS
Gold futures shrug off early weakness but encounter some dollar headwinds.
EURO TRIMS LOSS AFTER HITTING 4-YEAR LOW
The dollar holds small gains on most major currencies, though the euro
finds support after hitting a four-year low against the greenback.
TREASURYS INCH UP AS EURO HITS FOUR-YEAR LOW
Treasurys squeeze out early gains, playing off U.S. data on net
foreign purchases of long-term securities as well as the latest moves
in dollar-euro trading.
MORE HOMEOWNERS OPT TO QUIT PAYING MORTGAGE
"Strategic defaults" are on the rise as more borrowers who are
underwater on their home loans decide it's not worth it to stay
current on their payments each month. That trend could have
repercussions for the housing market, and for borrowers, in the
future.
Company reports it has inserted a tube into the broken pipe leaking
oil into the Gulf of Mexico and siphoned off some of the oil to a
vessel on the surface, according to media reports.
|---------------------------------------------------------------------------|
| Dow : 10,620.16 down 162.79 | S & P: 1,135.68 down 21.76
|
| NASDAQ: 2,346.85 down 47.51 | Bond (10Y): 3.44% down 0.122
|---------------------------------------------------------------------------|
MARKETS:
Stocks take a hit
Market tumbles as concerns about Europe and the global economy send
the euro lower. But major indexes end higher for the week.
Dow sinks more than 200 points as worries about European debt deepen
and euro hits 18-month lows. Nasdaq, S&P 500 fall over 2%.
U.S.STOCKS DECLINE SHARPLY; EU DEBT WEIGHS
U.S. stocks slide as worries mount over Europe's ability to ease its
debt burdens and investors seek safer assets.
THE SECOND DEBT STORM HITS NATIONS
The financial crisis never really went away. The debt mountain that
brought down some of the world's biggest banks and dragged the
international financial system to the brink of disaster has simply
shifted to governments.
NEGATIVE CORE INFLATION IN SPAIN ADDS TO PRESSURE
Negative turn in core inflation for Spain spooks markets there.
Headline inflation, which includes food and energy prices, rises.
NOW IT'S PORTUGAL'S TURN FOR AUSTERITY MEASURES
Following on Spain's heels, the government in Portugal reportedly
reaches agreement on austerity steps aimed at slicing 2 billion euros
off the nation's 2010 budget deficit.
EUROPE AID PACKAGE BOOSTS BONDS, NOT EURO
Efforts by the European Union to put a halt to a financial market
crisis stop a steep drop in government bond prices, but do little to
shore up the value of the euro.
BP mounts new efforts to slow down if not stanch the oil spill that
began on April 22, when the Deepwater Horizon rig sank about 50 miles
off the coast of Louisiana two days after a deadly explosion and
spectacular fire.
Scientists and environmentalists reportedly believe the U.S.
government's estimate of the oil flow from the leaking Deepwater
Horizon rig in the Gulf of Mexico is unrealistically low.
|---------------------------------------------------------------------------|
|Dow : 10,782.95 down 113.96 | S & P : 1,157.44 down 14.23 |
|NASDAQ: 2,394.36 down 30.66 | Bond (10Y): 3.56% down 0.003
|---------------------------------------------------------------------------|
MARKETS:
Stocks finish lower
Investors try to find their footing after the recent rally.Weaker oil
and gold prices and a widening investigation into banks in focus.
APPLE SETS TREND AS SILICON VALLEY HOARDS ITS CASH
Though companies like Apple, Cisco and Microsoft have vastly different
business models and skill sets, they have all become particularly
adept at one activity: printing money.
BP RELEASES SUBSEA VIDEO AS COSTS REACH $450 MLN
BP's cost estimate for the oil spill in the Gulf of Mexico gushed to
$450 million on Wednesday, after the oil company released its first
subsea video of the accident showing oil and natural gas shooting out
of the broken pipe a mile under the ocean.
BP DROPS 'TOP HAT' PLUG INTO WATER
A two-ton "top hat" plug built by BP was lowered into the water on
Wednesday to attempt to cap off the oil leak in the Gulf of Mexico in
the next couple of days.
TECHS TRADE SIDEWAY AS CISCO SHARES FALL
Technology stocks trade flat in early morning activity, as shares of
Cisco Systems decline sharply after the technology giant reports a
disappointing outlook.
SAP DRAWS MIXED REVIEWS FOR SYBASE ACQUISITION
SAP AG draws mixed reviews from Wall Street analysts Thursday for the
company's plan to purchase business software vendor Sybase Inc. for
$5.8 billion in cash.
Number of people filing for first-time unemployment benefits falls
4,000 to 444,000, government says.
|---------------------------------------------------------------------------|
| Dow : 10,896.91 up 148.65 | S & P : 1,171.67 up 15.88
|
| NASDAQ: 2,425.02 up 49.71 | Bond (10Y): 3.57% up 0.032
|---------------------------------------------------------------------------|
MARKETS:
Stocks gain as European fears fade
Markets advance as investors refocus on domestic economy and corporate
earnings. Tech and industrial stocks lead the pack.
Liability for catastrophic events would increase under legislation
being sent by the White House to Capitol Hill as the Obama
administration continues to respond to the disastrous oil spill in the
Gulf of Mexico.
Energy stocks rise on Wednesday ahead of weekly supply data from the
Energy Information Administration and as the Obama administration
readied a legislative proposal to address offshore oil drilling.
Morgan Stanley loses 5% of market value in premarket trades following
investigation report
05/12/2010 08:51:10 AM EDT
|---------------------------------------------------------------------------|
| Dow : 10,748.26 down 36.88 | S & P : 1,155.79 down 3.94 |
| NASDAQ: 2,375.31 up 0.64 | Bond (10Y): 3.54% down 0.004
|----------------------------------------------------------------------------|
MARKETS:
Stocks seesaw in volatile trade
Market struggles after Monday's gains as investors consider the Europe
bailout in the aftermath of last week's plunge.
British Prime Minister Gordon Brown to Resign [2:27 p.m. ET]
Conservative Leader David Cameron Is Britain's New Prime Minister
Following Meeting With the Queen [3:36 p.m. ET]
GOLD HITS FIVE-MONTH HIGHS AS EU PLAN QUESTIONED
Gold futures Tuesday climb to five-month highs as investors consider
the implications of the European Union's rescue package and its impact
on Europe's common currency.
CHINA ANALYST SEES UNFOLDING CREDIT BUST
China's economy is teetering on the edge of a major slowdown, though
it's a collapse in credit rather than soaring real-estate prices that
will lead to distress, China strategist David Roche says.
CHINESE DATA ADD TO CASE FOR RATE HIKE
China's inflation rate accelerates in April, as consumer and producer
prices beat estimates, while data also show bank lending gathering
pace, raising odds for a rate hike and appreciation of the yuan.
OIL FUTURES BACK ABOVE $77
Oil futures shed earlier losses to rise above $77 a barrel on Tuesday,
extending gains from the previous session, as skepticism over Europe's
$1 trillion rescue plan faded somewhat, pulling the dollar off earlier
highs.
TUESDAY'S BIGGEST GAINING AND DECLINING STOCKS
Among the companies whose shares are seeing active trade in Tuesday's
session are Cirrus, Fossil and Priceline.
|---------------------------------------------------------------------------|
| Dow : 10,785.14 up 404.71 | S & P : 1,159.73 up 48.85
|
| NASDAQ: 2,374.67 up 109.03 | Bond (10Y): 3.54% up 0.110
|---------------------------------------------------------------------------|
MARKETS:
The panic is over. But for how long?
Sure, stocks surged Monday on hopes that a Europe crisis can be
avoided. But the events of the past week prove that it's going to be
tougher for stocks to keep climbing.
|---------------------------------------------------------------------------|
| Dow : 10,380.43 down 139.89 | S & P : 1,110.88 down 17.27 |
| NASDAQ: 2,265.64 down 54.00 | Bond (10Y): 3.43% up 0.031
|---------------------------------------------------------------------------|
MARKETS:
Stocks down on day, week, year
Markets drop as investors keep worrying about Greece in the aftermath
of the prior day's roller coaster ride. Nasdaq down more than 10% from
highs, a technical 'correction.'
Stocks' rocky week ends with 4th straight loss; major indexes now
lower for '10. Dow drops 142 points, Nasdaq dips 2.3%. S&P off 1.6%
U.S. STOCKS DROP SHAPLY. EXTENDING TUMULT
U.S. stocks plunge again Friday morning, as spooked investors
retreated from the market after a dizzying drop on Thursday, wiping
out year-to-date gains for the three major large-cap indexes.
GERMAN PARLIAMENT APPROVES AID FOR GREECE
Germany's parliament approves legislation Friday to contribute 22.4
billion euros to an international aid package aimed at staving off
bankruptcy in debt-laden Greece.
GOLD PRICES RESUME MARCH UP, AT FIVE-MONTH HIGHS
Gold is back at testing a record high at midday, as it changes
direction higher and pushes past the $1,200-an-ounce mark.
CITI SEES UP TO 20% CORRECTION OVER GREECE
Just hours after one of the most bruising sessions for Wall Street,
strategists in Europe painted a poor outlook for rebound prospects in
the near term.
WASHINGTON (AP) -- Employers stepped up job creation in April,
expanding payrolls by 290,000, the most in four years. The jobless
rate rose to 9.9% in April -- from 9.7% in March -- as people streamed
back into the market looking for work.
The unemployment rate rose in April, mainly because 805,000 jobseekers
-- perhaps feeling better about their prospects -- resumed their
searches for work.
Stock selloff intensifies as investors remain rattled. Dow sinks 100
points. Nasdaq slides 1.7%. S&P 500 falls 1.1%.
NEW YORK (AP) - The stock market has had one of its most turbulent
days ever. The Dow Jones industrials plunged nearly 1,000 points in
half an hour amid concerns that Greece's debt problems could halt the
world financial recovery, then recovered two-thirds of its losses to
close down 347 at 10,520. But all the major indexes lost 3% in a day
that recalled the market turmoil of the 2008 financial crisis. There
were reports that a technical glitch hastened the selling.
|---------------------------------------------------------------------------|
| Dow : 10,520.32 down 347.80 | S & P : 1,128.15 down 37.75 |
|NASDAQ: 2,319.64 down 82.65 | Bond (10Y): 3.40% down 0.152
|---------------------------------------------------------------------------|
MARKETS:
Dow's wild ride
Markets battered as faulty P&G stock quotes and worries about Europe's
debt problems spark selling. Intraday plunge of 997.21 is biggest in
history.
Wild day in markets ends with Dow down 355 points, Nasdaq and S&P fall
3%. Faulty stock quotes, Greek debt issue roil investors.
NEW YORK (AP) - Dow Jones industrials fall more than 800 points as
worries about Greece debt problems worsen.
Dow plummets 437 points as Greek protests spook investors; Nasdaq and
S&P losses grow above 4%.
A ship carrying a 100-ton, 40-foot tall structure to trap leaking oil
arrived at the site of BP's oil spill in the Gulf of Mexico on
Thursday, but attempts to install it remain days away.
U.S. STOCKS RETREAT FOR A THIRD DAY
U.S. stocks on Thursday tried but failed to halt declines from
extending into a third day as investors weighed the impact of Europe's
financial troubles on Wall Street.
PRODUCTIVITY SLOWS TO 3.6% IN FIRST QUARTER
With major cost-cutting efforts now in the past, the productivity of
U.S. nonfarm businesses slowed in the first quarter from 6.3% to a
still-healthy 3.6%, according to a Labor Department estimate.
INITIAL JOBLESS CLAIMS DROP 7,000 TO 444,000
The number of first-time applications for state unemployment benefits
fell by 7,000 last week to a seasonally adjusted 444,000, the Labor
Department reports.
FED'S BERNANKE OPTIMISTIC ABOUT BANK LENDING
There are some reasons for optimism about the outlook for bank lending
even though lending is still contracting and credit remains tight,
Federal Reserve Board chief Ben Bernanke says.
TRICHET KEEPS ECB NUKES IN THE SILO
The European Central Bank is right to hold off on buying debt of
euro-zone countries.
Stocks open lower as investors continue to be rattled by Europe's debt
woes. Dow drops 27 points.
U.S. initial jobless claims fall by 7,000 to 444,000; data help trim
premarket declines
05/06/2010 08:31:56 AM EDT
Bernanke sees reason for optimism in U.S. bank-lending outlook
05/06/2010 09:33:21 AM EDT
|---------------------------------------------------------------------------|
| Dow : 10,868.12 down 58.65 | S & P : 1,165.87 down 7.73 |
| NASDAQ: 2,402.29 down 21.96 | Bond (10Y): 3.55% down 0.063 |
-----------------------------------------------------------------------------
MARKETS:
Stocks mired in sell-off
Stocks extend losses Wednesday on more signs of a deepening crisis in
Europe. Moody's says it may downgrade Portugal's debt.
U.S. STOCKS SHAVE LOSSES AS FOCUS SHIFTS
U.S. stocks on Wednesday trim losses as investors widen their view to
include corporate results and the domestic recovery, even as Europe's
troubles depressed shares.
THREE REPORTED DEAD AMID VIOLENT GREECE PROTESTS
Greeks walk off the job in a nationwide strike against the
government's austerity measures, as Germany's chancellor makes the
case that Europe's future depends on helping Greece emerge from its
debt crisis.
TRICHET SCRAMBLING TO SAVE ECB CREDIBILITY
Jean-Claude Trichet will be fighting for the credibility of the
European Central Bank as well as the euro on Thursday as he faces
questions over the institution's decision to throw away collateral
rules for Greek debt, economists said.
EURO DROPS TO 13-MONTH LOW ON SOVEREIGN DEBT FEARS
The European single currency falls to the lowest in 13 months against
the dollar, battered by fears sovereign-debt woes in southern Europe
will spread.
Private-sector employers add 32,000 jobs in April, according to
payroll-processing firm ADP; 3rd consecutive month of gains.
|---------------------------------------------------------------------------|
| Dow : 10,926.77 down 225.06 | S & P : 1,173.60 down 28.66 |
| NASDAQ: 2,424.25 down 74.49 | Bond (10Y): 3.61% down 0.092
|---------------------------------------------------------------------------|
MARKETS:
Greece woes rattle world markets
Markets around the world fall as investors turn to safer assets amid
worries about Greece's bailout package.
Dow plummets 210 points in morning trading amid growing economic
concerns about Europe and China.
U.S. STOCKS DROP SHARPLY ON EURO-ZONE DEBT FEARS
Wall Street slides as worries over European national debts override
positive quarterly reports from companies including drug giants Pfizer
Inc. and Merck & Co.
TECH STOCKS LEAD MARKET LOWER; NASDAQ DOWN 2.4%
Technology stocks lead the market lower amid worries about the debt
situation in Greece and a report of a potential federal probe into
Apple's licensing requirements for iPhone app developers.
EUROPEAN SHARES TUMBLE AS GREECE WORRIES RETURN
European shares tumbled on Tuesday, with banks sharply lower as
worries about the financial health of Southern European countries
resurfaced, while miners were slammed by a proposed tax hike in
Australia.
EURO HITS FRESH LOW AMID BAILOUT DOUBTS, CONTAGION
The euro slips to a fresh one-year low as currency traders remain
unimpressed by the 110 billion euro ($145 billion) bailout of Greece
finalized over the weekend.
TREASURYS UP AS SOVEREIGN DEBT WORRIES RISE
Treasury prices gain Tuesday, pushing yields down, amid more concerns
that even as Greece gets a bailout, other countries in Europe face
similar financial problems.
|---------------------------------------------------------------------------|
| Dow : 11,151.83 up 143.22 | S & P : 1,202.26 up 15.57
|
| NASDAQ: 2,498.74 up 37.55 | Bond (10Y): 3.70% up 0.042
|---------------------------------------------------------------------------|
MARKETS:
Stocks start May strong
Market gains as investors hail $146 billion aid package for Greece.
Improved auto sales and stronger economic news help too.
Manufacturing index rose in April, purchasing managers' group says,
showing broader economic expansion.
Suspicious Vehicle in New York City's Times Square May Have Contained
Fire Bomb, Official Says.
> GREEKS PROTEST AUSTERITY CUTS IN MAY DAY RALLY
Greek protesters clash with police who fire tear gas during the
annual May Day rally in Athens, as anger mounts over austerity
cuts planned by the government.
> OBAMA TO VISIT GULF OIL SPILL AREA
U.S. President Barack Obama is considering a visit to the oil
spill area near the Louisiana coast as residents brace for the
oil slick creeping toward the shore.
> FIRST TAKSIM SQUARE MAY DAY IN 30 YEARS
Tens of thousands of union members and leftist political
activists gathered Saturday for the first legally-sanctioned May
Day celebration in Istanbul's central Taksim Square in 30 years.
> SOMALIA MOSQUE EXPLOSIONS KILL DOZENS
Twin explosions at a mosque in Somalia's capital on Saturday
killed at least 35 people and wounded many more, the African
Union's peacekeeping force in the country said.
> ARIZONA IMMIGRATION LAW REVISED
Arizona Gov. Jan Brewer signed a bill Friday that makes changes
to a controversial new state immigration law, saying the changes
should ease concerns about racial profiling.
> PROTESTERS TO RALLY ON IMMIGRANT RIGHTS
Demonstrations in support of immigrants' rights are scheduled
Saturday in at least 20 states, the District of Columbia and two
Canadian provinces.
> THOUSANDS OF MAOISTS RALLY IN NEPAL
Thousands of Maoist supporters swarmed into Nepal's capital
Saturday for a May Day rally that was also intended to press the
government to step down.
> CHINA SCHOOLS BRACED FOR MORE ATTACKS
A man attacked preschool children with a hammer in east China on
Friday, injuring five before setting himself on fire in a
classroom suicide, state media reported.
~~~~~~~~~~~
BUSINESS
~~~~~~~~~~~
> U.S. RAISES PRESSURE ON BP OVER OIL SPILL
The U.S. government is raising pressure on BP, pushing the oil
company to do more to stop well leaks gushing thousands of
barrels of oil into the Gulf of Mexico.
> GREEK PM: NATION'S SURVIVAL AT STAKE
George Papandreou told parliament on Friday that the adoption of
a three-year austerity programme was "necessary... for the
country's survival."
> SPAIN UNEMPLOYMENT TOPS 20 PERCENT
Unemployment in Spain has reached 20.05 percent, meaning 4.6
million people are out of work, the Spanish government announced
Friday.
