WASHINGTON (AP) - The House of Representatives has passed a sweeping
rewrite of financial regulations, setting the stage for a final vote
in the Senate where votes for the far-reaching bill remained in flux.
The legislation creates a new federal agency to police consumer
lending, sets up a warning system for financial risks, forces failing
firms to liquidate and lays out new rules for instruments that have
been largely uncontrolled.
Wednesday, June 30, 2010
Breaking News: House OKs sweeping financial regulatory bill
Market Briefing Newsletter for Wednesday, 06/30/2010
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| Dow : 9,774.02 down 96.28 | S & P : 1,030.71 down 10.53 |
| NASDAQ: 2,109.24 down 25.9 | Bond (10Y): 2.95% down 0.016
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MARKETS:
Stocks dive as second quarter ends
A disappointing report on private-sector jobs drains some
Positive momentum, and end-of-quarter selling sparks late drop.
Europe set to end downbeat quarter on weak note
EUROPE SET TO END DOWNBEAT QUARTER ON WEAK NOTE
European shares trade broadly lower to cap a bearish second quarter,
primarily playing off a weaker-than-expected reading on U.S.
employment in the private sector.
U.S. STOCKS FLUCTUATE AS SECOND QUARTER ENDS
A disappointing report on private-sector jobs weighs on investors, but
the major indexes manage to eke out small gains.
TREASURYS UNDER PRESSURE AS STOCKS WAVER AFTER ADP
Treasury prices came under pressure on Wednesday after ADP said the
U.S. private-sector added far fewer jobs than economists expected.
CHICAGO FED'S EVANS 'WARY' OF MORE ASSET PURCHASES
Charles Evans, president of the Chicago Fed, is "wary" of calls for
further central-bank purchases of assets aimed at stimulating the
economy. He also dismisses fears that the U.S. recovery is faltering.
HURRICANE ALEX SENDS OIL TO GULF COAST BEACHES
Hurricane Alex, which strengthened overnight from a tropical storm, is
sending oil from the BP spill toward Gulf coast beaches, reports said
Wednesday. The storm, currently a Categrory One hurricane, is
projected to make landfall late Wednesday or early Thursday, probably
in northeastern Mexico, according to forecasters.
Private-sector jobs increase by 13,000 in June, says payroll-processing firm ADP, much lower than economists expected.
Private-sector jobs increase by 13,000 in June, says
payroll-processing firm ADP, much lower than economists expected.
Tuesday, June 29, 2010
Markets, Tuesday, 06/29/2010
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| Dow : 9,870.30 down 268.22 | S & P : 1,041.24 down 33.33 |
| NASDAQ: 2,135.18 down 85.47 | Bond (10Y): 2.97% down 0.065
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MARKETS:
Stocks slammed by global slowdown fears
Dow slides as much as 326 points, while the S&P 500 falls below 2010
closing lows. Worries about global growth send euro tumbling. 10-year
note yield falls to 14-month low.
Home prices rise 3.8% in April, compared to a year earlier, but are still down 30% from the peak, says S&P/Case-Shiller report.
Home prices rise 3.8% in April, compared to a year earlier, but are
still down 30% from the peak, says S&P/Case-Shiller report.
Breaking News: Stocks tumble on world economy concerns
NEW YORK (AP) - Stocks and interest rates tumbled Tuesday after signs
of a slowing global economy spooked traders. The Dow Jones industrial
average fell nearly 270 points in trading to fall below 10,000 for the
first time since June 10. The Dow and other major indexes each lost
more than 2%.