No sales, no recovery
08.10.09
More and more economists are talking about how they think the economy actually grew in the third quarter. Unfortunately, it might be hard to find evidence of that once companies start reporting their latest quarterly results.
After hitting a new 7-month low earlier in the day, oil prices rebounded as investors looked ahead to the expiration date of the active futures contract. There is no way around it. This is the worst job market in years and it's going to get even tougher.
Stocks were poised to open on the higher side Monday at the start of a week full of corporate results, key economic reports and the Federal Reserve meeting.
The S&P 500 and Nasdaq are up for the year after a rough stretch from mid-January to early February. The Dow had joined them earlier Wednesday before pulling back. The dollar weakened against major currencies Thursday as the pound got a lift from the Bank of England's rate cut and investors considered bleak economic news from Europe. The Bank of England lowered its key interest rate by half a percentage point to 1.5% Thursday, the lowest rate in the bank's 315-year history.
Stocks slumped Wednesday after weak labor market reports and dour forecasts from Alcoa and Intel gave investors reasons to retreat after the recent rally.
Trading was mixed Friday in Asian and Pacific markets, with Japan's Nikkei index and South Korea's KOSPI index down over worries about the U.S. economy.
The euro recovered from earlier losses Thursday amid speculation that the European Central Bank could intervene in the currency market, following signs the Swiss National Bank is already doing so. Read full story for latest details.
It's one of the truths of mutual fund investing: You buy the manager as much as the prospectus. So it pays to have someone you trust.
Treasurys fell Monday after the government received strong demand for its sale of $7 billion worth of 10-year Treasury Inflation Protected Securities.
Oil prices fell around $70 a barrel, as investors remained wary that Europe's debt crisis and growing oil stockpiles will cut demand for fuel.
Money manager Ron Muhlenkamp gets a lot of credit for his bold, macro-driven investing style, and he deserves it: His namesake fund has returned 9% annually over the last 15 years, 2% better than the S&P 500. Wall Street's key measure of volatility skyrocketed on Thursday, as all major stock indexes plummeted on concerns about the European debt crisis.
Gold surged to a record high Tuesday after a news report sparked widespread talk about the U.S. dollar being unseated as the currency for trading oil.
Oil backs off 7-month low
22.05.10
After hitting a new 7-month low earlier in the day, oil prices rebounded as investors looked ahead to the expiration date of the active futures contract.
Euro extends gains on dollar
22.05.10
The euro pared back earlier losses against the dollar Wednesday, after Germany said it would ban short selling on some European bank shares and the zone's government bonds.
Treasurys little changed amid volatile trading
22.05.10
Treasurys were little changed Wednesday, as investors looked for direction amid mixed signals out of Europe and the United States.
Stocks skid on global economic jitters
22.05.10
Stocks recovered from deep losses posted earlier in the session but ended lower Wednesday, as investors welcomed the Fed's forecast of an improving economy amid lingering fears about the global economy.
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Oil slides nearly 3%
22.05.10
Oil prices fell Thursday, as stocks got hammered on worries about spreading European debt problems.
Euro rebounds on ECB intervention talk
22.05.10
The euro recovered from earlier losses Thursday amid speculation that the European Central Bank could intervene in the currency market, following signs the Swiss National Bank is already doing so.
Treasurys rally on flight to safety
22.05.10
Treasurys rallied Thursday as stocks plunged and investors worried about European debt and its effect on the global economy.
Fear index soars to 14-month high
22.05.10
Wall Street's key measure of volatility skyrocketed on Thursday, as all major stock indexes plummeted on concerns about the European debt crisis.
Fear spikes, stocks tank
22.05.10
Stocks got pummeled Thursday, with the Dow, Nasdaq and S&P 500 losing enough to fall into "correction territory" - marked by a drop of more than 10% off the rally highs.
Euro continues rebound
22.05.10
The euro continued bouncing off four-year lows seen earlier this week, as investors unwound bets against the shared currency on speculation that the European Central Bank will intervene in the market for the first time in 10 years.