Oil above $71 on dollar shake-up
08.10.09
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Treasurys rallied Thursday as stocks plunged and investors worried about European debt and its effect on the global economy. Treasurys were little changed Wednesday, as investors looked for direction amid mixed signals out of Europe and the United States.
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.
The Dow managed to eke out a fresh 19-month high Monday on Caterpillar's strong earnings, but a selloff in financials hit the broader market at the start of a busy week on Wall Street. 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.
Treasurys fell Wednesday, after a government auction drew moderate demand and the Federal Reserve announced it will leave interest rates unchanged for an "extended period."
Oil fell below $70 a barrel Wednesday after a government report showed demand for oil plunged.
As the 10th anniversary of the bursting of the tech bubble is upon us, you've probably read a slew of stories about what an awful decade this has been for stocks. The dollar was mixed against its main trading partners Wednesday as a retreat on Wall Street boosted some demand for the greenback as a safe haven.
The stakes are high whenever you invest, but they're extra high when you're managing your money amid a historic financial mess and record volatility. For advice equal to the task - in a setting chosen to inspire thoughts of security - we invited five champion fund managers to sit down inside a massive underground vault that's now part of a restaurant a block from Wall Street: Bob Rodriguez of First Pacific Advisors, who manages the FPA Capital and New Income funds; Susan Byrne, who heads Westwood Holdings Group; Leslie Christian, president and chief investment officer of Portfolio 21 Investments; Tom Forester, manager of the Forester Value fund; and Jeremy Grantham, chairman of asset manager GMO. Fortune's Geoff Colvin led the discussion. Edited excerpts follow; stock prices are as of Dec. 1.
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.
The dollar retreated against major currencies Wednesday as two weak jobs reports showed that the already battered U.S. labor market wasn't getting better.
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. Stocks seesawed Thursday on worries about the consumer after weak retail sales, and ahead of the December employment report which is expected to show massive job losses.
Wall Street's key measure of volatility skyrocketed on Thursday, as all major stock indexes plummeted on concerns about the European debt crisis.
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.