Turbulence ahead for airlines
08.10.09
Happy Labor Day weekend. Or for the 1.5 million of you out there (including me) estimated to be taking a plane somewhere, good luck in the airport.
Shares of major U.S. banks rallied Friday after the Senate passed a sweeping overhaul of the financial system. Where's the bottom? It's the question every investor is asking. We wish we could tell you when the stock market will reach that point - we really do. But we have no idea. Nobody does. This much, however, we can say: Don't wait for that perfect moment when the markets sink to their absolute floor. Because by the time you're certain prices have reached that spot, the moment will have passed, and you may have missed a dramatic rebound.
The dollar gave up gains against the euro Wednesday after the Federal Reserve left interest rates unchanged near zero and said economic activity is beginning to improve.
The dollar goes down. Stocks go up. Lather. Rinse. Repeat. 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.
Oil topped $70 a barrel Monday, tracking an advance on Wall Street.
Oil prices fell in one of the biggest single-day declines in history Wednesday, after a woeful supply report gave previously bullish investors little reason to believe oil would sustain a rally anytime soon.
Stocks rallied Tuesday as investors looked beyond the Federal Reserve's dour outlook on the economy and instead scooped up shares hit in last year's big selloff. 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 fell against the euro Friday as investors gravitated toward more risky assets amid signs an aid package for Greece may be announced over the weekend.
Wall Street futures pulled out of their slump Friday and rose in pre-market trading, following a report showing a huge decline in jobs.
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.
Yes, Citigroup lost billions in the financial crisis. And yes, it's still swimming in toxic assets. But Bruce Berkowitz argues the worst is over. Treasurys were little changed Wednesday, as investors looked for direction amid mixed signals out of Europe and the United States.
Treasury prices fell Wednesday - after a record $30 billion auction of 3-year notes - amid speculation that the new president will increase debt sales.
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.