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.
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. Stocks tumbled Friday after reports that Goldman Sachs is facing a criminal probe sparked analyst downgrades and a selloff in the financial sector. Worries about Greece's lingering debt problems also weighed.
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.
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. 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 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.
Treasurys held gains Wednesday after the most recent phase of this week's $78 billion offering of U.S. debt received above-average demand.
The dollar goes down. Stocks go up. Lather. Rinse. Repeat. Government bond prices reversed their new year's slide Thursday as investors weighed a flood of supply against a potentially sour unemployment report being released by the government on Friday.
Truckers, railroads and other transportation companies are seeing a pickup in demand for the first time in four years, a strong vote for the economic recovery. But for stock investors, timing an entry point into the sector is tricky.
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.
Stocks rallied Friday, with the Dow, Nasdaq and S&P 500 all ending at fresh 2010 highs, after a surprisingly strong new-home sales report, a surge in commodities and improved earnings from American Express.
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 extended their declines Thursday as further signs of economic weakness signaled a slowdown in demand.
Mickey Mouse and Spider-Man may help provide some much needed spark to the sleepy merger market.
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.