Better-than-expected pending home sales report sends Nasdaq to a 6-month high, Dow and S&P 500 to almost 4-month highs. By Alexandra Twin, CNNMoney.com senior writer How strong are the nation’s 19 largest financial institutions? NEW YORK (CNNMoney.com) — Wall Street rose Monday, pushing the …
By Peter A. McKay and Kejal Vyas US stocks traded lower Friday as investors hoped for an economic recovery despite an April for US car sales that one BMW executive described as “more of a dust bowl than a spring garden.
By Peter A. McKay Investors bet that the US economy hit its trough in the first quarter and drove US stocks to three-month highs Wednesday ahead of the afternoon statement from the Federal Reserve. In recent weeks, investors have fixated on the light at the end of the tunnel for the US economy …
By Stefanie Haxel April 29 (Bloomberg) — German stocks advanced, sending the DAX Index to the highest level in more than three months, after Siemens AG posted first-quarter profit that beat estimates and JPMorgan Chase & Co.
By Sarah Jones April 28 (Bloomberg) — European stocks retreated on concern that banks may need to raise additional capital and the outbreak of swine flu will hinder an economic recovery.
By Peter A. McKay and Geoffrey Rogow US stocks drifted between slight gains and losses Tuesday as a bounce-back for consumer and transportation stocks was offset by a slide for banks due to renewed fears that big Wall Street firms may need more capital …
Stocks in New York were modestly weaker early Monday as markets around the world were unnerved by growing reports of swine flu, but the major indices quickly overcame those jitters and rose off their lows. The Dow Jones Industrial Average was up 19 points to 8095, after having been in negative …
TOKYO, April 27 (Reuters) – The benchmark Nikkei average dipped 0.5 percent and the broader TOPIX dropped 0.1 percent on Monday. Shares of Nippon Yusen, Japan’s biggest ocean shipping company, slid 4.1 percent to 422 yen after the firm more than halved …
By Peter A. McKay and Rob Curran A round of better-than-expected earnings reports pushed stocks higher ahead of the government’s criteria for its stress test, expected at 2 pm EDT.
Stocks in New York closed 1% to 2% higher, although off their best levels of the session Friday, after the US government released the parameters for the so-called stress tests being conducted on the nation’s large banks. The Dow Jones Industrial Average rose 119.23 points, or 1.5%, to 8076.29 …