Group items tagged

Wall Street is trading higher today as hope that the ECB may be getting a firmer handle on the financial crisis. In the U.S., Congress is gridlocked once more on spending.

Wall Street continues rally as investors regain hope on a resolution in Europe and the U.S. staves off another shutdown risk. Commodities also rebound after major drops.

Hong Kong blue chips opened 65 points lower and continued to fall, dragged down by big declines in Chinese bank stocks. Worry about declining asset values hit big banks.

Uncertainty in the European Union's financial health helped to spark an international sell-off today, hammering U.S. equities as the market returns from the holiday weekend.

For the week, China shares were not able to completely recover from the sharp drop caused by disheartening U.S. employment numbers last Friday.

European Group of Seven meets tomorrow to stabilize its economic and debt problems. U.S. markets to test August lows today and Monday.

Encouraging news about higher U.S. consumer spending and a Greek bank merger pushed Hong Kong higher in heavier trading. In addition, completion of Bank of America's sale of China Construction Bank removed uncertainty from the market.

A lot of selling has already taken place, making it difficult for institutions to buy in-size without running stocks up.

Despite disappointing jobs growth, bulls are buying the notion that the Federal Reserve is preparing to step in for another round of stimulus, extending gains the market.

Stocks are gradually making their way lower as investors may be tired out from August's dip and rally. Key jobs report and President Obama's proposal also has Wall Street on edge.

The stock market typically experiences a September slump, but with last month's steep drop, volatile trading and bull run, investors shouldn't be surprised to see a break from the norm this year.

European debt crisis plus the possibility of a U.S. recession are combining to produce a major buying opportunity at current levels, or a plunge below DJIA 10,000.

Financial stocks were mixed on Friday with the major banks sliding on European debt woes and credit companies ticking higher on news of consumer confidence that outshined expectations.

Oil prices closed in on $90 per barrel on the New York Mercantile Exchange after a three-day rally on Wall Street and a sharp decline in U.S. inventories.

Stocks pushed higher for the fourth consecutive day as the market hinges hopes that the euro crisis could be easing. Economic data in the U.S., however, showed more softness.

Hope that Europe would solve its debt crisis fueled a relief rally in early trading in Hong Kong following Monday's plunge, but the rally faded in light turnover.

Tech stocks, whether they deserved to or not, began to make a comeback today alongside the latest economic data reports. Everyone from Apple to AMD began to bounce back on the news that the U.S. has thus far evaded a double dip.

Much of the market news from Europe and the Fed was overshadowed by the passing of Steve Jobs, Apple's iconic CEO, at the age of 56 after a long battle with cancer.

Healthy rebounds in European and U.S. markets and commodity prices ignited a sharp rally in Hong Kong amid increased turnover. However, heavy redemption pressure on mutual funds will make the rally hard to sustain.

Many investors seem to believe that gold is the ultimate hedge, but Michael McTague, in the interests of myth busting--and truth--gives a resounding "no."