August 17th, 2011
U.S. stocks sank in a thinly traded session Wednesday as weakness in the technology sector dragged the market lower.
The Dow Jones industrial average (INDU) was down 47 points, or 0.4%, in afternoon trading. The S&P 500 (SPX) eased 5 points, or less than 0.4%, and the Nasdaq composite (COMP) fell 27 points, or [...]
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August 17th, 2011
US stocks have resumed their rally after a series of earnings reports came in better than expected.
Target Corp, Staples Inc and Dell Inc all reported earnings for last quarter that were above analysts’ forecasts.
Companies in the Standard & Poor’s 500 are on track to report higher profits for a ninth straight quarter.
But [...]
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July 13th, 2011
NEW YORK (CNNMoney) — After spending two months focused largely on the state of the U.S. economy, investors will get a chance to turn their eyes back to Corporate America this week.
Several key companies will report their results for the second quarter this week, with investors getting profit reports from Dow members Alcoa (AA, Fortune [...]
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October 11th, 2008
The Dow Jones Industrial Average capped the worst week in its 112-year history with its most volatile day ever, as hopes for a major international bank-rescue plan were overwhelmed at day’s end by another wave of selling.
Some investors who normally would be jumping to buy beaten-down stocks after a 22% drop over eight trading days [...]
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October 10th, 2008
Markets fall on fears about world crisis - expectations mount for response.
Global fears about the financial crisis deepened on Friday as stock markets the world over fell sharply and government officials scrambled to contain the damage.
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October 10th, 2008
Investing experts say Europe needs to address its banking problems to get markets back on track - but stocks may almost be cheap enough to attract more foreign cash.Global stock markets are in free fall Monday as European banks are starting to look like they may need their own bailout.
In fact, several large financial institutions [...]
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October 9th, 2008
With the credit crisis intensifying, the amount of cash removed from stock mutual funds spiked higher, investors pull money out of bond funds too.
As the nation’s economic crisis deepened, investors pulled $43.3 billion from stock mutual funds, according to a report released Thursday.
The amount of money being removed from funds that invest in both U.S. [...]
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September 8th, 2008
By Martin Crutsinger and Alan Zibel, AP Business Writers
US Government seizes control of mortgage giants Fannie Mae and Freddie Mac
WASHINGTON (AP) — The Bush administration’s seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it will help reverse a prolonged housing and credit crisis.
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The historic move [...]
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