U.S. stocks ended flat Tuesday, after turning sharply lower during the final hour of trading amid fears that Greece will leave the eurozone.
New overseas worries were offset by some better than expected earnings from U.S. retailers early Tuesday, putting U.S. markets on course for another uneven day of trading.
A plunge in Facebook's stock didn't faze the broader U.S. market Monday. U.S. stocks bounced back from their worst week of the year on renewed optimism that European leaders would find a way out of the sovereign debt crisis.
CNNMoney: Stocks set to reboundupdated: Mon May 21 2012 08:32:00
U.S. stocks were poised to rebound Monday, after closing out one of the worst weeks of the year, as investors pinned their hopes on European leaders' abilities to manage the continent's debt crisis.
Stocks closed out an ugly week. Despite initial euphoria surrounding the debut of Facebook on the public markets, the social network's shares barely popped above its offering price and failed to inspire investors to buy into the broader market.
As the stock market opened Friday with a ring of the bell by Mark Zuckerberg, all eyes were on Facebook -- the social media Megalodon he nursed from a dorm-room project to one of Wall Street's hottest prospects ever.
U.S. stocks were poised for a higher open Friday as investor excitement over the Facebook initial public offering countered continued worries about the European sovereign debt crisis.
Asian shares dropped, with Japan's stock index falling to a four-month low, as investors dumped risky assets amid growing worries about Europe compounded by disappointing US economic data.
Following a positive start, U.S. stocks closed in the red for a fourth straight session Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece's political situation.
U.S. stocks struggled during a choppy trading Tuesday as investors digested mixed news out of Europe.
U.S. stocks were poised for a positive start Tuesday, following better-than-expected economic growth in Germany.
Even as his campaign portrays him as a champion of the middle class and a crusader to keep Wall Street from melting down as it did three years ago, President Barack Obama was set to leave New York Monday with a sizable haul of cash from industries whose excesses he decries from the stump.
So much for gold being a safe investment in times of market volatility.
Markets are having difficulty establishing a bullish platform as continuing worries over the eurozone counteract news of more monetary easing in China.
Fareed's Take
updated: Mon May 14 2012 04:33:00
Fareed's Take on the eurozone.
Looks like Twitter isn't the only company with a fail whale.
Stocks finished lower Friday, ending a down week for the major indexes, as weakness in the banking sector weighed on the market.
U.S. stocks ended mixed Thursday afternoon as investors welcomed a slight dip in jobless claims but remained cautious amid ongoing uncertainty in Greece and the rest of Europe.
U.S. stocks bounced back somewhat from a sharp sell-off Wednesday, but all three major indexes closed in the red as investors continue to fret about Greece and Spain.
U.S. stocks were headed for a lower open Wednesday as investors remained on edge over developments in Europe.
U.S. stocks sank Tuesday, although the major indexes closed off session lows, as Greece's uncertain political situation keeps investors on edge.
U.S. stocks were set to open lower Tuesday as Greece's uncertain political situation keeps investors on edge.
Iran is accepting renminbi for some of the crude oil it supplies to China, industry executives in Beijing and Kuwait and Dubai-based bankers said, partly as a consequence of US sanctions aimed at limiting Tehran's nuclear programme.
Asian equities fell after U.S. jobs data disappointed and the election of François Hollande as French president raised concerns about Europe's debt crisis.
BP Capital Management chairman T. Boone Pickens says it's not appropriate to place blame on one person for gas prices.
The average price for a gallon of regular U.S. gasoline slipped almost 7 cents over the past two weeks, chasing a drop in crude oil prices, according to a nationwide survey published Sunday.
Pricing for Facebook's premium "social" advertisements continues to rise, two recent studies have found -- a positive indicator that could offset concerns about a dip in advertising growth and help sentiment towards the internet company's initial public offering.
Hundreds of protestors took to the streets of Manhattan's financial distric Egyptians did it for democracy. So did people in Tunisia, Yemen, Bahrain and Syria. Now, activist groups are hoping Americans will launch their own uprising -- in the form of thousands of protesters descending on Wall Street this weekend.
Christine Romans looks at how Facebook is gearing up for an IPO despite slowing growth.
As Wall Street makes final preparations for the largest technology debut by value in history, it has also faced what some bankers and investors have come to see as a series of snubs from Facebook.
U.S. stocks moved higher Friday, capping a weekly gain, as upbeat corporate results outweighed a weaker-than-expected report on first-quarter economic growth.
U.S. stocks were poised to open slightly higher Friday, losing some momentum on concerns about weaker-than-expected U.S. economic growth and European debt, as Ford beat earnings expectations for the quarter.
Stronger-than-expected results from Apple and other major companies have U.S. stocks poised for a higher open Wednesday.
U.S. stocks finished mixed Tuesday, with the Dow holding onto solid gains, while Netflix's disappointing outlook weighed down tech stocks.
U.S. stocks were poised for a mixed open Tuesday as investors turn their attention to two reports on housing and await Apple's earnings after the close.
The Tokyo Stock Exchange has said it does not want a 'dirty' capital market.
The president outlines his plan for protecting the oil market from speculators and manipulators.
This week, President Obama announced policy measures to enhance the surveillance of oil futures markets. The president stressed that the new measures would not bring down gasoline prices overnight, but implied that they would lower gas prices in the long run because more oversight would deter market manipulation.
U.S. stocks closed down modestly Wednesday, as investors found new reasons to worry about Europe's economy. Less-than-stellar earnings from two big tech companies added to sluggish trading throughout the day.
U.S. stocks were headed for a higher open Thursday after a relatively successful bond auction in Spain and solid quarterly results from Bank of America and Morgan Stanley.
In the spirit of spring rebirth, the Occupy movement is ramping up activities as warm weather blankets the country. But while the season is typified by a reawakening of life outdoors, demonstrators are using sleep to get their points across. They call it "sleepful protest."
Under pressure to bring down the high price of gas, President Obama and Attorney General Eric Holder will outline a proposal Tuesday to increase federal supervision of the oil markets in an effort to clip the wings of speculators who are profiting off the volatility of the oil market.
U.S. stocks were poised for a higher open Tuesday, as investors contend with worries about Europe, a bevy of U.S. economic data and the latest corporate results.
U.S. stocks closed mixed Monday, with blue-chips gaining and tech shares falling, as investors weighed an upbeat report on retail sales, corporate earnings and renewed worries about Europe.
Just like rivals in a bad romantic comedy who shockingly realize they have feelings for each other, China and the United States have a complicated relationship.
China expanded the daily trading range that its currency can fluctuate against the US dollar on Saturday in an important step towards allowing the Rmb to eventually float freely.
U.S. stocks stumbled Friday, following a two-day rally, closing lower for a second straight week with the worst declines of the year.
U.S. stocks were set to open lower Friday after reports on bank earnings and a slowdown in China's growth.
U.S. stocks were poised to open slightly higher Thursday as worries about Europe took a backseat to U.S. economic and corporate results.
U.S. stocks closed higher Wednesday, bouncing back after a string of five down days, as concerns about Europe eased and hopes for a better-than-expected earnings season rose.
U.S. stocks were headed for a higher open Wednesday, one day after all three major indexes posted their worst losses of the year.
The fear trade picked up steam Tuesday, as investors grew increasingly worried about Europe's fiscal health. All three indexes closed down more than 1.5%, marking the fifth straight losing day for stocks.
Sen. Mitch McConnell (R) Minority Leader on why gas prices are so high, the 2012 elections and Obama's policies.
U.S. gas prices showed their smallest increase since early January -- and may be nearing or past their peak if the price of crude oil holds steady, according to a national survey published Sunday.
U.S. stocks were headed for a weak open Thursday, taking their cue from world markets on the final trading session of the week, as worries about the European debt crisis bubbled up.
Once again investors will be looking overseas for any signals out of Europe on the fate of the eurozone and the euro.
Once again, investors all over the world will be looking to Europe to determine how to bet on the markets.
U.S. stocks were headed for a sharp selloff Wednesday, with anxiety lingering after Federal Reserve policy makers indicated that no new stimulus is likely.
U.S. stocks dropped Tuesday after the Federal Reserve indicated it was unlikely it would offer more stimulus anytime soon.
U.S. stocks were poised to open slightly lower Tuesday, with a potentially choppy day of trading ahead on a quiet week for investors.
U.S. stocks closed mixed Friday, with the Dow and S&P 500 ending their best first quarter in over a decade, as investors weighed a report on consumer spending and a boost in the eurozone bailout fund.
U.S. stocks drifted lower but rebounded in later trading Thursday to end at nearly breakeven.
Stocks closed in the red Wednesday as investors grew concerned about the health of the global economy.
U.S. stocks were poised to open higher Wednesday, as a positive quarter for the markets enters its final three days.
U.S. stocks ended a quiet session lower Tuesday as investors found little reason to push the market up given the strength of the recent rally.
U.S. stocks were expected to open little changed Tuesday, while world markets responded positively to indications that the Federal Reserve is prepared to keep interest rates at very low levels.
U.S. gas prices jumped more than 11 cents per gallon over the past two weeks, but may be peaking as the price of crude oil holds steady, according to the latest Lundberg Survey.
U.S. stocks flip-flopped Friday but closed slightly higher as investors remained skittish about the health of the economy after the latest report on home sales signaled further trouble for housing.
U.S. stocks fell Thursday, as investors were rattled by worries of a global growth slowdown.
After strong gains last week, trading could be choppy Monday, with little major economic or corporate news expected.
CNN's Richard Quest talks to Stephen King, Chief Economist at HSBC, about the future of the oil market and Greece.
Saudi Arabia is taking steps to cool the overheating global energy market, boosting its exports to the US and re-opening old oilfields to expand production, as the world's largest oil producer tries to prevent damage to the global economic recovery.
Stocks finished higher Thursday, with the S&P 500 topping the 1,400 mark for the first time in nearly four years, as investors considered a batch of better-than-expected economic news.
U.S. stocks ended mixed Wednesday, one day after a big advance, as declines in bank stocks vied with strength in the technology sector.
World markets rallied Wednesday, a day after the Fed offered an upbeat outlook on the U.S. economy, and most U.S. banks passed stress tests conducted by the central bank.
Chinese central bank officials have suggested the renminbi is no longer significantly undervalued after six years of gradual appreciation, citing the country's large trade deficit in February.
Stock closed mixed, after moving in a narrow range for most of the trading day.
U.S. investors were bracing for a choppy day Monday.
India will end a six-day ban on cotton exports that impacted global commerce, the country's trade minister said Sunday.
U.S. stocks finished higher for a third straight day Friday, after a slightly better-than-expected jobs report, but the gains were pared back after Greece's deal with bondholders triggered a "credit event."
Sara Sidner reports on the Indian government's ban on cotton exports, fueling speculation about cotton shortages.
China, the biggest consumer of cotton, has lodged a formal protest against India's ban on cotton exports amid signs that India is rethinking the ban that was implemented a few days ago.
Greek debt dealupdated: Fri Mar 09 2012 06:04:00
Creditors have agreed to a plan to restructure Greek government bonds, Elinda Labropoulou reports
For a country that has faced many moments of truth over the past few years, Greece is on the cusp of what could be a real make or break moment.
U.S. stocks were poised to open lower on Tuesday, as world markets sold off amid economic growth worries in China and Europe.
U.S. stocks recovered quite a bit of lost ground but still finished in the red Monday, following the path of world markets, after China lowered its annual growth target.
India banned all cotton exports on Monday, causing U.S. cotton futures to surge and igniting fears of another jump in prices for cotton goods.
Shares of reviews site Yelp soared more than 64% Friday, in its initial public offering.
Trading volume is anemic. Bonuses are down. Investment banking activity is sluggish. But instead of singing a requiem for Wall Street, investors are treating the big banks like they are rock stars.
CNN's Eunice Yoon reports on how China's demand for oil is boosting global prices.
Oil prices spiked to their highest levels since 2008 on fears that tensions with Iran have the potential to disrupt supplies through the Strait of Hormuz.
Reviews site Yelp priced its initial public offering at $15 a share late Thursday, above the target set by the company.
Bill Gross is now officially in the ETF business. Pimco launched the ETF version of its Total Return Fund Thursday, and experts say it could be a game changer.
For investors, the words credit default swap can bring back painful memories of 2008. But in the case of Greece, the dreaded derivatives may not be the ticking time bomb some have feared.
While stocks ended slightly lower, Wednesday's biggest market moves were in the bond, commodity and currency markets -- with 10-year Treasury yields surging higher and the price of gold, silver and the euro dropping dramatically.
Lower profits and layoffs resulted in Wall Street bonuses falling by nearly $3 billion last year to their lowest level since the 2008 financial crisis.
U.S. stocks were set for a higher open Wednesday, after the European Central Bank said that it well lend €529.5 billion, or $721.4 billion, to European banks in an effort to prevent a credit crunch.
A combination of trouble with Iran, a recovering global economy, investor interest and a potential problem at refineries are all responsible for the recent spike in gasoline prices, experts say.
U.S. stocks closed at multi-year highs, as investors weighed a small pullback in oil prices and improving consumer confidence against a worse-than-expected drop in durable goods orders.
Gas prices approaching $4 a gallon on average are causing severe economic pain for millions of Americans. Pump prices spiked 5% in the past month alone. Crude oil prices stood at $108 on Friday, up from only double digits at the beginning of the month.
© 2011 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
|