By PAN PYLAS
AP Business Writer
LONDON (AP) – World stock markets rallied strongly on Wednesday – many from multiyear lows – despite more grim U.S. jobs news as investors hoped an expected Chinese stimulus package could help limit the length and depth of the recession in the industrialized world.
A legislative meeting starts Thursday in China and [...]
By PAN PYLAS
AP Business Writer
LONDON (AP) – Stock markets in Europe and Asia rebounded Wednesday amid mounting hopes that China will soon announce a big stimulus package that could help limit the length and depth of the recession in the industrialized world.
A legislative meeting starts Thursday in China and top of the agenda is what [...]
By SARA LEPRO
AP Business Writer
NEW YORK (AP) – Investors appeared ready to move back into the stock market Wednesday, pushing index futures higher after five straight days of heavy selling.
A rebound would be likely be based more on bargain hunting than conviction as very few, if any, analysts and investors expect the day’s economic news [...]
By MADLEN READ and TIM PARADIS
AP Business Writers
NEW YORK (AP) – Investors ended an early rally and began selling on Wall Street Tuesday as Federal Reserve Chairman Ben Bernanke told Congress an economic recovery depends on the government’s ability to stabilize weak financial markets.
Bernanke’s comments came as the central bank announced it would begin lending [...]
WASHINGTON (AP) – President Barack Obama is comparing the stock market to the daily tracking polls used during political campaigns, saying that paying too close attention to Wall Street’s “fits and starts” could lead to bad long-term policy.
Obama spoke to reporters Tuesday after meeting at the White House with visiting British Prime Minister Gordon Brown. [...]
By MADLEN READ
AP Business Writer
NEW YORK (AP) – Wall Street is headed for a modest bounce Tuesday as investors recover from a massive selloff and await data on home and auto sales.
The Dow Jones industrial average on Monday plunged far below the 7,000 mark to end at 6,763 – the lowest close for the Dow [...]
By MADLEN READ
AP Business Writer
NEW YORK (AP) – Wall Street headed for another big drop Monday, one that could hurl the Dow Jones industrials below 7,000, after American International Group Inc. posted a $61.7 billion quarterly loss.
The government said it would give AIG another $30 billion in loans, in addition to the $150 billion it [...]
By TIM PARADIS
AP Business Writer
NEW YORK (AP) – Wall Street headed toward a moderately higheropen Thursday as investors awaited economic readings on demand for big-ticket manufactured goods and sales of new homes.
Investors are looking for any signs that the economy is slowingits descent. That could signal demand from consumers and businesses is set to rebound. [...]
By TIM PARADIS, AP Business Writer
NEW YORK – Wall Street has turned the clock back to 1997. Investors unable to extinguish their worries about a recession that has no end in sight dumped stocks again Monday. The Dow Jones industrial average tumbled 251 points to its lowest close since Oct. 28, 1997, while the Standard [...]
By STEPHEN BERNARD
AP Business Writer
NEW YORK (AP) – Wall Street fell Friday, sending the Dow Jones industrials to new six-year lows as investors around the world kept selling on pessimism about the global economy. Financial stocks led the market lower.
Disappointing fourth-quarter earnings reports from Lowe’s and J.C. Penney provided new evidence that the recession is [...]
