NEW YORK (AP) – U.S. stock futures are pointing to a higher opening Wednesday as investors await data on the manufacturing and housing industries.
Futures are reflecting gains in European markets, which rose after upbeat reports on manufacturing activity in both Britain and the 16 countries that share the euro currency.
Later Wednesday morning, investors will get [...]
NEW YORK (AP) – Wall Street reversed course late Friday, finishing lower as early gains built on better earnings reports from retailers faded away.
Trading was choppy, and the market’s swings were exaggerated by very light volume ahead of the Memorial Day weekend.
Stocks drifted lower for much of the week. With few economic reports, the market [...]
NEW YORK – Wall Street extended its gains to a second day Thursday after an upbeat profit report from electronics retailer Best Buy Co. and new unemployment numbers added to a sense that the U.S. economy might be finding its footing.
But stocks wavered in their advance in a give-and-take that wasn’t surprising for a market [...]
By SARA LEPRO
AP Business Writer
NEW YORK (AP) – Investors were trying to turn Wall Street’s best performance this year into a two-day advance.
Financial stocks that led the market higher in Tuesday’s huge rally were mostly higher and underpinning the day’s overall gains. Tech stocks also rose after an analyst raised Hewlett-Packard Co.’s rating.
Analysts were again [...]
By SARA LEPRO
AP Business Writer
NEW YORK (AP) – Wall Street rebounded smartly Tuesday, led higher by financial stocks after troubled Citigroup Inc. said it had operated at a profit during the first two months of the year.
In a letter sent to employees Monday, Citi Chief Executive Vikram Pandit said the bank had an operating profit [...]
By SARA LEPRO
AP Business Writer
NEW YORK (AP) – Stocks were fluctuating Monday as a $41 billion deal between drugmakers Merck and Schering-Plough did little to jolt investors out of their pessimistic mood.
In better economic times, a big acquisition tends to galvanize the stock market. But investors hoping for signs the economy may turn around sooner [...]
By PAN PYLAS
AP Business Writer
LONDON (AP) – European and U.S. stocks rose Friday as investors breathed a modest sigh of relief that the U.S. jobs report for February – though grim – was not as bad as some of the worst fears in the market.
In Europe, Britain’s FTSE 100 index was up 18.26 points, or [...]
By PAN PYLAS
AP Business Writer
LONDON (AP) – Most European and U.S. stock indexes fell modestly Friday as early gains following an U.S. jobs report that was no worse than expected dissipated amid ongoing fears about the state of the world’s largest economy.
In Europe, Britain’s FTSE 100 index was essentially flat, rising 0.02 percent at 3,530.73 [...]
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 TIM PARADIS
AP Business Writer
NEW YORK (AP) – Investors around the world showed relief early Monday after a report that Citigroup Inc. is in talks for the U.S. government to boost its stake in the bank.
Overseas markets rose on the report and U.S. stock futures pointed to a higher open.
Stocks tumbled last week as investors [...]
