US stocks mixed ahead of earnings reportsOctober 7th, 2009 NEW YORK - US stocks posted mixed results Wednesday as Wall Street braced for the start of the third-quarter earnings season in the US. Financial firms posted gains, but telecommunications companies were down on a light trading day in New York.
US stocks gain, Obama says need for bail-outs easingSeptember 14th, 2009 NEW YORK - US stocks edged higher Monday, while President Barack Obama said the need for hundreds of billions of dollars in Wall Street bail-outs was easing as the economy recovers from recession. In a speech at the historic Federal Hall on Wall Street in New York, Obama said there were signs the US economy had turned a corner, and said the government was beginning to extricate itself from a series of dramatic interventions in financial markets.
Obama warns Wall Street: If risk-taking produces new crisis, no new bailout can be expectedSeptember 14th, 2009 Obama warns Wall Street againt high-risk behaviorNEW YORK — President Barack Obama says he sees new signs of the kind of high-risk business behavior that nearly caused a financial meltdown a year ago and is warning Wall Street there won't be another bailout. In a widely anticipated speech in the heart of New York's financial district, Obama also said he feels confident that the country's financial system has been steadied.
On Wall Street, Obama says some firms not learning lessons of Lehman and the financial crisisSeptember 14th, 2009 Obama: Some Wall St. firms ignoring Lehman lessonsNEW YORK — President Barack Obama says some Wall Street firms are ignoring the lessons of the Lehman Brothers collapse.
US stocks little changed after jobs report; global markets riseAugust 20th, 2009 Stocks little changed at Wall Street openNEW YORK — Stocks are little changed in early trading, with investors wary of making big moves after a worse-than-expected weekly jobs report. The Labor Department says new claims for unemployment benefits jumped unexpectedly to 576,000 last week.
US stocks fall for third dayJune 18th, 2009 NEW YORK - Most US stocks dropped for a third straight day Wednesday, led by banks, after President Barack Obama unveiled regulatory reforms, but technology stocks served as a bright spot. Obama laid out a sweeping overhaul of the government's financial regulatory system, proposing the most significant changes since the Great Depression of the 1930s.
Technology, bank shares boost Wall StreetJune 10th, 2009 NEW YORK - Technology and bank stocks led most shares up on Wall Street Tuesday. Financial stocks were buoyed by news that 10 of the largest US banks which received emergency government bail-out funds at the height of the financial crisis last year have been authorised to repay the money.
US stocks mixed: Energy shares up, financials downMay 13th, 2009 NEW YORK - US stocks were mixed Tuesday, led higher by energy and pharmaceutical shares but weighed down by the financial and carmaking sectors. Crude oil hit $60 per barrel for the first time in six months Tuesday in New York trading, though it closed at $58.50, fuelling Chevron Corp and Exxon Mobil Co stock gains.
Gold prices little changed as rally on Wall Street dampens investment demandMay 9th, 2009 Gold prices hold steady as Wall Street ralliesNEW YORK — Gold prices are holding steady as a rally in stocks keeps demand for the safe-haven asset in check. Other commodities, like oil and grains, are surging on the day's upbeat economic data.
Investors turn cautious after big gains, await bank stress test results, economic dataMay 5th, 2009 Stocks mixed after prior day's big gainsNEW YORK — Caution returned to Wall Street Tuesday ahead of results of the government's stress tests of banks. Stocks were narrowly mixed in early trading following a big advance Monday that sent one key Wall Street indicator, the Standard & Poor's 500 index, into positive territory for the year and the Dow Jones industrials up more than 200 points.
Stocks lose ground following mixed data on manufacturing, factory orders, corporate earningsMay 1st, 2009 Stocks fall on mixed economic data, weak earningsNEW YORK — Stocks began May with moderate losses following mixed data on manufacturing and factory orders and weaker-than-expected earnings reports. Wall Street, coming off its best month in nine years, has been growing more optimistic the economy is stabilizing.
Wall Street slides after strong April as investors await reading on manufacturing activityMay 1st, 2009 Stocks fall ahead of manufacturing dataNEW YORK — Stocks began May with modest moves ahead of a key reading on U.S. manufacturing.
Gold prices dip as remarks from Treasury Secretary Geithner spur buying on Wall StreetApril 21st, 2009 Gold prices dip as stocks move higherNEW YORK — Gold prices are slightly lower as stocks gain ground. Oil prices are flat, while grain prices are up.
Tokyo stocks follow Wall Street rallyMarch 11th, 2009 TOKYO - Tokyo stocks gained Wednesday morning in the wake of the strong overnight gains on Wall Street. Japan's benchmark Nikkei 225 Stock Average soared 283.18 points, or 4.01 percent, to 7,338.16.
Australian stocks hit five-year lowMarch 3rd, 2009 SYDNEY - Australian stocks followed Wall Street down in early trading Tuesday, giving up 1.9 percent to levels not seen since 2003. At the opening bell the ASX 200 lost a whopping 2.5 percent before bargain-hunters came in to help stocks claw back ground.
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