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NEW YORK — With the market down three weeks in a row, investors are understandably grim. But there is a silver lining: Stocks are looking almost as cheap as last year when prices hit 12-year lows — at least according to Wall Street analysts. It was ...
NEW YORK — Stocks posted big gains after Federal Reserve Chairman Ben Bernanke said the central bank was ready to step in if the U.S. economy showed further signs of weakening. Traders were also encouraged by a downward revision in second-quarter economic growth Friday that ...
WASHINGTON — The U.S. economy appears to be stalling. Yet the Federal Reserve has run out of simple steps it can take to revive it. That’s the test facing Fed Chairman Ben Bernanke as he addresses a conference Friday in Jackson Hole, Wyoming. Without any easy ...
WASHINGTON — It’s starting to feel like another recession. Businesses are ordering fewer goods. Home sales are the slowest in decades. Jobs are scarce, and unemployment claims are rising. Perhaps most worrisome, manufacturing activity, which had been one of the economy’s few bright spots, is faltering. ...
NEW YORK — Stocks fell for a fourth day after another disappointing report on housing deepened worries that the economic recovery could be fading. Bond yields fell as investors sought out more stable investments. The Dow Jones industrial average lost 134 points Tuesday following news ...
NEW YORK — Stocks fell for a fourth day after another disappointing report on housing deepened worries that the economic recovery could be fading. Bond yields fell as investors sought out more stable investments. The Dow Jones industrial average lost 134 points Tuesday following news ...
NEW YORK — Stocks slumped to a weak finish Monday as lingering worries about the economy overcame optimism from a fresh round of corporate dealmaking. Stocks had an early lift after Hewlett-Packard Co. bid 33 percent more than rival Dell Inc. for a data storage ...
NEW YORK — Maybe bonds aren’t so dull after all. Bad economic news sent investors out of stocks and into U.S. Treasurys this past week, extending a rally that has defied some of Wall Street’s best minds, and, some say, logic. Treasury bonds maturing in 20 ...
NEW YORK — Stocks closed moderately lower Friday as investors’ pessimistic view of the economy deepened. There was little reason for investors to buy. There were no reports to offset Thursday’s disappointing news that growth in the domestic economy continues to slow. The Dow Jones ...
NEW YORK — Stocks tumbled Thursday after two disappointing economic reports renewed investors’ concerns about the pace of the recovery. The Labor Department said claims for unemployment benefits rose unexpectedly last week and the Federal Reserve of Philadelphia said manufacturing activity in the mid-Atlantic region ...
NEW YORK — Stocks ended a seesaw day with a modest gain Wednesday after investors found some pluses in retail earnings reports. The Dow Jones industrial average and other major indexes fluctuated throughout the day before closing with slender gains. There was little news to ...
NEW YORK — U.S. bankruptcy filings have reached the highest level since 2005, government data released Tuesday show, as the economy slows and the unemployment rate hovers just below double digits. There were 422,061 bankruptcy filings between April and June, according to the Administrative Office of ...