U.S. stocks slid on Monday, with the Nasdaq falling 2 percent, after ratings agency Standard & Poor’s cut its long-term outlook on the United States and another step by China to stem growth reignited worries about the global economy. Get the full story »
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Stocks sink below 11,000 on China worries
Stocks retreated Tuesday following new worries about rising inflation in Asia and the possibility Ireland might need a bailout.
IBM rides market upswing to hit all-time high
IBM shares hit an all-time high Monday, with the stock riding a slight market upswing. It rose as high as $139.88 before closing at $139.66, up 81 cents for the day. The previous high was $139.19, reached during the dot-com boom on July 13, 1999. Get the full story »
Dow closes above 11,000 for first time since May
U.S. stocks finished higher Friday, with the Dow closing above the 11,000 mark for the first time in five months, as a surprisingly weak jobs report strengthened the case for more stimulus from the Federal Reserve. Get the full story »
Earnings up, shares down for Citi, BofA
Bank of America and Citigroup posted better-than-expected quarterly earnings on lower credit losses, but their shares fell as the banks highlighted the challenge of boosting revenue in a stagnant economy.
As with JPMorgan Chase & Co., which reported Thursday, the banks’ investment banking profits were down, a bleak sign for Goldman Sachs Group Inc. and Morgan Stanley, whose results are due next week. Get the full story »
