- Banks, tech lead Wall Street higher
(Reuters)
Reuters - Bank and technology shares lifted Wall Street on Wednesday on hopes the sectors may be poised for a recovery as the U.S. economy improves.
- Stocks rise after inventories fall but sales gain
(AP)
AP - Stocks continued their slow trek higher after the government's report of a drop in companies' inventories during January.
- A look at global economic developments
(AP)
AP - A look at economic developments and activity in major stock markets around the world Wednesday:
- FTSE 100 shares edge higher
(AFP)
AFP - Leading shares closed higher on Wednesday in cautious trading as market players digested the latest batch of company results and awaited key US economic data later this week.
- World stocks up modestly; pound takes another hit
(AP)
AP - World stock markets mostly rose Wednesday, though trading was choppy as investors looked for direction a day after the one-year anniversary from recession-related lows. The pound meanwhile continued to decline after disappointing industrial production figures.
- A decade later, lessons in the Nasdaq collapse
(Reuters)
Reuters - Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points -- a peak that the technology-heavy market shows no sign of scaling again any time soon.
- European stocks edge ahead as investors await data
(AFP)
AFP - Europe's leading stock markets nudged higher on Wednesday as traders awaited key US economic data and assessed the latest batch of company results.
- Fiscal issues hit euro, sterling; stocks flat
(Reuters)
Reuters - Concerns over Europe's fiscal problems hit the euro and sterling on Wednesday, while world stocks hovered near their recent six-week highs, though they were still up 66 percent from a low hit one year ago.
- SEC chief economist leaving
(AP)
AP - The chief economist of the Securities and Exchange Commission, who is an expert on the financial instruments that figured largely in the 2008 crisis, is leaving his position for the private sector.
- Summary Box: Gains slow after big year for stocks
(AP)
AP - A YEAR LATER: The Dow Jones industrial average is up 61.4 percent since it closed at a 12-year low of 6,547 on March 9, 2009. On paper, U.S. stocks have gained about $5.7 trillion but are still down about $5.5 trillion from the peak in October 2007.
- How the major stock indexes fared on Tuesday
(AP)
AP - Financial companies led stocks higher Tuesday on the one-year anniversary of the market's hitting a 12-year low. The gain in bank stocks came as traders reacted to rumors that the government might prohibit the trades known as short sales in the stocks of companies it owns. Such a move would be aimed at preventing sharp drops in stocks including Citigroup Inc. and American International Group Inc.
- Kroger, Ruby Tuesday, UAL are big movers
(AP)
AP - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
- SEC sues ex-NY loan trader over alleged kickbacks
(Reuters)
Reuters - A former stock loan trader at Morgan Stanley and Bank of America Corp in New York received well over $100,000 of cash kickbacks by steering orders to other brokerage firms, the U.S. Securities and Exchange Commission said in a lawsuit filed on Tuesday.
- U.S. SEC's chief economist to leave agency March 31
(Reuters)
Reuters - The U.S. Securities and Exchange Commission's chief economist, James Overdahl, will be leaving at the end of the month, he said on Tuesday.
- China: US assets should not be 'politicized'
(AP)
AP - An official in charge of China's foreign reserves tried to ease American concern Tuesday about the political impact of its huge holdings of U.S. government debt and indicated Beijing has no plans for a big increase in its gold stockpile.
- New York governor rejects reimposing stock transfer tax
(Reuters)
Reuters - New York state should not reimpose a stock transfer tax as this would make Wall Street firms move to other cities such as New Jersey's Newark, or other states like Connecticut, Governor David Paterson said on Monday.
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(AP)
AP - Defense Sec. Gates in Afghanistan to meet with military commanders.
- Summary Box: Dollar, stock relationship ending
(AP)
AP - THE BREAKUP: During last year's big market rally, the dollar consistently fell on days when stocks rose, and vice versa. That hasn't been the case in the past three months.
- Relationship over? Dollar, stocks break up
(AP)
AP - The relationship between the dollar and stocks that helped define last year's stock market rally is over.
- Bulls may run more from March 2009 lows
(Reuters)
Reuters - Bulls may get more room to run this week on the anniversary of the March 2009 lows -- if U.S. stock investors see more signs of stability after Friday's rally on smaller-than-expected job losses.