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U.S. markets advanced for the third consecutive trading session Wednesday after inflation data came in close to expectations. The U.S. Department of Labor said consumer prices rose 0.4 percent in August, in line with the consensus forecast. The figure is also strong enough to shake off worries of deflation, yet low enough to keep inflation worries at bay. Bank of America, Citigroup and General Electric led all companies in trading volume. Istar Financial Inc. led all gainers with stocks...
U.S. markets shook off a recent trend of morning losses and advanced early Wednesday, with inflation data in line with expectations. The U.S. Department of Labor said consumer prices rose 0.4 percent in August, in line with the consensus forecast. The figure is also strong enough to shake off worries of deflation, yet low enough to keep inflation worries at bay. In midmorning trading, the Dow Jones industrial average gained 0.29 percent, 27.81 points, to 9,711.22. The Standard & Poor's...
U.S. markets swung up after an early slide Tuesday as investors digested a slew of economic reports. In its monthly manufacturing survey, the New York Fed said the general business conditions index for the Empire State rose 7 points to 18.9, its highest level since late 2007. The Commerce Department said retail sales rose 2.7 percent in August. The Labor Department said producer prices rose 1.7 percent after falling 0.9 percent in July. In early afternoon trading, the Dow Jones industrial...
U.S. markets swung up after an early slide Tuesday as investors digested a slew of economic reports. In its monthly manufacturing survey, the New York Fed said the general business conditions index for the Empire State rose 7 points to 18.9, its highest level since late 2007. The Commerce Department said retail sales rose 2.7 percent in August. The Labor Department said producer prices rose 1.7 percent after falling 0.9 percent in July. By close, the Dow Jones industrial average gained 56.61...
U.S. markets slid early Tuesday despite a New York Federal Reserve Bank report that said business conditions have improved. In its monthly manufacturing survey, the New York Fed said the general business conditions index for the Empire State rose 7 points to 18.9, its highest level since late 2007. In midmorning trading, the Dow Jones industrial average dropped 10.43 points, 0.11 percent, to 9,616.37. The Standard & Poor's 500 lost 0.23 percent, 2.41 points, to 1,046.93. The Nasdaq...
U.S. markets headed turned in positive numbers Monday on the eve of the anniversary of Lehman Brothers filing for bankruptcy. President Barack Obama addressed the financial community from Federal Hall on Wall Street to press his case for regulatory reform and provide reassurances that the government wants to get out of the bailout business. Markets were in the red most of the day, but climbed to higher ground by the close. The Dow Jones industrial average closed up 21.39 points, 0.22...
U.S. markets headed lower Monday on the eve of the anniversary of Lehman Brothers filing for bankruptcy. President Barack Obama addressed the financial community Monday from Federal Hall on Wall Street to press his case for regulatory reform and provide reassurances that the government wants to get out of the bailout business. In early afternoon trading, the Dow Jones industrial average lost 29.32 points, 0.31 percent, to 9,576.09. The Standard & Poor's 500 fell 0.12 percent, 1.27...
U.S. markets headed lower Monday morning on the eve of the anniversary of Lehman Brothers filing for bankruptcy. President Barack Obama was scheduled to address the financial community Monday from Federal Hall to press his case for regulatory reform and provide reassurances that the government wants to get out of the bailout business. In midmorning trading, the Dow Jones industrial average lost 41.86 points, 0.44 percent, to 9,563.55. The Standard & Poor's 500 fell 0.39 percent, 5.10...
U.S. markets closed slightly lower Friday, a day after U.S. Treasury Secretary Timothy Geithner said the economy was presumed to be growing. The consensus among private forecasters is that our economy is now growing; the financial system is showing signs of repair ... It is clear we have stepped back from the brink, Geithner told members of the Congressional Oversight Panel monitoring the financial recovery effort. By close, the Dow Jones industrial average lost 0.23 percent or 22.07 points,...
U.S. markets wobbled up and down Friday, a day after U.S. Treasury Secretary Timothy Geithner said the economy was presumed to be growing. The consensus among private forecasters is that our economy is now growing; the financial system is showing signs of repair ... It is clear we have stepped back from the brink, Geithner told members of the Congressional Oversight Panel monitoring the financial recovery effort. In early afternoon trading, the Dow Jones industrial average dropped early...
