Pain in Spain hits Wall Street, Texas Instruments off late

NEW YORK (Reuters) – Stocks fell for a second straight session on Monday, as Spain appeared closer to needing a national bailout and poor corporate results weighed on the market. Weak results from McDonald's Corp added to the cautious tone on Wall Street. Materials stocks w
Read More

JPMorgan $2 billion loss hits shares, credit, image

NEW YORK/LONDON (Reuters) – JPMorgan Chase & Co lost $ 15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $ 2 billion trading loss by demanding stiffer oversight for the banking industr
Read More

Surprising JPMorgan loss hits stock market late

NEW YORK (Reuters) – Stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred “significant mark-to-market losses” that it said could “easily get worse.” JPMo
Read More

Dow hits 4-year high, lifted by ISM factory data

NEW YORK (Reuters) – The Dow closed at its highest level in more than four years on Tuesday after U.S. manufacturing expanded at a faster pace than expected in April, easing jitters about a slowdown in the economic recovery. The Dow now sits at levels not seen since December 200
Read More

Uncertainty stalks euro, hits stocks (Reuters)

Reuters – European stocks and the euro were under pressure Tuesday after a euro zone plan to boost crisis funds parked with the IMF failed to reach a hoped-for target, though looming ECB funding for the region’s banks lifted sentiment in some bond markets. Yahoo! News: Bus
Read More

Wall Street hits session lows (Reuters)

Reuters – Bank stocks led a selloff on Wall Street on Thursday after the European Central Bank tempered hopes that policy-makers were priming a much anticipated financial “bazooka,” while European banks were told to increase their capital by 114.7 billion euros. Yaho
Read More