U.S. stocks stepped sharply higher on Tuesday, with investors expressing relief after China reduced its benchmark lending rate for the fifth time since November and cut the level of cash reserves required of banks.
U.S. stocks took it on the chin for a third session in a row on Monday, after an attempted bounce-back lost steam, leaving the Standard & Poor’s 500 Index in a correction.
Stocks plunged Monday after the opening bell, following the lead set by overseas markets as an intensifying rout persisted in all but assets viewed as safe havens.
S&P Dow Jones Indices says that American Airlines Group will soon be joining the S&P 500 index.
Twitter had a strong public stock debut Thursday in the most highly anticipated initial public offering since Facebook’s last year.
A government lawyer told jurors that billionaire Dallas Mavericks owner Mark Cuban had an unfair and illegal advantage over other investors when he dumped $7.9 million in shares of an Internet company and then lied about why he sold.
During his second day of testifying, Dallas Mavericks owner Mark Cuban told jurors he could have settled the insider trading civil lawsuit filed by the SEC but he didn’t because he had done nothing wrong.
Students in the Greenhill School business club have $100,000 in real cash to use on Wall Street.
Stocks are moving sharply higher on Wall Street after lawmakers reached a last-minute budget agreement to avert sweeping tax increases and cuts to government spending programs.
J.C. Penney Co. executives may be confident in the department-store chain’s everyday pricing strategy, but investors are panicking. The Plano-based company’s stock fell nearly 11 percent on Monday.
Though Hurricane Sandy has yet to officially make landfall on the East Coast, the U.S. stock market is already feeling the impact. The U.S. Stock and Options Exchange is closed on Monday and Tuesday.
The hype surrounding Facebook continued on the second day of trading. After closing only $0.23 above the IPO price on its debut, the stock dropped 11 percent on day two, down $4.20 cents.