Frank Ingarra News
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U.S. stocks fell, with benchmark indexes retreating from record highs, as concern grew that the Federal Reserve will scale back its stimulus efforts if the labor market continues to improve.
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U.S. stocks slid, dragging benchmark indexes to their worst drop in three weeks, and Treasuries and gold tumbled on concern the Federal Reserve will scale back stimulus efforts if the labor market improves.
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The Standard & Poor’s 500 Index fell, after trimming steeper declines, as speculation European leaders will announce new steps to tame the debt crisis tempered concern the economic recovery is slowing.
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U.S. stocks fell, after the Standard & Poor’s 500 Index yesterday rallied toward a record high, amid concern over Europe’s debt crisis and as pending American home sales slipped in February.
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Fabrice Tourre, the Goldman Sachs Group Inc. executive director who predicted in 2007 he would be “standing in the middle” as subprime securities collapsed, will be the center of attention on Wall Street today.
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Hewlett-Packard Co., the largest personal-computer maker, forecast fiscal second-quarter profit that exceeded analysts’ estimates, helped by cost-cutting measures and recovering demand for enterprise services.
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The Standard & Poor’s 500 Index declined from near a five-year high as Apple Inc.’s slump amid concern about iPhone sales offset a rally in Dell Inc.
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Hewlett-Packard Co., the largest personal-computer maker, forecast fiscal second-quarter profit that exceeded analysts’ estimates, helped by cost-cutting measures and a smaller-than-projected drop in service sales.
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U.S. stocks rose, after benchmark indexes reached five-year highs, as lawmakers voted to temporarily suspend the federal debt limit and technology stocks rallied amid better-than-forecast earnings.
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U.S. stocks swung between gains and losses as the Standard & Poor’s 500 Index headed for its third straight weekly gain amid improving corporate earnings, which helped offset uncertainty about global currency markets.
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