U.S. stocks climbed, sending the Standard & Poor’s 500 Index within two points of its record high, as government data showed jobless claims unexpectedly dropped last week to the lowest level in almost two months.
U.S. stocks rebounded from the worst slump since November as German business confidence jumped to a 10-month high and earnings from Hewlett-Packard Co. and American International Group Inc. topped estimates.
U.S. stocks fell, after a two-day advance in the Standard & Poor’s 500 Index, as corporate earnings reports disappointed and European policy makers warned the euro’s advance could hamper the region’s recovery.
The lockstep moves in global stocks that dominated equity markets for the past six years are breaking down at the fastest rate on record, a sign investor confidence is finally returning from the financial crisis.
U.S. stock markets must prove that competition limits the fees they charge brokers and other firms for real-time quotation data, after a court rejected the Securities and Exchange Commission’s approval of charges proposed in 2006, a lawyer for Nasdaq OMX Group Inc. said.
Morgans Hotel Group Co., which operates the Royalton and Mondrian boutique brands, put its 195- room Delano South Beach property in Miami Beach, Florida, on the market, according to the broker with the listing.
U.S. stocks tumbled, capping the biggest weekly drop since January, as criminal investigators took aim at Goldman Sachs Group Inc. and technology shares slid after MEMC Electronic Materials Inc. posted a loss.