U.S. stocks fell, after the Dow Jones Industrial Average dropped to the lowest level since June yesterday, as Wal-Mart Stores Inc. forecast earnings that missed estimates and lawmakers prepared for budget talks.
Newsletter writers became more optimistic about stocks amid the biggest slump in the Standard & Poor’s 500 Index since 2008, a sign the market retreat may not be over, according to Miller Tabak & Co.’s Peter Boockvar.
Lenders could lose $168 billion if banks sell loans into the Public-Private Investment Partnership at market prices instead of their balance-sheet valuation, Jamie McGee and Margaret Chadbourn of Bloomberg News report, citing estimates in regulatory filings.
U.S. stocks rose, giving the Standard & Poor’s 500 Index its first back-to-back weekly rally since April, on speculation central banks will act to boost the economy as investors awaited Greek elections this weekend.
U.S. stocks fell, sending the Standard & Poor’s 500 Index to its longest losing streak in seven weeks, as banks dropped on concern over financial regulation and after the cost to protect from a Greek default surged to a record, while consumer shares retreated.
Funds that invest in debt securities issued by state and local governments fell the most in two years today as losses in the municipal bond market were exacerbated by a rise in their cost of borrowing.
U.S. stocks rose, as the Standard & Poor’s 500 Index rebounded from a three-day slump, after Sears Holdings Corp. ’s profit forecast and Lennar Corp.’s earnings beat estimates, while higher oil prices boosted energy shares.