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New York shares swung within a 100-point range in morning trading as Wall Street held its breath ahead of a decision by the US Federal Reserve to cut interest rates tonight. The Dow Jones Industrial Average traded rose by as much as 80 points but also...
Tags: wall street, street economists
Wall Street dropped sharply in early trading Tuesday, as oil jumped by over three U.S. dollars a barrel and analysts reduced earnings estimates for banks. Crude oil rebounded above 143 dollars a barrel in early trading amid concerns of tensions in...
Tags: factory orders, wall street, orders rose, Commerce Department, bear market, positive trends, economic problems, street economists, Thomson Financial, economists survey
Cash from government stimulus checks helped push U.S. retail sales up at twice the rate expected in May but the strength could be fleeting as households contend with soaring prices and the worst housing slump in decades. The full percentage point gain...
Tags: retailers sales, Commerce Department, rebate checks, U.S, wall street, street economists