An early US stock rally fades; indexes edge lower
An early stock market rally faded Wednesday, leaving indexes with small losses in early afternoon trading. The price of gold slumped 4 percent as investors became less fearful. A sharp increase in orders for long-lasting goods in July eased fears that the U.S. was headed for another recession. Companies placed more orders for aircraft, automobiles [...]
Wall Street’s wildest week since 2008 continued with another 300-point move for the Dow on Thursday. This time, stocks shot up after investors saw small signs that the economy isn’t headed into another recession. Fewer Americans joined the unemployment line last week and a technology bellwether said revenue could grow faster this quarter than analysts [...]
Continue reading …Back to reality for the stock market — and back down. Wall Street focused Wednesday on the bleak landscape ahead for the economy and sold off, wiping out the big gains from a day earlier and then some. The Dow Jones industrial average closed down 519 points. The selling was intensified by worries about debt [...]
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