Stocks tumbled Thursday afternoon as more dire news on earnings, housing and employment refocused investors after a multi-session rally on optimism about the plans to stabilize the economy.
The U.S. dollar was mixed against rival currencies Thursday as investors responded to dour economic reports and bet on additional interest rate cuts in Europe.
U.S. stock futures fell Thursday, as investors took a breather after the recent three-day rally and refocused their attention on the economic challenges ahead.
Oil prices sank Thursday as a sour housing market sent signals that demand would continue to remain low as the economic crisis rolls on.
Stocks tumbled Thursday afternoon as more dire news on earnings, housing and employment refocused investors after a multi-session rally on optimism about the plans to stabilize the economy.
Read full story for latest details.
The U.S. dollar was mixed against rival currencies Thursday as investors responded to dour economic reports and bet on additional interest rate cuts in Europe.
Government debt prices were mostly unchanged Thursday ahead of a record-sized auction as the House of Representatives passed a massive stimulus bill.
U.S. stock futures fell Thursday, as investors took a breather after the recent three-day rally and refocused their attention on the economic challenges ahead.
Read full story for latest details.
The Obama administration is trying to fix the bank bailout process. But they have their work cut out for them.
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