Bank stocks took a nosedive Friday, as investors worried about dour economic data and questions about how soon aid for the financial sector will arrive.
Treasury prices hovered in a tight range Friday after a report showed the nation's economy shrunk in the fourth quarter and economists debated how to rescue the banking system.
The dollar gained against the euro Friday after a European Union report showed euro-zone inflation fell to a near-10 year low and unemployment in the region rose to a two-year high.
Bank stocks took a nosedive Friday, as investors worried about dour economic data and questions about how soon aid for the financial sector will arrive.
The price of gold continued to climb Friday after a bout of grim economic news increased the precious metal's safe-haven appeal.
Oil prices rose Friday as the possibility of an oil workers' strike in the United States weighed on investors.
Stocks slipped Friday afternoon as investors mulled abysmal reports on economic growth and quarterly earnings.
Treasury prices hovered in a tight range Friday after a report showed the nation's economy shrunk in the fourth quarter and economists debated how to rescue the banking system.
Businesses largely moved out of a Federal Reserve lending program this week, signaling a shift in how companies are choosing to borrow money.
U.S. stocks were set to fall at the open on Friday after a report that the fourth quarter gross domestic product fell by an annual rate of 3.8%.
The dollar gained against the euro Friday after a European Union report showed euro-zone inflation fell to a near-10 year low and unemployment in the region rose to a two-year high.
The Obama administration is intent on fixing the banks. But doing so won't be simple or cheap.
Post a Comment