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Ford Motor Co. said Wednesday its March sales in the U.S. fell 41 percent from a year earlier as low consumer confidence and job uncertainty continued to worry car buyers.
The U.S. economy shrank at its fastest pace since 1982 in the fourth quarter and corporate profits plunged a record $120.1 billion, pulled down by falling consumer spending and exports, government data showed on Thursday.
The International Air Transport Association said it expected airlines to make a $4.7 billion loss in 2009, almost double the $2.5 billion loss it had originally forecast.
The Dow soars more than 300 points after the banking company reports that it was profitable through the first two months of the year. Other financial stocks also gain. Good news from a bank -- finally -- is sending the stock market to its best gain this year.