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Obama administration officials have determined they can avoid asking Congress for more bank bailout funds by converting existing loans to the largest U.S. banks into common stock, The New York Times reported on Sunday.

Mattel posted a wider first-quarter net loss on a 15% drop in revenue, but Barbie sales rose in the U.S. sales. The stock jumped.

Shares go on a roller coaster, first dropping sharply on reports that bondholders were pushing to force the company into Chapter 11, and then rising fast on news that it cut a deal with its joint-venture partner on its multibillion-dollar CityCenter project.

Investors also cheered by agreement to alter rules on how banks value distressed assets.

Stocks crawled out from under a deep early drop after an encouraging report on manufacturing offset grim employment figures.

Stocks slumped on worries about the auto sector and more selling in financials. The Dow industrials fell about 200 points.

Building on what could be one of Wall Street's strongest monthly performances ever, the Dow soared 175 points and the Nasdaq Composite turned positive year-to-date Thursday thanks to big gains from tech stocks and retailers.

Markets rebound following report that durable goods orders showed an unexpected increase.

Stocks retreated as investors cashed in on their profits a day after Wall Street rallied on new details regarding Washington’s bank-rescue plans.

Investors respond positively to plan to remove up to $1 trillion in bad assets from banks' books.