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After seeing oil prices skyrocket from days of turmoil in Libya, investors now must grapple with political protests in the world's top oil exporter, Saudi Arabia, and the impact of Japan's biggest earthquake on record.
The GM IPO could wind up as the largest in history. Earlier this week, GM raised the high end of its initial price range from $29 to $33 and increased the number of shares it was offering from 365 million to 478 million common shares because investor demand was so high. Counting preferred stock issued by the company, the deal's value could top $23 billion.
Without a boost from Washington or data showing budding strength in the economy, Wall Street's rally may be running out of fuel as the S&P 500 eases off its 2010 high.
The stock market staged its biggest rally since May on Wednesday, driving the Dow Jones industrial average above 10000, as investors rushed to buy blue-chip shares near their lowest levels this year. The hope was that coming quarterly ...
Stock futures were only slightly higher after weekly jobless claims showed only the slight improvement already expected by economists. Several major Wall Street banks slipped in premarket trading.
Wall Street shares were slightly lower as investors tried to assess the fallout from Dubai’s debt crisis as well as retail sales from the kickoff of the Christmas shopping season.