Stocks slump in volatile trading
June 22nd, 2010 admin
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Stocks slipped Tuesday, giving up earlier gains in a very choppy session, amid a worse-than-expected existing home sales report and the latest on the European debt crisis.
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Stocks slipped Thursday, erasing earlier gains as worries about a sputtering economy overshadowed a better-than-expected report on jobless claims.
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U.S. stocks closed sharply lower Tuesday after a report showing showing a worse-than-expected plunge in existing home sales reignited fears about an economic slowdown.
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Stocks rallied Tuesday, with the Dow, Nasdaq and S&P 500 ending at new 18-month highs following the release of a better-than-expected existing home sales report that suggests a slow economic rebound.
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Stocks ended little changed Friday as investors showed caution after a surprise drop in existing home sales, a surprise rise in GDP growth and AIG’s worse-than-expected quarterly decline.
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Stocks seesawed Tuesday, losing steam late in a volatile session, as investors welcomed Europe’s $1 trillion aid package, but showed caution amid the recent market turmoil.
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Stocks seesawed Monday as investors welcomed a bigger-than-expected rise in existing home sales but remained worried about the global economic outlook.
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Stocks ended a choppy session lower Monday as investors weighed earnings news, President Obama’s health care proposal and Schlumberger’s $11 billion buyout deal for oil services rival Smith International.
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Stocks slipped Thursday, but managed to trim bigger losses, after worse-than-expected readings on manufacturing, housing and the labor market fueled fears that the economy is heading for another recession.
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U.S. stocks were poised to drop at the start of Wednesday’s session, as investors reacted to a worse-than-expected loss from Bank of America and pondered a change in the balance of power in Washington.
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Stocks turned up during the last hour of trade Friday after a choppy session, erasing deep losses triggered by a disappointing retail sales report, and the Dow posted its first weekly gain in a month.
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