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Chip Cutter

Stocks slide on JPMorgan; tech rally trims losses

Chip Cutter The Associated Press

Last updated Thursday, October 13, 2011 - 5:44pm

NEW YORK -- Stocks sank Thursday, ending the fastest rally in the S&P 500 since March 2009.

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Banks lead Dow lower after JPMorgan Chase earnings

Chip Cutter The Associated Press

Last updated Thursday, October 13, 2011 - 8:25am

NEW YORK -- Banks are leading the stock market lower after JPMorgan Chase's income fell in the third quarter because of weakness in its investment banking division.

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(RICHARD DREW/The Associated Press) Trader Edward Curran works on the floor of the New York Stock Exchange. European stocks rose Wednesday as investors shrugged off Slovakia’s rejection of Europe’s bailout fund and focused on hopes that a possible workaround solution would be found before a summit of EU leaders next week.

Stock futures rise on hopes for European plan

Chip Cutter The Associated Press

Last updated Wednesday, October 12, 2011 - 7:21am

NEW YORK — Stock futures rose Wednesday on hopes that Europe will finally take the bold steps needed to stem its financial crisis.

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(PETR DAVID JOSEK/The Associated Press) Richard Sulik, center, leader of the Freedom and Solidarity Party and Parliamentary Speaker of Slovakia starts a Parliament session during which the lawmakers will vote on approval for more power to the EU bailout fund, in Bratislava, Slovakia, Tuesday, Oct. 11, 2011. Slovakia is the last eurozone country to vote on the fund. The 17 nations that use the euro must all approve expanding the powers of the bailout fund, which is designed to shore up Europe’s defenses against the debt crisis.

Stock dip ahead of Slovakia vote on rescue fund

Chip Cutter The Associated Press

Last updated Tuesday, October 11, 2011 - 8:01am

NEW YORK — Stocks are falling on worries that Slovakia might not approve a plan to strengthen Europe’s bailout fund. That could complicate efforts to deal with the region’s debt crisis.

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(RICHARD DREW/The Associated Press) In this Oct. 10, 2011 photo, specialist Joseph Dreyer, right, works at his post on the floor of the New York Stock Exchange. Concerns that Slovakia might not approve a stronger European bailout fund _ seen as necessary to beating a path out of the continent’s current debt crisis weighed on markets Tuesday, Oct.11, 2011.

Stock futures slip after Dow’s 330-point rise

Chip Cutter The Associated Press

Last updated Tuesday, October 11, 2011 - 7:13am

NEW YORK — Stock futures are falling a day after the Dow Jones industrial average posted its largest gain since early August.

Business, Bailout, Dow Jones Industrial Average, Nasdaq, S&P 500, Stock Market, Wall Street, Europe, National Read more Comments

Stocks soar on European pledge to help banks

Chip Cutter The Associated Press

Last updated Monday, October 10, 2011 - 4:30pm

NEW YORK -- What bear market?

Stocks surged on the latest positive news out of Europe Monday, the fourth sharp increase in the last five days. It's a dramatic turnaround from last Tuesday, when the S&P 500 index nearly fell enough to meet the definition of a bear market. Since then the widely used index has soared 8.7 percent.

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(MARTIN MEISSNER/The Associated Press) German chancellor Angela Merkel (right) and French President Nicolas Sarkozy talk to the media after a meeting on the financial crisis in Berlin, Germany, Sunday, Oct. 9, 2011. The two leaders of the eurozone’s two biggest economies, say they have reached agreement on strengthening Europe’s shaky banking sector.

Stocks jump on European pledge to help banks

Chip Cutter, Francesca Levy The Associated Press

Last updated Monday, October 10, 2011 - 10:14am

NEW YORK -- Stocks are rising sharply after the leaders of France and Germany promised to strengthen Europe's banks.

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FILE - In this Sept. 22, 2011 file photo, Gregory M. Rowe with Livermore Trading Group Inc., works on the floor of the New York Stock Exchange. Stocks were buoyed Thursday, Sept. 29, 2011, after Germany's parliament overwhelmingly approved the strengthening of a bailout fund intended to help European countries mired in debt crises. (AP Photo/ Louis Lanzano, File)

Stock futures up as unemployment applications fall

Chip Cutter The Associated Press

Last updated Thursday, September 29, 2011 - 9:49am

NEW YORK — Stock futures rose sharply Thursday after applications for unemployment benefits fell to a five-month low. The government also reported that the economy grew slightly faster in the spring than previously reported.

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Dow drops 180 points, ending 3-day winning streak

Chip Cutter The Associated Press

Last updated Wednesday, September 28, 2011 - 4:30pm

NEW YORK -- A three-day winning streak in the stock market came to an end Wednesday as investors worried about Europe's ability to contain its debt crisis. The Dow Jones industrial average fell 180 points. Raw materials companies had the biggest declines after prices for commodities like copper and oil fell sharply.

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(PAUL SANCYA/The Associated Press ) Line worker Bill Brokeshire assembles 2012 Ford Focus vehicles at the Michigan Assembly Plant in Wayne, Mich. A slump in demand for autos and primary metals pushed orders for long-lasting manufactured goods down in August following a big increase in July. The August setback underscored that the manufacturing sector has slowed in response to weak consumer demand.

Stock futures rise following durable goods report

Chip Cutter The Associated Press

Last updated Wednesday, September 28, 2011 - 7:40am

NEW YORK — Stock futures are higher Wednesday after a report on U.S. manufacturing was better than expected. Investors also continue to anxiously eye developments in Europe.

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Stocks rise for third day on optimism about Europe

Chip Cutter The Associated Press

Last updated Tuesday, September 27, 2011 - 5:06pm

NEW YORK -- Stocks rose broadly Tuesday on hopes that Europe was moving closer to resolving its debt crisis. The Dow Jones industrial average closed up 146 points as industrial and materials companies led the market higher.

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In this Sept. 22, 2011 photo, traders work on the floor of the New York Stock Exchange, in New York. Hopes that European leaders will consider new ways to fight the debt crisis, including a contained Greek default, reassured investors on Monday, Sept. 26, 2011, though analysts said more specifics will have to emerge before a rally gains traction. (AP Photo/ Louis Lanzano)

Stock futures rise on hopes of Europe debt deal

Chip Cutter The Associated Press

Last updated Tuesday, September 27, 2011 - 9:59am

NEW YORK — U.S. stock futures rose Tuesday on hopes that European leaders were moving closer to a plan to contain the region’s debt crisis.

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Stocks jump on hopes for a Europe fix; Dow up 272

Chip Cutter The Associated Press

Last updated Monday, September 26, 2011 - 5:22pm

NEW YORK -- Stocks had their biggest gains in more than two weeks Monday after European officials pledged to take action to resolve the region's debt problems. The Dow Jones industrial average jumped 272 points, making up about a third of last week's losses.

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Stocks rise on hopes of new debt plan in Europe

Chip Cutter The Associated Press

Last updated Monday, September 26, 2011 - 9:07am

NEW YORK -- Stocks are edging higher on hopes that European leaders will come up with a new strategy to resolve the region's debt crisis.

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Stocks plunge after Fed announces stimulus steps

Chip Cutter The Associated Press

Last updated Wednesday, September 21, 2011 - 5:31pm

NEW YORK -- The Federal Reserve did what investors expected Wednesday -- it said it would buy Treasury bonds to help the economy. But stocks fell anyway. The reason? The Fed made it clear that it thinks a full economic recovery is years away.

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