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September 8, 2010 10:28 AM EDT
Economic Strength Trumps Dollar’s Bounce

Sometimes, good news works against you. We had a nice mixture of positive and negative data on Wednesday, causing the markets to move sideways for much of the session. Housing was a mix of good and bad news. Mortgage applications fell 2.1% for the week ending February 12th after falling 1.2% the prior week. Essentially, extending the home-purchase program has lost its steam, and it is starting to show. Meanwhile, Housing Starts for Ja... full story >>


Top Stories

Movers & Shakers: Wednesday's biggest gaining and declining stocks

Microtune, Navistar, NetSol, Talbots, Wet Seal, ZymoGenetics were among the stocks making notable moves in Wednesday's stock market.



Europe Markets: European markets reverse losses to trade higher

A successful Portuguese debt auction provides some relief, although bank stocks are mostly lower.



Market Snapshot: U.S. stocks rise as Europe worries fade

NEW YORK (MarketWatch) -- U.S. stocks bounced back from the previous day's declines as concerns about European bank health subsided.



Currencies: Dollar weaker against euro, U.K., Canadian units

The U.S. dollar weakens versus most major rivals on Wednesday amid better news out of Canada and the U.K. and a positive opening for U.S. stocks.





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Overnight Stocks

RHHBF, NVS, BIIB - U.S. health regulators are reviewing potential risks of medicines from Roche Holding AG, Novartis AG  and other cos. The FDA said it was probing reports of hearing loss with NVS's cancer drug Gleevec, hypothermia with RHHBF's f...


JNJ +/- Johnson & Johnson announced plans to cut the yearly performance bonus targets for 38% of its employees and freeze salaries for certain workers, according to an internal announcement and other company documents. JNJ told employee...


QUBSF +/- Qantas Airways said it was axing first class from all but a handful of routes in a major overhaul as half-year profits slumped 72% to US$52M (S$73.1M). CEO Alan Joyce said passengers would only be able to fly first class between Aus...


Federal Reserve Minutes +/- Minutes of the Federal Reserves's Jan. policy meeting, released Wed., showed officials agreed that the most likely next move will be an increase in an interest rate the Fed charges on emergency loans to banks, the discount rate, now at 0...


Manufacturing + Manufacturers are seeing more signs that the U.S. economic recovery is on a solid footing, opening the way for new hiring as well as call-backs for factory workers laid off during the depths of the recession. The Federal Reserve said&nbs...




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Ups & Downs

CHE  
RBCM 
DOWN  
NILE  
ARGS 
DOWN  
PAAS  
RBCM 
DOWN  
PAET  
DADA 
DOWN  
PVA  
LEHM 
DOWN  
ABFS  
KEYB 
UP  
AMTD  
FBRC 
UP  
ANAD  
NRLD 
UP  
CPKI  
SALI 
UP  
DWA  
TWPT 
UP  


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