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September 8, 2010 10:17 AM EDT
Indigestion

 

There was a lot to digest yesterday, in what should have been a fairly benign trading day. Federal Reserve Chairman Ben Bernanke goes before Congress today, in the first of two days of hearings. That should have put many on hold. However, the Treasury made an announcement at noon, increasing its supplementary Financing Program, SPF, to $200 billion from $5 billion. There will be eight $25 billion, 56-day SPF bill sales, each Wedne... 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

AAPL +/- An Apple Inc. senior executive said that the iPhone and Mac maker has looked at large cos. as part of its mergers and acquisition strategy, but none have passed muster. COO Tim Cook noted AAPL has traditionally made small acquisitio...


Fed Pres Bullard +/- St. Louis Federal Reserve Bank President James Bullard said on Tues. that regulatory reform proposals before Congress probably won't prevent a future crisis and could hamper the central bank's ability to deal with one. Fed Pres Bull...


C + Citigroup Inc. is in talks to sell a hedge-fund business with about $4B in assets as the bank co. continues to whittle down a $547B pool of assets marked for sale, according to people familiar with the sale talks. SkyBridge Capital, a NY...


Consumer Confidence - ABC News reported that its weekly measure of U.S. consumer confidence slipped
further toward its all-time low, indicating that American households are becoming ever more fretful over their personal finances. The ABC Consumer Comfort Ind...


NMR +  Nomura Holdings Inc. will almost triple annual salaries for some investment-banking and trading recruits, closing a compensation gap with workers who joined in the 2008 takeover of Lehman Brothers Holdings Inc.’s Asian unit. 




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Ups & Downs

AUO  
OPCO 
DOWN  
BRCD  
RBCM 
DOWN  
BRCD  
STFL 
DOWN  
BRCD  
JEFF 
DOWN  
CPB  
DBAB 
DOWN  
APEI  
SALI 
UP  
AVAV  
RHCO 
UP  
CPN  
UBSW 
UP  
LAMR  
JEFF 
UP  
LFC  
HSBC 
UP  


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