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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. See All Top Stories >> |
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It was a busy week, and a very telling week. What moved the market down were housing data, jobs, and consumer confidence. What brought the market back was the implication that core business was holding firm. First and foremost, housing was hammered. New Home Sales fell 11.2%. Existing Home Sales fell 7.2%. Home prices fell 1.6%. Mortgage applications were off by 8.5%. To top it all off, there was a report from CoreLogic saying tha... full story >>