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Top Stories Bond Report: Treasury yields rise from record low Treasury prices fall, pushing 10-year yields up from their lowest level in history, as traders take a breather after a nine-week rally. They await comments from global officials at the weekend’s Group of Eight meeting.
Market Snapshot: U.S. stocks rebound on Facebook U.S. stocks rebound from a week of losses, with shares of Facebook Inc. trading in their trading debut on the Nasdaq.
Currencies: Dollar index slips after 14-session rally The U.S. dollar index edges lower against most major currencies Friday, pulling back a bit after its longest rally since at least 1985, with traders eagerly awaiting news from this week’s Group of Eight meeting.
Earnings Watch: Updates, advisories and surprises A roundup of the latest corporate earnings reports and what companies are saying about future quarters.
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May 18, 2012 11:46 AM EDT
If markets climb a wall of worry, this is certainly a wall of epic proportions. After German Chancellor Merkel made comments that were taken to imply that the Euro-zone problems were insurmountable, the Dow swung from a 120 point gain to a 40 point loss on Wednesday, a late day swing of 160 points. The negative catalyst was of no surprise, as was the drop in the Euro in reaction to Merkel’s comment. It wasn’t the only reason. The recent domest... full story >>