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Top Stories Latin American Markets: Brazil stocks fall as Greece fears accelerate Brazilian stocks fall on heightened fears that an exit from the euro zone by Greece will result in costly damage for the key export region.
Market Extra: Facebook order canceled? Not so fast A young retail investor relates how his brokerage tells him a Facebook order he cancelled amid the IPO debut’s trading problems on Friday may get filled, at the reduced value. Such anecdotes risk killing already shaky retail interest in stocks.
MarketWatch First Take: H-P’s Whitman takes charge with big cuts Hewlett-Packard will see its biggest number of job cuts ever, but if Whitman & Co succeed they could remake the computer giant in the same manner that former IBM CEO Lou Gerstner did with his revival plan.
After Hours: H-P climbs, NetApp tumbles in after-hours trade Tech-sector heavyweight releases better-than-expected quarterly results and a plan to cut thousands of jobs, while a weak forecast from the storage-technology firm sinks its shares.
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May 23, 2012 7:53 PM EDT
It appears that the economy was plugging along at a slowing pace in August, but not as much as some have feared. There were three pieces of August data out. The Chicago Purchasing Managers’ Index came in a little shy of expectations, 56.7 versus a consensus forecast for 57.0. This was down from 62.3. The Milwaukee NAPM was also slightly below expectations at 59.0 versus 60.3. July was up at 66.0. Investors reacted by being more relieved than d... full story >>