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Top Stories 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 and company succeed they could remake a computer giant much as former IBM CEO Lou Gerstner did.
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.
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 8:20 PM EDT
After a horrible August, investors were putting on positions in anticipation of the economy and the market finding a base in September. While there are several reasons why Septembers tend to be bad, this has been a very well telegraphed event, perhaps seeing the bulk of the negative bias played out in August. September will be the end of the third quarter, and for many funds, the end of the fiscal year. This is when those that report quarterly... full story >>