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Top Stories Asia Markets: Asia stocks rise in choppy session Asia markets gain in choppy trading as investors absorb details of a European leaders’ summit and look toward Chinese manufacturing data due later in the day.
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.
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May 23, 2012 9:09 PM EDT
It was quite a week for the bulls. After months of disappointing economic data that suggested increasing odds of a double-dip recession and possible deflation, fears were put to rest. It wasn’t that the economy saw a turnaround. The third quarter is weakening, as anticipated, but not falling off of a cliff. It all started with the revision to 2nd quarter GDP. Expectations were fading daily, looking for weakness by the consumer, busi... full story >>