SAN FRANCISCO (MarketWatch) — The recovery rally in U.S. stocks will face a major economic hurdle in the coming week, as the first reports about consumer spending in August are due alongside concerns that the credit crunch of last month has spread to the retail markets.
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Wall Street closed out another erratic week with a big gain Friday after investors took comments from President Bush and Federal Reserve Chairman Ben Bernanke as reassuring signs Wall Street won’t be left to deal with problems in the mortgage and credit markets on its own.
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Reassuring words from the Federal Reserve and the White House helped bolster NASDAQ stocks Friday.
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Stocks got a lift on signs that the government will act to stem the turmoil in the rocky mortgage industry. The NYSE composite gained 1.5%, and…
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Stocks gained steam Friday, thanks to encouraging comments from Federal Reserve Chairman Ben Bernanke and President Bush.
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WASHINGTON (MarketWatch) — Idaho Sen. Larry Craig, facing sharp criticism from fellow Republicans in the wake of his June arrest in an airport men’s room, will announce his resignation Saturday, according to news reports.
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Ben Bernanke said the Federal Reserve would act as needed to ease the impact of recent market turmoil on the economy, in a speech widely interpreted as opening the door to possible interest rate cuts
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Investors were buzzing on the possibility of a sale to the mega-conglomerate.
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The Fed chief’s Aug. 31 speech only touched on current economic and market conditions, offering no clear signals on the next policy move
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SAN FRANCISCO (MarketWatch) — Sen. Larry Craig will announce Saturday he plans to resign from the U.S. Senate, the Associated Press reported late Friday, citing Republican officials. The Idaho Republican has faced calls for his resignation following news of his arrest and guilty plea in a police sex sting in an airport men’s room, the AP reported.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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