Traders returned to Wall Street on Tuesday from a long holiday weekend and promptly began to buy.
Shares in Europe and Asia were also higher as investors tried to recover losses that piled up after a string of disappointing economic reports.
The jump as investors looked past a report that growth in services businesses slowed last month. [...]
Posts Tagged ‘bank stock’
Wall Street Traders Return and Start Buying
July 6th, 2010 by Financial Writer
Tags: bank of england, bank stock, businesses, consumer spending, Dow Jones Industrial, economic growth, economic reports, economists, european central bank, investors, Nasdaq composite, wall street, world economic
more...Bank stocks get hammered
June 29th, 2010 by Financial Writer
Bank stocks tumbled Tuesday on the heels of negative global economic data and concern that a financial reform bill won’t pass in the Senate.
Morgan Stanley (MS, Fortune 500), Bank of America (BAC, Fortune 500) and JPMorgan (JPM, Fortune 500) all closed about 4% lower.
Those stocks slid amid renewed concern that the Wall Street reform bill [...]
Tags: bank of america, bank stock, economic, financial, financial system, Global Economy, loans, money, us economy
Obama hits Wall Street, pushes for bank limits
January 22nd, 2010 by Financial Writer
Embracing Depression-era policy and populist politics, a combative President Barack Obama chastised big Wall Street banks Thursday and urgently called for limits on their size and investments to stave off a new economic meltdown.
Investors responded by dumping bank stock.
Obama’s rhetoric covered the whole financial industry, but the key changes will affect only a few high-profile [...]
Tags: bank limit, bank stock, barack obama, economic meltdown, financial industry, investors, wall street
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