Any hopes for a post-election honeymoon in the stock market were dashed quickly this morning as prices retreated in the face of souring employment data, particularly in the all-important services sector.
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Major stock indexes jumped smartly this morning to stage one of their biggest election day rallies in years.
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For two decades, Danny Lockwood believed that investing in the stock market was essential for a comfortable retirement.
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Let’s face it: Opening your third-quarter mutual fund or 401(k) statement will be like dropping a bowling ball on your toe.
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Less than an hour after the stock market closed Monday with a record 777-point drubbing in the Dow Jones industrial average, financial planner Mark Wilson got an anguished call from a longtime client.
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Even General Electric Co., one of the world’s largest and most respected companies, needs a helping hand during a financial crisis.
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The tentative agreement Sunday on a $700-billion financial system rescue package would provide a badly needed psychological boost on Wall Street but wouldn’t be an immediate panacea for the economy or housing market, experts predicted.
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As Congress wrestles with a $700-billion plan to buy up bad mortgages, many on Wall Street say the situation in the banking system has become desperate.
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NEW YORK – The stock market battled back from a sharp early decline this morning following the stalled negotiations on a financial-system rescue plan, but the jittery credit markets remained on edge.
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NEW YORK – Stock prices rallied today for the first time this week on hopes that federal lawmakers will soon reach agreement on a proposed $700-billion plan to resuscitate the financial sector.
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