The Dow nearly hits 11,000 but ends off 19 points. Investors cheer Alcoa results. Retailers see decent September sales. Analysts see the U.S. jobless rate rising to 9.7%.
Apple will redesign its popular cell phone to work on Verizon's network. The move could hurt AT&T, Google and Research In Motion.
The Dow finishes up slightly, but weakness in Citrix and Equinix pushes the Nasdaq down nearly 1%. ADP reports a surprising job loss in September. Verizon will get the iPhone.
Analysts see the odds of another recession rising because of increasing unemployment and the threat of deflation.
Economist Martin Feldstein says a new program to refinance mortgages is needed to prevent a steep decline in home prices. He would extend the Bush tax cuts but only for two years.
But earnings don't impress Wall Street after hours. BlackRock and Talbot's also see declines, despite today's big rally.
Growth in the service sector shows renewed stability in the economy. Japan cuts its key rate to boost exports. Gold and oil jump.
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The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Joe Cantrell says he faces charges after trying to take advantage of the retailer's policy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.