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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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
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.
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