Shares rebound from early selling. General Motors files to go public. Target and Chico's FAS spark a rebound in retail stocks. Takeover talk swirls around US Steel.
The Dow climbs 104 but loses 40% of its gain near the close. Home Depot and Wal-Mart earnings cheer investors. Potash of Saskatchewan says a $38 billion offer is too low.
The company's shares have been battered by the flap over cash payments received from Intel. Second-quarter earnings, due Thursday, are important to reestablish its credibility.
The Nasdaq and S&P 500 show small gains after 4 straight losses; the Dow is off 1 point. More evidence shows a weakening economy. Gold moves up. Home Depot and Wal-Mart report Tuesday.
But the New York Federal Reserve Bank sees wariness among manufacturers about the future. They may be starting to hire, the Fed says.
Retail sales show some gains. Consumer inflation is in check. But market sentiment is lacking. The Dow slips 17. Unica and Autodesk show gains. J.C. Penney's weak outlook disappoints.
Bloomberg research finds that companies making the largest mergers and acquisitions see their stocks suffer for years.
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These days, they are buying high and selling higher, and think their stock picks are protected by good fundamentals.
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.
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.