Investors fear failure to fix the fiscal cliff will lead to recession. European stocks slump after ECB President Draghi says even Germany is weakening. Apple has fallen 20% since September. Bank and energy stocks fall. Oil and gold slip.
The Dow ends up 90 after the Fed Chairman says the central bank won't shy from trying to boost the economy. Facebook hits a new low. Gold hits a 5-month high. September historically can be rough.
The Fed chairman is worried about Europe and the 'fiscal cliff' but avoids saying how the central bank may boost the economy. Mattel and Coca-Cola lead a rebound from an early pullback. Intel shares rise on 2nd-quarter results. Crude oil rises.
The Fed chairman tells Congress that recent improvements in the US economy may lessen the need for further monetary easing.
Investors want to see if Friday's unemployment numbers show a growing economy -- or not. Green Mountain Coffee Roasters' results cheer the Street. Jobless claims drop. Macy's boosts 2012 guidance. Zynga shares jump on Facebook excitement.
Prices rally as the Federal Reserve chief says the central bank will discuss whether to implement any new stimulus measures at its September meeting.
The Federal Reserve's rate-making body will certainly promise Tuesday to keep rates low. It may hint at another program to boost the economy, but don't look for a blockbuster move.
The central bank sees depressed real estate and supply disruptions from the Japanese earthquake hampering the recovery. But inflationary pressures should ease. Jabil Circuit shares jump on decent earnings. Oil and gold rise.
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