Stocks surge on improved private-sector employment; jobless claims slip. Starbucks, AIG and Priceline earnings impress. Crude is up in New York but down in London.
Stocks rally but retreat after the government says the unemployment rate falls to 7.8%, lowest since 2009. Apple, Zynga and Facebook lead a pullback. Crude oil falls below $90. Alcoa starts earnings season on Tuesday.
Facebook's IPO may value the company at as much as $96 billion. The Dow falls 62. Energy shares lag the market. Growth in the services sector is slowing. Jobless claims fall. Green Mountain Coffee shares are crushed.
Amazon.com's profit beats Street estimates. Starbucks shares drop on Europe weakness. Investors applaud Bernanke's promise of Fed support in a market panic. March pending home sales are the best in 2 years. Exxon and UPS results disappoint.
But Amazon.com shares slump as revenue misses estimates. Chicago purchasing managers are less optimistic. Home prices drop to 2003 levels. Exxon and Radio Shack earnings disappoint. Mattel cheers.
Good economic news on bank lending and business in Texas helps investors get past fears that Greece won't cut a debt deal. Gold and oil dip. Pep Boys will go private. US Airways rises on takeover chatter.
The blue chips fall 74 after the government says fourth-quarter growth is 2.8%; Wall Street was expecting 3%. Facebook may file for its IPO next week. Ford, Chevron and Starbucks drop on earnings letdowns.
Stocks rally for a second day on growing confidence Greece will enact new austerity measures. Nike's results push shares higher. Home prices in April were off 4% from a year ago -- but up from March.
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