The Dow dips below 13,000 after a key manufacturing index declines. Ford, GM and Chrysler post sales gains. Europe is in focus ahead of an ECB meeting. Netflix sinks on an Amazon streaming deal.
The Fed chairman, addressing a conference in Jackson Hole on Friday, isn't actually expected to use the opportunity to do or say anything dramatic.
July home sales show market strength. Investors hope central bank policymakers will hint at more stimulus. Japan's trade deficit heightens worries about a global slowdown. Dell warns of a tough second half.
Our rally is based on the European stock rally, which signals the worst is over.
The Federal Reserve acknowledged that the economy is slowing, but it didn't act, leaving everyone focused on the European Central Bank's upcoming meeting.
The Federal Reserve may be preparing for another round of quantitative easing. But how will that impact the presidential race?
It wasn't ridiculously low mortgage rates. It was Spain avoiding a depression.
According to analysts' estimates, losses may be as high as $4.2 billion.
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SMART TAXES
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