The Dow hits a 2-year high before falling back to a 39-point gain when a rising dollar stalls the rally. Gold and crude oil tumble. Bank of America slides on mortgage fears.
A morning recovery falls apart as a weak report on jobless claims disappoints investors. Wall Street cheers Nike earnings. Gold moves higher, and Starbucks raises prices.
Better-than-expected reports on jobless claims and the trade deficit set off an early rally. Profit-taking and worries about European banks trim gains. McDonald's August sales don't excite.
Shares of the fast-food chain soar after 3G Capital says it will buy the company for $24 a share.
There will be more fallout from the SEC's fraud charges against Goldman Sachs. But expect good earnings from Apple, Coca-Cola, AT&T, McDonald's and others.
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