The Lehman Bros. collapse, two years ago today, set off a huge stock market crash. While much of the market still hasn't recovered, there are winners.
The Empire State Manufacturing index drops 3 points, coming up short of expectations.
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.
The Fed chairman says he'll backstop the economy, no matter what. Hewlett-Packard boosts its 3Par bid. Intel cuts guidance. United Air-Continental merger is OKd.
The blue chips reverse an early 102-point decline. New-home sales drop to their lowest level on record. Industrial production is weak. Gold and silver rise.
As earnings season winds down, results are due from Burger King, Barnes & Noble, Toll Bros., Tiffany and big Canadian banks. Economic reports may not offer much cheer.
But the major indexes are still lower on the year. Leaders include Home Depot leads the Dow, Airgas on the S&P 500 and Baidu among Nasdaq-100.
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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.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
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