Stocks slump on news that Bank of America may be sued over bad mortgages. China's rate hike worries traders who've bet on the country's rapid economic growth. Gold and oil slump.
We know about the BRIC countries. Now a new crop of nations could become the next investing hot spots.
Prices maintain record highs as central banks increasingly hold on to reserves.
Analysts continue to fret over China's economic growth, setting this mining-equipment company up for a huge 2011.
Twice the S&P 500 has faded after reaching 1,130. It's close again, and worries are growing. Japan sells yen to combat a falling dollar. Travelers may buy back more shares than thought.
The S&P 500 and Nasdaq move into the black for 2010. Growth in Chinese industrial production and strength from banks firm the market. Oil tops $77. Microsoft sees a big late-day jump.
The $2.15 billion deal is derailed because of the buyer's suspected links to China.
Runaway economic growth, combined with inefficient energy consumption, propels China to No. 1 energy user.
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