Housing starts hit a 4-year high, cheering investors. But the Dow and Nasdaq muster only small gains because of weakness in IBM and Intel. Apollo shares sag on earnings warning. Nike ends ties with Lance Armstrong. Oil, gold move up.
But IBM and Intel results disappoint. Goldman Sachs and Johnson & Johnson results cheer Wall Street. Citigroup's Vikram Pandit abruptly resigns as CEO after a board conflict. Consumer prices rise along with gas prices.
Investors are cheered that September retail sales are stronger than expected. Apple's iPhone sales help. Citigroup's core business is getting stronger. Speculators bet Clearwire will be part of the Sprint-Softbank deal.
Former Citigroup CEO Sanford Weill says the big banks are too big and should be broken up. Weill was a pioneer in building the banks that have gotten 'too big to fail.' Wall Street is astonished.
Retail sales fall for the third straight month, with weakness in building materials, sporting goods and furniture sales. Citigroup's earnings cheer. Intel and GE estimates are cut. Google's Marissa Mayer is Yahoo's next CEO.
A bullish report on retail sales cheers many investors. But the Nasdaq falls as Apple slides for a fifth day, possibly because investors want to cash in profits. Google also drops. Citigroup results help bank stocks. Oil rebounds.
Jerry Yang says it's time to pursue new interests. Stocks move higher as China's economic growth beats expectations. Oil and gold move higher. Carnival shares slump after cruise accident. Will Sears go private?
Dell reports weaker-than-expected revenue, and Abercrombie & Fitch's earnings fall short of forecasts.
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