Financial markets globally slump after Greece talks about holding a referendum on its debt bailout. Bank stocks sag; Bank of America junks its debit-card fee. Commodities tumble after the failure of MF Global. October auto sales underwhelm.
The blue chips are briefly up more than 400 points. Announcement of a deal to fix Europe's debt crisis sets off a global rally. US growth improves but is still anemic. Higher oil prices boost Exxon profits.
The Dow ends down 72 as an early rally stalls after a Fed report shows a struggling economy. Europe's debt solution may not come quickly. Tech shares mostly slide after Apple's iPhone sales are less than expected. Housing starts jump.
The Dow struggles to a 43-point gain. Energy shares jump on BHP's bid for Petrohawk Energy. Wall Street cheers Google's earnings. But the US debt ceiling fight and weak economic reports hold the market back.
The Federal Reserve wants the 19 companies whose finances were examined closely in 2009 to show how they'd survive another financial crunch.
Goldman Sachs and Morgan Stanley have been trying to expand stable businesses such as asset management, but volatile trading continues to be a large revenue source.
Shares of both companies drop after hours. The Dow rises 81 points, its eighth gain in 12 days. Weakness in chip stocks keeps the Nasdaq in check. Oil moves higher; gold drifts.
The bank's quarterly earnings of $2.2 billion top Wall Street expectations, though revenue falls just short.
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