The Dow gains 21 points as traders start to see hope for the region's debt crisis and as Spanish bond yields fall. The S&P 500 nearly hits 1,400. Best Buy's founder wants to take the company private. Oil and gold are higher.
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.
Futures trading suggests a big rally Monday after Europe sends a strong signal of support for Spain's banks. But weakness in China and worries about Greece may limit stocks' gains. The week's big US report: Retail sales on Wednesday.
The disappointing jobs report and voter repudiation of austerity in France and Greece will make Monday tough. But a strong earnings report from Walt Disney may help markets regain their footing. Reports from Macy's and Nordstrom may help, too.
But US stocks rebound from early lows after Moody's says last week's eurozone summit solved nothing. Intel cuts its revenue outlook. Gold drops below $1,700. The Fed meets Tuesday.
The investigation centers on whether multiple trading rings reaped illegal profits totaling tens of millions of dollars. The FBI raids the offices of three hedge funds.
The agency is looking into wrongdoing at many institutions at the heart of the 2007-08 crisis.
Today's data surprised investors and economists alike, suggesting that earlier gloom was too gloomy. But there still should be worries about long-term unemployment.
VIDEO ON MSN MONEY
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.
TOP STOCKS
S&P's top-ranked analysts share their latest stock recommendations.
MARKET DISPATCHES
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.
FRUGAL COOL
Starting Monday, this site is joining forces with MSN Money Smart Spending. Here's why.
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.
SMART SPENDING
Summer visits to amusement parks and the like can be costly, but with some preparation and research, you can may be able to do it for less than you think.
SMART TAXES
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.
