The major indexes move ahead in afternoon trading. Apple rises after selling 3 million iPads over the weekend. Crude oil and gold move higher. Investment bank KBW agrees to merge with Stifel Financial. Toyota profits jump.
Exchanges won't reopen until Hurricane Sandy makes landfall. Look for a Wednesday reopen. Insurance companies could see $5 billion to $10 billion in losses. Important economic and earnings reports are due, including Friday's jobs report.
The central bank is expected to announce a new stimulus plan Thursday, but it could hold off. While that would surprise and annoy investors, there may be good reasons.
Apple tops $648 and is up 60% on the year. The Dow, up 25, sees its sixth straight weekly gain. Facebook drops nearly to $19. Consumer confidence rises slightly, but rising gas prices are a worry. Lowe's, Dell and Hewlett-Packard report next week.
The Dow ends the week up 3.6% despite European worries. Spain is expected to seek eurozone aid to prop up its banks. McDonald's sees uncertainty hitting results, but Wal-Mart leads the blue chips. Crude oil briefly falls under $83.
There will be lots of talk about of Greece and Spain. Pay more attention to the economic reports coming in the United States, especially the big jobs report Friday.
Facebook's IPO may value the company at as much as $96 billion. The Dow falls 62. Energy shares lag the market. Growth in the services sector is slowing. Jobless claims fall. Green Mountain Coffee shares are crushed.
Stocks crawl back from sharp declines after the central bank signals it needs a faltering economy to expand its stimulus efforts. Apple hits a new high on talk of a $1-trilliion market cap. Auto sales don't impress. Oil prices fall.
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