Angelo Mozilo agrees to pay $67.5 million to settle civil fraud charges with the SEC stemming from the subprime mortgage crisis. Two other executives also settle.
Despite a big September, stocks end the week lower. A weaker-than-expected manufacturing report disappoints. Personal spending rises. Auto sales are decent. Gold hits a new high.
JPMorgan Chase orders a review of foreclosure paperwork to be sure legal requirements are met.
In a big week for the economy, reports are due on home prices, economic growth, manufacturing and auto sales. Apple may top $300; look for gold to close above $1,300.
The central bank sees weakness for the foreseeable future and promises to act to jolt the ailing patient. Stocks give up afternoon gains. The dollar and oil drop. Housing starts rise.
Better-than-expected reports on jobless claims and the trade deficit set off an early rally. Profit-taking and worries about European banks trim gains. McDonald's August sales don't excite.
The big question: Will the rally continue? Watch for more deals. The Fed's Beige Book report will be closely studied. So will President Obama's stimulus proposals to boost the economy.
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