The Dow surges 188 points as hopes build that the Federal Reserve and European Central Bank will start new stimulus plans. GDP in the US grows at just a 1.5% rate in the 2nd quarter. Facebook briefly falls nearly to $22; Starbucks slumps.
Amazon.com's profit beats Street estimates. Starbucks shares drop on Europe weakness. Investors applaud Bernanke's promise of Fed support in a market panic. March pending home sales are the best in 2 years. Exxon and UPS results disappoint.
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.
The blue chips fall 74 after the government says fourth-quarter growth is 2.8%; Wall Street was expecting 3%. Facebook may file for its IPO next week. Ford, Chevron and Starbucks drop on earnings letdowns.
Stocks open to levels last seen in the spring of 2008, but the Dow falls 22 on profit-taking and worries about the economy. Caterpillar and Netflix are the leaders. Apple briefly hits a new high. Starbucks results disappoint.
Apple says iPhone sales jumped 128% in its fiscal first quarter; iPad sales r0se 111%. Tech shares mostly bask in the report. The Dow drops 33 before the report as Europe worries investors again. Gold and oil fall.
Despite Steve Jobs' appearance, Apple falls 1.6%. Banks slide after analyst Dick Bove downgrades Wells Fargo. Harley Davidson gets an upgrade. Crude oil slips; gold and silver rise. Temple-Inland shares soar on International Paper's $3.4 billion bid.
Bargain-hunting boosts shares after investor worries about European financial woes drive markets lower. Retailers see a strong weekend of holiday sales.
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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.
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