Industry News - Mortgage Stocks
| 04-17-2009
- Euro Falls as Trichet Fails to Damp Split Concern; Stocks Rise |
| By Justin Carrigan
The euro weakened against the dollar and the yen as European Central Bank President Jean- Claude Trichet failed to eliminate concerns about a split among policy makers. European stocks rose and U.S. futures were little changed after Citigroup Inc. posted a first-quarter profit.
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| 04-15-2009
- Stock Bulls Increase as Economy, Bank Profits Spur Confidence |
| By Eric Martin and Alexis Xydias
Investors in 10 countries grew less concerned that stocks will keep falling, the first unanimous improvement in Bloomberg’s Professional Global Confidence Survey since it began 17 months ago, after equities posted their steepest increase since April 2003.
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| 04-13-2009
- U.S. Stock-Index Futures Fall as Chevron Predicts Lower Profit |
| By Lynn Thomasson
U.S. stock futures fell, indicating the Standard & Poor’s 500 Index may retreat following its best 23-day advance since 1933, after Chevron Corp. predicted lower earnings and Genworth Financial Inc. failed to qualify for government bailout funds.
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| 04-13-2009
- U.S. Stocks Decline as Chevron, Boeing Predict Lower Profit |
| By Lynn Thomasson
U.S. stocks fell, sending the Standard & Poor’s 500 Index lower following its best five-week gain since the Great Depression, as Chevron Corp. and Boeing Co. predicted lower earnings and Genworth Financial Inc. failed to qualify for government bailout funds.
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| 04-09-2009
- U.S. Stock Futures Gain on Wells Fargo Earnings, Stress Tests |
| By Adria Cimino and Rita Nazareth
U.S. stock futures rose, indicating the Standard & Poor’s 500 Index may trim its first weekly drop in a month, on better-than-estimated earnings at Wells Fargo & Co. and speculation banks will pass government stress tests.
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| 04-09-2009
- Global Stocks, Oil Gain as Treasuries, VIX Fall; Banks Advance |
| By Rita Nazareth
Global stocks rallied, driving the benchmark index of investor anxiety to a six-month low, as better-than-estimated earnings at Wells Fargo & Co. and speculation American banks will pass government stress tests boosted confidence in the financial system. Oil gained and Treasuries fell.
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| 04-07-2009
- U.S. Stock Futures Fall; Bank of America, Citigroup, Alcoa Drop |
| By Adria Cimino and Rita Nazareth
U.S. stock futures dropped as George Soros, the billionaire hedge-fund manager, said the monthlong rally in equities won’t last and investors speculated Alcoa Inc. will kick off the first-quarter earnings season with a loss. The dollar weakened against the yen, oil fell and Treasuries gained.
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| 04-06-2009
- U.S. Stock Futures Retreat on Banking Concern; Sun Tumbles |
| By Rita Nazareth
U.S. stock futures fell as analyst Mike Mayo said loan losses will exceed levels in the Great Depression and concern grew that International Business Machines Corp.’s talks to buy Sun Microsystems Inc. have collapsed.
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| 04-03-2009
- Europe Stocks, U.S. Futures Mixed Before Jobs Data; Pound Gains |
| By Daniel Hauck
European stocks and U.S. futures fluctuated as speculation American unemployment will reach the highest level in 25 years damped optimism from the Group of 20 meeting. The pound rose after a measure of U.K. services industries climbed to a six-month high.
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| 04-02-2009
- U.S. Stocks Gain, Extend Global Rally; Treasuries, Dollar Fall |
| By Elizabeth Stanton
U.S. stocks rallied, extending a global advance, as world leaders agreed on measures to fight the recession and accounting regulators approved a rule change that may boost bank profits. Oil rose the most in three weeks, while the dollar and Treasuries fell.
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| 04-01-2009
- U.S. Stock-Index Futures Drop on Concern Over GM, Job Cuts |
| By Elizabeth Stanton and Daniela Silberstein
U.S. stock futures fell as people familiar with the matter said the Obama administration believes bankruptcy is the most likely option for General Motors Corp. and a private report showed employers cut more jobs than economists estimated in March.
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| 03-31-2009
- European Stocks, U.S. Futures Gain; Marks & Spencer Advances |
| By Sarah Jones
European stocks rebounded from the biggest drop in four weeks as Marks & Spencer Group Plc posted sales that beat analysts’ estimates and commodity producers climbed. U.S. futures advanced, while shares in Asia retreated.
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| 03-24-2009
- U.S. Stocks Retreat Following Rally; Citigroup, Newmont Drop |
| By Lynn Thomasson
U.S. stocks declined as Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Timothy Geithner called for stronger regulation of financial companies and lower oil and metal prices dragged down commodity producers.
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| 03-23-2009
- Stocks spike on bank plan |
| By Alexandra Twin
Wall Street welcomes Obama administration plan to buy up close to $1 trillion in bad bank assets.
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| 03-20-2009
- U.S. Stock-Index Futures Advance; Southern Copper Rallies |
| By Elizabeth Stanton and Adria Cimino
U.S. stock futures rose and the Standard & Poor’s 500 Index was poised to extend a weekly gain as an advance in metal producers offset growing concern the Federal Reserve’s plan to buy bonds won’t be enough to halt the recession.
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