- U.S. Stocks Decline on Concern European Debt Crisis May Worsen
- U.S. Employers Cut 54,000 Jobs; Private Payrolls Expand More Than Forecast
- Treasuries Poised for Weekly Gain on Speculation U.S. Employers Cut Jobs
- Hog Futures Rally on Ample Demand for U.S. Pork; Cattle Drop for Sixth Day
U.S. stocks fell, ending the Standard & Poor’s 500 Index’s longest winning streak since July, on concern the European debt crisis may worsen. Bank of America Corp. and Citigroup Inc. fell more than 1.5 percent as European banks slumped on concern that stress tests understated holdings of sovereign debt. Exxon Mobil Corp. and Freeport-McMoRan Copper & Gold Inc. dropped at least 0.9 percent as copper slid and crude oil declined the most in a week. Oracle Corp. rallied 5.3 percent after naming Mark Hurd, former chief executive officer of Hewlett-Packard Co., as president.
Companies in the U.S. added more jobs than forecast in August, easing concern the economy was falling back into recession.
Treasury two-year notes headed for their biggest weekly gain since June before a government report that economists said will show U.S. employers trimmed jobs for a third month.
Hog futures rose as signs of ample demand for U.S. pork fueled speculation that last week’s price slide was exaggerated. Cattle declined, capping the longest slump since 2008.
Futuresfacts.com | Market Headlines from the Web
U.S. Stocks Decline on Concern European Debt Crisis May Worsen
U.S. stocks fell, ending the Standard & Poor’s 500 Index’s longest winning streak since July, on concern the European debt crisis may worsen. Bank of America Corp. and Citigroup Inc. fell more than 1.5 percent as European banks slumped on concern that stress tests understated holdings of sovereign debt. Exxon Mobil Corp. and Freeport-McMoRan Copper & Gold Inc. dropped at least 0.9 percent as copper slid and crude oil declined the most in a week. Oracle Corp. rallied 5.3 percent after naming Mark Hurd, former chief executive officer of Hewlett-Packard Co., as president.
Read more: U.S. Stocks Decline on Concern European Debt Crisis May Worsen
U.S. Employers Cut 54,000 Jobs; Private Payrolls Expand More Than Forecast
Companies in the U.S. added more jobs than forecast in August, easing concern the economy was falling back into recession.
Read more: U.S. Employers Cut 54,000 Jobs; Private Payrolls Expand More Than Forecast
Treasuries Poised for Weekly Gain on Speculation U.S. Employers Cut Jobs
Treasury two-year notes headed for their biggest weekly gain since June before a government report that economists said will show U.S. employers trimmed jobs for a third month.
Read more: Treasuries Poised for Weekly Gain on Speculation U.S. Employers Cut Jobs
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Confidence among U.S. consumers rose in August, a sign the biggest part of the economy may soon stabilize.
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