Residents across Los Angeles are rattled by the staggering stock market plunge. The stock market buckled Monday under the weight of a crisis in Europe and danger of recession at home. Reeling from a downgrade of American debt, the Dow Jones industrials plunged 634 points.
Banks and airlines are nudging stocks lower Monday, while economic worries continue to weigh on markets.
New hopes that a deal would be reached for Greece to avoid defaulting on its debts sent stocks higher Tuesday. The market gave up some of its gains following a surprise drop in U.S. consumer confidence.
Stocks are mostly lower and bond yields are at a new low for the year after two reports dimmed hopes for the job market and the U.S. economy.
Stocks are opening sharply lower after warnings about the finances of several European countries reignited fears about the region’s debt crisis.
Stronger earnings reports from Ford and 3M helped drive stocks higher Tuesday. The Standard & Poor’s 500 index was headed for its highest close since the financial crisis.
Mixed corporate earnings reports sent stock indexes wobbling Monday.
Wall Street will focus on another full slate of corporate earnings this week as several big companies report their first-quarter performance.
Johnson & Johnson led the Dow Jones industrial average higher on Tuesday. The health-care heavyweight rose 3 percent after reporting earnings that beat Wall Street’s expectations. The company also raised its full-year earnings forecast.
A warning from Standard & Poor’s that the agency might lower its rating on U.S. government debt sent stocks on their steepest slide in a month Monday.
Stocks are edging higher in midday trading at the start of the last full week before the next round of corporate earnings reports begin.
Stocks plunged Tuesday and bond prices rose as the nuclear crisis in Japan intensified following a deadly earthquake and tsunami. The Dow Jones industrial average fell more than 150 points.
The Dow Jones industrial average neared 12,000 for the first time since June 2008 Monday as technology and materials companies led broad gains in the stock market.