Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on rising fears.Read More »
Heavy selling on the Nasdaq flagged the mood in afternoon trade Thursday, as the Nasdaq and S&P 500 were driven back below their 50-day lines and the Dow registered its first loss in five days. The Nasdaq tanked 1.8% in a sell off that left few hiding places, although preliminary data showed volume only moderately higher on the NYSE, but with the S&P 500 dropping 1.5% and the Dow Jones industrial average crumbling 1.2%. Losses were extremely broad, with only six of 197 industries tracked by IBD gaining ground for the day and all of the gains holding to less than 1%. Airlines, chipmakers and data storage all took a pounding. Steelmakers lost all of their big gap up move from Wednesday and automakers
Stocks dropped and investors flocked to safe-haven assets on Thursday following a terrorist attack in Barcelona.The Dow Jones Industrial Average retreated 274 points, or 1.2%, to 21,750. The S&P 500 fell 38.1 points, or 1.5%, to 2,430. The Nasdaq Composite
Elliott Management Corp, the largest creditor of Oncor's bankrupt parent Energy Future Holdings Corp, has tried to best Berkshire's offer for the Texas utility with a $9.3 billion proposal. Elliott, which already owned a major position in the biggest block of debt of Energy Future, has now purchased a slice of a different class of debt that would ensure the hedge fund's ability to block Buffett's deal, the Wall Street Journal reported on Wednesday.