Stocks climbed to a five-month high on Tuesday, led by materials stocks after an upbeat forecast by aluminum company Alcoa and strong gains in bank shares.
Wall Street banks lowered their outlook for U.S. economic growth due to concerns over the European debt crisis, oil prices, regulatory uncertainties and continued disarray in Washington, according to a financial industry survey released on Tuesday.
Wall Street banks lowered their outlook for U.S. economic growth due to concerns over the European debt crisis, oil prices, regulatory uncertainties and continued disarray in Washington, according to a financial industry survey released on Tuesday.
Eastman Kodak Co announced a new business structure on Tuesday that eliminates its film group as the once-iconic photography company tries to refocus as a digital company to help fend off financial difficulties.
Stocks climbed to a five-month high on Tuesday after trade data showed strong Chinese demand for metals and a bullish forecast by aluminum company Alcoa pointed to a stronger global economy.
Alcoa Inc shares rose on Tuesday after the aluminum producer gave a bullish outlook for the industry, but some Wall Street analysts were skeptical and lowered the company's stock price target.
Alcoa Inc shares rose more than 4 percent on Tuesday after the aluminum producer gave a bullish outlook for the industry, but some Wall Street analysts were skeptical and lowered the company's stock price target.
Stocks hit a five-month high on Tuesday after strong import data from major metals consumer China and a bullish forecast by Alcoa boosted the outlook for commodities companies and pointed to a stronger global economy.
Stocks were set to jump at the open on Tuesday after a bullish Alcoa forecast boosted the outlook for the commodities sector and pointed to a stronger global economy.
U.S. stock index futures jumped on Tuesday after a bullish Alcoa forecast boosted the outlook for the commodities sector, signaling a stronger global economy.
Stock index futures advanced sharply on Tuesday after a bullish Alcoa forecast boosted the outlook for the commodities sector, signaling a stronger global economy.
Stock index futures pointed to a stronger open for equities on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.9-1.0 percent.
European stocks rose and the euro stayed under pressure on Tuesday as investors weighed the debt turmoil in the euro zone against an improved U.S. economic picture that looks set to deliver upbeat corporate results.
Apple Inc Chief Executive Tim Cook received a one-time stock award worth nearly $400 million, the largest given by a company in a decade.
Apple Inc CEO Tim Cook took in almost $1 million of cash compensation in 2011 but also received a million restricted shares that, when they vest in 2016 and 2021, could net the head of the world's largest consumer electronics firm hundreds of millions of dollars.
Stocks ended slightly higher on Monday in a light-volume session as investors stayed cautious ahead of corporate earnings and key auctions for European debt this week.
Stocks ended slightly higher on Monday in a light-volume session as investors stayed cautious ahead of corporate earnings and key auctions for European debt this week.
Stocks edged higher on Monday as investors showed caution ahead of corporate earnings and key auctions for European debt this week.
Stocks edged higher on Monday led by technology and bank shares as investors prepared for the start of the U.S. corporate earnings season.
Stocks were set to tick up at the open on Monday as investors focused on a European meeting intended to find ways to boost the region's economies and tackle a debt crisis and prepared for the start of U.S. corporate earnings.
Stock index futures pointed to a mixed open for equities on Wall Street on Monday, with futures for the S&P 500 down 0.1 percent, for the Dow Jones up 0.1 percent and for the Nasdaq 100 up 0.1 percent.
Alcoa Inc shares could rise by as much as 30 percent in 2012 as weak aluminum prices may have bottomed while demand for the metal remains strong, financial weekly Barron's reported on Sunday.
Stocks have strayed from their recent link to euro moves, and the start of U.S. corporate earnings next week could help shift investor focus back to U.S. fundamentals from Europe.
U.S. stocks have strayed from their recent link to euro moves, and the start of U.S. corporate earnings next week could help shift investor focus back to U.S. fundamentals from Europe.
Stocks rose in the first week of 2012, even though news that the U.S. jobless rate neared a three-year low did not whet interest in equities on Friday.
Stocks were slightly lower on Friday as investors were pulled in a tug-of-war between strong domestic data and continued concerns about Europe's debt crisis.
Stocks were slightly lower on Friday as investors were pulled in a tug-of-war between strong domestic data and continued concerns about Europe's debt crisis.
Stocks edged lower on Friday as investors were pulled in a tug-of-war between strong domestic data and continued concerns about Europe's debt crisis.
U.S. stocks cut losses and the Nasdaq turned positive on Friday after a strong jobs report and strength in large-cap Internet stocks.
Stocks fell on Friday despite a strong jobs report as concerns about Europe's debt crisis stayed in the spotlight, keeping investors away from riskier assets.