Stock index futures pointed to a lower open after data showed retail sales and producer prices came in worse than expected in March, offsetting earnings from Johnson & Johnson and Goldman Sachs.
Stock index futures pointed to a flat to higher open on Tuesday as strong earnings from Goldman Sachs lifted bank shares and, Johnson & Johnson results were slightly above forecast, while investors awaited U.S. retail sales for March.
Stock index futures pointed to a flat open on Tuesday as strong earnings from Goldman Sachs lifted bank shares and investors awaited the latest news on the consumer from Johnson & Johnson results and U.S. retail sales for March.
Goldman Sachs Group Inc may succeed in its bid to pay back U.S. taxpayer money with the help of a $5 billion common share sale, but it may still not get the freedom it wants from intense public scrutiny.
S&P 500 stock index futures were slightly lower on Tuesday as investors digested Goldman Sachs's plan to issue equity after strong earnings, and prepared for Johnson & Johnson results and economic data.
World stocks rose toward a three-month high on Tuesday after strong earnings from Goldman Sachs , while jitters about other corporate earnings kept government bonds and the low-yielding yen on a firm footing. Goldman surprised investors by posting a much higher than expected first-quarter profit and said it planned a $5 billion common share sale to pay back government funds. Other bank...
Asian shares rose to a six-month high on Tuesday after Goldman Sachs' stronger-than-expected profit signaled the worst could be behind for U.S. banks, but plenty of concerns about the global economy still remain.
Asian shares rose to a six-month high on Tuesday after Goldman Sachs' stronger-than-expected profit signaled the worst could be behind for U.S. banks, emboldening investors to chase after riskier assets.
Chrysler's creditors plan to make a counteroffer to the U.S. Treasury this week, in which they might ask for equity in a firm combining Chrysler with potential partner Fiat SpA in exchange for concessions, the Wall Street Journal reported, citing people familiar with the matter.
On Monday Goldman Sachs showed yet another sign proving the recovery of banks after it beat Wall Street expectations with its $1.66 billion profit for the first quarter of 2009.
Goldman Sachs Group Inc posted much higher-than-expected first-quarter profit as it took more trading risk, and said it plans a $5 billion common share sale to help pay back government funds.
Goldman Sachs Group Inc posted higher-than-expected first-quarter profit as it took more trading risk and said it planned to raise $5 billion of common shares to help pay back government funds.
MetLife , the largest U.S. life insurer, on Monday said it will not take money from the government's $700 billion Troubled Asset Relief Program, saying it already has sufficient capital.
The S&P 500 and Nasdaq rose on Monday as bets that major banks will post reassuring quarterly results fueled a run-up in financials, offsetting uneasiness about the fate of General Motors .
MetLife Inc , one of the largest U.S. life insurers, on Monday said it will not take money from the government's $700 billion Troubled Asset Relief Program, saying it already has sufficient capital.
The S&P 500 and Nasdaq rose on Monday as bets that major banks will post reassuring quarterly results fueled a run-up in financials, offsetting uneasiness about the fate of General Motors .
The Dow and the Nasdaq declined on Monday, weighed by Boeing's disappointing outlook, a pullback in oil prices and worries about General Motors' fate.
Goldman Sachs Group Inc's asset management unit on Monday said it has raised $5.5 billion from investors to start a fifth fund dedicated to buying private equity investments on the secondary market.
Edward Krudy
If Wells Fargo's strong first-quarter preliminary performance is any sign, stocks could rally further this week on any reassuring news when three other big banks post quarterly results.
If Wells Fargo's strong first-quarter preliminary performance is any sign, stocks could rally further this week on any reassuring news when three other big banks post quarterly results.
The U.S. Treasury and Federal Reserve Bank have asked top U.S. banks not to discuss the “stress tests” which regulators are conducting to determine the viability of the companies, according to reports.
