Wall Street advanced sharply Tuesday as investors interpreted minutes from the Federal Reserve's last meeting as indicating the central bank is ready to keep cutting interest rates to boost the economy.
Wall Street finished a quiet session modestly higher Thursday as Wall Street awaited the government's September employment report, hoping it will strike a balance between steady growth and more room for interest rate cuts.
NEW YORK (AP) - Wall Street extended its pullback Wednesday as investors, retrenching from an optimistic stance early in the week, waited to see how well corporate earnings and the job market have held up in an uneven economy.
Stocks extended their gains Thursday with a modest advance as investors weighed fresh economic data, including a sharp drop in new home sales, for clues to whether more interest rate cuts are in the offing.
Wall Street banks came closer to wrapping up First Data Corp's widely watched buyout loan last Friday, though another large buyout, of audio equipment maker Harman International Industries, appeared to be in jeopardy.