NEW YORK - The Federal Reserve did what investors expected Wednesday - it said it would buy Treasury bonds to help the economy. But stocks fell anyway. The reason? The Fed made it clear that it thinks a full economic recovery is years away.
COEUR D'ALENE PRESS | UPDATED 13 YEARS, 1 MONTH AGO
NEW YORK - The mere discussion of more economic stimulus from the Federal Reserve was enough to send stocks higher Tuesday. The Dow Jones industrial average rose 20 points, its third day of gains.
COEUR D'ALENE PRESS | UPDATED 13 YEARS, 2 MONTHS AGO
NEW YORK - A surprisingly weak retail sales report drove stocks lower on Tuesday, giving the Dow Jones industrial average its second straight day of losses.
COEUR D'ALENE PRESS | UPDATED 13 YEARS, 9 MONTHS AGO
NEW YORK - Hopes that banks would start raising their dividends sent financial stocks sharply higher Wednesday. Indexes closed at their highest levels in more than two years after a successful bond auction in Portugal eased worries about Europe's debt crisis.
COEUR D'ALENE PRESS | UPDATED 13 YEARS, 10 MONTHS AGO
NEW YORK - Stocks spent most of Monday in a funk brought on by cautious comments about the economy from Federal Reserve Chairman Ben Bernanke. Hopes for a compromise on extending Bush-era tax cuts and unemployment benefits erased some of the losses.
COEUR D'ALENE PRESS | UPDATED 13 YEARS, 11 MONTHS AGO
NEW YORK - Stocks ended lower Monday on lingering fears that Europe's debt crisis will continue to spread even after Ireland gets bailed out. The Dow Jones industrial average dipped below 11,000 earlier, but recovered much of its losses late in the day.
COEUR D'ALENE PRESS | UPDATED 13 YEARS, 11 MONTHS AGO