Evidence growing that worst of recession over, but recovery will be slow as unemployment growsWASHINGTON — Evidence is piling up that the worst part of the recession has ended. But that doesn’t mean the pain is over. Oil rises above $54 in Asia as Bernanke comments stoke investor optimism for recoveryOil prices remained above $54 a barrel Wednesday as comments by the U.S. central bank chief stoked investor optimism that economic growth and crude demand may pick up by the end of the year. Oil creeps above $54 in Asia as Bernanke comments stoke investor optimism for recoverySINGAPORE — Oil prices crept above $54 a barrel Wednesday in Asia as comments by the top U.S. central banker stoked investor optimism that economic growth and crude demand may pick up by the end of the year. Homebuilders Pulte Homes, Centex post narrower losses; see spring season sales perk upThe nation’s top three homebuilders this week reported financial results that gave little hope the spring selling season will be strong enough to stop the red ink. Asian markets edge higher as investors turn cautious ahead of US bank ’stress tests’SHANGHAI — Asian markets edged higher Tuesday as investors turned cautious ahead of the U.S. government’s “stress tests” for the 19 largest American financial companies later this week. European markets opened mixed. Asian stocks mixed after big rally as investors turn cautious ahead of US bank “stress tests”SHANGHAI — Asian markets were mixed Tuesday after the previous day’s big rally as investors turned cautious ahead of the U.S. government’s “stress tests” for the 19 largest American financial companies later this week. Latest economic reports offer hope that recession may ease, lift S&P into black for the yearWASHINGTON — Evidence that housing is poised to improve and optimism about the results of banking “stress tests” raised hopes Monday that the recession is easing and helped lift a key stock market measure into the black for the year. Dollar declines on jumps in construction spending, pending home salesNEW YORK — The dollar fell against other currencies Monday as upbeat economic data drove investors into riskier assets. Surging stocks vault S&P 500 higher for the year as pending home sales data boost moodNEW YORK — The Standard & Poor’s 500 index is up for the year. And for once, it was the housing market that sent stocks soaring. Stocks jump, putting S&P 500 close to flat for the year as pending home sales data boost moodNEW YORK — Brightening news about the economy sent investors rushing into stocks Monday and put Wall Street close to break-even for the year. Construction spending, pending home sales better than expected in March; signs of stabilityWASHINGTON — Hopes that the recession is easing got a boost Monday from reports that construction spending and pending home sales both fared better than expected in March. The news pushed stock prices higher. Stocks add to already big gains following rise in pending home sales, construction spendingNEW YORK — Investors are rushing into stocks Monday as surprise increases in pending home sales and construction spending offered the latest signs that the economy is stabilizing. Stocks add to already big gains following rise in pending home sales, construction spendingNEW YORK — Wall Street is extending its rally as reports on housing and construction show improvement for March. Pending home sales rise 3.2 percent in March in second straight month of increasesWASHINGTON — There was another ray of hope Monday for the distressed housing market: the National Association of Realtors said the volume of signed contracts to buy previously occupied homes rose for the second month in a row. Stocks trade higher ahead of economic reports as upbeat mood about economy continuesNEW YORK — Wall Street is extending its rally as investors wait for the release of readings on housing and construction. Hesitant would-be homebuyers could make the busiest home selling season the slowest in yearsWith white tin ceilings, original woodwork, bay windows, and a $699,000 price tag, the two-bedroom apartment at 719 Carroll St. in Brooklyn would have been snatched up in a New York minute a couple of years ago. New home sales in March beat expectations; analysts say bottom likely reachedWASHINGTON — After a staggering 74 percent decline from the peak in July 2005, new U.S. home sales appear to be bottoming out. Durable goods orders, new home sales better than expected in March; downward pressure easingWASHINGTON — Demand for big-ticket manufactured goods and new home sales both were better than expected in March, raising hopes that the long slides in manufacturing and housing are slowly coming to an end. Stocks hold gains as home sales top expectations; Ford results buoy enthusiasm about economyNEW YORK — Stocks are higher as the government says new U.S. home sales slipped last month, but still topped expectations. New home sales down 0.6 percent in March from revised February number, beating expectationsWASHINGTON — After a staggering 74 percent decline from the peak in July 2005, new U.S. home sales appear to be bottoming out. Stocks futures rise as durable goods orders fall less than expected, Ford results top viewNEW YORK — Stock futures are higher as orders for big-ticket manufactured items fall less than expected in March. Stocks futures rise as Ford results top view; investors await details on bank ’stress tests’NEW YORK — Stock futures pointed to a moderately higher open Friday after Ford Motor Co. posted better-than-expected results for the first quarter and said it is burning through less cash. Treasurys edge higher as economic data comes in weak, Fed buys more government debtNEW YORK — Treasurys edged higher Thursday after weak data on home sales and jobless claims. Jobless claims rise while homes sales drop; recession may be slowing but recovery far offWASHINGTON — Worse-than-expected news on unemployment and home sales Thursday dampened optimism that a broad economic recovery might be near. Stocks higher after a shaky day as investors sort through mixed bag of earnings, economic dataNEW YORK — About halfway through first-quarter earnings reports, Wall Street still isn’t sure where the economy is headed. Higher traffic, first-time home buyers ease slide of home sales, prices in MidwestKANSAS CITY, Mo. — Home sales in the Midwest declined again in March as lingering economic uncertainty kept early spring home shoppers from becoming buyers, but the region still fared better than the rest of the country, according to two reports released Thursday. Business events and economic reports scheduled for the coming monthWASHINGTON — Treasury auction. Jobless claims up more than expected and homes sales drop, defying hopes for recoveryWASHINGTON — Worse-than-expected news on unemployment and home sales Thursday dampened optimism that a broad economic recovery might be near. Stocks fluctuate on mixed earnings reports; drop in homes sales stirs unease about recoveryNEW YORK — Stocks fluctuated in early trading Thursday as several stronger-than-expected earnings reports raised hopes that the economy was starting to stabilize. Stocks turn lower as unexpectedly large drop in home sales stirs worries about economyNEW YORK — Stocks are turning lower as an unexpectedly large drop in home sales is dashing hopes that the economy is healing some its biggest wounds. |
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