Gains in industrial, financial stocks pull market to 4th straight advance; Dow adds 50 pointsNEW YORK — Stocks are ending higher as the Federal Reserve says the nation’s economy is stabilizing even as some problems remain. Oil extends gains on weakening dollar as investors eye OPEC meetingOil prices finished higher for a second straight day Wednesday on continued weakening of the U.S. dollar and as investors awaited the outcome of an OPEC meeting that is expected to result in no change in production levels. OPEC leaves its crude output targets unchanged, citing oversupply and slow economic recoveryVIENNA — OPEC is leaving its production quotas unchanged, opting to take a cautious approach in a market awash in crude and a global economy still in the early stages of recovery. Stocks rise as commodities prices rally, dollar stays near recent lows; industrials climbNEW YORK — Rallying industrial companies sent the stock market higher Wednesday as investors awaited the Federal Reserve’s latest assessment of the economy. Oil continues to push higher on weakening dollar as investors eye OPEC meetingOil prices pushed higher for a second straight day Wednesday on continued weakening of the U.S. dollar and as investors awaited the outcome of an OPEC meeting that is expected to result in no change in production levels. Stocks trade slightly lower as commodities prices rally, dollar stays near recent lowsNEW YORK — Rallying industrial companies are helping to send the overall stock market higher as investors await the Federal Reserve’s latest assessment of the economy. Stocks futures little changed as investors’ outlook for economic recovery wanesThe stock market moved toward a flat opening Wednesday as commodities prices extended their rally and the dollar hovered near recent lows. With world awash in crude, OPEC focuses on tougher compliance with its production targetsVIENNA — OPEC appeared poised to hold oil production quotas unchanged Wednesday, with its ministers voicing satisfaction with current global crude prices. Canada’s Barrick Gold to eliminate gold hedges, plans $3 billion equity offeringTORONTO — Barrick Gold Corp., the world’s biggest gold producer, said Tuesday it plans to eliminate all of its gold hedges and raise $3 billion in a share offering to help pay for the move. Investors send Treasury prices modestly lower as stock market extends gains to third dayCHARLOTTE, N.C. — Treasury prices fell Friday as investors were looking to book profits on a recent rally before next week’s debt auctions. Meltdown 101: How did gold get to be $1,000 an ounce, and why does it matter?NEW YORK — Gold prices rose above $1,000 an ounce Tuesday for the first time in seven months, mostly because of a weak dollar that’s driving people to other investments they perceive as safe. Stocks climb as traders see gains in commodities, rise in takeover activity as promising signsNEW YORK — Rising commodities prices and stirrings of corporate takeovers are making investors more optimistic about the economy. Gold rises above $1,000 as bets on stronger economy, weaker dollar lift metals and oilNEW YORK — Gold pushed above the $1,000 mark Tuesday for the first time since February as hopes for an improving economy fed a broader rally in commodities. Stocks rise as investors see a pickup in takeover activity as a promising sign for the economyNEW YORK — Rising commodity prices and stirrings of corporate takeovers are making investors more optimistic about the economy. Stocks rise as investors look to takeover discussions as promising sign for economic recoveryNEW YORK — News about corporate takeovers is making investors more optimistic about the economy and giving them new reasons to buy stocks. Smithfield Foods posts bigger fiscal 1st-quarter loss on hefty chargesMILWAUKEE — The nation’s largest pork producer, Smithfield Foods Inc. said Tuesday it posted a bigger first-quarter loss as one-time charges and lower domestic hog prices hurt results, despite curtailed production. OPEC meeting: Saudi oil minister says crude markets ‘in good shape,’ output cut seen unlikelyVIENNA — Saudi Arabia’s oil minister said Tuesday that crude markets were “in good shape,” boosting expectations OPEC will use its meeting this week to stress member compliance with output quotas — instead of cutting production. Labor Day scorecard: Despite highest jobless rate, average wages increase, wage gaps narrowTRENTON, N.J. — Despite the nation’s highest jobless rate in 26 years, American workers are seeing some encouraging trends this Labor Day, according to a report released Monday by Rutgers University. With oil prices settling in, OPEC not expected to cut crude outputVIENNA — With oil prices about where OPEC wants them and a modest economic upturn in the offing, the oil cartel isn’t likely to tighten the taps when its leaders meet this week in Vienna. Electricity demand falls and with it, depending on where you live, utility billsCOLUMBUS, Ohio — Consumers and businesses may finally be seeing some relief from rising utility bills, thanks to the biggest decline in U.S. electricity demand in decades. Stock futures climb after government says job losses fall to lowest level in a yearNEW YORK — Stock futures are climbing as the government says job losses slowed in August to their lowest level in a year. WTO expected to rule Friday on long-running trade dispute between Airbus and BoeingWASHINGTON — The World Trade Organization is expected to release a long-awaited decision Friday on whether Airbus received an unfair boost from billions of dollars in European government aid as it moved past Boeing to become the world’s top producer of commercial airplanes. WTO ruling on Airbus-Boeing dispute could start to loosen planemakers’ lock on marketWASHINGTON — However the World Trade Organization rules Friday on a trade dispute between Boeing and Airbus, its decision could help slowly loosen the grip the two plane makers have held on the lucrative market for commercial planes. Retailers report sales drops for August, but results beat analyst expectationsNEW YORK — Shoppers limited their back-to-school purchases and stayed focused on necessities in August, resulting in the 12th straight month of declining sales for retailers. But there were signs the holiday season could be less dismal than feared. Stocks rise at opening after latest report on jobs market, retail salesNEW YORK — Stocks are rising in early trading, breaking a four-day losing streak after the latest reading on the jobs market and mixed retail sales reports. Stock futures hold on to most of their early gains after latest report on jobs marketNEW YORK — The latest reading on the labor market is giving investors some hope that the economy is healing. Amid signs of improving economy, ECB keeps key interest rate unchanged at 1 percentFRANKFURT — Improving consumer and business sentiment are signs of an economic rebound in the countries using the euro, European Central Bank president Jean-Claude Trichet said Thursday — though he warned any recovery was bound to be uneven. Investors continue push into safe-haven assets as unemployment fans worries about the economyNEW YORK — Treasury prices rose Wednesday, supported by concerns over unemployment and the strength of the economy’s recovery. Stocks trade mostly flat after steep drop as investors shrug off improved economic reportsNEW YORK — Stocks zigzagged Wednesday, a day after a big slide, as improved reports on factory orders and jobs did little to ease worries about the economy. As signs of improvement spread, European Central Bank likely to hold off on rate moves for nowFRANKFURT — Signs of nascent economic recovery in the euro zone mean the European Central Bank could lift key portions of its outlook when its governing council meets Thursday — although it is almost certain to leave interest rates unchanged. |
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