U.S. stocks extended declines on Friday as shares of Goldman Sachs slid on reports of a federal probe into the Wall Street powerhouse and after first-quarter gross domestic product came in weaker than expected.
Monthly archives for April, 2010
Fed adopts plan to let banks set up CDs (AP)
The Federal Reserve has adopted a plan allowing banks to set up the equivalent of certificates of deposit at the central bank. The move would help the Fed mop up money pumped out during the financial crisis and prevent inflation from taking off later.
UPDATE – Fed posts reverse repo pact for money market funds (at Reuters)
* Key 7-day put clause helps funds maintain liquidity * Master contract means Fed can begin testing reverse RPs
GDP Report: An Anti-Middle Class Recovery (TheStreet.com)
On Friday, the Commerce Department will report estimated first-quarter GDP growth. The consensus forecast is for a 3.5% increase, further confirming the end of the recession and that the recovery is moderate and disappointing.
RPT-UPDATE – U.S. Treasury to net $320.28 mln on PNC warrants (at Reuters)
The Treasury on Friday said it will take in net proceeds of about $320.28 million from the sale of warrants in PNC Financial Services Group Inc, which were priced at $19.20 each.
UPDATE – .S. Treasury to net $320.28 mln on PNC warrants (at Reuters)
The Treasury on Friday said it will take in net proceeds of about $320.28 million from the sale of warrants in PNC Financial Services Group Inc, which were priced at $19.20 each.
Indications: U.S. stock futures steady before GDP report (at MarketWatch)
U.S. stock futures hold steady Friday in anticipation that first-quarter GDP won t derail the positive outlook several companies have delivered during earnings season and that a Greek aid package may be locked up by the weekend.
Stock futures inch higher; eyes on GDP figures (Reuters)
U.S. stock index futures pointed to a higher open on Wall Street on Friday, as sovereign debt worries in the euro-zone soothed, while investors awaited the advance reading of first-quarter gross domestic product.
U.S. stock futures inch higher; eyes on GDP figures (at Reuters)
* U.S. stock index futures pointed to a higher open on Wall Street on Friday, as sovereign debt worries in the euro-zone soothed, while investors awaited the advance reading of first-quarter gross domestic product.
The Fed Keeps the Party Going: Dave s Daily (at TheStreet.com)
After the large sell-off Tuesday, stocks were no longer overbought; the Fed played ball; Europe seemed okay today; dip buyers were back in business.