Mutual Funds Close Out Poor Third Quarter
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With a disappointing third quarter behind them, mutual funds are hoping for a better performance in the last three months of the year. Technology and growth funds, which suffered the most during the summer, are in a good position for a comeback &#151; if the economy shows signs of strength.
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January is normally a month when U.S.  stock mutual funds generate strong net sales, but early data  shows a rare outflow is possible as the stock market's rocky  start this year dampens enthusiasm.
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Wall Street tumbles for third day as interest rates rise.
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All three of its units slid lower in the quarter. McGraw-Hill's results were not a page-turner.
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Assets of the nation&#39;s retail money market mutual funds fell by $4.03 billion in the latest week to $828.98 billion, the Investment Company Institute said Thursday.
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Assets of the nation's retail money market mutual funds fell by &#36;4.03 billion in the latest week to &#36;828.98 billion, the Investment Company Institute said Thursday.
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Brokerage announces weaker-than-expected results dragged lower by a writedown in the value of some of its assets.
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Assets of the nation's retail money market mutual funds fell by &#36;3.01 billion in the latest week to &#36;825.62 billion, the Investment Company Institute said Thursday.
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Assets of the nation's retail money market mutual funds fell by $1.06 billion in the latest week to $917.70 billion, the Investment Company Institute said Thursday.
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Third-quarter results from Goldman Sachs and Lehman Brothers point to many difficult months ahead for Wall Street.
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Most mutual fund managers failed to beat the major market indexes last year, according to a report from Standard &amp; Poor's, reflecting a trend that shows passive investing delivers better returns over the long haul.
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Assets of the nation's retail money market mutual funds fell by &#36;1.92 billion in the latest week to &#36;829.07 billion, the Investment Company Institute said Thursday.
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3M Co. MMM.N on Monday reported a 17  percent rise in third-quarter earnings due in part to the weak  dollar, but the diversified manufacturer's results fell short  of Wall Street's estimates for the first time in nearly four  years, sending shares down 5 percent.
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Blue chips closed lower off highs as Wall Street remained lower with interest rate sensitive sectors such as retailers bearing the brunt of the falls with a disappointing update from DSG International helping to weigh down the FTSE 100.
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The company's dismal earnings have dimmed investor enthusiasm.
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Wall Street stock indexes closed out a dismal third quarter mixed Thursday after Merck &amp; Co. stated it would remove its best-selling Vioxx arthritis drug from the market.
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The sluggish bond market took a toll on another Wall Street behemoth, as JPMorgan Chase reported a 13per cent drop in third-quarter earnings, far worse than Wall Street analysts had expected.