Credit worries, GM strike weigh on Wall Street
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Stocks fell on Monday as financial shares weakened on news that Germany's largest bank may take a big hit from subprime mortgage investments, while a landmark strike at General Motors raised concern about the economic outlook.
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Wall Street stocks were mixed on Friday as a modest rebound in the technology sector was overshadowed by heightened fears of corporate and commercial property credit defaults.
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Wall Street finished mixed Friday as lackluster economic reports offered investors little incentive to place big bets ahead of a long weekend. Disappointing data on manufacturing, consumer confidence and import prices reminded investors the economy is struggling. As a result, a week that began with a rally closed on a subdued note.
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Wall Street stocks closed higher on Wednesday buoyed by a decision by General Motors (NYSE:GM) workers to end their strike.
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Stocks fell on Thursday as doubts grew about a plan by global central banks to unfreeze credit markets, sending financial shares lower.
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Stocks fell on Friday, as bond yields rose and lingering credit worries dragged on financial stocks.
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U.S. stocks fell on Thursday as  disappointing earnings from automaker General Motors Corp.  GM.N, lackluster economic data and unrelenting oil pushing  higher took its toll on investors.
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NEW YORK An unexpected jump in unemployment claims and rising oil prices have stocks losing ground. Also, tech stocks are tumbling on poor sales forecasts from a pair of semiconductor makers.
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U.S. stock futures drifted lower on Thursday, pointing to a weak open on Wall Street, as automaker General Motors Corp.  posted earnings below Street estimates and a government report showed initial claims for U.S. jobless aid rose more than expected.
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General Motors Corp. GM.N will offer  car buyers nervous about rising interest rates a chance to  lock-in today's low rates in a bid to boost its sluggish U.S.  sales, car dealers briefed about GM's new sales incentive plan  said on Tuesday.
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U.S. stocks fell on Thursday on mounting concerns that credit market upheaval will erode bank profits and hold back consumer spending, but optimism about corporate investment helped lift technology shares.
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NEW YORK -- Wall Street fell sharply for a third straight session Thursday after rising bond yields stoked concerns that an interest rate cut later in the year is less likely. The Dow Jones industrials fell more than 100 points and the S&P 500 index hovered near the 1,500 mark.
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Stocks and bonds fell on Wednesday as   higher U.S. labor costs sparked fears the Federal Reserve may   again raise interest rates to fight inflation, and a drop in   Intel Corp., the world's largest chipmaker, also dragged on   technology shares.
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Wall Street stocks retreated on Monday as worries about credit losses at American International Group (NYSE:AIG) added to fears that US companies face further credit-related turmoil.
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Shares on Wall Street looked set for  a weaker start on Wednesday as concerns about the U.S. subprime  mortgage market resurfaced ahead of U.S. housing and key  inflation data and a slew of corporate earnings.
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U.S. stocks slid on Thursday as worries about bad mortgage debts hit bank shares and a warning from home builder Toll Brothers Inc.  reignited concern about weakness in the housing market.
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Wall Street slid in early trading after a profit warning from Capital One raised concerns about a spread of the turmoil in the credit markets.