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As Bank of America Corp.’s stock has tumbled and clawed back in recent days, city leaders, business owners and others with a stake in the company are waiting to see what happens next.The stock market swings have delivered a familiar feeling of anxiety to a city pummeled by the financial crisis. Local leaders and business owners say they aren’t as fearful this time. But they acknowled...
WASHINGTON — After a spate of bad economic news and a 10-day pounding of stock prices, Fridays jobs report is likely to play an outsized role in either calming the waters or deepening fears that the U.S. economy is sliding back toward recession. Stocks plummeted Thursday as investors
The bin Laden rally lasted all of three hours. Stocks began climbing Monday morning after news of the death of the world’s most wanted terrorist. Strong earnings reports from Humana Inc. and other companies also pushed them higher. But by lunchtime, the gains were gone. The major indexes wavered throughout the remainder of the day and closed slightly lower. “As great as the news is,...
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