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Treasury prices fell Thursday after Federal Reserve Chairman Ben Bernanke said regulators should take steps to stave off future financial troubles and as weekly unemployment claims fell.
Wall Street showed some reassuring signs of stability Friday, closing mostly higher despite the biggest monthly decline in jobs in five years. The major indexes ended the first four sessions of the second quarter with a healthy advance.++
Stocks advanced modestly Friday as investors appeared mostly unfazed by a report showing the economy gave up 80,000 jobs last month. While some nervous investors fled to government bonds, the report appeared to simply confirm many investors' assumptions of a widespread economic slowdown.
Wall Street capped a week of remarkable volatility with a big advance Thursday that left stocks higher for the week but didn't silence all of investors' concerns about the economy and the financial system.
Wall Street headed for a lower opening Friday, as investors wait for a report on consumer-level inflation in February and a speech by President Bush on the faltering economy.
Long-term Treasury prices closed higher Thursday after investors digested a series of uneven economic reports that on balance suggested more interest rate cuts could be in the offing.
Long-term Treasury prices turned lower Thursday after Standard & Poor's Ratings Services said financial firms may be nearing the end of write-downs of subprime asset-backed securities.
Treasury prices sold off sharply Tuesday after the Federal Reserve and other major central banks unveiled a plan to offer up to $200 billion in Treasurys to cash-starved financial institutions.
Long-term Treasury prices rallied Monday as stocks came under pressure from yet another record-smashing new oil price high and continued nervousness in the credit markets.
Treasurys closed mixed Friday, after being buffeted by a complex mix of news developments, including heavy monthly job losses on the one hand and a generally successful stock sale by bond insurer Ambac Financial Group Inc. on the other.
Treasurys rallied sharply Friday, sending the 2-year yield to a four-and-a-half year low, after news of heavy job losses last month suggested a recession is under way.
Treasurys rallied Thursday, as news of margin call problems at Carlyle Capital Corp Ltd. and Thornburg Mortgage and a financing squeeze for an Alabama county made clear the credit crisis has entered a troubling new stage.
Treasurys fell sharply Wednesday after a report on the shrinking services sector came in better than bond investors expected.
Short-term Treasury prices rose Tuesday after Federal Reserve Chairman Ben Bernanke's warning of further erosion in the housing sector made investors again seek the safety of government debt.
Treasury prices rallied Friday, benefiting from a sharp decline in equity markets as investors reacted to weak economic reports and disappointing corporate earnings. The stock selloff sent the Dow Jones industrial average down more than 300 points.
Stocks fell sharply Friday after a series of depressing economic and corporate reports as well as high oil prices stoked concerns about the health of the economy. The major stock indexes fell more than 2.5 percent and the Dow Jones industrials lost 315 points.
Treasury prices rallied Friday, benefiting from a sharp decline in equity markets as investors reacted to weak economic reports and disappointing corporate earnings.
Stocks sank Thursday as investors fretted over a rise in unemployment claims and the prospect of more bank failures. The Dow Jones industrial average fell 112 points, breaking its four-day winning streak.
Treasury prices rallied Thursday after new reports showed the economy barely moved forward at the end of last year and that jobless claims rose last week.
Wall Street finished mixed in another seesaw session Wednesday after regulators allowed Fannie Mae and Freddie Mac to buy more mortgages and Federal Reserve Chairman Ben Bernanke said the central bank will remain vigilant about the weakened economy.
Wall Street reversed earlier losses and rallied Tuesday after IBM approved a $15 billion stock buyback, suggesting to investors that there are still some companies out there with financial muscle. The Dow Jones industrial average rose more than 110 points.
Long-term Treasurys fell Tuesday after the latest wholesale price report raised concerns that a commodities rally has sent inflation spiraling throughout the broader economy.
Stocks headed for a higher opening Monday, with sentiment bolstered by news of a renewed $2 billion offer from videogame maker Electronic Arts for rival Take-Two.
Wall Street was poised to open mildly higher Tuesday following the previous session's rally inspired by optimism about the health of ailing bond insurers.
Treasury prices closed mixed Friday after wary investors bought shorter-term notes as a hedge against economic and political risks, but sold long-term bonds on inflation worries.
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