Shares initially gained after a rise in retail sales was reported, but slipped after a disappointing report on January’s business inventories.
Among the companies whose shares are expected to see active trading Monday are Apple, Citigroup and Exxon Mobil.
FALL OF A WALL STREET TITAN: The investment bank Lehman Brothers, saddled with tens of billions of dollars of troubled assets, collapsed into bankruptcy in September 2008. Its fall precipitated the financial meltdown.
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China's premier promised Sunday to increase imports to promote trade and appealed to other nations to oppose what he said was rising global protectionism.
China vowed Sunday to remain alert to any renewed signs of economic crisis, but said it will hold the line against critics urging an appreciation of its currency and will not seek an aggressive leading role in world affairs.
China's premier expressed concern about the U.S. dollar and called on Washington on Sunday to take "concrete steps" to reassure Beijing about the safety of its huge Treasury bond holdings.
China's premier rejected foreign pressure over its exchange rate controls and said Sunday the Chinese currency will be kept "basically stable."
Newly arrived Republican Sen. Scott Brown of Massachusetts accused President Barack Obama and Democrats on Saturday of a "bitter, destructive and endless" drive to pass health overhaul legislation that Brown warned would be disastrous.
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BloggingStocks: The Federal Reserve Board raised the discount rate by 0.25% after the close of the market Thursday, raised the minimum bid for the Term Auction Facility (TAF) by 0.25%, and shortened the maximum maturity for primary credit loans to overnight. The ... Read moreFiled under: Market Matters, Economic Data, Federal Reserve, Financial Crisis
BloggingStocks: The Federal Reserve Open Market Committee (FOMC) issued its statement indicating again that interest rates will remain low for an extended period of time. The decision was not unanimous with one dissenting vote.
The Fed continues to avoid any ... Read moreFiled under: Market Matters, Money and Finance Today, Economic Data, Headline News, Federal Reserve, Recession, Financial Crisis
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