Peter Cardillo
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Wall Street Clobbered As Crude Plummets, Virus Crisis Deepens
"There's a lot of fear in the market and if the price of oil continues to move lower it's an indication that a global recession is not far away," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
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Bernanke says Fed stimulus benefits clear, downplays risks
Federal Reserve chairman Ben Bernanke strongly defended the US central bank's monetary stimulus before Congress on Tuesday, easing financial market worries over a possible early retreat from bond purchases.
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World shares fall but stay near recent highs
The euro hit an 11-month high against the dollar on Monday on fading prospects of an interest rate cut in Europe, while world equity markets ticked lower following gains that took them to more than one-year highs.
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US Q2 growth revised up to 1.7%, Fed still in play
The U.S. economy fared slightly better than initially thought in the second quarter, but the pace of growth remained too slow to shut the door on further monetary easing from the Federal Reserve.
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Weak retail sales figures push US stocks lower
American shoppers slowed their spending in June, resulting in tepid sales for many retailers.
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Dow ends at 1-month high on Fed action hope
The Dow Jones industrial average soared 95.51 points to 12,837.33, its highest close in a month.
-
Wall Street Clobbered As Crude Plummets, Virus Crisis Deepens
"There's a lot of fear in the market and if the price of oil continues to move lower it's an indication that a global recession is not far away," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
-
Bernanke says Fed stimulus benefits clear, downplays risks
Federal Reserve chairman Ben Bernanke strongly defended the US central bank's monetary stimulus before Congress on Tuesday, easing financial market worries over a possible early retreat from bond purchases.
-
World shares fall but stay near recent highs
The euro hit an 11-month high against the dollar on Monday on fading prospects of an interest rate cut in Europe, while world equity markets ticked lower following gains that took them to more than one-year highs.
-
US Q2 growth revised up to 1.7%, Fed still in play
The U.S. economy fared slightly better than initially thought in the second quarter, but the pace of growth remained too slow to shut the door on further monetary easing from the Federal Reserve.
-
Weak retail sales figures push US stocks lower
American shoppers slowed their spending in June, resulting in tepid sales for many retailers.
-
Dow ends at 1-month high on Fed action hope
The Dow Jones industrial average soared 95.51 points to 12,837.33, its highest close in a month.
