Senate Democrats on Tuesday began enumerating ways to cut the US budget deficit. Tax breaks for oil and gas companies topped their list, as they challenged Republicans to whittle 'subsidies.'
Dow falls 139 points and S&P drops 0.9 percent. Investors wait for direction from Friday's employment numbers.
The Dow fell 83 points, and commodity prices fell due to concerns of an economic slowdown in the US, China, and India
The Dow fell about 3 points, ending a four-day winning streak
Pointing to record profits and unprecedented gasoline prices, President Obama and congressional Democrats want to end subsidies to the oil and gas industry. Republicans and the industry say that would harm the economy.
Bernanke press conference will be one for history books – and traders. Earnings will also be released from the likes of Boeing, BP, Starbucks, and Moody's.
The Fed will hold its first-ever quarterly briefing, and new data will likely reveal sluggish economic growth for the first quarter
GE hoax, devised by a group of imposters who sent out a fake press release, tricked the Associated Press and Dow Jones news wires into publishing an incorrect story about how GE would give a $3.2 billion tax refund to Washington. Can the scammers behind the GE hoax hurt business?
Stocks and commodities fall sharply, after Goldman warns of substantial pullback in oil prices. Dow loses 117 points.