Stocks News

Sep 30 - Wall Street followed its worst day in over 20 years with the biggest one-day percentage gain for the S&P 500 in more than six years.

Shares of Sovereign Bancorp Inc. more than doubled in value Tuesday as the bank named former Chittenden Corp.

Bank-to-bank lending rates jumped Tuesday and Treasury bill demand eased only slightly, a day after Congress' rejection of the bank bailout plan cast an even deeper freeze over the barely operational credit ...

Sen. John McCain also came out in support of the FDIC increasing the limit on insuring bank accounts.

Stocks continued a rebound following a private research group report that Americans' confidence in the economy has improved in September.

Lloyds TSB has denied market rumours the deal to buy Halifax Bank of Scotland could be in danger, as the HBOS share price falls.

U.S. stocks headed for a partial rebound today, a day after stocks logged their steepest losses in years when the House voted down a proposed $700 billion rescue plan for the financial sector.

Most Asian stock markets fell Tuesday in stunned dismay over U.S. lawmakers' rejection of a $700 billion bank rescue plan aimed at stabilizing the U.S. financial system.

The House's rejection of the financial bailout plan flung the credit markets into further disarray Monday, sending investors swarming again for the safety of Treasury bills.

Adding to their woes, the mortgage finance giants Fannie Mae and Freddie Mac are facing a federal grand jury investigation into their accounting practices.