Stock Markets News

SEC head urges Congress to act on derivatives (AP)

FILE  - In this June 22, 2009 file photo, U.S. Commodity Futures Trading Commission Chairman Gary Gensler testifies on Capitol Hill in Washington, before the Senate Banking Committee. Gensler criticized Wall Street's stance on proposed new oversight for the shadowy $600 trillion derivatives market Thursday, March 11, 2010. Derivatives have been blamed for hastening the 2008 financial crisis.(AP Photo/Susan Walsh, file)AP - The government's top securities regulator called Thursday for Congress to impose new oversight on financial derivatives, warning that allowing risky instruments like credit default swaps to continue unfettered could bring further economic damage.


SEC head prods Congress on derivatives rules (Reuters)
Reuters - The top U.S. securities regulator said market watchdogs need to supervise credit default swaps, securities blamed for exacerbating 2008's market meltdown and more recently the Greek debt crisis.

How the major stock indexes fared on Thursday (AP)
AP - A rally in financial stocks Thursday helped the market extend its grind higher to a third day.

Stocks climb for 3rd day as financial shares rise (AP)

In this March 8, 2010 photo, a sign for Wall Street is shown near the New York Stock Exchange. Stock futures fell slightly after the Labor Department said first-time claims for jobless benefits fell slightly less than expected.(AP Photo/Mark Lennihan)AP - A rally in financial stocks Thursday helped the market extend its grind higher to a third day.


A look at global economic developments (AP)
AP - A look at economic developments and activity in major stock markets around the world Thursday:

Stocks up for 3rd day; financial shares rise
A rally in financial stocks helped the market extend its grind higher to a third day. Standard & Poor's 500 index closed just above its January peak to set a new 17-month high.


Business - Investing - Stocks and Bonds - Equities - Research and Analysis

Big majority wants Wall Street regulation
An overwhelming majority of Americans wants Wall Street subjected to tougher regulation in the aftermath of the bank bailout and the bonus scandals, according to a poll.



Wall Street - United States - Business - Financial services - Banks and Institutions

Americans' wealth up for 3rd straight quarter
Americans regained more of their shrunken wealth last quarter, mainly because the economy boosted stock portfolios. But the gain was less than in the previous two quarters.


United State - Business - Wealth - Recession - Republican

New jobless claims fall less than expected
The number of U.S. workers filing new applications for unemployment insurance fell slightly less than expected last week, a government report showed on Thursday, hinting at a slow labor market recovery.


United States - Jobless claims - Unemployment benefits - Labour economics - Business

Trade gap shrinks as auto, oil imports drop
The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell.


Balance of trade - United States - Balance of payments - Business - International Business and Trade

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