Chemung NEWS - Stocks Retreat After Opening Rally - Street.Com Chemung NEWS - Stocks Retreat After Opening Rally - Street.Com

Friday, March 6, 2009

Chemung NEWS - Stocks Retreat After Opening Rally - Street.Com

Meanwhile, Morgan Stanley ( MS Quote - Cramer on MS - Stock Picks ) is seeking to lure more high-net-worth clients by offering Federal Deposit Insurance Corp. insurance on deposits ranging from $1 million to $100 million, Dow Jones Newswires reports Biggs NEWS

Stocks were mixed Friday morning, with traders shrugging off the latest dismal report on the labor market from the government. The bleak data were not quite as catastrophic as investors feared, and the major averages struggled higher at the market's Biggs NEWS

(RTTNews) - Stocks have seen substantial volatility over the course of morning trading on Friday after posting steep losses in the previous session. While the major averages moved sharply higher in early trading, they have shown a notable move back Biggs NEWS

NEW YORK (CNNMoney.com) -- Stocks struggled Friday morning as investors eyed a bleak February jobs report and ongoing economic concerns. The Dow Jones industrial average ( INDU ) added 20 points, or 0.4%, over an hour into the session, after ending Biggs NEWS

NEW YORK (CNNMoney.com) -- Stocks erased early gains Friday and turned lower, as a bleak February jobs report exacerbated worries about the economy, sending Wall Street to fresh 12-year lows. The Dow Jones industrial average ( INDU ) lost 35 points Biggs NEWS

The bank cut its quarterly dividend by 85.3 percent to 5 cents, saying the move would let it retain an additional $5 billion in common equity each year. Shares of the company closed at $10.20 Thursday on Nasdaq. They rose 13.77 percent after market Biggs NEWS

Even the nihilists out there (anyone?) will be disheartened by this: A new nationwide survey finds that "top economists expect the already deep recession to get even worse this year." That bad news, coming during a bear market that's decimated just Biggs NEWS

Markets remained locked in a familiar pattern on Friday as an early stock rally evaporated nearly as quickly as it began, leaving indexes near their worst levels in more than 12 years. The Dow was up more than 160 points at its morning high but has Biggs NEWS

Stocks, up solidly at the outset of Friday's session, turned lower in volatile trading later in the morning. Some see a report that February U.S. nonfarm payrolls fell 651,000, with the unemployment rate rising to 8.1%, as a possible trough for the Biggs NEWS

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