Also in this playlist...
This transcript is automatically generated
Good morning well it was a bumpy ride for investors on Wednesday as a mid day turnaround lifted many of the major indexes higher.
But the Dow was unable to overcome an early 191.
Point decline pitching just about seven points lower.
-- that's the fourteenth down day in the past sixteen for the -- the worst streak since the bear market of 1982.
The big moves underscore the nervousness on whether agree or other European nations will stop using the Euro.
And went back to do to banks in Europe and here in the US.
Plus there are still concerns over slowing growth around the globe.
As for today investors will be focusing on weekly jobless claims durable goods orders and quarterly profit reports from consumer companies Costco HJ Heinz and Tiffany.
There's a surprising bright spot for the US economy new home sale the spring selling season has started strong.
Sales and prices in April rose a -- of traction in the beleaguered industry sales were 10% higher than a year ago.
And as follows a report Tuesday that existing home sales rose to a two year high.
The median price of a new and previously owned homes rose last mind.
The FaceBook IPO fallout continues as shareholders had sued the social network and its bankers.
They claim material information was withheld from most investors about a slowdown in Facebook's revenue growth.
It -- as only preferred investors got the updated information -- for FaceBook sold stock to the public in an initial public offering last Friday.
The stock closed at thirty bucks a share yesterday down 15%.
From its offer price on Friday.
Well that's business for more of the day's top stories log on to foxbusiness.com.
In New York I'm Robert Gray.
Filter by section