Stocks fluctuate as profit-taking sets in
Wall Street fluctuated Tuesday as investors reacted enthusiastically to the U.S. government's plans to spend $250 billion to buy stock in private banks but also collected profits from the previous day's massive advance. The Dow Jones industrial average shifted between modest losses and gains a day after its record 936-point jump.
Bank rescue optimism offset by profit worry
The Dow and S&P 500 edged higher on Tuesday, buoyed by the U.S. government's plan to pump money into banks, but worries over the credit crunch's impact on corporate results kept the Nasdaq lower.
London stocks advance
The FTSE 100 index of shares closed with solid gains for a second straight day Tuesday on sustained investor confidence in government efforts to snuff out a global credit crisis.
McCain would guarantee all savings for 6 months
Republican presidential candidate John McCain on Tuesday proposed a $52.5 billion economic plan that would eliminate taxes on unemployment benefits and cut the capital gains tax while warning voters about taking a chance on Democratic rival Barack Obama.
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Wall Street fluctuated Tuesday as investors reacted enthusiastically to the U.S. government's plans to spend $250 billion to buy stock in private banks but also collected profits from the previous day's massive advance. The Dow Jones industrial average shifted between modest losses and gains a day after its record 936-point jump.
Bank rescue optimism offset by profit worry
The Dow and S&P 500 edged higher on Tuesday, buoyed by the U.S. government's plan to pump money into banks, but worries over the credit crunch's impact on corporate results kept the Nasdaq lower.
London stocks advance
The FTSE 100 index of shares closed with solid gains for a second straight day Tuesday on sustained investor confidence in government efforts to snuff out a global credit crisis.
McCain would guarantee all savings for 6 months
Republican presidential candidate John McCain on Tuesday proposed a $52.5 billion economic plan that would eliminate taxes on unemployment benefits and cut the capital gains tax while warning voters about taking a chance on Democratic rival Barack Obama.
News from Yahoo News