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INVESTOR ALERT
Multimonth highs for oil, stocks, Treasury yields

May 8 2009 10:15 P.M. ET

Bulls cling to recovery hope

Dow Industrials finish week up more than 4% as Wall Street cheers jobs report and results of government's bank stress tests.
• Crude rallies |  Nasdaq makes it nine straight
• Lieberman: Bulls will have years to roam  Audio
• Banks bounce  

after hours
Bank rally eases
Wells Fargo, J.P. Morgan and Bank of America all pull back after run-up.
• Berkshire posts net loss of $1.53 billion

Latest News more » Top Stories more » Market Pulse more » Headlines more » Press Releases more »

  • 5:04 p.m.

    [BRK .A] Berkshire Q1 Class A net loss $990 a share

  • 5:03 p.m.

    [BRK .A] Berkshire Q1 Class A op. earnings $1,100 a share

  • 4:40 p.m.

    Caldera resignation follows NYC photo op uproar

  • 4:39 p.m.

    White House Military Office's Louis Caldera quits

  • 4:32 p.m.

    [BAY] S&P cuts British Airways to 'BB' on weak outlook

  • 4:26 p.m.

    [MI] Marshall & IIsley late-shares down 2.6% to $9.57

  • 4:17 p.m.

    [WFC] CORRECT: Wells Fargo raises $8.6 bln via offering

  • 4:06 p.m.

    [JPM] J.P. Morgan late-shares off 0.7% at $38.67

  • 4:06 p.m.

    [COMP] Nasdaq Composite adds 22.76 points to 1,739.00

  • 4:06 p.m.

    [FITB] Fifth Third shares up 0.5% at $8.53 in low volume

  • 4:05 p.m.

    [SPX] S&P 500 Index rises 21.85 points to 929.24

  • 4:05 p.m.

    [GM] GM to give update on restructuring effort Monday

  • 4:05 p.m.

    [INDU] Dow industrials up 164.80 points to 8,574.65

  • 4:04 p.m.

    [C] Citigroup late-shares up 0.3% at $4.03

  • 4:04 p.m.

    [COMP] Nasdaq Composite rises 1.2% for the week

  • 4:04 p.m.

    [WFC] Wells Fargo late-shares down 0.6% at $28.06

  • 4:03 p.m.

    [SPX] S&P 500 Index up 5.9% from week-ago close

  • 4:02 p.m.

    [INDU] Dow industrials tally weekly gain of 4.4%

  • 3:31 p.m.

    [BAC] S&P affirms Bank of America's 'A/A-1' rating

  • 3:22 p.m.

    [WMB] Williams Cos: Venezuelan government seizes assets

 
Today inside MarketWatch
   MULTIMEDIA
employment
 Job boom coming?  

History shows that job booms typically follow recessions. What will be the next boom industry? Stacey Delo reports.

• Social Security pitfalls
• 'Buy and hold' still relevant?  
• Foreclosed and flattened  

   IN NEWSLETTERS
Mark Hulbert
 Volatile or not?

The most widely used gauges of market volatility might not be telling the whole truth about stock markets right now.

Also in Newsletters:
• Brimelow's fable: The tortoise and the bear

  IN COMMENTARY
John Dvorak's
second opinion
 Charge it up

Altair Nanotechnologies' lithium-titanate battery technology is worth watching.

Also in Commentary:
 • Kostigen: gay marriage good for economy
• Friedman remembers Clinton vs. Fox
• Weidner on SEC overhaul (WSJ.com)
 • Poletti: When did GOOG become MSFT?

    IN PERSONAL FINANCE
Health matters
 Laboring to calculate birth costs

Forecasting out-of-pocket costs for childbirth is difficult for even the insurance-savvy, reports Kristen Gerencher (blog).
• Vital Signs: Pumping breast milk at work

Also in Personal Finance:
 • Debt-settlement firms can be risky
•  Openshaw: Tips for your teens
•  Even millionaires feeling the pain
• Refinancing underwater ARMs

economy
 Where are the jobs?
Payrolls report shows slight easing in pace of job destruction, but John Challenger (pictured at right) sees problems ahead for the 13.7 million unemployed who still can't find new jobs.
• April payrolls shed 539,000 names | Obama cautious (First Take)
 • Job boom coming?   | Obama wants to retrain jobless
 • Fed's Lacker sees core inflation in decent range this year

Stress-test aftermath
Banks 'melt up'
 Stress-test relief fuels a 'meltup' in the banking sector, helping large lenders raise more than $12 billion in new equity capital. 
• Weidner's stress-test analysis  
• Bank of America, Morgan sell debt  | Bank bulls breathe easier
• Derivatives show B. of A., Citi on top |  A provisional success (First Take)
 • The crisis is over — for now (Minyanville)

market snapshot
 Surreal estate
ETF of commercial-property companies has rallied 50% in past two months, despite mortgage delinquencies hitting 11-year highs.

retail
 On Target
Discount retailer gets two analyst upgrades, one day after it says first-quarter profit will be well above Wall Street's expectations.

autos
 GM joined in loss category
 Slump in car sales and strength in the yen leave Toyota with a bigger-than-forecast net loss as full-year revenue falls nearly 22%.
• GM CEO to offer update on restructuring efforts Monday  
• Toyota's rating cut by S&P | Even Toyota's hurting (First Take)

emerging markets report
 Big moves into emerging-markets funds
Brazil, China, India and Russia see inflows of $4 billion, the largest weekly amount since December and the eighth largest on record.

POWER
 Bulb makers see the light
 LED technology beckons when compact fluorescents reach limits.
• AES shares shrug off quarterly profit drop
• Calpine posts profit as investors turn bullish on prospects
• Mirant back in the black, but financial forecasts get a haircut

COMMODITIES CORNER
 China hunts bargains
Mainland apparently sees bargain prices to be capitalized on, in areas ranging from energy to metals to food staples.

The stockpickers
 Artio manager digs BHP, Rio Tinto
As mutual-fund manager Keith Walter surveys the globe for investments, he centers on former high-flyers that have tumbled hard.

Outside the box
Joining the bullish party
Ralph Acampora, once the dean of Wall Street technical analysts, joins a growing army of erstwhile bearish technicians and money managers who have gone to the bullish side over the past few months. 

NEWSROOM ROSTER | CORRECTIONS | CODE OF CONDUCT | FEEDBACK

U.S. Europe Asia Currency/Rates More Markets»
Dow
8,575 164.80
Nasdaq
1,739 22.76
S&P 500
929 21.84
Global Dow
1,610 25.58
Oil
$58.63 1.92
Gold
$914.90 -0.60
London
4,462 63.41
Paris
3,313 61.07
Frankfurt
4,914 109.80
Global DowEU
1,124 12.05
Tokyo
9,433 47.13
Hong Kong
17,390 171.98
Sydney
3,920 7.50
Global Dow
1,610 25.58
10yr Treas
3.28% -0.05
Euro / $1US
1.36 0.0252
$1US / Yen
98.38 -0.9000
Pound / $1US
1.52 0.0199
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