Latest financial news - CNNMoney.com
Stocks closed higher Monday afternoon at the end of a half-day of trading on the eve of a Christmas pause, as investors flocked to financial services firms after yet another Wall Street firm announced a big foreign cash investment.
WSJ.com: Markets
The Dow industrials jumped by 98.68 points to 13549.33 in an abbreviated pre-holiday session, as financial stocks advanced on optimism that banks and brokerages can find fresh sources of capital, and investors hoped holiday sales will turn out to be stronger than anticipated.
washingtonpost.com - industries
NEW YORK (Reuters) - Stocks rallied on Monday, led by financial companies, after Merrill Lynch (MER.N) took steps to shore up its balance sheet with plans to raise up to $6.2 billion and sell a lending unit.
Latest financial news - CNNMoney.com
Stocks held gains Monday afternoon as news from Merrill Lynch helped boost the financial sector and an upbeat retail sales report suggested consumer confidence is stronger than expected.
Yahoo! News: Stock Markets News
FT.com - Wall Street stocks rose on Monday after Merrill Lynch announced a capital injection of up to $6.2bn, spurring a rally in financial stocks at the start of an abbreviated Christmas-Eve trading session.
Latest financial news - CNNMoney.com
Stocks made headway Monday morning as news from Merrill Lynch helped boost the financial sector and an upbeat retail sales report suggested consumer confidence is stronger than expected.
China Post Online - Taiwan Business,World Business - chinapost.com.tw
Asian stock markets gave investors a white-knuckle ride in 2007 but most are up sharply and analysts predict turbulent gains next year despite a severe U.S. financial crisis.