| Major Hedge Funds Cut Back Equity Risk [at New York Times] - Even some of the savviest hedge fund managers got burned in 2008 by sticking with their hot stocks for too long as the market tumbled, Reuters writes. us.rd.yahoo.com |
Sector Snap: Airlines rise on positive demand news [AP] - Airline stocks gained Tuesday on lower oil prices and a report from an international trade association that said demand has recovered faster than expected from the recession. finance.yahoo.com |
Dollar falls on rate decision THE dollar fell and bonds rose after the Reserve Bank left the cash rate unchanged at its October board meeting today. news.com.au |
US STOCKS SNAPSHOT-Wall St ends higher on Fed hopes U.S. stocks finished higher on Friday, with the Dow closing above the 11,000 mark for the first time in five months, as a surprisingly weak jobs report strengthened the case for more stimulus from the Federal Reserve. us.rd.yahoo.com |
Stocks Fall On Worries Over Fed's Strategy Reports that QE2 may be slimmer than expected overshadow earnings beat from Procter & Gamble, send stocks lower. us.rd.yahoo.com |