Financial Market News

Wall Street's six-day win streak is in jeopardy on Wednesday as the bulls hit the pause button after disappointing housing data and mixed earnings reports.

Lackluster economic data out of China and the U.S. offset a string of positive developments in Europe to keep a lid on global stock markets on Wednesday following a strong run, particularly on Wall Street.

Intuitive Surgical was among those reporting disappointed results. A worse-than-expected report on the housing market also weighed on the broader market.

Investor sentiment was weak on Wednesday as Wall Street sifted through and awaited another batch of earnings reports, including by Apple and Facebook.

Peter Costa works with fellow traders on the floor of the New York Stock Exchange, Tuesday, April 22, 2014.

Every trade has two sides, writes Steve Utkus a principal and director of the Vanguard Center for Retirement Research.

The deal, disclosed on Tuesday, comes as Goldman is working to bulk up its asset management unit, partly by strengthening its quantitative product offerings.

New Zealand stocks rose as Genesis Energy held its gains on the second day of trading, lifting sentiment for fellow government-controlled energy companies, Mighty River Power and Meridian Energy.

The Federal Election Commission will consider a request this Wednesday that could open the floodgates for donors to make political contributions in bitcoin in the upcoming midterm elections.

The market also got a lift from deal news. Netflix rose after reporting a big jump in its earnings and Botox maker Allergan rose sharply on a takeover bid.

European shares rose in early trade on Tuesday as mergers and acquisitions activity in the pharma sector helped the market extend last week's gains and eclipse disappointing results from Dutch conglomerate Philips.

Shares in Botox maker Allergan will be watched closely after activist investor Bill Ackman and Valeant Pharmaceuticals said they were planning a joint bid to buy the company.

Wall Street stocks closed on a high note Monday follow the holiday weekend, with a boost from a promising economic survey.

Asian stocks edged higher on Tuesday following a Wall Street rally powered by positive earnings reports but the mood was still cautious before a report on Chinese manufacturing and possible sanctions against Russia over Ukraine.

Japan overhauled the world's biggest public pension fund on Tuesday, appointing new committee members, in a push toward Prime Minister Shinzo Abe's goal of a more aggressive investment strategy.

Economists had expected growth to accelerate in 2014 after two years of slow and steady improvement.

Economists had expected the growth to accelerate in 2014 after two years of slow and steady improvement.

Falling mining stocks pushed the Toronto stock market slightly lower Monday as traders look to a heavy slate of earnings news coming out during the week.

A measure of the U.S. economy's health rose in March for the third consecutive month, a sign of stronger growth after harsh winter weather caused the economy's pace to slow.

The Standard & Poor's 500 index is coming off its best week since July as first-quarter corporate earnings begin to come in.