Wall St Week Ahead: The market is oversold, but major signs say "sell"
NEW YORK - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions.
Recent Business News
Russia Sberbank sees sale certainty after government formed
WASHINGTON - Europe's second largest lender Russia's Sberbank will see some certainty over the planned privatization sale after the new Russian government's lineup is announced on May 21, CEO German Gref said on Saturday.
Obama pledges tough enforcement of Wall Street reforms
WASHINGTON - President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation.
Seaway pipeline sends oil to Texas in historic reversal
HOUSTON - The Seaway pipeline began pumping crude from Cushing, Oklahoma, oil tanks to the heart of the U.S. refining industry in Houston on Saturday, marking a historic shift in the way oil flows across the United States.
Audi eyes management reshuffle: CEO in magazine
FRANKFURT - Volkswagen's Audi division is looking into a management reshuffle as it eyes an expansion in China, Latin America and the United States, the unit's head told a German magazine.
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 12,369.38 |  -73.11 |
-0.59% |
| S&P 500 | 1,295.22 | -9.64 |
-0.74% |
| NASDAQ | 2,778.79 | -34.90 |
-1.24% |
| TR US Index | 117.32 | -0.96 |
-0.81% |
Sector Summary
| Energy | -0.62% |
| Basic Materials | -0.99% |
| Industrials | -1.17% |
| Cyclical Goods & Services | -1.19% |
| Non-Cyclical Goods & Services | -0.83% |
| Financials | -1.27% |
| Healthcare | -0.73% |
| Technology | -1.47% |
| Telecoms |  +0.08% |
| Utilities | -0.05% |
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