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WSJ.com: Markets
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Markets
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Investors Warm Up to Risk
The Dow industrials rose 0.7%, propelled by strong gains for tech stocks, as investors appeared more willing to embrace risk after months of turmoil. The Nasdaq jumped 1.5%.
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Lewis: BofA Execs Shouldn't Get Bonuses
Bank of America CEO Lewis is recommending that he and his top lieutenants receive no bonuses for 2008. The bank tapped Dan Sontag to succeed Bob McCann as chief of the Merrill Lynch brokerage force.
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German Billionaire Commits Suicide
German billionaire Adolf Merckle has committed suicide after his business empire ran into trouble in the global financial crisis, his family said.
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Economic Concerns Halt Oil Rally
Crude futures fell for the first time this year, as the market paused to evaluate whether oil could continue to rally in the face of a severe economic downturn.
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Corporate Issuance Picks Up
Treasurys bounced back from earlier losses Tuesday after a well-bid 10-year TIPS auction, leaving government bond prices moderately bid across the curve.
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Nasdaq Opens Derivatives Clearinghouse
Nasdaq launched its clearinghouse for interest-rate-swap futures, aiming to sell equity stakes in the new market.
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Markets Open on Inauguration Day
U.S. financial markets will be closed Monday, Jan. 19, for Martin Luther King Jr. Day, but will be open as usual on the following day, Inauguration Day.
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JD Capital to Close Fund
JD Capital is winding down its once-$1.3 billion multistrategy hedge fund after big losses in 2008.
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Securities Lawsuits Leapt in '08
Securities-fraud lawsuits increased in 2008 due largely to a rash of filings against financial firms by investors who sustained losses from the mortgage meltdown.
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Moody's Downgrades Bahrain Outlook
Moody's Investors Service downgraded the credit outlook for the kingdom of Bahrain, marking the first sovereign-rating hit to the oil-rich Persian Gulf amid tumbling crude prices and a global financial crisis.
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