Professor’s Advice: It’s Best to Be Bored

David Snowball, creator of the Mutual Fund Observer website, says exciting investments can be hazardous. Among mutual funds, he suggests promising new offerings and overlooked gems.

Small-Caps, Dow Transports Leading Market Lower

In a repeat of yesterday’s action, small-cap stocks, transports are lagging the broader market.

Stocks aren’t down that much, with the Dow off just 50 points, or 0.4%, and the S&P 500 down 0.3% and the Nasdaq off 0.2%.

Stock investors are supposedly just now realizing that Italian bond yields are at 6.7%, according to some theories about why the market’s down today. Welcome to yesterday, if that’s the case.

The Russell 2000, meanwhile, is off 0.9%, and the Dow transports are down 1%.

Those two bellwether indexes ended yesterday in the red, bucking a broad market rally. That suggests there’s still a lot of caution out there.

Europe Tries to Rescue Its Rescue

Euro-zone finance ministers sought to revitalize their sagging plans for a big bailout fund, even as the bloc’s debt crisis reached new levels of panic in Italy.

Goldman’s Tale of Two Banks

The securities house known as Goldman Sachs didn’t have a terrible third quarter—in fact, it was decent considering all the market upheaval. Unfortunately for investors, the hedge-fund/private-equity shop also known as Goldman Sachs took a beating.

Crude Ends Higher

U.S. oil futures advanced to their highest finish in a month, moving in lockstep with the rallying stock market and shrugging off concerns about weakening Chinese economic growth.

HP CEO Apotheker fired, replaced by Meg Whitman

Hewlett-Packard’s board on Thursday ousted CEO Leo Apotheker after just 11 months on the job, replacing him with Meg Whitman.

News Hub: Dow Breaks 8-Day Losing Streak

Blue-chip stocks reversed a steep morning drop to snap an eight-day losing streak. Paul Vigna has details.



Bond yields rising? Curb your enthusiasm

Happy days are here again? Not exactly. But if you look at what’s going on the bond market, it might be fair to say that “less bad” days are here again.

Stocks Rally On Basel Rules

Banks are driving a rally on Wall Street, as new rules on capital ratios appear less onerous than feared. Also, Chinese data eases worries over the global economy. Eduardo Kaplan, Anna Raff and Paul Vigna discuss.



Evidence of fraud mounts in Ecuadorian suit against Chevron

A lawsuit against Chevron in Ecuador, which has become a cause célèbre for environmentalists worldwide, has suffered severe, crippling setbacks in recent months, as key plaintiffs lawyers have come under credible and weighty allegations of fraud.

China’s inflation battle intensifies

Inflation in China accelerated last month, as rising food prices pushed overall prices higher.

News Hub: Before the Opening Bell

Paul Vigna discusses the outlook for markets following the agreement of new global banking regulations and strong economic data from China.