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August 7, 2007

Wall Street drops in anticipation of Fed decision

Wall Street pulled back in early trading today as investors, uneasy before the Federal Reserve’s meeting during the afternoon, cashed in some of their gains from Monday’s big advance.

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Investment Tech Shares Rise on Upgrade

Shares of Investment Technology Group Inc. rose sharply Friday after JPMorgan upgraded the online stock-trading services platform, saying the New York Stock Exchange's continued shift toward electronic trading will boost ITG volumes.

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Wall St Deals Seen Getting Close Review

Regulators will pore over, but likely clear, Wall Street's two blockbuster mergers that would concentrate U.S. securities trading in the New York Stock Exchange and Nasdaq Stock Market , experts said on Friday.

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Trading glitches seen after new stock-trading rules debut

WASHINGTON (MarketWatch) -- The old rule of trading - buy low, sell high - was turned on its head recently for a few Nasdaq Stock Market stocks, which some see as sign of trouble for new trading rules adopted last year by the Securities and Exchange Commission. More...

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