Money & Company

Tracking the market and economic trends
that shape your finances.

« Previous Post | Money & Company Home | Next Post »

Wall Street: Stocks and gold waver as optimism fades

September 28, 2011 |  8:09 am

Wall sign -- stan honda afp getty images

Gold: Trading now at $1,652 an ounce, down 0.1% from Tuesday. Dow Jones industrial average: Trading now at 11,168.50, down 0.1% from Tuesday.

Optimism fades. Stock markets around the world Wednesday have been mixed as recent optimism fades about a possible solution to the European debt crisis.

Hedging losses. British hedge fund manager Man Group is the latest big investor to detail its losses during the recent market turmoil. Meanwhile, vultures are circling the assets of another once-mighty, now-struggling hedge fund magnate, John Paulson.

Hacking Lloyd. Hackers have found their way to personal details of Goldman Sachs CEO Lloyd Blankfein and posted them online -- but don't expect any major revelations.

-- Nathaniel Popper

Photo: Wall and Broad. Credit: Getty Images / Stan Honda