On a week where the Dow closes above 10K, gold tops $1,100 and unemployment hits 10.2%, the markets shrug off negative data to end the week up over 3%.
The Fast Money crew likes Wal-Mart, even more so after a recent breakout from a triangle formation — a very bullish indicator for the retailer.
Stocks bounced around Friday as investors juggled a disappointing jobs report and some analyst upgrades.
Which has happened more often - the Yankees winning the World Series or the Dow crossing above 10,000?
There's little doubt about what investors are focused on this morning: the October employment report, set for release at 8:30 am New York time.
The latest overall job loss numbers showed a loss of 190,000 jobs in September and the unemployment rate rose to 10.2%, the highest unemployment rate since April 1983. The August and September numbers were revised as well. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
The current market rally will stop in the next few days, a correction of at least 3 weeks will follow, but stocks will rebound and finish high in 2010, independent trader Bill McLaren said Friday.
Stocks rallied Thursday after a strong reading on productivity and an easing in jobless claims — an encouraging sign ahead of tomorrow's jobs report.
Chartologists, including Greg Troccoli, are seeing a head-and-shoulders formation taking hold on the S&P today. Is it signaling a market reversal?
Stocks opened higher Thursday as a strong reading on productivity and an easing in jobless claims helped cheer investors during a choppy week of trading.
The major averages are coming off their second consecutive mixed sessions, with a late selloff Wednesday wiping out what had been strong gains.
In extended trade shares of Cisco popped as much as 4% after the company beat Street estimates. But is it enough to spark a rally?
Stocks ended mixed Wednesday as a post-Fed rally fizzled. Stocks had opened higher as investors cheered some encouraging readings on the economy, then swung in about a 50 point range after the Fed's statement, before finishing narrowly mixed.
Stocks rallied Wednesday after the Fed's statement. The market had been higher before the statement as investors cheered some encouraging readings on the economy, then swung a little right after the statement before barreling higher.
Stocks jumped Wednesday as investors shrugged off a weaker-than-expected reading on the services sector and cheered an improvement on the jobs front.
Gold hit another new record high this morning and was up over 1092 for the first time as the dollar fell. The move represents a ~0.5% for the day and a ~20% gain for the past 6 months. By comparison, gold's move is still far from where it was in 1979 - 1980.
The job market and the Fed are likely to be at the center of Wall Street's focus Wednesday, following a volatile session which saw the major averages end not too far from where they started.
The FOMC meets today for the tenth time this year and there are growing expectations that the U.S. Federal Reserve and other central banks may be considering raising their key rates sooner than later amidst hopes of economic recovery.
The economy and the stock market have very good potential to climb, as the strength of the recovery will surprise many, two market experts told CNBC Tuesday.
The world will slump into a depression similar to that in the 1930s if stimulus measures are pulled out too soon, an economist warned. But investors have a chance to make good money in stock markets, a strategist said.