CNBC's Dominic Chu tracks big moves in the Dow Jones Industrial Average this week.» Read More
Every generation searches for an identity. There were the Baby Boomers, followed by slacker Gens. X and Y. It took a 50% drop in the Dow and more than 3 million jobs lost to figure it out. This is nothing to LOL about: It's Generation OMG!
Stock index futures pointed to a lower open for Wall Street, but were off the day's lows as Dow component Merck announced it will merge with Schering-Plough in a cash and stock deal.
A market bottom is nowhere in sight and safety of investment still beats quality as a choice for investors, as markets remain extremely volatile, Nick Parsons, head of strategy at nabCapital Markets told CNBC.
On a week that saw a late-day rally for the Dow & S&P Friday, managing to close in positive territory for the day, following a dismal jobs report, increased concerns over GM's viability and another bailout for AIG, the markets fell 6% or greater for the week.
The latest overall job loss numbers showed a loss of 651,000 jobs in January and the unemployment rate climbed to 8.1%. This is the highest unemployment rate since 1983. The January and December numbers were revised to a loss of 655,000 and 681,000 respectively. 4.4 million jobs have now been lost since this recession began. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
As General Electric continues to fall, the company that once boasted a half trillion dollar market cap, is now at risk of falling out of the Top 20 biggest companies in the S&P 500.
Following a sharp drop in the Dow to 1997 levels, here is a look back at that time in history:
When stocks go down, we financial journalists get a lot of hate mail. People lose money, they get cranky and they want someone to blame. We understand. And, in that spirit, we're offering this hilarious list of CNBC "separated at birth" comparisons. Go ahead. Laugh with us. Laugh at us. We're here for you.
Two months into the year, the average dividend yield of the Dow 30 has continued to rise since the start of 2009, despite some significant dividend cuts like those from CNBC parent, General Electric. See how the 30 companies in the Dow compare.
The Dow Jones Industrial Average could pull up from its recent dramatic freefall if the Dow Jones Transportation Average manages to stay above critical support levels, Roelof van den Akker, chartist at ING Wholesale Banking, told CNBC.
The unpalatable truth is that equity markets seem the purest measure of investor confidence, corporate health and economic prediction.
February was a chilly month for U.S. equities. And March is looking even worse. It looks like a recession is the only thing roaring this month and the charts say that the Dow is heading below the 6,000 level.
The Dow Industrials, Dow Transports, and Dow Utilities are all hitting multi-year lows now. While the Dow Industrials and Dow Transports have been closing at new lows for days, the Dow Utilities closed below its October low for the first time on Friday.
While January was a poor month for the markets overall, February turned out to be worse. Both the Dow Industrials & S&P 500 once again had their worst month since last October – a feat which they both achieved in January as well. Will March be any better?
On a week that saw the US economy contract more than expected, the government boost its equity stake in Citigroup, GE cut its dividend, and President Obama present his budget, the markets fell through May 1997 lows, ending the week down 4% or greater.
Fourth Quarter GDP, was revised down to -6.2%, the worst quarter since Q2 1980 when economic "growth" was -7.8%. The revision is a significant move from the -3.8% that was originally reported. Here is a breakdown of where the economy is shrinking most.
The light at the end of the tunnel might be around the corner as the downturn is nearing the usual length of the average bear market, but the UK markets could still go lower, analysts told CNBC Thursday.
This morning's weekly employment numbers showed initial jobless claims hitting 667 thousand new claims.
The Dow Jones Industrial Average is nowhere near the bottom, despite recent measures by authorities to boost the beleaguered banking sector, Edward Loef from Theodoor Gilissen Bankiers told CNBC.