The bear market rally in the Dow Jones Industrial Average has already seen its highs and it looks set to fall toward 965 points over the coming weeks, Roelof van den Akker, technical analyst at ING Wholesale Banking, told CNBC Tuesday.
The markets today are building on this week's losses - looking to finish a poor week on a down note. Today's declines have now pushed the S&P 500 into the red for the year (down 0.8% YTD), and have also extended the year's losses for the Dow & Nasdaq (both down 1.2% YTD). Despite hitting 15-month highs just three days ago, the markets are set for their 3rd weekly decline in the just the past 4 weeks, with the Dow flirting with its worst week since last May.
Taxing and bashing banks is no way to run an economic recovery plan. Sure, banks made mistakes. And I still believe that no bank bonuses should be paid while the banks were under TARP. But they have paid TARP down. Right now we need the banks to service customers and expand loans when economic recovery moves into the credit-demand, loan-demand phase.
Jitters ahead of President Obama's financial reforms and concerns over tighter lending measures to curb inflation in China are weighing on the markets again today. With another round of losses today, the major indices are now sitting at their lowest levels of the new year.
Today marks the 1 year anniversary from President Obama's Inauguration last year. Here are how the markets stand 1 year later and compared to presidents from 1901 until today.
In a surprise move on Wednesday, Sony unveiled its Motion Controller technology, a direct competitive threat to Microsoft's Project Natal, and way, way ahead of schedule.
With Intel in the books, and all indications of a tech recovery afoot, IBM's report after the bell tonight should go a long way toward keeping the tech rally alive. As long as expectations aren't exceeding reality when it comes to the company's growth and outlook.
The Dow Jones Industrial Average is struggling at current levels and could be set to move close to 9,350 points over the next few weeks, Roelof van den Akker from ING Wholesale Banking told CNBC Tuesday.
On a week where Alcoa kicked off the earnings season with a miss, oil fell back below $80 per barrel, and the equity markets hit new intraday 52-week highs before losing momentum Friday with a triple digit loss for the Dow, and ended up turning in a negative weekly performance.
The Dow Jones Industrial Average is currently trading near 10,700, but Jeff Hirsch, editor at Stock Traders Almanac told investors that the index could reach 15,000 by 2011. He shared his insights.
Renewed anger over Wall Street bonuses has led Congress to consider a tax on the U.S. financial firms that have tapped tax payer money under the U.S. Treasury’s Troubled Asset Relief Program (TARP) to cover losses.
The Dow has rallied more than 60 percent since the March lows, but about half of the stocks in the blue chip index have lagged. Should you buy the laggards now? David Katz, chief investment officer of Matrix Asset Advisors, shared his view.
Having gained tremendous popularity particularly over the past 5 years, the ETF industry is now a big business, with assets under management expected to crack $1 trillion sometime this year and the number of ETFs to break 1,000 as well.
Earnings season gets its unofficial start this evening with the release of Alcoa's fourth quarter earnings. Analysts are expecting 6 cents per share and the stock is trading up today. Here is how it has fared lately.
U.S. stocks finished the first trading week of 2010 on a positive note, with the Dow and S&P 500 reaching their highest level in 15-months.
The CBOE Volatility Index hit its lowest level since May 2008. Is this a sign of good things to come?
The latest overall job loss numbers showed a loss of 85,000 jobs in December and an unemployment rate remaining at 10.0%. The November and October numbers were revised as well. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
When it comes to the jobs report, good news is bad news and bad news is bad news, says Gary Kaminsky. What does he mean?
Ten years ago, investors were debating between new economy and old economy stocks. Looking back, it is the old economy stocks that outperformed. Are there lessons learned over the past decade, that can help us determine some potential investments for the new decade?
Blackrock Vice Chairman Bob Doll says 2010 will be positive for stocks but there could be bumps along the way.