Flashes of illumination rather than fireworks are expected at the annual meeting of top central bankers and economists in Jackson Hole, Wyoming.» Read More
Stocks rallied Wednesday, with the Dow homing in on 10,000, after JPMorgan and Intel got earnings season back on track and retail sales fell less than expected.
Futures pointed to a strong open Wednesday, with the Dow ready to make another run at 10,000, after JPMorgan and Intel got earnings season back on track and retail sales fell less than expected.
Intel's earnings beat should help stocks Wednesday but focus will quickly shift to J.P. Morgan's report, ahead of the opening bell.
Stocks ended mostly lower Tuesday after J&J's revenue miss stirred worries about this earnings season.
New York Fed President Dudley said, 'the introduction of a contingent capital instrument seems likely to hold real promise' when speaking of the improvements in the regulatory capital framework in New York.
Stocks skidded Tuesday as earnings season took a turn for the worse. After a few companies delivered what analysts want to see this quarter, improvement in revenue, J&J delivered more of the same from last quarter.
Futures indicated a lower open for Wall Street on Tuesday, after the U.S. market's record-making day on Monday where the Dow Industrial Average reached a new 2009 trading high, close to the 10,000 mark.
The positive side of the weak greenback story should show up this week, as a parade of multinationals report earnings.
Stocks shot out of the gate Monday, fueled by earnings optimism, but then pulled back near the final hour of trading as investors took some profits.
Stocks opened higher Monday as better-than-expected third-quarter results began trickling in, boosting investors' optimism about the overall earnings season.
It doesn't make sense to me. We have a war in Afghanistan, one in Iraq, still no hope for peace in the Middle East, and Iran is boiling its nuclear reactors. Now we have the Nobel Peace Prize? I know it's not really my place to comment since we all have our own opinions, but if C.C. Sabathia doesn't get the Cy Young award — and I know that guy in Kansas City had a better ERA, but the Yankees are in the playoffs — then I might think about changing parties.
America and China have a problem. A very big multi-trillion dollar problem that shows no sign of going away whatever the financial crisis throws at it.
Futures indicated a mildly higher open for Wall Street on Monday as better-than-expected third-quarter results began trickling in, boosting investors' optimism about the overall earnings season.
The employment crisis is expected to worsen as companies stay reluctant to hire. Many economists expect a jobless recovery, putting pressure on President Barack Obama and congressional Democrats to stimulate job creation.
Stocks recovered after a quick dip at the open, though gains were modest. Chevron led the Dow pack after saying it expects profits to improve in the third quarter. And techs got a boost from some upbeat analyst comments on chips.
Despite a fairly aggressive round of Fedspeak, investors are paying only moderate heed to the notion that a change in policy is likely any time soon.
Can the bulls can generate enough momentum to drive the Dow over 10,000 next week, or are they're about to be sidelined by the dollar?
Stocks recovered from a quick dip at the open. Chevron led the Dow pack after saying it expects profits to improve in the third quarter. Tech stocks gained, fueled by chips.
Fissures are developing among policy makers at the Federal Reserve as they debate how and when to start raising the benchmark interest rate from its current level just above zero.
Friday marks a notable anniversary on Wall Street: it was two years ago - on October 9, 2007 - that both the Dow and the S&P 500 finished at their all-time closing highs. The Dow finished that day at 14,164.53, while the S&P 500 closed at 1565.15.