CNBC's Rick Santelli discusses how today's jobs number is impacting the dollar/yen trade, yields, and the financial sector.» Read More
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.
As the G20 world points fingers at the US for it's weak dollar policy, the Obama administration and Federal Reserve should take notice. It's not the specifics of a new world reserve currency or the specifics of pricing oil in non-dollar terms, it's the fact that it's being discussed that matters! The rest of the world is greatly and gravely concerned not only of the current US dollar decline, but also of the potential bigger decline yet to come.
Economic stimulus has been a friend to the stock market this year, but investors are worried that the two may be parting ways in the coming months.
Uneven economic news is spooking stocks this October, but third quarter earnings could be one factor that helps keep the market's 7-month rally intact.
Policy makers are likely to continue backing a weak dollar until the economy shows substantial improvement, Pimco's Bill Gross told CNBC.
Wall Street's bears have the upper hand ahead of Friday's September jobs report, expected to show a decline in September of about 200,000 non-farm payrolls and an unemployment rate of 9.8 percent.
The Dow fell more than 2 percent Thursday, it's largest one-day loss since right before the summer rally began, as a weak ISM reading rattled confidence in the recovery. Shares of both GE and Comcast fell amid buzz that the two are in talks about GE's NBC Universal unit.
The Dow and S&P 500 suffered their worst one-day fall in three months on Thursday after economic reports fueled fears about the recovery's strength.