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Stocks extended steep losses, as the S&P 500 slid nearly 2 percent, as civil unrest in Egypt sparked widespread selling despite decent economic numbers. Microsoft and Home Depot fell, while Kraft rose.
Stocks sank despite a reading on consumer sentiment that was better-than-expected, and after the government reported a gain in gross domestic product for the fourth quarter of 2010, as traders feared the outcome of the escalating protests in Egypt. Microsoft and Home Depot fell, while Coca-Cola rose.
Stock index futures traded flat to mixed Friday on a gain in gross domestic product for the fourth quarter of 2010, even though the 3.2 percent increase missed analyst expectations.
Sorry money managers, but there’s another reason to hate ETFs: they’re getting smart. Which isn’t to say that the ETFs you love and trade now are 'dumb'—but they are passive.
Stocks ended up slightly as the major indices failed to close above significant benchmarks soon after Microsoft, in a surprise move, released earnings before the bell. GE and Home Depot rose, while P&G fell.
Stocks fell back after trading above significant benchmarks just before the close amid mixed economic and earnings news and light trading as the Northeast dug out from another major snowstorm. GE and United Technologies rose, while P&G fell.
Stocks turned slightly positive in the wake of both positive and negative economic and earnings news, after the major indices hit psychologically important benchmarks earlier in the session.
Stock index futures traded essentially flat after an unexpected surge in jobless claims took the wind out of the market, which had risen higher after Caterpillar easily beat both profit and revenue expectations.
NBC Universal’s chief executive will try to revive the NBC lineup and end the public discord that was often more interesting than the network’s shows, .the New York Times reports.
Stocks closed modestly higher, but the Dow lost ground in the final minutes of trading to close below 12,000 after rising above and below that level much of the session. DuPont and Alcoa rose, while Boeing fell.
President Obama's State of the Union address on Tuesday night highlighted the need for common or shared sacrifice. One of the ways American workers may be asked to share in on there sacrifices is perhaps to cut back on some of there benefits.
Sara Lee may be pushing for a quicker deal than expected, after months of buyout rumors, people familiar with the matter told CNBC. The Downers Grove, Illinois-based packaged food company appears to be weighing bids from two suitors.
Stock index futures pointed to a higher open on Wednesday as investors gear up for the Federal Reserve’s policy statement and turn more bullish on remarks made by President Obama in his State of the Union address.
Stocks trimmed losses in the final hour of trading to end flat amid mixed earnings and economic news, and ahead of the President's State of the Union speech tonight. AmEx and Bank of America fell, while Wal-Mart rose.
"The intensity of the competition is still as fierce as its every been, there's more of an oligopoly [when a market or industry is dominated by a small number of sellers] that's formed, there's more of a critical mass that's in the business," Cummings said.
Stocks trimmed losses but remained down as technology stocks turned around following a handful of weak earnings reports from major Dow components and on the heels of mixed economic news, and ahead of the President's State of the Union speech tonight.
The best conservative, long-term value stock is American Tower, the global provider of wireless and broadcast towers, Gerald Kaminsky, money manager of Neuberger Berman, and father to Gary Kaminsky, told CNBC on Tuesday.
Derwent originally planned a February launch date for its Absolute Return Fund, which will base its holdings and strategy on data mined from Twitter, but says he is now targeting a more realistic April 1 timetable.
"The risk trade is back in the market. Last year where we were focused mainly on recapitalizing and fortifying balance sheets, this year the risk trade has moved into some of the growth names...investors will look to the IPO market to generate some alpha in there portfolio," Cummings said.
Stocks slumped modestly despite an unexpected jump in consumer confidence, and amid a slew of big earnings releases, a day after the Dow reached new highs.
WASHINGTON, Dec 16- A preliminary analysis of a new trove of hedge fund data has found that the industry may not be as risky as conventionally thought, a U.S. Treasury Department official said on Monday.
*GM offloads Peugeot stake, loses $82 mln. PARIS/ LONDON, Dec 13- Hedge funds have reaped some $190 million this week from betting against Peugeot, in contrast with GM, whose own investment in the French carmaker proved to be a loser.
NEW YORK, Dec 11- Citigroup Inc named Duncan Hennes, a co-founder of bank advisory firm Promontory Financial Group and a former CEO of Soros Fund Management, to its board of directors on Wednesday.