Stocks bounced off the lows of the session but ended lower as disappointing economic news halted the market's rally and as Merck dragged down the Dow amid problems with a key blood-clotting drug. Merck and Alcoa slumped, as Home Depot rose.
Stocks slumped more in the final hour of trading as disappointing economic news halted the market's rally and a disappointing drug trial for Merck dragged down the Dow. Merck and Alcoa fell, while Home Depot rose.
Stocks slipped as economic news released Thursday gave investors reason to pause a day after the market reached new multi-year highs. Merck sank, while DuPont rose.
US stocks looked set to open lower on Thursday, off the new multi-year record highs reached for all the major indexes on Wednesday after the Federal Reserve reported improving economic conditions across the country, and after upbeat earnings outlooks for banks lifted investor sentiment.
Stocks ended at new record highs as the Federal Reserve reported improving economic conditions across the country, and as upbeat earnings outlooks for banks lifted investor sentiment. JPMorgan and Bank of America rose, while Disney fell.
Two successful hedge mangers continued off-camera, with David Faber, Gary Kaminsky, and two hedge fund giants Steve Tananbaum Golden Tree Asset Management and Jason Ader Hayground Cove.
Stocks traded off the highs of the day, but remained significantly up, as the Federal Reserve reported improving economic conditions across the country, and as upbeat earnings outlooks for banks lifted investor sentiment. JPMorgan and Boeing rose, while Alcoa fell.
It is no longer "in vogue" to carry cash on corporate balance sheets, Steve Tananbaum, an influential player in the credit and the distressed markets and founder and CEO of the $12 billion plus hedge fund GoldenTree Asset Management, told CNBC on Wednesday.
The cycle for commodities is only getting started, said Cliffs Natural Resources CEO Joe Carrabba.
Stocks gained on a brighter outlook for banks ahead of earnings releases, and as debt troubles in Europe eased after a successful Portuguese bond offering. JPMorgan and Bank of America gained.
U.S. stock index futures gained ahead of the open Wednesday and remained higher after Portugal successfully auctioned government debt, relieving some of investors' concerns about the state of the euro zone debt crisis.
Stocks advanced amid several positive earnings reports and as debt concerns among peripheral euro zone countries faded for the moment. HP and BofA rose, while Verizon fell.
U.S. stock index futures edged slightly higher ahead of the open Tuesday after Alcoa got earnings season off to a good start with better-than-expected results after the close Monday.
I've often said that nine out of ten mergers create little to no value, but perhaps Monday's deal between Progress Energy and Duke Energy will be one of the few that do, and here's why.
Mail-order drug pharmacy Medco Health Solutions will have a “monster” year, meaning a very lucrative one, in 2012, due to a number of blockbuster drugs going off-patent, David Snow, its CEO and chairman, told CNBC Monday.
*Money managers pull $1.4 bln from COMEX gold in May 14 week. Money managers, including hedge funds, pulled $1.4 billion from the U.S. gold futures market for the week ended May 14 by trimming their net long positions in the metal, according to Reuters calculations of data released by the Commodity Futures Trading Commission.
*Money managers pull $1.4 bln from COMEX gold in May 14 week. Money managers, including hedge funds, pulled $1.4 billion from the U.S. gold futures market for the week ended May 14 by trimming their net long positions in the metal, according to Reuters calculations of data released by the Commodity Futures Trading Commission.