Sales of new U.S. single-family homes rose to a six-year high in September, increasing 0.2 percent, according to the Commerce Department on Friday.» Read More
Seesaw moves in the stock market have not discouraged some strategists who believe the market remains in an uptrend, despite near-term choppiness.
Brace for more volatility in the week ahead as investors wrestle with dual concerns that stocks have gotten too pricey and that the economic recovery is just too uncertain.
Stocks could head into Friday on a positive note, rising on 'October-end' momentum. Existing homes figures for September will be in the spotlight.
Economists forecast the GDP number to show growth anywhere from just under 3 percent to as high as 4 percent - the first positive growth for the U.S. economy since second quarter, 2008.
The hopeful mood that accompanied the start of President Obama's term has given way to deepening concern about the nation’s economic troubles, according to a new NBC News/Wall Street Journal poll.
The floor under stocks feels a bit shaky, and the market could give way to more profit taking this week.
"I'd say it's buyers' fatigue that's set in," says one pro. "The stock market seemed to be going up on bad news for a certain period, and now we have what's perceived as good news...but it seems the market's got it fully priced in."
Ahead of Friday's opening bell, investors will be watching earnings from Microsoft and Fed Chairman Ben Bernanke's address at the Boston Fed's annual conference.
The weakening dollar has been one of the catalysts driving stocks and other risk assets higher, and it is a main focus of traders this week as they sort through a deluge of corporate earnings news and watch the dollar shrink to a 14-month low.
Responding to criticism that the Obama administration's $787 billion in stimulus spending hasn't done enough to boost employment, House Speaker Nancy Pelosi said the economy would be in much worse shape without it.
Fewer states reported unemployment-rate increases in September than the previous four months, signaling a turning point may be near, according to a government report Wednesday.
Stocks could trade a bit choppy Wednesday, as investors react to a tidal wave of earnings news and watch fluctuations in the dollar and other risk assets.
About half the Dow 30 and a quarter of the S&P 500 report next week, and analysts expect the majority of those companies—from a broad range of industries—to continue beating expectations.
Earnings reports from General Electric and Bank of America are the big numbers for markets Friday, and they matter nearly as much in the foreign exchange and Treasury markets as they do in the stock market.
Stocks opened lower on Thursday after the Dow closed above 10,000 on Wednesday for the first time since last October. Art Cashin, director of floor operations at UBS Financial Services, said the 10,000 number is not that significant and offered his market outlook.
The Dow crossed the 10,000 level and all of sudden the bears grew quieter.
Intel's earnings beat should help stocks Wednesday but focus will quickly shift to J.P. Morgan's report, ahead of the opening bell.
The positive side of the weak greenback story should show up this week, as a parade of multinationals report earnings.
“We are not a speculative group of people. Instead [New Englanders] tend to be very conservative and don’t get into as much speculative behavior. That’s why prices didn’t drop as much."
The growing inventory of distressed homes on the market may be sending shock waves through the economy, but it’s also giving investors a wider window of opportunity. Here's some dos and don'ts.