The Fast Money traders share their final trades of the day.» Read More
As the dust settles from Tuesday's market selloff, one investment guru thinks investors should be assured that the fundamental outlook and valuations of U.S. companies are in good shape.
Stocks finished the day higher after the Fed chairman reassured investors that the economic outlook is not changed. "The (markets) valuation, if anything, has gotten a little bit better," Goldman, Sachs chief U.S. investment strategist Abby Joseph Cohen said. "Going forward, what matters is that the global economy still looks good."
In a CNBC.com web-only Reporter's Notebook discussion with Managing Editor Tyler Mathisen, CNBC's Bob Pisani and Steve Liesman have a soothing message for individual investors who may have been unnerved by Tuesday's big stock plunge.
A look at the largest one-day declines in stock market history.
U.S. stocks are setting up a relief rally this morning after yesterday's high velocity selloff. World stock markets continue to spin lower, starting with Asia last night where most markets suffered losses. The exception was the market that started it all, China's Shanghai stock market, which recovered more than a third of Tuesday's losses.
The worst may not be over, but that doesn't mean investors should panic.
Wall Street took its worst beating in four years, as a sell off in the Chinese stock market triggered a global stock selling spree and raised fears of a slowdown in the world economy. "Asia sneezed and we all picked up a global chill," Frederic Dickson, Chief Market Strategist at D.A. Davidson, told CNBC.com.
We were in machine hell today. There was selling that seemed to be linked only to more selling. But this isn't the first time we have had this kind of sell-off. We've had two in the last 20 years, and each tells us something about how we should react to today.
The system failed today – the market dropped 546 points on a machine failure. Some mistakes were made involving derivatives, and there were no governors and no umpires to fix them. The breakdown was so fast there wasn’t even time to panic. You might have been caught in the middle of it. Don’t worry, though, Cramer’s here to help.
Sales of existing homes rose in January by the largest amount in two years, raising hopes that the worst of the severe slump in housing may be coming to an end. Median home prices, however, fell for a sixth straight month. Also, the Conference Board said that consumer confidence rose in February to its highest level in more than five years.
Andy Brough, Fund Manager at Schroders, doesn’t need my support, but I’ll offer it anyhow. Nice to have a money manager on the programme who makes a point of trying what he is buying.
Stocks closed lower on concerns about economic growth and a rise in crude oil to its highest levels of the year. "Even with the corrective action we've seen since last week, consolidation is occurring in an orderly manner and that's positive," Gene Peroni, Senior Managing Director of Equity Research at Claymore Advisors, told CNBC.com.
Former U.S. Federal Reserve Chairman Alan Greenspan warned Monday that the American economy might slip into recession by year's end. He said the U.S. economy has been expanding since 2001 and that there are signs the current economic cycle is coming to an end.
Stocks traded lower as selling pressure continued for financial stocks but energy stocks rose after crude oil prices moved above $61 a barrel."The market drifted lower this week on low volume and we're seeing that again today, but nothing has fundamentally changed," said Cowen and Company analyst Mike Malone.
Stocks closed mostly lower, dragged down by higher energy prices and defiance from Iran. Technology rallied on strength in computer chips, giving the Nasdaq a boost. "Investors are somewhat cautious at these market levels," Michael Sheldon, Chief Market Strategist at Spencer Clarke, told CNBC.com.
Stocks closed mixed after the January consumer inflation report and higher commodity prices weighed on the broader market. "I think the stock market was more adversely affected than the long end of the interest rate market, but stocks have had such a nice run, I think people just used the Consumer Price Index as an excuse to take some money off of the table," Lou Brien, strategist at DRW Trading Group, told CNBC.com.
Federal Reserve Vice Chairman Donald Kohn said on Wednesday that U.S. financial markets appear to be priced for a "very stable outlook."
The dollar gained Wednesday after a key measure of U.S. inflation rose at a slightly faster than expected rate, bolstering views that U.S. interest rates aren't headed lower any time soon.
Consumer prices and core inflation both rose more than expected in January, as food costs jumped and medical costs posted the biggest increase in 15 years, the Labor Department reported.
With apologies to Joan Sims and Sid James. I wish the line was originally mine, but Jeremy Stretch, our currency analyst from Rabobank, should get the credit for the allusion this morning to the Pinewood comedies of the 1960s.
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