Forget the fears about higher rates, Larry McDonald of Newedge says there¿s still room for rates to drop. With CNBC's Jackie DeAngelis and the Futures Now Traders.» Read More
20 years ago today – on April 17, 1989 – the Consumer News and Business Channel launched. And how the network has evolved – from showing how to cook chicken in a microwave on the first day of broadcasting to covering the current global economic crisis over the past year.
As Earnings Season gets further underway, analysts continue to revise their estimates for the First Quarter downward. Data from Thomson Reuters shows that year over year EPS growth numbers from last April are now expected to fall 37.8% compared to an expected drop of 12.5% at the start of the year.
With stocks rallying for 5 weeks in a row now, dividend yields are falling back to Earth. The average dividend yield of the Dow 30 has fallen over 25% since the rally began in early March. See how the 30 companies in the Dow compare.
On a short holiday week, Financials dominated the scene, led by positive earnings news from Wells Fargo on Friday. The markets rallied Thursday, with the Dow closing above 8,000 for the first time since last Friday, with all the major indexes gaining 3% or greater.
As we are now into the 17th month of this recession, many investors are looking forward to the breather coming from a shortened trading week. The markets will be closed for Good Friday and many others will be taking off on Thursday for the first day of Passover. But will the markets continue their rally when everyone returns to work on Monday?
The recent rally in the Dow Jones Industrial Average hit resistance around the 8,000-point level, but the gains are set to return after the Easter break, Sandy Jadeja, chief market strategist from ODL Securities, told CNBC.
Following a 4-week rally the markets traded lower as of midday Monday, weighed by on-going concerns over the health of the financial sector. Despite four weeks of steep gains, financials, industrials, and utilities companies remain deep in the red year-to-date, recording losses over 10%. Which are the worst/best performing companies?
On a week dominated by news in the autos sector, President Obama and the G20 summit; all major indexes closed positive on Friday, and up over 3% or greater for the week, led by the Russell 2000 with a weekly gain of 6.32%.
Yesterday, two Dow components crossed over their 200-day moving averages. There are now 3 Dow stocks trading at these levels. Here is a break down of the 30 Dow stocks with respect to their 50 and 200-day averages.
The latest overall job loss numbers showed a loss of 663,000 jobs in March and the unemployment rate climbed to 8.5%. This is the highest unemployment rate since 1983. The January numbers were revised to a loss of 741,000 but the February numbers were kept as previously reported. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
The Dow Jones Transportation Index has rallied nearly 9% today for its best day since September 5, 1939! With the gain today, the Dow Transports is now up 40% from its March low of 2,134.21 - outpacing all the other major averages, which are up about 25% to 30%.
Stocks closed higher as some mildly optimistic economic news helped Wall Street begin the second quarter on a positive note.
US stock index futures pointed to a lower open for Wall Street after economic news showed steepening pressure in the jobs market.
The debate is on whether the rally is real and markets will continue to climb from their March levels or will they retreat as this recent run has been a bear market trap. Here are the historical stats on what happened in past Aprils and Q2s.
Heard this before? “The markets are in the red this quarter.” In fact, both the Dow Industrials and the S&P 500 are set for their sixth straight quarter of declines, something not seen since June 1970.
At the start of the month, General Electric was falling fast and the company that once boasted a half trillion dollar market cap, was at risk of falling out of the Top 20 biggest companies in the S&P 500. In less than a month, that has changed significantly.
Stocks capped a relatively good week with a thud Friday as investors locked in profits.
On a week dominated by the toxic asset plan, better-than-expected housing and durable goods data, the markets rally through their third straight week of gains. The last time all major indices rose for three consecutive weeks was the week ending May 2, 2008.
Stocks fell sharply Friday, led by bank and technology issues, as investors locked in profits after a two-day winning streak.
The S&P Financials Sector is now up ~60% since March 6. Given this huge run, it looks like the shorts are back. Here is a look at how the short interest in these beaten companies has changed over time.