Tom Fitzpatrick of CitiFX says that over the next two years, the euro will drop to parity with the dollar¿and possibly below. With CNBC's Jackie DeAngelis and the Futures Now Traders.» Read More
Stocks retreated Tuesday, despite good news continuing from the banking sector, as investors took a breather after Monday's surge.
US stock index futures pointed to a lower open for Wall Street Tuesday after Monday's rally, despite good news continuing from the banking sector, with fears over the health of the world economy resurfacing and investors locking in some gains after the previous session's jump.
Stocks rocketed higher Monday as investors cheered details of the government plan to mop up toxic assets from banks' balance sheets.
Stocks shot out of the gate Monday as investors cheered details of the government plan to mop up toxic assets from banks' balance sheets and after a better-than-expected housing report.
US stock index futures pointed to a higher open for Wall Street Monday as investors were eager for details of a plan to buy toxic assets by the government.
Stocks ended a strong two-week run with a thud Friday as financial stocks took a beating and weakness seeped into other sectors.
In a week dominated by outrage over Wall Street bonuses, TALF funding, and the Fed buying government debt, the markets managed to maintain a positive weekly gain for the second consecutive week, running with all indexes up about 1% or greater.
Stocks were mixed Friday after a strong two-week run as financial stocks continued to struggle as some investors locked in profits. Still, Wall Street could close with its first string of consecutive positive weeks in nearly a year.
Stocks looked set to extend losses at the opening bell Friday, with financial stocks still struggling in global markets and the administration and lawmakers grappling with the fallout over bonuses paid out at American International Group.
The Federal Reserve fueled the rally on Wall Street Wednesday after the central bank announced a plan to buy U.S. debt.
There are a lot of eyes on AIG's CEO, Edward Liddy, today as he testifies in Washington before Congress. AIG has fallen over 98% since late 2007 and although Liddy has not been at the helm since then, there are many questions investors and government officials have as to what was known when. From an investor standpoint, it is a case study in understanding a company's financials.
Stocks opened lower Wednesday, retracing the previous session's rally, as investors were jittery ahead of the AIG CEO's appearance on Capitol Hill today and the Federal Reserve's statement after a two-day meeting.
Stock index futures pointed to a lower opening Wednesday, following the previous day's rally, as investors remained wary for AIG's chief executive to step up to Capitol Hill and the Federal Reserve to conclude its two-day monetary policy meeting.
The winning streaks may have ended yesterday, but St. Patrick's Day has historically been more up than down for the markets. Good Luck Today!
Stocks snapped their winning streak Monday after American Express reported that credit-card deliquencies rose in February. Techs were particularly weak amid worries about tech spending.
Stocks advanced Monday as banks continued their winning streak and Federal Reserve Chairman Ben Bernanke's weekend remarks that the recession could end this year fueled some optimism. But weakness in big-name techs dragged on the Nasdaq.
As of midday Monday, all major indices are on track to close up for the fifth consecutive day. The S&P 500 has climbed over 14% in the past five sessions, while the Dow Jones Industrial Average and NASDAQ Composite are both up about 13%.
Stocks opened higher Monday as banks continued their winning streak and Federal Reserve Chairman Ben Bernanke's weekend remarks that he expects the economy to start recovering next year spurred optimism.
Stock index futures indicated a higher open for Wall Street, with investors optimistic after Federal Reserve Chairman Ben Bernanke said he expected the economy to start recovering next year.
The markets staged the first simultaneous 4-day rally for the Dow, S&P and NASDAQ since May 2007. Financials fueled the rally that saw almost all major US indexes score double-digit weekly gains led by the Russell 2000, rising almost 12% for the week.