Analysts say Visa's split will diminish its impact on the Dow Jones Industrial Average. CNBC's Dominic Chu reports.» Read More
On a week dominated by the $787B stimulus plan passed by the House, with the Senate scheduled to start the vote at 5:30pET Friday, the markets came close to retesting their November lows to end the week down 3.5% or greater.
For the week ending Friday, February 6, 2009, stocks edged up on a surprising rise in December pending home sales, a smaller than expected contraction in January’s ISM Non-Manufacturing Index, and strong earning results from the pharmaceutical sector.
At yesterday's Power Lunch town hall, there was some good debate on whether buy and hold pays off in the long run. Here is some of the analysis that fueled the discussion...
David P. Kelly details some of the pitfalls to avoid in today's difficult marketplace.
As the markets listened in on Treasury Secretary Geithner's plan to restore financial stability, one thing became increasingly clear. This time around, the Treasury was committed to "increase transparency and accountability to protect taxpayers." If their website is an indication, so far "transparency" is far from here.
On a whim and based on Darren Rovell's interview with Sports Illustrated Covergirl bar Rafaeli, I did a quick scan on how the Dow and S&P performed in years that the SI Swimsuit Issue cover featured a blonde versus a brunette. You won't believe what I found...
McDonald’s is trading up after reporting another month of strong same-store sales, a trend that continues despite the current recession and economic turmoil. Its low-priced menu items have evidently remained attractive to consumers. . .
The market rallied with most major indexes up 5% or greater for the week with the NASDAQ gaining almost 8%. The markets shrugged off grim jobs data and were buoyed by the bank bailout plan expected on Monday.
The latest overall job loss numbers showed a loss of 598,000 jobs in January and the unemployment rate climbed to 7.6%. This is the highest unemployment rate since May 1992. The December payroll numbers were revised to a loss of 577,000. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
Stocks eked out a gain after a rough morning as banks got a boost from market chatter that the government may suspend a controversial accounting rule blamed for much of the contagion in the financial industry.
One month into the year, the average dividend yield of the Dow 30 has gone up a bit since 2009 began, but is still down from where it was at the end of November. See how the 30 companies in the Dow compare.
The three most powerful bearish signals in the market are a head and shoulder pattern, a rounding top and a down sloping triangle. It was the head and shoulder pattern on the Dow Jones Industrial Average that took the market to the first downside target of 11,200 in 2008.
With their victory last night, the Pittsburgh Steelers won a record sixth Super Bowl title, surpassing the five championships won by each the San Francisco 49ers and the Dallas Cowboys. While no team has won four Super Bowls, five teams (the Raiders, Redskins, Packers, Patriots, and Giants) have also won three championships apiece. Is this a good sign for the markets?
It's Groundhog Day, the day meteorologists turn to these furry little prognosticators to determine whether Spring will come early or we will have another 6 weeks of Winter.
While investors hoped that a new year would bring better results, a plethora of downbeat earnings reports, poor corporate outlooks, gloomy economic data, and heightened concerns over the health of many large financial firms plagued the markets in January.
The Dow Jones Industrial Average won’t find a secure base until it sheds another 1,000 points, which it could do before March, but that will signal the capitulation is over, Alpesh Patel, principal from Praefinium Group, told CNBC.
"As goes January, so goes the year" is a common adage on the street. If that is the case, we are in for a tough rest of the year for the markets.
On a week dominated by earnings, the economic stimulus plan and discussions over a government-run "bad bank," the major US markets were flat to negative on the week. The Dow and S&P 500 marked their worst January on record, each dropping over 8% for the month.
Last year, I pointed out that the market historically has outperformed when an original NFL team wins the Super Bowl and lags when an original AFL team wins. This year is special then. Both the Cardinals and the Steelers were members of the original NFL before the merger with the AFL in 1970. So either way, an original NFL team will win this year. Of course the NY Giants upset of New England last year did not translate well for the markets...