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Sure September is the worst month on average for the markets, but last September was one for the history books. Here's a look at how things have changed going into the volatile month today compared to one year ago.
Though the tumultuous domino effect of September 2008 will be remembered as the tipping point of the financial crisis, its first major eruption was in the late summer of 2007 with the subprime mortgage meltdown. Much has changed since then. Here's how its reflected in key economic indicators.
Always remember, sell in September? Will the summer rally persist? Historically, September ranks as the worst month on average for all three major US indexes.
The S&P 500 and Dow index broke 8 days of consecutive gains on Friday, after an economic report showed consumer sentiment in August dipped to a 4-month low. Despite of Friday's slight pull-back, all major US indexes are on track to close up 2.5% or greater for the month.
As investors look ahead, following the Dow and S&P 500 best 6-month performance since 1933, here is a look at how both equity indexes performed 6-months and 12-months after a 6-month rally greater than 30%.
As the stock market continues to gain steam, with all major US indices higher by 46% or more since the market rebound began, companies in the S&P 500 have outperformed the average gains of the Dow and Nasdaq 100 components.
Dividend yields in the Dow index are down about a quarter of a point since early June and 165 basis points since early March, as equity markets continue to trend higher, pushing yields lower. Here is a look at the dividend yields of all 30 Dow components:
"Things look bullish on most stock markets," Royce Tostrams, technical analyst at Tostrams Groep said Monday. He told CNBC that last week the markets formed a higher low, signaling a "buy" signal.
On a volatile week that ended with Fed Chairman Bernanke stating that the US economy is nearing recovery, positive housing data, and oil hitting 10 month highs; the Dow, S&P and NASDAQ once again close at new highs for 2009, and end up about 1.8% or better for the week.
Sure the market has continued its summer rally, with the Dow and S&P up over another 3% each month-to-date. But how long can the rally last without a pullback? Historically, September is the worst month on average for the markets.
Investors were going gaga for Google (GOOG) five years ago today. In one of the most anticipated IPOs over the past decade, the Internet search company priced nearly 20 million shares at $85 per share, raising $1.7 billion dollars through an auction of its shares.
Compared to an average short interest of 2.2% for all Dow components, bets against these three companies stand at around 8%.
Stock markets are due for a short-term correction of four or five percent, King Lip, portfolio manager at Baker Avenue Asset Management, said Wednesday. But he remains positive on the market for the long term.
U.S. and European markets are notably weak today following a strong sell-off in Asia. As a result of today’s sell-off, most major indices around the world have shed their August gains.
Tech companies in the S&P 500 have been a major force in the recent rally, up 15.9% on average since their July 10th lows. Here is a look at which tech stocks are leading and which are lagging in the recent rally.
All major US indices break four weeks of consecutive gains, closing to the downside on Friday, after a drop in consumer sentiment data in August.
Shortly after the March lows, we wrote a story about the tech led rally. In the article, we pointed out which tech stocks were leading and which were lagging. Now, as one of our readers wrote in, the story has changed and he has profited from it.
Around 2:15 pm EST today, the Federal Reserve's Open Market Committee will make its announcement on the Fed Funds Target Rate. What may we expect?
Priceline.com was up 14% yesterday after beating Q2 earnings estimates on strong sales and bookings and guiding above expectations for its current third quarter. The company noted that its results have been and continue to be helped by strong demand for leisure travel this summer, which has been spurred by lower prices via heavy discounting.
The Dow Jones Transportation Average strongly outperformed the other major indices on Friday, rising 4 percent on broad strength from truckers YRC Worldwide (YRCW) and Ryder (R), railroads CSX (CSX) and Norfolk Southern (NSC), and airlines AMR (AMR) and Continental Airlines (CAL).