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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.
The major indices have some distance to go today if they are going to break weekly records. However, there are 4 Dow components that are on track for their best week in at least 40 years...
Last night on Fast Money, Guy Adami mentioned that "the PE is very compelling" for Hewlett Packard. Many of the PE's for the Dow 30 are at historic lows. Here's a "By the Numbers" look at current PE's and implied valuation.
Talk about knowing how to hone your pitch to fit the current market: This guy posted an ad on Craigslist offering to be the "Fall Guy for Your Hedge Fund." His primary job responsibility? Taking all the blame for the current mess.
Stocks took off like a rocket Tuesday, with the Dow gaining a whopping 5.8 percent, as banks rallied after a combination of encouraging news from the sector. The Nasdaq jumped 7.1 percent.
Stocks pared some of their earlier gains but were still up sharply on renewed confidence about the financial sector.
As of midday Tuesday, all major indices are up 4 percent or greater. If the rally holds, the S&P 500, Dow, and NASDAQ Composite would be poised for their biggest percent increase since late November of last year.
The Dow Jones Transport Index, widely believed to be a predictor of where US markets are going, shows signs of bottoming out, Roelof van den Akker from ING Wholesale Banking told CNBC.
US stock index futures pointed to a higher open for Wall Street after Monday's selloff and with some good news emerging from the banking sector.