A report from Goldman Sachs said Wall Street's rally will end next year, leaving investors with low returns. Bruce McCain, Senior VP & Chief Investment Strategist at Key Private Bank, explains why he disagrees.» Read More
Wall Street looked set for another rally Tuesday, after the Dow recorded the biggest one-day point gain ever on Monday, as world markets continued to surge.
European governments announced plans to bail out banks by buying stakes in them and the U.S. is also expected to follow suit by injecting $250 million into banks, sending stocks soaring. What do you think?
The best stock market day in 75 years will no doubt be followed by a less enthusiastic Tuesday session. But the good news is the international effort to thaw the credit freeze may have finally given the markets at least a temporary jolt of confidence.
Stocks bounced back from their worst week ever with one of their best performances in history as investors cheered a global cash infusion designed to unthaw the credit market and avoid a global meltdown. The Dow gained more than 900 points, its biggest one-day point gain ever.
Stocks bounced back from their worst week ever as investors cheered a series of measures and cash injections by governments and central banks designed to prop up the banking sector and avoid a global meltdown. The Dow was up nearly 500 points, or more than 5.5 percent.
As of 3:30 the Dow was up over 700 points and the S&P was up over 85. If they hold onto these gains, we will witness the biggest one day point gains ever.
Stocks rallied at the opening bell Monday following a series of measures and cash injections by governments and central banks designed to prop up the banking sector and avoid a global meltdown. The Dow was up about 400 points, or 5 percent, within the first few minutes of trading.
Wall Street looked set to rally Monday following a series of measures and cash injections by governments and central banks designed to prop up the banking sector and avoid a global meltdown.
As the Dow, S&P and NASDAQ chalk up some of the biggest weekly losses ever, how does that translate to dollar terms?
Stocks worldwide extended their slide even after Central Banks around the world coordinated emergency rate cuts earlier in the week in an effort to help unfreeze the credit markets, and soothe the financial sector. The Dow had its worst week ever in terms of points as well as percent drops, losing 1874 points or down 18.15%.
After trading in a 1,000-point range for the first time ever, stocks ended the day with a whimper, closing slightly lower amid hopes that the holiday weekend could bring good news.
As the markets continue their freefall, discussion of the Great Depression has begun to emerge. While economic conditions are nowhere near the levels they were back then, here is a look back at how the Dow fell over that dark period.
The Dow's market cap fell by -7.60% or $237B in one day, from Wednesday's close to Thursday's close.
Wall Street tried to fight its way back from a precipitous opening drop, with volatility promising to cause violent swings as the market battled to break a seven-day losing streak.
It may be that this is part of the final blow out, the last exhausting painful blast of selling where the stock market finally bangs down on what we later point to as the bottom.
The Dow Jones Industrial Average has tumbled 2,272 points in the last seven trading sessions. Ironically, today marks the one year anniversary of the market peak for the Dow and S&P 500. Here is where the markets stand during this historic times.
Certainly it has been a rough year for the markets. Exactly one year ago today, the Dow Industrials and S&P 500 both closed at record highs. Since that day, the Dow has plummeted nearly 5,000 points, and the S&P has dropped a more impressive 600 points.
Watch for more triple-digit market moves Thursday. Stocks could just as easily be up as down if you look at Wednesday's action. Even after major central banks joined the Fed in an unprecedented global rate cut, stocks ended lower after a volatile 400 point swing in the Dow.
Central banks around the world, including the Federal Reserve, reduced rates to help relieve the global economy and stem the financial crisis, while stocks ends lower for the sixth consecutive trading session. Following are today's top videos:
Stocks closed lower after swinging wildly all day as a coordinated global rate cut failed to reassure investors.