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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.
Stocks retreated in a yo-yo session as an earlier advance in the shares of energy and big-cap technology companies dissipated. But banks held gains as investors hoped for more clarity on the government plan to firm up the financial system, with Fed Chairman Ben Beranke meeting with President Obama today.
Every generation searches for an identity. There were the Baby Boomers, followed by slacker Gens. X and Y. It took a 50% drop in the Dow and more than 3 million jobs lost to figure it out. This is nothing to LOL about: It's Generation OMG!
Stock index futures pointed to a lower open for Wall Street, but were off the day's lows as Dow component Merck announced it will merge with Schering-Plough in a cash and stock deal.
A market bottom is nowhere in sight and safety of investment still beats quality as a choice for investors, as markets remain extremely volatile, Nick Parsons, head of strategy at nabCapital Markets told CNBC.
On a week that saw a late-day rally for the Dow & S&P Friday, managing to close in positive territory for the day, following a dismal jobs report, increased concerns over GM's viability and another bailout for AIG, the markets fell 6% or greater for the week.
The latest overall job loss numbers showed a loss of 651,000 jobs in January and the unemployment rate climbed to 8.1%. This is the highest unemployment rate since 1983. The January and December numbers were revised to a loss of 655,000 and 681,000 respectively. 4.4 million jobs have now been lost since this recession began. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
As General Electric continues to fall, the company that once boasted a half trillion dollar market cap, is now at risk of falling out of the Top 20 biggest companies in the S&P 500.
Following a sharp drop in the Dow to 1997 levels, here is a look back at that time in history: