Anthony Grisanti is betting on a pullback, but Rich Ilczyszyn says it's foolish to stand in front of the bullish trend. With CNBC's Jackie DeAngelis and the Futures Now Traders.» Read More
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.
While well off their lows and now even in positive territory, the Dow, S&P and NASDAQ had been down for the sixth straight day. Here are the stats for 6, 7, and 8 day losing streaks in case the streaks continue.
U.S. stock index futures turned positive after coordinated action to cut rates across the globe to fight the danger of the world economy being hit by a depression.
No buyers showed up on Wall Street this week. It sounds like a simplistic excuse, but traders say they don't see real buyers, and that's why the stock market spirals lower and lower.
Governments and central banks around the world are reacting to the expanding financial crisis as their countries' markets melt down. See how the global indices stack up against one another.
The stock market is no longer like a falling knife. It's become a whole drawer full of flying cutlery.
The Dow pared its massive loss in the final hour of trading Monday after fear that the credit crisis is spreading rippled through world markets. The blue-chip index ended down about 370 points, after being down as much as 800 at one point.
The Dow dropped below 9,600 Monday after global markets took a pounding amid fear that the credit crisis is spreading around the globe.
The Dow dropped below 9,900 Monday after global markets took a pounding amid fear that the credit crisis is spreading around the globe.
With the VIX at record levels and the Dow now down another 5%, investors are running for cover. However, there are now enough data points to begin to look at patterns on what has been happening after these big drops.
Starting the week off on a sour note is nothing new for the markets. Falling over 500 points today, the Dow continues a trend it started three months ago. Since July, the Dow has posted gains on only 2 of the last 13 Mondays.
The Dow dropped below 10000 Monday after global markets took a pounding amid fear that the credit crisis is spreading around the globe.
Wall Street was set to plunge at the open Monday as a $700 billion plan approved by Congress on Friday failed to restore confidence in the global banking system.
The stumbling economy and the specter of a rough earnings season will pressure stocks in the week ahead.
For the week ending Friday, October 3, 2008, the major U.S. Indices declined steeply on continued uncertainties over the financial bailout / rescue plan, concerns in the credit markets and more economic deterioration.