CNBC's Dominic Chu, takes a walk through the Industrial's record-setting climb and who's behind the surge.» Read More
The equity markets end the week sustaining their gains from the April Fool's rally with the NASDAQ once again in the lead, in the positive for the last three weeks.
With today's hearings in Washington on the JP Morgan Chase buyout of Bear Stearns, here is a look at how the Financials and Home Builders have faired since their close the Friday before the deal was announced.
Is this a return to the bull market of the past? Maybe. But maybe not.
Thank goodness Q1 is over! Here's a summary of month-end and Q1 stats for stocks, commodities and currencies...
The Dow, S&P and Nasdaq are just points away from breaking their monthly losing streaks at 4 straight months of losses. Here's what they would need to rally today to have their first positive month since October:
For the week ending Friday, March 28, 2008 the US Markets ended mixed after starting on a high note Monday extending last week's market rally. The winning streak came to an end on Tuesday when the Dow closing down for the first time in three sessions. The NASDAQ had the strongest performance of the week managing a positive gain despite weak earnings from Oracle and poor performance from Google . Economic data dragged on the markets with consumer sentiment and confidence at low levels and negative housing data.-Next week the markets will watch Friday's jobs report for evidence of recession, and any revisions on guidance as we move into earnings season. Alcoa kicks off "official" earnings season on Monday, April 7th after the bell. The big companies for next week all hit on Wednesday with RIM , Monsanto and Best Buy all reporting earnings.
The major U.S. indexes were a mixed bag this week, all close to flat, commodities halt their record setting pace, and the US dollar manages to hold its ground against most major currencies.
With the big rallies of the past few days, many are wondering if we have hit a bottom. If history is any guide, the biggest returns come within the first few months of troughs. Here are some recent examples...
For the short week ending Thursday, March 20, 2008 the US Markets ended up. Market moving events include the JP Morgan Chase takeover of Bear Stearns and a Fed rate cut of 75 basis points. The Dow gained 420 points on Tuesday, only to give back 293 points the next day. A rally today kept the Dow, S&P, and NASDAQ up 3.43%, 3.21%, and 2.06% for the week, their best performance in 7 weeks. Next week, the markets will watch for the economic data including Durable Goods, GDP, and Personal Income numbers. Earnings from Lennar (LEN) will give another read on the housing sector.
The Markets end this volatile week to the upside with their best gains in 7 weeks. Here is a summary of major indices, sectors and currencies.
It's been a tough start to the year with high volatility and last year's gains wiped away. But with the start of Spring and the Good Friday market holiday upon us, will the markets rebound as the leaves return to the trees?
As we all know, the Visa (V) IPO priced last night at $44 per share, above its range of $37 - $42 per share, raising $17.9 billion, and beating the previous record held by the AT&T Wireless IPO back in 2000, which raised $1 billion.
The Federal Reserve announced a 75 basis point cut to its Fed Funds Target today, bringing the rate down to 2.25%, its lowest level since January 2005. The Fed has now cut the rate by 3.0% since it began easing in September of last year. How does 300 basis points over 180 days compare to past easing periods?
Dow Industrials newcomer Bank of America leads the list as the highest current yielder of all 30 Dow stocks. Chevron, the other recent Dow addition enters the list with a 2.7% yield.
For the week ending Friday, March 14, 2008 the US Markets ended mixed. Market moving events include the Fed's $200B expansion of its securities lending program and the Bear Stearns bailout, amongst others leading to extreme market volatility. The Dow gained 417 points on Tuesday, only to lose the majority of its gains to close up only 0.48% for the week. The VIX crossed 30 for the first time since January. Next week, the markets will watch for the the FOMC announcement on interest rates Tuesday, the Visa IPO on Wednesday, and a slew of brokerage earnings including Goldman Sachs, Lehman Brothers, Morgan Stanley and possibly Bear Stearns.
The major U.S. indexes were a mixed bag this week, all close to flat, while commodities continue their record setting pace, and the US dollar falls to new lows.
The markets continue to rally after yesterday's huge gains. As of 11:30, the Dow is up over 530 points in the past two days. Here are the best two-day runs in history...
Beware the Ides of March? Not if the Markets say so. With the markets soaring today, I looked up some of the biggest gains of all time. Interestingly, the Dow and S&P have had their best days in points and percentage in mid-March. Here are some stats on the biggest gains...
With the Fed adding $200 billion in cash to the credit markets, the Dow surged on the open. Here are the biggest opens of all time.
Market performance for the leap year month of February in negative territory for the Dow, S&P, NASDAQ in stark contrast to white hot commodities. In February alone, Palladium is up almost 45%, Platinum is up almost 26%, and soy oil is up close to 27%.