Will today's jobs numbers cause the Fed to push back its rate hike? Trading bonds now, with Joe LaVorgna, Deutsche Bank, CNBC's Jackie DeAngelis and the Futures Now Traders.» Read More
The credit crisis continues to beat up Wall Street, which in turn is creating turmoil in the Asian markets. Year-to-date, Tokyo is down over 15%, Syndey is off 23% and Shanghai is down a whopping 45%. Are the bears sticking around? We seek answers in the Dow's chart.
Fed Chairman Ben Bernanke's testimony before a Senate committee takes on even greater importance for Tuesday's markets, now that the Fed and Treasury have promised to backstop mortgage giants Fannie Mae and Freddie Mac.
Analysts say hurdles for the stock market in the coming week include continued uncertainty about financial sector—specifically mortgage giants Fannie Mae and Freddie Mac—as well as the unrelenting pressure of rising oil prices.
For the week ending Friday, July 11, 2008, the U.S. markets finished in bear market territory with the Dow dipping below 11,000 during intraday for the first time in 2 years.
Volatility rules the markets as the Dow dips below 11,000 intraday on Friday for the first time since July, 2006. The CBOE volatility index hits an intraday high of 29.44, the highest level since March 19th, oil hits a new record, the dollar falls.
GE shareholders would probably like to forget last quarter and the stock's 28% decline. But what about the future? Can spin-offs and recently-announced acquisitions reignite growth at GE?
Wall Street's bears roared back Wednesday, and stocks will have to face down tepid chain store sales and testimony from Fed Chairman Ben Bernanke in Thursday's session.
The conventional wisdom on Alcoa is pretty simple: surging energy costs + aluminum price increases that lag other commodities = unimpressive profits. Unless the metals giant surprises (nearly) everyone, earnings season is set to start with a whimper.
The slump in global stock prices could just be getting started as a few months of declines may not be enough to correct the years of booming stock prices, investment managers told CNBC.
Historically on average, the U.S. Markets have been relatively flat the week after Independence Day, with not much left to cheer about. However, the Dow and Nasdaq Composite have been up ~60% of the time for the week following the 4th of July, while the S&P has been up ~70% of the time.
For the short Independence week ending Friday, July 3, 2008, the U.S. Markets ended the week in bear market territory with the Dow and the NASDAQ off more than 20% from their market peak set in October, 2007.
During the short holiday week, volatility ruled the markets, impacted by record oil prices, economic data, the auto industry and financials. How did the markets stack up?
The bears are out on Wall Street now, as the Dow Industrials and Nasdaq Composite officially closed in bear market territory (down 20% from highs) today.
As uncertainty in the U.S. markets prevails, stock investors might want to take a look at the 2nd quarter performance of the winning sectors for companies that have weathered the market turmoil.
Stocks ended mixed Monday, capping a dismal quarter and first half marked by rocketing oil prices and battered financials. The Dow is down 14 percent since the beginning of the year and ended the first half about 20 points from bear-market territory.
The stock market ends the last day of the quarter flat to negative, the Dow checks in the 10th worst first half performance back to 1900, but commodities experience the best first half in 35 years.
There are 42 instances where there was negative performance for the Dow during the first half of the year (Q1 + Q2) back to 1900.
For the week ending Friday, June 27, 2008, the U.S Markets tumbled on low consumer confidence levels, battered financial stocks, interest rates concerns, and new record prices for crude oil.
The stock market ends the week negative by more than 3%, for the worst weekly performance since 2/9/2008 for the Dow and NASDAQ, and the worst weekly performance for the S&P since 6/21/2008. Intraday the Dow falls 20% from its market high of 14,164.53 set on October 9th, pushing the market into bear market territory, with the S&P 500 and NASDAQ also close to a 20% loss from their peak levels.