With the Dow closing at its milestone of 14,000 yesterday, the Nasdaq reaching 6 1/2-year closing highs, and the S&P soaring to record heights, investors anxiously await next week’s 8-Dow stocks and 168 S&P reports.
Shares of online travel agency Orbitz Worldwide fell 3 percent in their market debut Friday from a lowered initial offering price.
Even with the Dow's rapid climb to 14,000, many market pros think the stock rally isn't over. "We're only in the middle earnings reporting season, economic data continues to flow in a positive direction, the fact that we can overlook $75 oil and we can move higher is very telling," said Art Hogan, the chief market strategist at Jeffries and Company.
The Securities and Exchange Commission approved a plan to allow companies listed on the New York Stock Exchange to retain their three-letter ticker symbols should they transfer to rival Nasdaq Stock Market.
Sweden's government will review a proposed $3.7 billion takeover of Nordic bourses owner OMX by Nasdaq over worries companies could be forced to operate under U.S. stock market rules, an official said on Wednesday.
Stock futures are aiming at higher territory this morning after yesterday's rocky session. Asian markets were lower and Europe is mixed, but a round of merger activity has stock prices perking up on Wall Street. Existing home sales data will be a big focus this morning after yesterday's report of a surprising 16% jump in April new home sales.
The Nasdaq Stock Market agreed to buy Nordic stock exchange operator OMX for $3.67 billion Friday, as Nasdaq seeks to expand abroad following a series of rival stock market mergers.
Nordic bourse operator andtechnology firm OMX said on Thursday it was in cooperation talks with several exchanges, but added it had not received any bid.
The Nasdaq Stock Market is in talks to buy the Philadelphia Stock Exchange, the Wall Street Journal reports.
Cowan, who was also named a director, replaces Max Carnecchia, who held the post for the past year and will continue as president.
Nasdaq Stock Market on Thursday named former Rep. Michael Oxley as a non-executive vice chairman of the world's largest electronic exchange to oversee the Nasdaq's relations with its listed companies and advise it on public policy issues.
John E. Fitzgibbon, Jr., editor of IPOscoop.com, told CNBC’s "Power Lunch" that the recent downturn in the broad market won’t crimp the supply of strong deals. Fitzgibbon said the quality of IPOs increases during tough times, giving investors an opportunity to buy shares in top-notch companies.
For the last 20 years, Dennis Gartman's daily musings on commodity and other markets has become required reading for every serious trader, hedge fund manager and analyst out there. Top traders including our own Eric Bolling consider Gartman to be one of the most insightful strategists in the world... and on tonight's Fast Money not only did he honor us with a visit he revealed why he's calling for a global bear market.
Smith Barney’s market strategist for private clients told CNBC’s “Closing Bell” that last week’s market downturn was healthy and he expects 2007 to be a strong year. “We didn’t see anything that changed our opinion,” said John Manley. “This sort of stuff has to happen from time-to-time because it clears out the tubes and re-adjusts the economy.”