Simon Grose-Hodge, head of Investment Advisory, South Asia at LGT Bank Singapore, says a diversification into non-IT plays makes for a stronger Nasdaq Composite.» Read More
"What happens is the market moves on, and it has in every event," one pro says. "Unless there is a growing concern of contagion that affects the oil markets, the market will go on now."
Stocks added to solid gains on Tuesday, pushing the Dow and S&P 500 to multi-year highs, as the market easily erased losses from Friday's sharp sell-off in the wake of turmoil in Egypt as investors focused on upbeat earnings and economic news. Pfizer and Alcoa rose, while P&G fell.
If Friday's jobs report is especially weak, the government will probably blame the weather.
"All the trading on Egypt happened last week," says Ben Willis of Sunrise Securities.
On the eve of this long-awaited arrival, naysayers might wonder if the presumed success of the Verizon iPhone may be just a little bit overblown. The answer will come quickly. A report from TheStreet.
It's not just jobs that may be impacted by the bad weather...imagine what this is doing to retail sales. The International Council of Shopping Centers (ICSC) numbers declined 1 percent in the last week of January; this follows a 1.2 percent decline the previous week.
Snow: what impact on jobs report? The most important economic news this week is the January nonfarm payroll report on Friday.
The U.S. market is our favorite market to watch in 2011, said Kevin Gardiner, head of investment strategy at Barclays Capital.
Stocks continued to rise Tuesday, nearly erasing losses from Friday's sell-off in the wake of turmoil in Egypt. Pfizer and Bank of America rose, while McDonald's fell.
Economists are pointing out that January's super strong ISM manufacturing report could be signaling early signs of inflationary pressure.
Here's why you should keep a close eye on these six stocks.
Manufacturing improving—January ISM at 60.8 was well above consensus of 58.0, and the best since May 2004. But we are seeing inflation—Prices Paid rises to highest level since July 2008.
Stock index futures pointed to a higher open for Wall Street on Tuesday after the Dow recorded its best January since 1997, while in Egypt the army pledged not to clamp down on protests by thousands in the capital Cairo.
Finally, we are out of January...and with January stock indices positive, we will likely see slightly higher volume today on beginning-of-the-month fund flows.
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.
The iShares MSCI Emerging Markets Index ETF is always a popular name in the option market, and yesterday traders were taking downside positions.
The European Central Bank suspended its emergency purchases of euro zone government bonds last week as the debt crisis eased, allowing it to focus on combating rising inflation, reports the Financial Times.
Tuesday's "million" person march in Egypt could keep the heat on oil prices, which have gushed nearly 8 percent in two sessions.
Stocks rebounded on Monday as investors returned to stocks after a sharp sell-off on Friday, but yet kept a cautious eye on events unfolding in Egypt. Alcoa and Exxon rose, while P&G fell.
A few thoughts on the markets today...