Earnings reports from General Electric and Bank of America are the big numbers for markets Friday, and they matter nearly as much in the foreign exchange and Treasury markets as they do in the stock market.
The Dow pulled off a nearly 50-point gain Thursday after a topsy-turvy session as the boost from oil's rally ultimately beat out disappointment in earnings from Goldman Sachs and Citigroup.
IBM: more sell on the news…. down 5 percent after the close…earnings and guidance was just not enough, it’s a simple as that.
Traders applied the brakes Thursday, a day after the Dow topped 10,000, as Goldman Sachs and Citigroup proved no match for Wall Street's inflated earnings expectations.
Bonds are the anchor of an investor's portfolio, but they need to be played defensively, said Jim Keegan, portfolio manager of 5-star rated RidgeWorth Total Return Bond fund.
The problem for financials: the best have already reported. It's simple: Goldman Sachs and JP Morgan have reported, it doesn’t get any better than that. They are the highest quality companies. From here, the news will likely be tougher.
Stocks opened lower on Thursday after Citigroup and Goldman Sachs posted earnings that beat expectations, but fell short of investor hopes. Jack Ablin, CIO of Harris Private Bank, discussed the earnings numbers and the sector going forward.
Google, IBM and AMD are the next tech giants to report earnings after the bell on Thursday. So what should investors expect? David Eiswert, portfolio manager at T. Rowe Price Associates, shared his insights.
More Nobel Prize winners were announced this week, and it was interesting to note that a record number of women (five) were honored this year. This dovetails with something I’ve been hearing a lot recently – women on the rise throughout the U.S. economy and the world.
Stocks opened lower on Thursday after the Dow closed above 10,000 on Wednesday for the first time since last October. Art Cashin, director of floor operations at UBS Financial Services, said the 10,000 number is not that significant and offered his market outlook.
J.P. Morgan's blowout third-quarter gave the financial sector a big boost today. The firm reported a profit of $0.82 a share versus Wall Street's consensus estimate of $0.52. With J.P. Morgan's results setting the tone on the earnings front, should investors expect similar results from the group?
Stuck for what to get your loved ones for Christmas? Well if you stop by London's glitzy Harrods store, you could get some gold bullion to put in the stocking.
Stocks pared their losses Thursday after a third straight positive Philly Fed reading — the first time that's happened in two years. Stocks had opened lower after disappointment in earnings from Goldman Sachs and Citigroup.
Buy the rumor...sell the...Goldman Sachs down 3 percent pre-open, S&P 500 futures dropped 10 points right after Goldman reported earnings far better than expectations ($5.25 vs. $4.24). Even topline was better than consensus: $12.37 billion vs. $11.02 billion.
When bond yields begin to return to their long term average expect money to pour out of equities. Until that moment factors such as profits, revenues and growth may have less of an impact on the equity market than you might think.
Goldman Sachs is the best managed company in the financial sector, while Citigroup stock is the cheapest, Rochdale Securities Banking Analyst Richard Bove said Thursday.
Blackstone Group, one of the world's largest private equity firms, hit a 52-week high for the third straight session yesterday along with heavy upside options trading.
After Wednesday's stellar market performance, stock index futures indicated a lower open for Wall Street on Thursday as investors take a breather and evaluate their next move.
Upbeat corporate results lifted investors' sentiment again on Thursday, sending world stocks to near 13-month highs. On Wednesday, the Dow broke through 10,000 for the first time in over a year on the back of strong earnings from JPMorgan Chase and Intel. Experts told CNBC the only thing that matters now is U.S. earnings.
Dow is up but the dollar is tumbling. Time to look at global indexes?