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Why do stocks have a slight bid to them in the U.S.? Traders are saying that the busted trades are creating a bid on the Street. Fat fingered trade? Computer glitch? It's possible that one of these was the cause of yesterday's drop, but as traders stream into Wall Street, the worry is that this could have happened without a computer glitch or fat fingered trade.
The Labor Department reported the economy added 290,000 jobs in April but the unemployment rate increased to 9.9 percent from 9.7 percent the previous three months.
For the market to plunge 1000 or so points and then rebound a good bit of the way back is rattling.
Stock futures turned higher again after a government report Friday showed nonfarm payrolls jumped far more than expected in April, but trading remained volatile after a sharp market slide in the last session.
Despite Thursday's unexplained surge in selling that drove the Dow down 900 points, the stock markets are being driven lower by fears over the global economy and the debt crisis spreading, economist Nouriel Roubini, of RGE Monitor, told CNBC Friday.
The suspected erroneous trades that exacerbated the Wall Street's fall on Thursday should be investigated and solutions must be found if the New York Stock exchange is to maintain its reputation, investor Jim Rogers told CNBC late Thursday.
This is is the probably the toughest week of the year for active traders. Why? We've seen a huge increase in volatility and volume but it’s been around events so big (Greece, Spain, future of the euro) that traders have no idea — or strong opinion — on how it will play out.
In the course of two weeks, stocks have gone from being "overbought" by some measures to being deep in correction mode.
The foreign exchange team at BNP Paribas are predicting euro/dollar parity within twelve months: “While we have had one of the most bearish forecasts in the market, these previous projections now appear too moderate given the current developments.”
Stocks staged one of the most dramatic selloffs in market history Thursday as what may have been a trader error exacerbated losses in a market already jittery about the European debt crisis. The Dow ended down about 350 points and the VIX was above 34.
The Dow swung wildly on Thursday, losing as much as 998.50 and boomeranging back hundreds of points to close down 347.80, or 3.2 percent, at 10,520.32.
Panic has gripped stock markets worldwide over the Greek debt crisis and the threat of a debt-deflation contagion through banks in Europe (primarily) and the U.S. that own the bonds of Greece, Portugal, Spain, and so forth. If these bond asset prices collapse totally, lending facilities would be badly crimped for both the short and long term.
Cable company stocks fell Thursday after a new policy was announced by the Federal Communications Commission, two analysts told CNBC.
The European debt crisis could quickly spread to US banks, which are heavily exposed to Europe, banking analyst Dick Bove told CNBC.com.
Faithful readers of my weekly market commentary know that I value the opinion of PIMCO bond manager Bill Gross. Gross has compiled a terrific record as a fixed-income manager, and he regularly proves to be ahead of the curve on issues affecting the global economy.
Gold is becoming an increasingly attractive investment as a hedge against sovereign risk and volatility in the foreign exchange markets. Can investors still get into gold? Tom Pawlicki, precious metals analyst at MF Global, and Frank Holmes, CEO and CIO of U.S. Global Investors, shared their outlooks.
Markets opened lower for a third straight session on Thursday amid worries about the European debt crisis. Where should investors look to put their money? Mike Holland, chairman of Holland & Company and Sarat Sethi, partner and portfolio manager at Douglas C. Lane & Associates shared their insights.
Stocks declined for a third straight session Thursday as retail sales fell short of expectations and worries about the European debt crisis nagged at the market.
The FCC is set to announce whether they will allow cable companies to price according to bandwidth. This would benefit subscribers, but not the cable companies themselves.
Once passed, the bill will be signed into law and then presented to the Euro Zone meeting on Friday night. There is likely to be a constitutional challenge to the agreement, but this will not impede the flow of money to Greece.