Goldman Sachs and Morgan Stanley will report Q1 earnings data on Thursday. FMHR trader Dr. J is a bull on MS, while Mike Murphy likes GS better.» Read More
Stocks surged to two-year highs on Thursday as all the major indexes rose beyond their closing highs for the year in the wake of the Federal Reserve's decision to buy $600 billion in Treasury bonds to boost the economy and news that President Obama said he was open to extending the Bush-era tax cuts to all income levels. JPMorgan and BofA gained.
Stocks continued to soar to new highs for the year Thursday, with banks getting a boost from news the Fed will allow "healthy" institutions to raise their dividends. BofA and JPM gain.
QE2 (quantitative easing) apologists are already noting that QE2 might be more effective than many think. Credit Suisse, for example, says QE2 will be more effective than investors realize because of these reasons...
The Republican victories in Tuesday's elections are apparently already having an impact on market mood. Warren Meyers, DME Securities trader, told CNBC that Wall Street has a new optimism.
"It is easy to envisage QE2 giving way to QE3, QE4 and beyond because now that the Fed has started down this road again, it will be very hard to stop," says one economist.
With a market cap of $77 billion, Qualcomm is the world's largest semiconductor producer and wireless chipset and software technology. Its products help power the majority of 3G mobile, computer, and consumer electronics devices we use today. In other words - It’s a good barometer of the tech sector....but is it a good buy?
Emergency unemployment benefit claims have tracked Wal-Mart’s stock fairly closely over the last two years.
Gold soared near $1,380 an ounce on Thursday as the dollar plunged, after the Federal Reserve said it would pump $600 billion into financial markets. Jason Toussaint, managing director at World Gold Council, shared his outlook.
When BHP Billiton unveiled its hostile bid for Potash in mid August there were plenty of questions about whether it would succeed. But few of those questions centered on the factor that has doomed BHP’s efforts: the opposition of the Canadian regulatory authorities.
Stocks gained after President Barack Obama said he was open to extending the Bush-era tax cuts to all income levels. Boeing and Caterpillar gained.
Here's why you should keep a close eye on these six stocks.
Stocks surged at the open Thursday and kept climbing through the morning, as the market digested the Federal Reserve's decision buy $600 billion in long-term Treasury bonds. Art Cashin, director of floor operations at UBS Financial Services, shared his insights.
Fed policy captures traders' attention. Also: October retail same-store sales were a mixed bag: some tricks, some treats. It's important to note that estimates have been coming down all month, and only about half have beat the consensus.
Stock index futures continued to point higher Thursday despite a spike in jobless claims, as markets digested the Federal Reserve's decision buy $600 billion more in government bonds to boost the economy and looked ahead to policy decisions from the Bank of England and the European Central Bank.
See what's happening, who's talking and what will be making headlines on Thursday's Squawk on the Street.
Share your opinion in today's poll.
The euro's recent strength against the dollar is likely to continue and it could move back up to its January high against the greenback, Carol Harmer, chief market analyst for Mercury Forex and Charmer Charts, told CNBC Thursday.
The Fed's stimulative measures are good for stock markets, especially in Hong Kong as it is seen as the gateway to investing in China, said Peter Lai, director at DBS Vickers Securities.
1999 Nobel Laureate, Robert Mundell, also known as Father of the Euro, elaborates on his life's work and what he thinks the global economy needs.