Stephen Macklow-Smith, European equities portfolio manager at J.P. Morgan Asset Management, discusses European stocks after the market's worst week this year.» Read More
It may astonish some that the Dow dropped 130 points on a comment from the EU's energy chief that the nuclear situation in Japan was out of control (a remark he apparently made overnight). Some are calling it irresponsible.
It’s foolhardy to ignore warnings of short-sellers; still, in the wake of a Green Mountain, several lessons (with the caveat that there are exceptions to every rule).
Traders bought more than 3,600 April 21 calls for $0.40 yesterday, compared with previous open interest of just 441 contracts. More than 6,000 options traded in the name overall, compared with a daily average around 2,100.
Here's why you should keep a close eye on these six stocks.
U.S. stock index futures slumped after news that inflation at the producer level rose more than expected, while housing start plunged, and as investors continued to digest the implications of a nuclear crisis in Japan and heightened tensions in the Middle East.
Unfortunately, a short-covering rally in Japanese equities does not mean the nuclear crisis there is over. However, traders this morning are trying to look down the road. Simply put: chaos means dislocations.
Jean Monnet, the father of European integration, once remarked that “Europe will be forged in crises, and will be the sum of the solutions adopted in crises.”
Oil prices have fallen sharply in the wake of the disaster in Japan as investors have shunned risk. Nymex has declined around 5 percent since last Friday's earthquake and tsunami. However, Jim Rogers, Chairman of Rogers Holdings, who has been a long-term bull on oil, thinks it's only a matter of time before the current trend reverses.
Here's what you should be watching Wednesday, March 16.
Markets will stay sensitive to any developments with Japan's unfolding nuclear crisis or from Middle East trouble spots, and that could once more weigh on risk assets.
Stocks closed off the lows of the day, although still 1 percent lower, as buyers stepped into the market in afternoon trading even as investors remained unnerved by the escalating nuclear crisis in Japan. Intel and Cisco fell, while Chevron gained. .
Stocks significantly pared losses, although continued to trade lower, after the Federal Reserve reaffirmed intentions to continue stimulating the economy through bond purchases even as investors remained unnerved by the escalating nuclear crisis in Japan. Intel and Cisco fell, while Chevron gained.
After a wild open, a funny thing happened: stocks stabilized almost immediately. Widely watched market indicators (VIX, TRIN), also came off their extreme readings.
While Tuesday's sharp drop in global stocks may have seemed like panic selling, it's far from the 2008 market meltdown that devastated many investors' portfolios.
Stocks sold off heavily at the open but quickly stabilized and are now well off their lows. Despite uncertainty about exactly what is happening at the nuclear reactors, Nikkei futures which trade at the CME have been rising for a good part of the morning and that undoubtedly helped.
Stocks pared the worst losses of the day, although remain sharply lower, as the worsening nuclear crisis in Japan prompted investors to sell stocks across the globe and move into safer investments. GE and Intel led the blue-chip index lower.
As solar stocks continue to fly in reaction to Japan’s nuclear worries, solar bear Gordon Johnson of Axiom Capital continues to scratch his head.
The economy may be in recovery mode but retirement confidence dropped again as Americans who are unprepared for r etirement finally heard the wake-up call. Still, a surprising number of people are still guessing about how much they'll need to retire and at risk for running out of money.
While the S&P 500 is down 1.8 percent, it has recovered over a quarter of its losses.
U.S. stock index futures pointed to very large declines for Wall Street Tuesday, following Asian and European markets lower, as the worsening nuclear crisis brought sellers out in droves.