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Futures indicated a slightly lower open for Wall Street Tuesday ahead of a slew of earnings and Federal Reserve Chairman Ben Bernanke's Capitol Hill testimony.
China's sovereign wealth fund has taken about 1 percent in drinks group Diageo, in a move which an analyst said is a sign the country is diversifying away from the US dollar.
Shares of William Morrison Supermarkets surged more than 8 percent to the top of the FTSE-100 Tuesday, after it said it expects to beat earlier expectations for its full-year results.
Global stocks enjoyed another day in the green Tuesday after strong company earnings reassured investors that a U.S. economic recovery was slowly taking shape. Experts tell CNBC this mid-summer rally may up potential to rise 25 percent.
Fed Chairman Ben Bernanke delivers important testimony before a House committee, but it's the wave of earnings reports that could decide the day Tuesday.
Stocks rallied to the finish line Monday after a wobbly morning as a CIT deal to avert bankruptcy and strong earnings gave investors cause for optimism.
One of the few shining stars in the recession has been tech ETFs. The Nasdaq 100 index is up 26 percent year-to-date, and was the first major index to turn positive this year. But we’re now in the thick of the real test for technology: earnings season...
The S&P is sitting right at its highest levels since November. The central thesis is earnings: P/E multiples will expand in the next several quarters due to the combination of cost cutting and gradually rising revenues.
Goldman Sachs issued a bullish note on the S&P 500, raising its target for the index to 1060 from 940 by year's end. Art Cashin, director of floor operations at UBS Financial Services, offered CNBC his take on the Goldman note and the stock markets.
Despite a stunning surge of nearly 50 percent that otherwise might indicate a looming pullback, investors remain mostly bullish on emerging markets.
Goldman Sachs strategist David Kostin, known for his bearishness, joined the bull camp today and says stocks are set up for a sustained second half rally. In a note that's getting a lot of attention today, Kostin and other Goldman strategists upped their S&P 500 target from a relative street low of 940 to 1060, a 13 percent move from current levels. History's on their side.
This is nothing but a relief rally in a secular bear market and we’ll be in a secular bear market for another 10 to 15 years, said David Hefty, principal of Cornerstone Wealth Management.
Bulls are quite happy that, in the early stages of earnings season, more companies are beating expectations (a little over 70 percent) than usual (about 60 percent usually beat).
A strong start for stocks began to peter out Monday, though CIT continued to rally.
Stocks opened higher Monday as investors were cheered by news of a deal that will avoid bankruptcy for commercial lender CIT Group and a better-than-expected start the earnings season.
Futures are higher this morning on a combination of optimism over a CIT deal, better earnings, and a bullish call from Goldman Sachs.
FirstEnergy drew bullish options activity Friday after electrical workers ended a two-month strike against a Pennsylvania utility that is one of its subsidiaries.
The current mid-summer rally will last until the end of August, but trading volumes will be light with many investors on holiday, Robin Griffiths, technical strategist at Cazenove Capital told CNBC Monday.
Fraud continues to be unearthed in the financial sector with police recently detecting one of the UK's biggest Ponzi schemes, according to several media reports.
Futures indicated a positive open for Wall Street Monday as investors were cheered by news of a deal that will avoid bankruptcy for commercial lender CIT Group.