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Stocks opened lower on Monday as the dollar and U.S. Treasury yields soared on last week's hopeful jobs data, which prompted speculation that the Federal Reserve may raise rates at its next meeting. Read and listen to what the experts had to say…
Although oil prices could see a spike to the $80 range, they will most likely settle near $60 a barrel, said Dennis Gartman, founder of The Gartman Letter.
Oil on Monday dropped from its 7-month high. The U.S. dollar extended gains after its largest 1-day rise in five months on Friday. And the 10-year U.S. Treasury yield hit a 7-month high on Monday. Art Cashin, UBS Financial Services director of floor operations, offered CNBC his market insights for Monday.
If last week is any indication, the market focus will be less on stocks and more on bonds and the dollar; while the dollar staged a late-week rally, the Treasury auction this week and continued weakness in long-dated Treasuries continues to be a worry for traders.
Stocks opened lower Monday as the dollar and U.S. Treasury yields soared on the back of last week's cheerier jobs data, which prompted speculation that the Fed may raise rates at its next meeting.
As gasoline prices get closer to the point where consumers will stop buying, the corresponding rally in oil is probably over, commodities analyst Dennis Gartman told CNBC.
Options activity is heating up in Sina ahead of the online media company's earnings report tomorrow.
Futures pointed to a lower open for Wall Street Monday as the dollar and U.S. Treasury yields soared on the back of last week's cheerier jobs data, which prompted speculation that the Federal Reserve may raise rates at its next meeting.
Banks sold off on Monday, along with global stocks, as the dollar strengthened after Friday's better-than-expected U.S. jobs report for May. Experts tell CNBC that the recovery in the financial markets is just an illusion and won't last long.
The recent stock-market rally could be the one to break the back of bear market and bring a flood of fresh cash from investors afraid of missing more gains, market experts told CNBC Monday.
The dollar strengthened against a basket of currencies Monday, extending gains made late last week as U.S. Treasury yields rose to 7-month highs after better-than-expected jobs data prompted demand for the greenback.
Investors are reeling from the latest investment bubble to burst — long-term Treasury bonds. With mutual fund managers and investors absorbing losses of more than 15% on supposedly safe assets, this highlights the perils in fear-based investing.
The stock market's rally could face a critical test in the coming week as the "recovery trade" plays out across financial markets.
While Adrian Day, chairman and CEO of Adrian Day Asset Management, said the short term play could be risky, John Licata, chieft investment strategist at Blue Phoenix, said it indicates a good buying opportunity. (See Licata's stock picks below)
Stocks rose for a third straight week as investors got their game on for a recovery. Still, Friday's trading was choppy as investors cheered an early pop from the smaller-than-expected job loss in May but the market couldn't sustain the gains.
Is the market rally here to stay? Jamie Cox, managing partner at Harris Financial Group, and David Spika, WHG Funds vice president and investment strategist, debated whether now is the time to jump into stocks.
Let's be honest, trading is not rocket science. In fact, trading succes has little to do with how smart you are. Rather, it's more about your mental process. Successful traders generally do many of the same things, regardless of which market or product they trade.
If you are confused by the action today, you shouldn't be. Biggest question is, why aren't stocks up more because the nonfarm payroll data was better than expected?
Job losses were much fewer than expected. And the previous month was revised to show fewer jobs were lost than initially reported. As the Dow, S&P and Nasdaq hover, what's the bigger stock-market picture? Art Cashin, director of floor operations at UBS, offered CNBC his insights.
Stocks struggled to hold gains Friday as investors cheered an early pop from the smaller-than-expected job loss in May but techs and pharmas dragged and the weakeness began to seep into other sectors.