As the Fed meets and earnings news rains down, the big question in the week ahead is whether the S&P 500 can manage a break out.» Read More
Ben Bernanke's 10 AM ET testimony dominates trader talk this morning, and as one trader observed, "Nothing good will come from this."
Stocks opened lower on Thursday after weekly jobless claims came in higher than expected. In the meantime, the economy contracted 5.5 percent, the Commerce Department said in its final reading on first-quarter GDP. That was a smaller contraction than the 5.7 percent initially reported. Read and listen to what the experts had to say...
Just which way are the markets headed? Art Cashin, floor director at UBS weighed in Thursday. "The market's staggering a bit here," said Cashin.
Futures indicated a slightly negative open for Wall Street Thursday after the Federal Reserve cautioned that the U.S. economy would remain weak for a time, adding concerns about the sustainability of a recent recovery.
ITT Educational Services drew some upside options activity yesterday as for-profit schools find themselves with a rush of applicants resulting from rising unemployment.
Big U.S. banks like Citigroup and Bank of America are attractive because there is no chance of them failing, Ron Ianieri, chief market strategist at ION Options said Thursday.
Global stocks were mixed Thursday after the Federal Reserve cautioned that the U.S. economy would remain weak for a time, adding concerns about the sustainability of a recent recovery.
Citigroup cut Bank of America's share-price target to $18 from $20 Thursday, predicting a loss in the second quarter and a big writedown on Merrill Lynch debt.
Stocks are now searching for the next catalyst, after a routine Fed announcement left the market mixed and little changed on the day.
The Dow fell for a fourth straight day Wednesday after the Fed said it expected to keep interest rates exceptionally low for an extended period.
Consumer discretionary stocks surged in the first half of 2009, and retail analysts Kimberly Greenberger of Citi, and Charles Grom of JPMorgan, discussed what's in store for the sector in the second half of the year.
The Fed was slightly more positive on the economy, noting that "conditions in financial markets have generally improved in recent months" and that "the pace of economic contraction is slowing."
Why KKR is so determined to go public is something of a mystery to me....today it unveiled its latest proposal to go public through an acquisition of its KKR Private Equity Investors (KPE), a limited partnership that trades on the Amsterdam exchange and invests its funds in KKR’s private equity transactions.
President Obama is standing behind the clean energy bill that makes its way to the house at the end of the week. So how can you make money on clean energy stocks? Vince Farrell, CIO of Soleil Securities and Kevin Landis, CIO and portfolio manager of Firsthand Capital Management recommended the following stocks:
Doug De Groote, managing director of United Wealth Management, and Michelle Picard, managing director of the Highmark Geneva Growth Fund, told CNBC where investors should be putting their money now.
The bulls stampeded into Oracle today after the database maker reported better-than-expected earnings results and issued a strong forecast for the next quarter.
Stocks bounded higher Wednesday, with the Dow up about 1 percent, as investors cheered the better-than-expected jump in durable-goods orders and shrugged off a weak new-home-sales report.
The consensus of traders-for more than a month--is that the most likely path for stocks through the summer was a "W" pattern-up and down, but ultimately in a range.
Stock gains continued to erode after the Fed said it expected to keep interest rates exceptionally low for an extended period. The Fed said that the "pace of economic contraction is slowing" but that it "continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal-funds rate for an extended period." Read and listen to what the experts had to say…
Futures popped about 5 points as durable goods were unexpectedly positive (up 1.8 percent, expectations were for a drop of 0.9 percent).