Discussing what sectors they love in the stock market and where they are deploying their cash, with Phil Orlando, Federated chief equity strategist, and John Rutledge, SAFANAD chief investment strategist.» Read More
European shares remain lower, even as the Dow breaks the 13,000 mark and the Greeks reach a bailout deal. Euro zone finance ministers seal $172 billion bailout for Greece. Spanish T-bill yields fall sharply at first auction following Greek deal. And UK public finances post biggest monthly surplus in four years.
Stock index futures pointed to a rise in U.S. equities on Tuesday after euro zone finance ministers finally sealed a bailout for Greece. European shares steadied on Tuesday after hitting seven-month highs on Monday, with strategists saying the focus would now turn to the bleak outlook for Greece's economy after the country secured a bailout package.
The program to aid Greece includes new financing of 130 billion euros, and private sector holders of Greek debt are expected to take losses of up to 53.5 percent on the nominal value of their bonds as apart of the debt exchange; investors will be watching for a relief rally from the Greek deal that could push the Dow over 13,000, and traders will also be watching oil prices which have made upward moves after Iran has stopped selling crude to British and French companies in retaliation against EU sanctions, reports CNBC's Jackie DeAngelis.
US futures point to Wall Street opening higher after a mixed session on Friday. European shares slipped back from near seven-month highs on Tuesday, with strategists saying the focus would now turn to the bleak outlook for Greece's economy after the country secured a bailout package and averted a messy default. Asian stocks also dipped, concerns that the deal is only a short-term fix kept stocks subdued.
Euro zone finance ministers reached a long-delayed 130 bn second bail-out for Greece after strong-arming private holders of Greek bonds to take even deeper losses than they had agreed last month. The Financial Times reports.
The current rally in the Dow is limited. After the index touches 12,600 by the end of January, the rally will lose momentum.
With markets closed in the US for the Presidents' Day holiday, the focus was firmly on Europe and the afternoon meeting of euro zone finance ministers with a positive resolution being increasingly priced in by investors. European shares closed up on expectations that Greece will get its second bailout, and after China cut the amount its banks must hold in reserve.
With markets closed in the US for the Presidents' Day holiday, European shares hit a near seven-month high on Monday after China eased its monetary policy further over the weekend in an effort to fight slowing growth, with mining stocks among the main winners. Asia markets across the assets rose as expectations that Greece will secure a second bailout buoyed investor appetite for riskier assets, sending U.S. crude and copper up nearly 2 percent.
Euro zone governments are looking to the European Central Bank and national central banks to help pare back the cost of a second rescue package for Greece which would otherwise amount to 170 billion euros ($224.2 billion). The Financial Times reports.
Discussing how to play this market amid uncertainty in Europe, with Brian Kelly, Shelter Harbor Capital; Steven Cortes, Veracruz; and Donald Luskin, Trend Macro.
Mad Money host Jim Cramer answers viewer emails on stock and investment questions.
Not all stocks can or should be own forever, explains Mad Money's Cramer, especially shooting star tech stocks. Investors need to remember to take profits on the way up, and get out of them on the way down.
Mad Money's Jim Cramer explains how investors can gain an edge, when the market turns negative, by being familiar with the stocks in their portfolio.
Mad Money host, Jim Cramer explains how decent timing during a selloff, could present investors with a great buying opportunity.
Don't sell in the midst of an awful decline, cautions Mad Money host Jim Cramer. Investors need to keep their heads, because the right move just might be to buy into weakness.
Stephanie Link, The Street, and Quint Tatro, Tatro Capital, discuss whether there is enough investor optimism to keep the rally going despite some uncertainty in Greece.
John Hofmeister, Citizens for Affordable Energy founder & CEO, explains what is really driving oil prices higher, Iran or an improving U.S. economy.
CNBC guests offer their views on the markets and economy.
David Darst, Morgan Stanley Smith Barney, and Todd Buchholz, Fmr. White House Director of Economic Policy, eye the Dow as it nears the 13,000 level.