CNBC's Bob Pisani digs into IBM's earnings miss weighing on the Dow, as well as Oracle and Hewlett-Packard shares. Also, VF Corp. raised its guidance for the full year.» Read More
Thursday's rally may have been fueled by the easing in the Italian bond yields, but investors still haven't forgotten about the lack of resolution of the debt crisis, with Doug Sandler, Riverfront Investment Group, and Benjamin Pace, Deutsche Bank Private Wealth Management.
European stocks are expected to open sharply lower on Thursday tracking heavy losses in Asia and Wall Street following a jump in Italian borrowing costs above 7 percent.
Investors looking for stocks that can protect in a chaotic market should put Windstream, Solar Capital, Energy Transfer partners, American Electric Power, and Sanofi-Aventis in their portfolio, for a combined yield of 7.5%.
Matthew Cheslock, Cohen Capital Group, discusses Europe's heavy weight on markets now.
European stocks were called to open higher on Wednesday after shares rose and the euro steadied in Asia overnight on news that Italian Prime Minister Silvio Berlusconi would resign after he lost his parliamentary majority in a crucial vote on Tuesday afternoon.
The precedent set by the restructuring of Greek sovereign debt risks leaving banks more exposed to future financial crises of other countries, according to the man who helped to orchestrate the so-called “private sector involvement” in the rescue plan for Athens. The FT reports.
The 12,600 target for the Dow is achievable in January 2012.
Mad Money's Jim Cramer turns a technical eye on Google, with a look at the charts, as interpreted by Tim Collins, TheStreet.com technician.
Mad Money host Jim Cramer says this market is contradicting itself in ways that should be impossible, but high-yielding stocks may be one method where investors can still make money, despite all the irrationality.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Rod Smyth, Riverfront Investment Group, points to strong areas of the US market. "It's almost a reverse of 1999," he says.
Deleveraging in Europe can be orderly if they can actually sell more debt, explains Barry Knapp, Barclay's. "Equities isn't such a big problem- but rolling their debt," he says.
British MPs took the step of interviewing Revenue & Customs’ top lawyer under oath as a row over an alleged “sweetheart” tax deal offered to Goldman Sachs intensified, the FT reports.
Jim Rickards, "Currency Wars" author, discusses which country is the biggest offender to currency manipulation.
Are we still entrenched in the pattern of risk-on or risk-off? "It's too simplistic," says Kevin Ferry, Cronus Futures Management. "There's like a Pavlovian response that when the euro goes up you buy risk assets."
The crisis in Europe has begun to spill over into US bank lending, according to the latest survey of loan officers by the US Federal Reserve.
European stocks were called to open higher on Tuesday, tracking gains in Asia and on Wall Street, but investor concerns persist over rising Italian bond yields and doubts over who will replace Greek Prime Minister George Papandreou.