Don't think a plateau in oil stocks means the end of an energy run.
Following are the day’s biggest winners and losers. Find out why shares of Apple and Monsanto popped while American Express and Cinemark dropped.
Cramer makes the call on viewers' favorite stocks.
The FCC chairman said yes. But two more votes are needed.
As the world watched Tiger Woods and Rocco Mediate take it down to the wire at the US Open, the Dow was struggling with its own rivalry: Banks were trying to lead a rally, while a handful of stocks were dragging on the blue-chip index. Oil ended down at $134.34 abarrel.
It started with a note from Mike Abramsky at RBC Capital, now calling for a "breakout" fiscal fourth quarter because of iPhone. He's estimating Apple will sell 14 million iPhones in 2008, thanks to last week's new 3G version.
Stocks bounced back from an early slide as banks recovered and strength permeated techs, housing and retail stocks. The market had opened lower as oil neared $140 a barrel and after a report from the New York Federal Reserve on regional manufacturing activity showed a worse-than-expected contraction. Lehman shares rose after the firm reported a loss on target with its pre-announcement.
Stocks rallied to the finish Friday, led by financials and techs, as a tame core-inflation reading and lower oil helped the market end a chaotic week on a high note.
For the week ending Friday, June 13, 2008, the markets were mixed on varied economic news, renewed credit concerns from Lehman and the financial sector, and of course, oil. A surprise increase in retail sales gave hope for economic growth and a rising CPI suggested a potential rate move on the horizon that could strengthen the dollar and begin to tame inflation.
The stock market ends the week on a mixed note with the Dow positive on triple digit gains Friday, and the NASDAQ and S&P both in negative territory. The tech heavy NASDAQ faired the worst, down almost 1% for the week while the S&P was almost flat.
A key bill suffered a setback in Congress today. Here’s how it affects you.
Stocks tumbled Wednesday as oil's resurgence lit the fuse of inflation fears, pushing the Dow to a three-month low. Oil jumped about $5 a barrel, settling at $136.38. Financials were the hardest hit.