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Stocks fell sharply Wednesday after the latest bevy of big names reporting earnings issued gloomy outlooks or missed their targets altogether.
Stocks fell sharply at the open Wednesday after the latest bevy of big names reporting earnings issued gloomy outlooks or missed their targets altogether.
Stock index futures pointed to a weak open Wednesday as the emerging earnings picture did little to alleviate investors' fears of a grinding recession, despite an easing in interbank lending rates.
The stock market deteriorated in the final 20 minutes of trading with the Dow closing with triple digit losses.
Stocks sold off in the final hour of trading, an hour that has become known for wild, unpredictable swings, as a new government plan to juice money-market funds and some dismal corporate outlooks kept investors on edge.
Stocks retreated after a fleeting uptick as investors digested a slew of earnings and some dismal outlooks and signs of a thawing in the credit markets.
Cramer makes the call on viewers' favorite stocks.
Apple shares have lost about half their value since late last year. With the tech titan set to report earnings Tuesday after the bell, what should you expect?
Stocks rallied to the finish line after another volatile session as signs began to emerge that credit markets may be defrosting. The Dow gained more than 400 points.
Is a second Bretton Woods coming? Mr. Sarkozy, the French president, met with President Bush over the weekend. They agreed to a series of summit meetings in the next few months to discuss common strategy for the global economy, but don't kid yourself: behind that innocuous goal, Mr. Sarkozy is clearly pushing for a change in the way capitalism is practiced.
Stocks were higher in a wobbly session as investors digested remarks from Federal Reserve Chairman Ben Bernanke and Treasury Secretary Hank Paulson.
This economic slowdown couldn’t come at a worse time for retailers and electronics manufacturers — The holidays are typically their biggest earnings period. But you know what that means: Sales!
Recapitalization of European banks is continuing: ING took a 10 billion euro ($13.5 billion) cash influsion; French banking giant Societe Generale was down on capitalization concerns; Sweden outlined a $205 billion plan to support its banks. Secretary Paulson will speak at 11:30am ET, giving details of the application process for the capital purchase program. Also: Oppenheimer is upgrading all the big oil and gas names this morning.
If the Dow Jones Industrial Average does not close above 10,625 this month, it will be in a multi-year bear market and likely to be closer to the 5,000 level once the recession is over, a strategist told CNBC Monday.
Following are the “Fast & Furious” trades - hot ways to play next week's market moving events.
If there’s one single question circling Wall Street that gets a trader’s attention every time it’s this.
David Dreman, chairman and chief investment officer at DremanValue Management, says we’re in one of the worst panics we’ve ever been in but there are major values around.
A growing body of statistical and anecdotal evidence suggests that demand for televisions, computers, cameras and other electronics is falling sharply, say the New York Times.
Stocks ended lower as hoopla over the government's plan to buy stakes in the nation's largest financial institutions died down and worries about earnings crept in. The Dow ended down just 75 points after swinging in an 850-point range. The tech-heavy Nasdaq lost 3.5 percent.
Yes, Virginia, earnings matter. The focus has been on the credit & macro backdrop; this has obscured fundamentals. The problem now is that it is difficult to say what is priced in.