Stocks closed lower Wednesday following a handful of weak earnings results in the financial sector and strong results from tech giants IBM and Apple, although the iPad maker's shares slipped in afternoon trading. Bank of America and AmEx fell, while IBM rose.
Stocks extended losses Wednesday following a handful of weak earnings results in the financial sector and strong reports from tech giants IBM and Apple, although the iPad maker's shares slipped in afternoon trading. BofA and AmEx fell, while IBM rose.
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Stocks ended modestly higher as strength in energy and materials stocks outweighed pressure from financials in the wake of a disappointing earnings report from Citigroup and ahead of more reports from banks later this week. Boeing and Caterpillar rose, while Verizon fell.
Stocks continued to trade modestly higher ahead of the close Tuesday as strength in energy and materials stocks outweighed pressure from financials in the wake of a disappointing earnings report from Citigroup and ahead of more reports from banks later this week. Boeing and Caterpillar rose, while Verizon fell.
Short-term speculative pressures may drive up the stock market, but overall, it's still a "risky investment," said Robert Shiller, professor of economics at Yale School of Management and founder of Case-Shiller Home Price Index.
This is her first upgrade of a big bank since the 2009 upgrade of Goldman Sachs.
Stocks traded mixed amid worries over Apple's future as CEO Steve Jobs takes a medical leave of absence, and disappointing earnings results from Citigroup. Boeing and Caterpillar rose, while BofA fell.
Looking ahead 10 years from now, you may just be sporting Li Ning’s latest running shoes, baking in Haier’s top class ovens or “baidu-ing” on China’s fastest growing search portal, Baidu.
There are some areas out there for investors to watch and in particular, commodities are looking “very attractive,” said Douglas Kass, founder and president of alternative investment management firm Seabreeze Partners.
The market seems to be saying that it is not sure where the growth will come from this year. December was fair, not great; now we are going up against tougher comps, and stocks are more expensive.
The ECB meets this week. The markets continue to abuse the Euro against most major currencies as concerns over European banks remain strong.
U.S. officials have issued a subpoena to demand details about WikiLeaks' Twitter account, according to court documents obtained Saturday. WikiLeaks says other American Internet companies may also have been ordered to hand over information about its activities.
Not if you believe as Cramer does that the precious metal’s price is headed to $2,000. Plus, get calls on the utilities, restaurants, the investment banks and more.
No holiday hangover here. Most Americans say they have no plans to cut back on spending this year as a result of their holiday shopping, according to the results of new survey.
Heading into Thursday's batch of retail sales reports, expectations are high that retailers will report their strongest sales in four years. However, as BJ's Wholesale's report showed Wednesday, there are sure to be some misses here and there.
The McDonalds Corporation’s introduction of ancillary products, such as lattes, smoothies and oatmeal, will hurt profits in the long run, Howard Penney, a restaurant analyst at Hedgeye Risk Management, told CNBC Wednesday.
A new report from MasterCard Advisors' SpendingPulse, which estimates sales across all payment forms, shows strong sales growth in December for apparel and high-end items, including jewelry. Online sales were also very strong, perhaps helped by wet weather in West and a post-Christmas blizzard in the Northeast.
The bears will be out in the year ahead, Cramer said. So get ready to buy.