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Stocks ended the week in correction territory after a sharp selloff Friday as a disappointing jobs report and another possible debt crisis in Hungary intensified fears about the stability of the recovery.
The latest overall job loss numbers showed a gain of 431,000 jobs in May and an unemployment rate falling to 9.7% from 9.9% in April. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
Markets slipped on Friday after a US report showed fewer jobs were added to nonfarm payrolls than expected last month—and most of those jobs were temporary census workers. Art Cashin, director of floor operations at UBS Financial Services, shared his insights.
US stock futures extended their losses Friday after a report showed fewer jobs were added to nonfarm payrolls last month and most of those were temporary census workers.
Stocks closed about a half-percent lower after a bargain-hunting rally collapsed late Wednesday, with traders booking gains from earlier in the day and refusing to give the market a vote of confidence.
Stocks were off their sessions high, pulling back after European markets closed but still positive after enduring days of whipsaw trading.
With the euro relatively stable against the dollar and the yen (though weaker late in the morning), most European indices are up 2 to 3 percent. This may be partly due to comments from the Organization for Economic Cooperation and Development, which raised its growth forecast for this year and 2011.
Stock-index futures pointed to a somewhat positive open on Wednesday, with global stocks rallying on Tuesday late-session rally on Wall Street.
A proposed increase in carried interest taxes could raise $19 billion over the next decade, but many business leaders find fault in the idea. Robert Johnson, founder and chairman of RLJ Companies, shared his insights.
Since reaching their highest levels of the year on April 26, all three major averages are officially trading in correction territory, defined by a decline between 10 and 19.9 percent. Here is a look at the biggest percentage losers.
What’s ahead? Traders expecting choppier markets for the rest of the year. Remember what happened: going into May, traders were not only long the market, they were short volatility... Now the volatility bets are off. They were forced to buy volatility for the past couple weeks, culminating in a buying frenzy this week.
Stocks erased early losses on Friday, defying market expectations for another big selloff, but struggled to hold gains. What should investors expect from the markets going forward? Paul Schatz, president at Heritage Capital, and Dirk Van Dijk, director of research at Zacks Investment Research, discussed their opposing views.
"Outlawing short-selling is a mistake," said Barry Ritholz, CEO and director of equity research at Fusion IQ and author of "Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy." He offered his insights to CNBC Thursday.
The German government announced plans to ban naked short-selling at the country's 10 most important financial institutions on Tuesday. Bill Spiropoulos, CEO of CoreStates Capital Advisors, shared his insights on the new proposal.
Stocks fell Wednesday as Germany's move to ban some naked short-selling fueled a fresh wave of worry about financial regulation. The CBOE volatility index, spiked above 35.
Stocks fell Wednesday as Germany's move to ban some naked short-selling fueled a wave of fears about exposure to riskier assets. The CBOE volatility index, spiked above 35.
Stocks slid Wednesday amid worries about increased market regulation—but a tame inflation report helped curb losses. James Shelton, CIO of Kanaly Trust, and Kim Caughey, VP and senior equity analyst at Fort Pitt Capital Group, discussed their market outlooks.
Stocks declined Wednesday as the euro got a boost from news that Greece was considering leaving the European Union.
Europe can survive the current economic crisis if its leaders make good on commitments to turn their economies around, Treasury Secretary Geithner told CNBC Wednesday.
The Dow tumbled over 100 points, or 1.1 percent, led by financials, as the dollar gained against the euro. Walmart was the lone gainer on the Dow. Oil ended below $70 for the first time this year.