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Stocks climbed on Monday following news that China is dropping its informal peg of the yuan to the dollar, a move investors believe will boost Chinese demand for exports as well as commodities. Art Cashin, director of floor operations at UBS Financial Services, shared his market outlook.
China's currency announcement has the potential to boost American exports, says Fred Hochberg, President and Chairman of the US Export-Import Bank.
Stocks rallied Tuesday as the euro gained against the dollar after a number of successful European debt auctions eased investor concerns about the euro zone's solvency crisis. Techs and industrials led the advance.
Stocks rallied Tuesday as the euro gained against the dollar after a number of successful European debt auctions eased investor concerns about the euro-zone's solvency crisis. Techs and industrials led the advance.
Stocks opened higher Tuesday, after finishing lower in the prior session as Moody's downgraded Greece's credit rating to junk status.
Stocks rose on Monday as strong euro-zone industrial data helped calm worries about the debt crisis. Bob Doll, vice chairman and chief equity strategist at BlackRock discussed his market outlook and the chances of a double dip.
Stocks ended lower Wednesday as energy and financials dragged. Consumer discretionary and industrials were among the best performers.
Stocks advanced Tuesday after a report on Chinese exports blew past expectations, offering hope for the global recovery.
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.