Stocks continued to trade mixed despite further evidence of a recovering economy and passage of a bill extending Bush-era tax cuts, as strong earnings by tech leaders nudged the Nasdaq slightly higher. Merck fell, while Boeing rose.
In a word, the message of Wednesday’s meeting between President Obama and a group of invited CEOs was: jobs. After the meeting, my job was to stand outside the appointed venue (Blair House) and target CEOs for commentary. Some of them stopped - here’s what they had to say:
Stocks were mixed Thursday despite a batch of relatively positive economic news. Art Cashin, director of floor operations at UBS Financial Services shared his market outlook.
General Electric, the parent company of CNBC, recently increased its dividend payment for the second time this year. With $20 million in cash on the balance sheet and the sell-off of its NBC Universal unit expected to meet government approvals, is now the time to buy? Nicholas Heymann of Sterne, Agee & Leach, and Ted Parrish of Henssler Equity Fund say yes.
Twenty companies were represented at the summit, but the "Mad Money" host said he's only interested in three of them.
In topics that ranged from taxes to jobs to American competitiveness to education to the deficit, President Obama came across to CEOs as willing to listen and work with business.
President Obama is holding a meeting today with 20 prominent business leaders to share ideas on how to grow the economy and create jobs. Here is a look at how these companies performed since President Obama took office.
Nearly half of the 20 CEOs meeting with President Obama Wednesday are from technology and financials services companies, while noticeably absent are big oil and retail and such government-controlled enterprises.
Stocks closed off session highs, yet the Dow still hit its highest level since before Lehman Brothers collapsed as Treasury yields soared in the wake of the Federal Reserve's reaffirmation of its decision to buy bonds to stimulate the economy. AT&T and Kraft rose, while JPMorgan fell.
Stocks trimmed some gains but remained mostly higher Tuesday after the Federal Reserve reaffirmed its decision to buy bonds to stimulate the economy and left short-term interest rates unchanged. Kraft and Microsoft rose, while JPMorgan fell.
The dollar has been on the rise as yields on treasury notes have soared to record highs. Meanwhile, yields on the 30-year note are at their highest levels since May, so should you be fighting the Fed? Keith McCullough, CEO of Hedgeye Risk Management and CNBC contributor discussed his insights.
Stocks continued to trade higher Tuesday after a handful of mostly strong economic reports, and despite weak earnings from leading electronics retailer Best Buy, as investors await news from the Federal Reserve's meeting this afternoon. Boeing and Cisco rose, while JPMorgan fell.
Stocks gained Friday following a handful of positive economic news and after GE boosted its quarterly dividend for the second time this year. GE and Pfizer rose, while Kraft and Boeing fell.
Yield landed front and center on Friday after industrial giant GE boosted its dividend. What's the trade?
Stocks trimmed losses to end narrowly mixed Thursday as Treasury prices firmed and the dollar stabilized. McDonald's and DuPont fell, while BofA rose.
Stocks eased losses ahead of the close Thursday as Treasury prices firmed, but gains were limited by a stronger U.S. dollar. DuPont and McDonald's fell, while BofA rose.
S&P futures pop about 4 points, the dollar weakens, as initial jobless claims for the week come in at 421,000, a bit lower than the 429,000 consensus. China IPO mania continues: 2 other Chinese IPOs price overnight.
Stocks ended modestly higher Wednesday as the dollar rose and Treasurys hit six-month highs on fears the economy would heat up under the tax plan under consideration in Washington. BofA rose, McDonald's fell.
Stocks were struggling for direction Wednesday as the dollar rose and Treasurys hit six-month highs on fears the economy would heat up under the tax plan under consideration in Washington. BofA rose, while McDonald's fell.
Stocks fluctuated Wednesday, but remained under pressure as the dollar gained and Treasury bond yields spiked. McDonald's slipped, BofA gained.