Risk aversion is definitely back today. You can see it in the dollar/yen, where the yen has really strengthened today. The AIG news (down 8 percent) told us that a lot of the bad news is still not priced in. Big momentum stocks like Visa, Mastercard, Nucor, US Steel, Anadarko, Apache, Bidu, Apple, and Google all saw profit-taking today. But here's the big problem: oil closing up five straight days, closing at a new high.
The relentless upward march of oil prices dominated the business headlines through the week, but there were other developments to inspire the traders, analysts, and fund managers who offered their suggestions to investors on CNBC.
Japanese telecoms and Internet group Softbank posted a worse-than-expected 13 percent fall in quarterly operating profit on Thursday, as its marketing costs ballooned on efforts to win new subscribers.
As the stock rallies ahead of Thursday’s annual meeting, could it be that Google is actually the big winner in the MicroHoo debacle?
Stocks declined as soaring oil prices triggered concerns about inflation and consumer spending.
Microsoft is gauging Facebook's interest in a possible acquisition after the software giant's failed takeover attempt of Yahoo, the Wall Street Journal reported Wednesday.
Stocks performed a dizzying dance, sliding at the open, improving with economic reports and then doing a do-si-do with oil prices.
Stocks opened mixed Wednesday after a better-than-expected report on U.S. worker productivity. Oil hovered below $122 a barrel.
Dollar finally rallying today after a couple of down days. Metal commodities lower, but energy commodities flat. Modest pop in futures as first quarter productivity rose a better than expected 2.2% vs expectations of 1.5%.
He was too bearish on the stock. Here's how to avoid his mistakes.
Stocks declined as the market pendelum swung back the other way, sending oil prices to a new high and early cyclicals such as financials and retail lower. Yahoo plunged.
Stocks declined, with General Motors dragging on the Dow amid news of another strike and Yahoo weighing on technology stocks.
Barely two hours into trading and Yahoo shares were on the decline in a big way, off about $4.50 a share, or almost 20 percent; while Microsoft shares are on the increase. Both stocks are well off their lows and highs of the morning, however, as investors try to figure out what they'll both do next. If anything. They will do something. But what?
Stocks opened lower Monday as Yahoo weighed on technology shares after Microsoft withdrew its takeover offer.