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Stocks were poised to rebound slightly Tuesday, as investors waited for some more data on the broader economy due shortly after the start of trading.
Stocks snapped a three-day winning streak Monday as traders cashed in some of their chips from last week's rally following some dismal reports on the telecom and financial sectors.
Stocks turned mixed Monday, the second day of trading in the new year, as a construction report came in much better than expected, as did U.S. auto sales. Stocks started off the day sharply lower as investors cashed in some of their chips after last week's rally that pushed the Dow up more than 6 percent and past the key 9,000 mark.
There's still considerable caution about stocks. And as Monday's market shows, any rally is likely to be in fits and starts. But the outlook for the early part of 2009, at least, is optimistic.
RidgeWorth Capital Management's Alan Gayle thinks it's time to move up the risk gauge — in both stocks and bonds.
Stocks declined Monday, the second day of trading in the new year, after a rally last week that pushed the Dow up more than 6 percent and past the key 9,000 mark. A report that showed construction spending fell by half of what was expected helped shave some of the loss.
Wall Street looked set to open lower in the second day of trading of the year after Friday's rebound, with investors expected to take some profits following the Dow's rise to more than 9,000.
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The Dow climbed on Tuesday after the government expanded its bailout of the auto industry...
Another light volume, low volatility day, closing near the highs. Good news, considering that the consumer confidence and home price news was dismal. Goldman Sachs had a particularly good day, up almost 6 percent, though on light volume. But GMAC was the big story of the day...
Three days left until the Baby New Year. But will 2009 really bring a new beginning?
Stocks ended lower as the unraveling of one of the biggest deals this year overshadowed gains in the energy sector.
Stocks declined Monday as many investors were still away on holiday in this typically low-volume week between Christmas and New Year's.
As we end a rather nasty 2008 and head into a new year that doesn't hold much optimism, Jared Levy, senior market specialist at Financial Markets Education sees investment potential in education, infrastructure and energy.
Stocks finished higher Friday on a day when Wall Street looked like a ghost town, but the week ended without a visit from a much-anticipated Santa Claus rally.
Stocks edged higher at the open as Wall Street looked for a boost from a Christmas gift for GMAC and some heavy holiday activity at selected retailers.
Stock index futures pointed to a low-volume rally pushed by the approval of General Motors' financing arm to become a bank holding company.