Stocks rebounded from a midmorning slide Thursday after a report showed business inventories continued to shrink as sales jumped, offering the latest indication that the recession is winding down.
There's some positive momentum for Wall Street ahead of Thursday's session. Futures are pointing to a nice pop at the open, following yesterday's strong gains.
The summer rally hit its one-month mark today, but can it continue? Ernie Ankrim, senior markets advisor at Russell Investment, and Doug De Groote, managing director at United Wealth Management, discussed their outlooks.
Approaching the close, the Dow has cut its losses almost in half...the five financial-oriented stocks in the Dow (B of A, Travelers, JP Morgan, AmEx, and our parent General Electric) are responsible for a negative 40 points in the Dow; but with the exception of some weakness in energy (Chevron, ExxonMobil), most other sectors are flat to down 1 percent.
On a week where the US markets once again hit new highs for 2009, and the 4th consecutive week of gains helped by the better-than-expected jobs report, the major indexes are all up about 2% or greater for the week, except for the NASDAQ which ended up only about 1% for the week.
As of today, over 80% of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
Shut down the high-frequency trading computer and put away the stochastic oscillator. Instead, let's slow the money down and find 'longs' for the long haul.
Both the S&P and Dow edged higher on Tuesday after better-than-expected economic data further suggested a recovery was underway...
Volatility in commodities is coming back in a big way, said Dennis Gartman, founder of The Gartman Letter.
The value stocks will make a comeback as the economy and earnings improve, said Robert Doll, vice chairman and global CIO of equities at BlackRock.
The Dow pulled off a modest gain Friday, capping a rocky week — and month.
Following are the week’s biggest winners and losers. Find out why shares of Nike and American Superconductor popped while Exxon Mobil and Pfizer dropped.
US markets hit the highest levels of 2009 enforcing a summer rally, and turned in the best July since 1989 for the Dow, and 1997 for the S&P and Nasdaq. Additionally, July was the best monthly performance for the Dow since October, 2002, and April, 2009 for the S&P and Nasdaq.
Demand, not only for gasoline, but for other major products markets as well, is going the wrong way... Thus, Big Oil is straining under the weight of poor margins, writes Stephen Schork.
US stock index futures pared their gains Friday after the latest GDP report showed a better headline number than economists expected, but traders had already been anticipating that number, which pros said is why the market was rallying the past few days.
The recent rally in the stock market continued today, as the major indexes reached new heights for the year during intraday trading, with the Dow and S&P 500 up nearly 1 percent.
Stocks rallied Thursday, logging the highest close since November, despite a late-afternoon pullback.
Oil giants Exxon Mobil and Royal Dutch Shell on Thursday added to the industry's worst midyear showing in years, stung by slumping global energy demand that threatens to further slow exploration and production.
Stocks rallied Thursday as investors were encouraged by the latest jobless report and round of corporate earnings.
Stocks rallied Thursday, pushing the Dow to its highest level since November, but will the rally continue from this point? Douglas Roberts, founder and chief investment strategist at Channel Capital Research.com, told investors that the uptick will continue.