On Thursday, solar exchange traded funds (ETFs) soared by about 17 percent, and some stocks within the funds were up by as much as 50 percent. For the week, the ETFs finished up about 30 percent. What gives?
The S&P tumbled on Monday largely due to concerns about the major automakers.
At the start of the month, General Electric was falling fast and the company that once boasted a half trillion dollar market cap, was at risk of falling out of the Top 20 biggest companies in the S&P 500. In less than a month, that has changed significantly.
Wall Street capped a strong week on the downside Friday, with the Dow and S&P closing in negative territory.
On a week dominated by the toxic asset plan, better-than-expected housing and durable goods data, the markets rally through their third straight week of gains. The last time all major indices rose for three consecutive weeks was the week ending May 2, 2008.
Sharp reductions in investments and low oil prices could curb future supplies by almost eight million barrels a day within the next five years, according to a study scheduled for release Friday, the latest warning that the world could face a new energy shock when the economy picks up.
How in the world do Wall Street and Washington restore trust with the American public? It's a question both sides have wrestled with for months. But we're tackling it tonight on our CNBC special, "Restoring Trust: How to Fix America's Economy."
With global demand in the doldrums and the world swimming in oil, the current price run in oil is an aberration. We do not think it will last… in a logical world, writes Stephen Schork.
These companies will tell us whether or not Monday’s rally was real.
In today's rally, the Dow, S&P and Nasdaq Composite simultaneously closed up 6.5% or greater for the first time since November 13, 2008, in an event that has only happened 4 times before, 3 times in 2008 and once in 1987. Here are some key dates for when all three major indexes concurrently closed above 6.5% or more.
Cramer sees a host of good trends that should take this market higher.
In a week dominated by outrage over Wall Street bonuses, TALF funding, and the Fed buying government debt, the markets managed to maintain a positive weekly gain for the second consecutive week, running with all indexes up about 1% or greater.
The economy is on the mend, and stocks are healing right along with it, according to Bernie McGinn of McGinn, McKean and O'Neill. "We're a firm that believes that the economy is going to be significantly higher a year from now," he told CNBC. "The markets are starting to look past the current crisis to the recovery."
Stocks slid in the final hour of trading Thursday as investors were initially encouraged by efforts by Citigroup to boost capital but started cashing in some profits, particularly in sectors that have seen big runups like financials.
How do you keep Forbes' annual billionaires list fresh and oh-so-exciting in a year of falling fortunes? Try putting in a drug dealer.
Stocks skidded Thursday as investors were encouraged by efforts by Citigroup to boost capital but started cashing in some profits, particularly in sectors that have seen big runups like financials.
Stock index futures pointed to a slightly lower opening Thursday, a characteristic pattern following the previous session's rally.
As storied sports teams square off across the country, similar cutthroat battles are raging in corporate boardrooms – especially those dealing in energy.
Even in this anemic market, it appears the urge to merge is alive and well.
Check out the latest crude oil plays from one of our favorite energy traders, Joe Terranova!