Oil companies would cover the fee under the plan, which would have difficulty clearing the Republican-controlled Congress.» Read More
Dan Genter, CIO at RNC Genter Capital Management, told CNBC that it is a good time for investors to put their money into the energy and financial sectors.
Following are the day’s biggest winners and losers. Find out why shares of Exxon Mobil and Pacific Sunwear popped while RIMM and Deere dropped.
Stocks rallied to the finish line after another volatile session as signs began to emerge that credit markets may be defrosting. The Dow gained more than 400 points.
Stocks were higher in a wobbly session as investors digested remarks from Federal Reserve Chairman Ben Bernanke and Treasury Secretary Hank Paulson.
Stocks rose more than 1 percent out of the gate Monday as investors snapped up some bargains after Friday's selloff. Investors will be closely watching comments from Bernanke before a House panel. He is expected to say that we may need a second government package to stabilize the economy, according to prepared remarks.
Recapitalization of European banks is continuing: ING took a 10 billion euro ($13.5 billion) cash influsion; French banking giant Societe Generale was down on capitalization concerns; Sweden outlined a $205 billion plan to support its banks. Secretary Paulson will speak at 11:30am ET, giving details of the application process for the capital purchase program. Also: Oppenheimer is upgrading all the big oil and gas names this morning.
U.S. stock index futures were higher Monday, at the start of an earnings-packed week, when investors will have a chance to dig down into corporate numbers in addition to tallying up bailout packages.
Stocks ended down for the day but still pulled off a gain for the week.
Coming off the worst week ever where volatility continues to rule, enhanced by options expiration Friday, the major indexes are all up about 4% or greater for the week.
Some stocks are more popular than others. But that doesn't mean they're always the best shares to hold. Michael Farr, president of Farr, Miller and Washington, gave his assessment of five of the most widely held companies.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
The Dow clawed its way back from a five-and-a-half year low, trading up more than 250 points heading into the final half hour of trading. The VIX, a gauge of fear in the market, soared to a new record above 80.
Stocks declined Wednesday as comments from Federal Reserve Chairman Ben Bernanke sent the already-rattled market to session lows.
When oil prices go down sharply, energy stocks underperform. This is the simplest--and most direct explanation for the decline.
There has been no let up on volatility this week. In the early afternoon, the Dow is trading at its session low today, down over 500 points.
In this Web Extra the traders reveal a few of their favorite plays for Tuesday.
Some veteran investors say that the sell-off has gone much too far and stocks are poised to rally powerfully if the downturn is less severe than investors fear.
As the Dow, S&P and NASDAQ chalk up some of the biggest weekly losses ever, how does that translate to dollar terms?
Stocks worldwide extended their slide even after Central Banks around the world coordinated emergency rate cuts earlier in the week in an effort to help unfreeze the credit markets, and soothe the financial sector. The Dow had its worst week ever in terms of points as well as percent drops, losing 1874 points or down 18.15%.
After trading in a 1,000-point range for the first time ever, stocks ended the day with a whimper, closing slightly lower amid hopes that the holiday weekend could bring good news.