Energy experts at IHS Ceraweek say market dynamics will keep the lid on prices of U.S. natural gas even if more expensive techniques are used to extract it.» Read More
Stocks closed higher after bargain hunters stepped in to drive up shares of financials, technology and industrials.
Stocks finished the first week of the New Year on a down note as strong jobs data made investors worry that a faster-growing economy and possible rise in inflation will reduce the chances of a Fed rate cut.
U.S. jobs data will guide the markets today and bad news from Motorola is rippling through global markets. An early look shows U.S. equities weaker ahead of the opening. European stocks are lower as commodity driven shares continue to sell off and most Asian markets closed with losses.
Stocks closed higher after another volatile day as gains in technology stocks and a huge drop in oil prices boosted the major averages.
Shares of energy companies tumbled Wednesday as unseasonably warm winter weather pushed oil prices down more than 4.5%.
As we end for today, we can safely report it's been a banner year for stocks--by just about everyone's measuring stick. Bonds didn't so bad either. Blue chips were certainly the big standouts of 2006. The Dow Jones industrial average--the index of 30 of the nation’s biggest companies, hit record levels dozens of times since closing at 12,011.73 on Oct. 19. It's since surged to an intra-day high of 12,529.87. All this despite....
Exxon Mobil wants a federal court to overturn the state's decision to revoke its leases in the North Slope's Point Thomson oil and gas field.
Bullish sentiment took hold of markets as stocks charged higher--albeit on thin volume--with auto and homebuilding shares leading the way.
A plunge in oil of more than $1.50 per barrel, coupled with a rise in bond prices, helped push major stock indexes broadly higher across several sectors in a day of light holiday trading.
Answer: When's That! CNBC's Peter Schacknow pulls back the curtain and shows you inside the world of 24-hour business news.
The case stems from a 1994 decision by an Anchorage jury ordering Exxon Mobil to pay punitive damages to 34,000 fishermen and other Alaskans.
Stocks ended the day on the downside with more deals and earnings news driving the momentum on Wall Street today. All three major indexes closed down fractionally. The Dow Jones Industrial Average traded in a narrow range of about 40 points. More from Mary Thompson, CNBC’s “Eye on the Floor.”
Both the Dow Jones Industrial Average and the S&P 500 ended the day higher – with the Dow setting another record, closing up 30 points and the S&P up 3 – all this despite worrisome economic data coming in the form of a rise in wholesale prices and a decline in housing permits. The NASDAQ couldn’t keep up, falling 6 points on continued weakness in the technology sector.
Stocks closed mostly higher as investors shrugged off the latest inflation news and energy shares rallied on strength in crude prices.
The bulls caught their breath today after a run-up last week. All major indexes ended the day in the red. The Dow Jones Industrial Average closed slightly lower today by 4 points, even as two of its biggest components – General Electric and Citigroup – surged with both stocks hitting highs (Citigroup closed at an all-time high, GE at a 52-week high). The Nasdaq and S&P 500 also faced selling pressure, closing down 22 and 5 points, respectively.
U.S. stocks moved higher after the November CPI report took investors by surprise – showing that consumer prices were unchanged for the month (an increase was expected). CNBC’s Mary Thompson had her “Eye on the Floor” of the NYSE on the last day of the trading week...
U.S. stocks surged Thursday, driving the Dow industrials to a record close on strong earnings from brokerages and other companies and an improving outlook for the U.S. economy.
The bulls made a run on Wall Street today with the Dow Jones Industrial Average making a 100-point push to set a new record close - ending the day above 12,400 for the first time. CNBC’s Melissa Lee had her “Eye on the Floor” during a busy trading day.
Stocks closed slightly higher after giving back big gains from an early session surge.
Chief executives at some of the nation’s top companies expect slow but steady growth in the first half of 2007, according to the Business Roundtable’s fourth quarter 2006 survey.