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!
The administration is caught between oil companies, that want to expand drilling, and environmental groups, which ask for a ban to be reinstated.
Following are the day’s biggest winners and losers. Find out why shares of Home Depot and Exxon Mobil popped while Energy Conversion Devices and Nucor dropped.
Stocks snapped their winning streak Monday after American Express reported that credit-card deliquencies rose in February. Techs were particularly weak amid worries about tech spending.
Stocks advanced Monday as banks continued their winning streak and Federal Reserve Chairman Ben Bernanke's weekend remarks that the recession could end this year fueled some optimism. But weakness in big-name techs dragged on the Nasdaq.
Jason Pride of Haverford Investments thinks the time to get into stocks is now. "The big fundamental change that's occurred over the past year is that stocks are down significantly from where they were before. ...The deals are there."
Stocks opened higher Monday as banks continued their winning streak and Federal Reserve Chairman Ben Bernanke's weekend remarks that he expects the economy to start recovering next year spurred optimism.
Stock index futures indicated a higher open for Wall Street, with investors optimistic after Federal Reserve Chairman Ben Bernanke said he expected the economy to start recovering next year.