U.K. markets down 1.5 percent on disappointing results from retailer Marks & Spencer (down 20 percent in the U.K.) and vague concerns that the U.S. slowdown may be spreading to Europe. Yesterday a confluence of events, including comments from AT&T about slowing consumer business, and poor commentary from Circuit City and Brinker, added to the poor sentiment.
Gripped by fear, the stock market once more headed into the correction zone, on the eve of the fourth-quarter earnings reporting season. Tuesday's fierce selloff pushed both the S&P 500 and Dow down 11 percent from the highs they set in October. Ten percent makes a correction, and it is the third time the Dow has gone into correction territory in the last seven months if you count intraday moves.
Stocks skidded back into correction territory as investors worried that the tumbling economy may not only cripple mortgage lenders like Countrywide Financial but create problems for other companies like AT&T.
Alcoa (AA) kicks off earnings season Wednesday after the bell. Which stocks and sectors look the best?
The financial sector is expected to weigh on corporate earnings in the fourth quarter. But outside the sector, the news is upbeat.
Stocks rebounded to close mixed amid worries over the economy and geopolitical tensions.
Commodity based stocks getting hit hard again midday. Alcoa down 5.3 percent, AK Steel down 4.6 percent, oil service down 2.3 percent. What's up? Underlying commodities are weak for a second day in a row--the CRB index (a basket of commodities) has fallen almost 2 percent the past two days.
JetBlue isn't the only airline inspiring investors: Ric Dillon, chief investment officer at Diamond Hill Investment Group, runs the Morningstar five-star-rated Long-Short Fund; he recommended overlooked airline stocks.
Plus, the importance of the five-day rule and more.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Airlines stocks take flight and another brokerage flirts with collapse. With the price of oil slightly retreating and the holiday traveling season revving up, airline stocks may enjoy a profitable winter season.
Investors seem sure that mining giant BHP Billiton will continue its $149 billion pursuit of Rio Tinto, a combination that would control more than one-third of the world's iron ore sales.
BHP Billiton has made a long-awaited bid approach to Rio Tinto in a move aimed at creating a $350 billion-plus mining giant, but Rio rejected the all-share proposal as too low.
Commerce Secretary Carlos Gutierrez, leading a delegation representing US businesses to Hanoi's presidential palace, said the stage is set for trade growth between the US and Vietnam.
Tomorrow’s jobs report is more important than usual. The Fed has implied that unless the data gets really bad they are not going to lower rates again (most feel they will have to anyway). This means for the time being the markets can no longer play the "bad news is good news" story...
The Merrill Lynch saga continued Monday, with the imminent departure of Chief Executive Officer Stanley O’Neal leaving investors wondering who the board will pick to mend the struggling brokerage.
A slew of companies will be reporting third-quarter results, and investors will be watching not only for the latest figures but what companies predict about future profits.
Stocks bounced off session lows to close mixed on Wednesday but a late afternoon rally fizzled as investors were wary of initial quarterly earnings reports which came in largely below forecasts.
Many investors were expecting third-quarter earnings to be bad. And so far they haven't been disappointed.
Aluminum producer Alcoa reported that third-quarter profit rose 3%, boosted by a gain on the sale of its stake in Chinese aluminum company that offset weaker aluminum prices and restructuring costs.
Stocks ended higher after minutes from the Federal Reserve 's last meeting encouraged investors hoping for further rate cuts. "I don't think there is any question it's a good thing for stocks, it just reinforces the view from the investor's perspective that the Fed's there to save the day if necessary," said Michael Chren, portfolio manager at Allegiant Asset Management.