The stock market was far off its morning lows, coming close to turning positive, as investors shook off a handful of weak economic reports and snapped up biotech shares and other defensive plays.
General Electric announced that it will maintain its dividend for 2009, giving it an 8.6% yield, based on yesterday's close. See how this compares to the other 29 companies in the Dow.
Boy, are traders ready for this one. Everyone--even the bears--think a rally of up to 20 percent is likely before the end of the year.
The U.S. government's plan to inject $20 billion into Citigroup failed to fully reassure analysts about financials. So what is safe to invest in now? Tim Harris at JPMorgan Asset Management and Khiem Do at Baring Asset Management offered their sector strategies to CNBC.
As the news came in that Timothy Geithner would be Obama's pick for Treasury Secretary the market made a sharp move upward fueled in part by short covering.
Stocks rallied Friday, with the Dow soaring nearly 500 points, following news that Obama has picked Geithner as Treasury Secretary. Friday's gains helped offset much of the week's losses, pushing the Dow back above 8,000.
Cramer makes the call on viewers' favorite stocks.
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Stocks ended at their session lows Monday following the latest wave of dismal news: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
If you follow technicals then you know Thursday was a critical day in the stock market.
Stocks fell to their lowest levels in two weeks as worries about a global slowdown spooked the market.
The U.S. dollar rallied to a two-week high against a basket of currencies Tuesday as worries about a deteriorating global economy prompted investors to shun riskier assets and flock to the safety of the greenback.
Oil prices tumbled around 5 percent on Tuesday as the deepening global economic crisis dragged down markets and raised expectations energy demand will slow further.
Stocks closed lower as investors worried about the global economic downturn and enthusiasm for China's deep-pocketed stimulus plan faded.
On Friday, President-elect Barack Obama said that his top priority was to get a new economic stimulus plan passed. Yesterday, China announced its own $600 billion stimulus plan with an emphasis on infrastructure and public works. With all this money pouring in, which stocks might be poised for a jump?
Stocks shot out of the gate Monday, boosted by China's massive stimulus plan. Techs sat out the rally, dragged down by Dish Networks after the satellite TV provider's dismal results and Google after Microsoft announced a deal with Sun.
Stocks shot out of the gate Monday, helped by developments in the financial sector and China's near-$600 billion economic stimulus plan, announced over the weekend.
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Stocks bounced back after a two-day selloff as traders shrugged off a bigger job loss than expected. It was a welcome reprieve after the bloodbath of the last two days but wasn't enough to dig out stocks completely and the Dow ended down 4 percent on the week.
So for the past two days the short-term trade has been: fade the market in anticipation of a nonfarm payrolls report below even the loss of 200,000 jobs expected, then go for a modest rally in the middle of the day Friday.