Jim Cramer provides his opinion on caller favorite stocks, including this stock tied to commodities.» Read More
European shares snapped a two-day winning streak to end Tuesday 1 percent lower, led down by banks on persistent worries of more losses from a global credit crisis, and by weakness in technology shares.
Stocks struggled back to level ground after investors shrugged off a slew of bad news from technology companies, real estate and banks.
There's plenty of hand wringing around first quarter earnings, and Alcoa didn't help by kicking off the reporting season with a miss.
Stocks held lower on a slew of bad news, as troubles in technology, more signs of weakness in the banking system and a reminder that the housing slump is far from thwarted a week-long mostly positive run on Wall Street.
With Alcoa's report yesterday afternoon, the official start to earnings season is here. Here are the current forecasts from Thomson Financial...
Stocks opened broadly lower as a slew of warnings that company earnings would slip in the first quarter, especially in technology, combined with more fear in the financial sector to dampen the recent positive run on Wall Street.
Futures are down slightly, but have been stable throughout the morning, despite rather downbeat commentary from Alcoa and AMD. Metals a bit weaker (the IMF sold 12 percent of its gold stake, so gold is down 1 percent), dollar fairly stable, Europe down about 1 percent on average.
U.S. stock index futures were lower on Tuesday after Alcoa opened the earnings season with a fall in profit and AMD said it would slash 10 percent of its workforce.
Which stocks are worth buying as Alcoa kicks off earnings season Monday?
The Dow was little changed on Monday as rising oil prices stoked fears that corporate profits could suffer. What's the Word on the Street?
Alcoa reported earnings that came up short of analysts' consensus estimates because of higher costs and a weaker dollar, but the company's sales beat forecasts.
A rally in commodities and financials was halted midday as Arch Coal gave guidance for the full year that disappointed investors. It was a reminder that the upcoming earnings season was likely to provide a fair share of disappointments. This was confirmed after the close, when aluminum giant Alcoa also reported earnings that were below expectations;
Stocks finished flat Monday as traders opted to pull over and let some of the earnings traffic pass before deciding what to do next.
Until that $5 billion infusion is a done deal, Cramer remains "skeptical."
Earnings season kicked off Monday, and investors are bracing for some fairly ugly results, especially in the beaten-down financial sector.
Consumer complaints rose at 15 of the 16 airlines studied and overall soared 60 percent.
Two big stories today: commodities and Washington Mutual. What's up with commodity prices? Copper, gold, oil all moving up again. Goldman Sachs raises aluminum price estimates on strong Chinese demand during 2008 (somewhat offset by a contraction in aluminum consumption in the US, Japan and Europe, they say), combined with supply constraints in China...
Stocks advanced Monday, helped by financials, after some encouraging news that suggests banks may be getting their act together.
As investors come to terms with the fact that the U.S. economy is either in or heading toward a recession, Wall Street is bracing for earnings season, which kicks off Monday with Alcoa.
Stocks opened higher Monday, led by financials, after some encouraging news that suggests banks may be getting their act together.