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Stocks closed higher in another jittery session, helped by expectations of another Fed rate cut and an economic stimulus package from the federal government.
The multinational trade is thriving as global growth continues unabated and regardless of the U.S. economic slowdown. But the best way to play the world’s booming economies can be right here at home. Guy Adami highlights his favorite U.S.-based multinationals.
Wall Street resumed its cautious stance Friday, giving up sizable early gains and closing sharply lower as investors played it safe and cashed in profits before the weekend.
As the markets continue to swing up and down, some of the biggest names in the Dow Industrials can be snapped up with fairly sizable yields.
The commodities boom may be one driver of inflation, but it been a powerful engine for emerging market economies and will very likely be a key component of the global growth equation in 2008. Government and corporate leaders from both developed and developing countries gathering in Davos Switzerland for the World Economic Forum’s annual meeting will be weighing in on that economic dynamic.
Jamie Baker thinks airline stocks are ready to take off. "We do see significant potential upside from here," the JP Morgan senior airline analyst told CNBC. He offered investors his top stock picks.
Airline stocks rallied last week on news that Delta Air Lines was mulling a takeover of either United Airlines or Northwest Airlines, suggesting that many investors think airline mergers are a brilliant idea.
Stocks rallied to close higher after a report that Bank of America is in advanced talks to buy troubled mortgage lender Countrywide Financial.
Alcoa said fourth-quarter profit rose 76 percent on restructuring and tax benefits, offsetting lower aluminum prices. Experts weigh in on how to trade the aluminum firm's stock and other metals and mining companies.
Aluminum producer Alcoa said fourth-quarter earnings soared 76 percent, buoyed by the pending sale of its packaging and consumer businesses.
Australia's Alumina cut its full-year underlying earnings forecast by 17 percent on Thursday, citing lower aluminum prices, a higher Australian dollar and increased costs.
Stocks finished a back-and-forth session sharply higher Wednesday as investors bought bargains despite concerns about the strength of the economy and upcoming corporate results. Here’s the word on the Street.
Finally, an oversold rally; the Dow moved 225 points the last 90 minutes. It was the first close at the highs for the year; financials led, but beaten up groups like airlines also posted a nice rally. Defense stocks rallied as well.
Stocks closed sharply higher after a late-session rally as investors piled into sectors seen as resistant to economic contraction, such as health care and staples, amid talk of recession.
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.