Stocks finished flat as a new record for oil prices overshadowed a better-than-expected report on housing. Still, for the week, all three major indexes managed decent gains: The Dow Jones Industrial Average climbed nearly 2 percent; the S&P 500 index advanced about 2.5 percent and the Nasdaq jumped more than 3 percent.
Stocks recovered most of their losses and were mixed in the final hour of trading as oil prices pulled back toward $126 a barrel.
Stocks declined after a report showed consumer sentiment fell to its lowest level in 28 years. The market had opened with some optimism after a jump in housing starts, but the souring of consumer sentiment, and a jump in oil above $!27 a barrel, curbed gains.
Teen apparel retailer Abercrombie & Fitch reported higher quarterly profit Friday, helped by stronger sales in all its chains and better gross profit.
Stocks bounced back from the prior session's slide, led by techs and materials, as techs staged a rebound and materials benefited from higher metal prices. Better-than-expected retail sales also buoyed the market. Financials declined after federal regulators proposed increased oversight of investment banks.
Stocks bounced back Thursday following a sharp drop in jobless claims and better-than-expected monthly sales from Wal-Mart.
As expected, the ECB and the Bank of England left interest rates unchanged; the ECB at 4.0 percent. Futures dipped a bit at 8:50 am ET as Mr. Trichet began talking, giving his usual speech on the importance of combating inflation.
Wall Street has been busy figuring out where and when consumers will spend their rebate checks, even as the latest consumer sentiment numbers show U.S. consumers are more distressed than they've been since 1982.
March retail same store sales were weak, outside of discounters. Remember companies and analysts have been aggressively taking down first quarter estimates for over a month (as well as same store sales), but companies like JC Penney, Target, Gap, Abercrombie, and Kohls were all notably below expectations on same store sales.
Following are the day’s biggest winners and losers. Find out why shares of H&R Block and Clear Channel popped while Fannie Mae and Nokia dropped.
Wall Street was poised to open mostly lower on Thursday, despite positive retail sales numbers as the market continued to worry over the battered financial sector.
Wall Street was poised to open mostly lower on Thursday, despite positive retail sales numbers as the market continued to worry over the battered financial sector.
Wall Street was poised to open mostly lower on Thursday, despite positive retail sales numbers as the market continued to worry over the battered financial sector.
Huh? Import prices from China rose 0.8 percent for the month. How did that happen? As one trader noted, "The days of importing deflation from China is over." Futures were also down as the February NY Fed survey was negative 11.7, the weakest since May 2003.
Friday's markets will likely continue to be vulnerable to credit worries. There are a few economic data points including import prices and the Empire State survey, both at 8:30 a.m. TIC data from the Treasury is released at 9 a.m. and industrial production comes out at 8:15 a.m. Consumer sentiment is due at 10 a.m.
CNBC's Phil LeBeau reports from the Paris Air Show and discusses Airbus, which is expected to announce new orders this week, and Boeing's new aircraft.
Monday, 17 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.
Monday, 17 Jun 2013 | 8:20 PM ETHans Timmer, Director of the Development Prospects Group at the World Bank says his main concern with China is the country's vast shadow banking system.