First Quarter GDP fell by 6.1%, much worse than expected. This comes after the final numbers for Fourth Quarter GDP was down -6.3%, the worst quarter since Q1 1982 when economic "growth" was -6.4%. Here is a breakdown of where the economy is shrinking most.
As of yesterday, over 40% of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
As Washington pushes banks to mend their finances, the banks are pushing back.
Any number of headlines Wednesday could knock stocks out of their side ways trading pattern, but the Treasury market is the one to watch as the Fed winds down its two-day meeting.
After 5 years at under-weight, a widely followed analyst upgraded the entire US banking sector. Why did he suddenly change his position?
Stocks surrendered earlier gains and fell modestly on Tuesday largely due to fresh worries that major banks may need to raise more money.
Stocks traded only modestly lower Tuesday, despite concerns that if major banks need to raise more money a financial hurricane may be brewing.
Early results of the stress tests suggest some banks might need billions more to survive. What does it mean for the market?
Art Cashin, UBS Financial Services director of floor operations, offered CNBC his take on Tuesday's market: The stress tests of the financials; the economic impact of Swine Flu; and yesterday's frightening public-relations error by the Air Force over the skies of NYC.
Citigroup is discussing its capital levels with the Obama administration — but the financial giant doesn't expect to need more government assistance, reports said Tuesday. But speculation continues to swirl around Citi and Bank of America. See David Faber's report here.
The swine flu epidemic remains a wild card, as no one is quite certain how far the epidemic will spread.
Forget politics. Cramer has a better way to judge the president's performance: stocks.
Concerns that the recent outbreak of swine flu could reach pandemic proportions dragged down the Dow and S&P Monday with investors hammering airlines, hotels and more.
Stocks bounced back from a swine flu-induced drop Monday as traders scooped up shares of drug makers and pharmacies.
Despite recent gains in the stock markets, many experts remained grim and skeptical about an economic recovery.
Hugh Johnson of Johnson Illington Advisors told CNBC that it's time to start buying stocks again. "Financial markets are sending a very clear signal: 'We've seen the worst, we're starting a bull market and all the right sectors are performing well.'"
The stress tests designed by the Federal Reserve and Treasury Department were made to assess a basic financial solvency measure -- the ability of these firms to weather a difficult economic storm. How will banks survive a potential greater downturn in the U.S. economy?
Stocks enter the week ahead locked in an intense tug-of-war between investors who hope the worst is over and those who expect more bad economic news to derail the market's rally.
Mutual funds and hedge funds hold two opposing views of the market right now. Cramer tells you who is right.
Stocks ended higher Friday after better-than-expected results from Ford but ended lower for the week, snapping a six-week winning streak. recovered Friday after a drop triggered by the release of the bank stress-test results.