New highs brings little excitement. The S&P 500 and the NASDAQ are sitting at highs for the year, but why doesn't it feel like it? Is it the light volume, the low volatility?
The Nasdaq's 50-day moving average crossed over its 200-day moving average last week. Expect the same for the Dow and S&P in the days ahead.
It isn’t the CEO’s visit to Capitol Hill, by the way. Find out why this stock may be the market’s most compelling buy.
After stocks took a quick dip following the latest Treasury auction, markets resumed their ascent on Thursday. At first glance, the auction results sent investors out of stocks and into the relative safety of bonds; but after further consideration, they jumped back into stocks. Read and listen to what the pros had to say…
Stocks racked up gains across a wide range of sectors on Thursday, boosted by rising commodity prices, improving labor market conditions, and a pullback in Treasury yields.
In answers to questions about the deal in the days following its announcement, Lewis defended the price BofA agreed to by saying the firm viewed Merrill as a world class asset that competitors might try to swoop in and buy and so BofA needed to pay a sufficient price to lock it up.
Did the Federal Reserve’s Ben Bernanke lie about pressuring the Bank of America not to back out of the Merrill Lynch merger? BofA spacer CEO Ken Lewis made this charge to New York AG Andrew Cuomo, and basically repeated it with a bit of sugar-coating in a House hearing today on Capitol Hill.
Stocks advanced Thursday, but ended well off their earlier highs, amid weakness in techs and consumer discretionary as oil topped $73 a barrel.
Bank of America's Ken Lewis testified at a heated U.S. House committee hearing on the Merrill Lynch acquisition. Anthony Polini, bank analyst of Raymond James & Associates, said the hearing is more of a clearing of grievances...
Stocks remained higher Thursday but pulled back somewhat after strong demand for the latest 30-year Treasury auction.
Forget fundamentals, it seems momentum is taking the market higher. If you don't get in now will you miss the move entirely?
Foreclosure filings in May dropped 6 percent from April — but were still up 18 percent from May 2008. Meanwhile, sales at U.S. retailers rose in May and initial jobless claims fell for a fourth straight week. Art Cashin, UBS Financial Services director of floor operations, offered CNBC his market insights.
The Republican Party blueprint for reform would strip the Federal Reserve of significant powers, create a single banking regulator, establish a special bankruptcy code to handle the collapse of too-big-to-fail non-banking firms and promises "no more bailouts."
Stocks opened slightly higher Thursday after reports showed jobless claims fell last week and retail sales ticked higher in May.
Stocks opened slightly higher on Thursday after reports showed jobless claims fell by 24,000 last week to 601,000 and retail sales ticked higher in May. Bond yields will also be in focus today as the results of the government's 30-year Treasury auction are due out at 1pm ET. Experts weighed in on the above and more. Read and listen to what they had to say…
Despite the somewhat encouraging set of data, futures drifted a bit lower as traders became more concerned with the move in 10-year Treasury yields, which briefly rose above 4 percent again earlier this morning.
Futures wavered Thursday as a quick pop after the surprise drop in jobless claims fizzled out.
Broker-dealer Keefe, Bruyette & Woods upgraded Bank of American to "outperform" Thursday and also boosted its price target on the stock to $16.50 from $12, Reuters reported.
Stocks declined, but ended well off their intraday lows on Wednesday after the 10-year Treasury auction, which had a much higher yield than expected. Stocks had opened higher after Home Depot raised its outlook, but those gains quickly faded as the jump in oil prices and sharp rise of lending rates spurred worries about key components of the economic recovery. Read and listen to what experts had to say…
Worries that rising interest rates could put a damper on consumer and business spending dragged down both the Dow and S&P on Wednesday.