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Stocks jumped on Wednesday, rebounding from a two-month low, after a surprisingly healthy earnings report from IBM fueled optimism...
Stocks clawed their way back from a midday rout as banks surged and investors relaxed after the Treasury Secretary nomination hearing ended.
New reports that home builder Toll Brothers announced they were offering a 30-year fixed rate mortgage for 3.99 percent, a full percentage point below the current rate.
Even when your prediction about a stock is wrong, a good options strategy can protect you where a pure-stock play can’t.
Predictably, it was led by financials. The Bank Index rallied 12 percent after dropping 19.7 percent yesterday.
Stocks clawed their way back after paring earlier gains amid worries about the confirmation hearing of the Treasury Secretary nominee.
More companies announced layoffs as the employment picture continued to dim.
As we prepare for US Treasury nominee Tim Geithner's confirmation hearings before the Senate Finance committee, we have already got a taste of what is to come, says Andrew Busch.
Stocks opened higher Wednesday as investors hope President Barack Obama's economic team will bring clarity to the markets.
U.S. stock index futures pointed to a higher open for Wall Street Wednesday as investors hope President Barack Obama's economic team will bring clarity to the markets.
Even before they have settled into their new jobs, President Obama’s economic team faces an acute crisis in the nation’s banking system that has no easy answers and that they are not yet prepared to address, the New York Times reported.
Conventional wisdom suggests financials will lead the market higher. But can stocks advance without them?
Financial stocks are seeing huge options activity Tuesday, led by State Street, which is down roughly 50 percent after reporting a 71 percent drop in fourth-quarter earnings. Options volume for STT was six times normal this morning. Also: Options action looks at PNC Financial Services, Bank of America and JPMorgan.
Wall Street ushered in the Barack Obama presidency with a substantial drop in the Dow, amid fresh signs the global bank crisis is far from over.
The Dow ended below 8,000 for the first time in two months as bank stocks took a beating over profit worries.
Stocks paused briefly as Barack Obama was sworn in as the 44th president but resumed their slide as banks took a beating over profit worries.
While Obama takes the oath, all eyes in the markets will be on the financial sector following RBS's monster loss announcement in the UK.
Even on Inauguration Day, companies continued to announce layoffs, reinforcing the challenges facing Barack Obama.
U.S. stock index futures failed to match the buoyant mood across the country Tuesday as concerns over the weakening economy remained despite the inauguration of President-elect Barack Obama.
Bank of America may slash as much as 4,000 jobs in its capital markets units starting this week, the Financial Times reported on its Web site quoting executives familiar with the matter.