US stocks looked set to sink at the open Tuesday as investors fretted over the state of the banking industry and braced for what could be a dire first-quarter earnings season.
As we are now into the 17th month of this recession, many investors are looking forward to the breather coming from a shortened trading week. The markets will be closed for Good Friday and many others will be taking off on Thursday for the first day of Passover. But will the markets continue their rally when everyone returns to work on Monday?
At the start of this short market week, the pros focused on last week's market strength in the face of bad jobs numbers, this week's launch of earnings season, and the stress tests on banks, which are to be finished by the end of the month. Various combinations of outlooks prompted them to suggest, variously, that a bottom is being formed, or there could be another leg down before real recovery begins.
Following a 4-week rally the markets traded lower as of midday Monday, weighed by on-going concerns over the health of the financial sector. Despite four weeks of steep gains, financials, industrials, and utilities companies remain deep in the red year-to-date, recording losses over 10%. Which are the worst/best performing companies?
Many of the recent fixes in the financial sector are merely "window dressing" and problems still persist in the banking sector, says veteran baking analyst Michael Mayo.
US stock index futures pointed to a higher open Monday, following a bumper week for the major indexes, as investors looked to the next batch of corporate earnings results.
During a decade of easy credit and loose spending, American businesses built too many cars, houses, stores and factories. It turns out the country built too many restaurants, too. Some predict more than 20,000 restaurants will close over the next three years.
For the first time in what seems like forever, options trading is showing strong signs of interest in financial companies, and some long-awaited takeover talk in telecom.
It's been a long time since we had our President speak and the market rally, but we saw it on Thursday when President Obama had a news conference at the G-20 meeting and the market went up 50 or so points on the Dow Jones average.
Prospects for banks have improved significantly and one analyst is says now is a good time to buy into selected financials
What if you could put words in the Mad Money host’s mouth? What would you say? Here is your opportunity.
"This is a really big moment," says one investment pro. "The real question in my mind is if we are dragging the floor up."
Those who forget the past are doomed NOT to repeat it.
US stocks looked set to continue their positive start to the quarter and jump higher at the open Thursday, as investors will look for reassurance from global leaders at the G20 summit in London.
It was a mistake to take so much TARP money from the government and, unfortunately, it will take a while to pay back Ken Lewis, the chief executive of Bank of America, told CNBC Thursday.
US stock index futures pointed to a lower open for Wall Street after economic news showed steepening pressure in the jobs market.
Stocks closed out a tough quarter on a positive note, helped by gains in technology and big banks.
US stock index futures pointed to a higher open Tuesday, following a sharp decline in the previous session as investors digested the Obama administration’s tough stance on General Motors and Chrysler.
April 2nd could be remembered as a pivotal day in the financial crisis. That’s when regulators could decide whether to relax mark-to-market accounting rules.
Stocks fell sharply Monday as investors worries about the potential for bankruptcies in the auto sector and that some big banks are going to need a lot more bailout money.