Stocks added to an already strong session following an auction on seven-year Treasury notes that heightened a sense of economic optimism.
The so-called stress test for banks should not only prove which financial firms are stable — but should go a long way toward shoring up investor trust in financial stocks. So said Jeremy Siegel, professor of finance at Wharton School at The University of Pennsylvania.
The Dow rallied late day Wednesday as upbeat housing and durable goods data fueled hopes that the low point in the current economic downturn may have passed.
Stocks ended higher Wednesday as a surge in the final minutes of trading pushed all three indexes in positive territory.
A strange day, full of mixed signals. Strong economic news early on from new home sales and durable goods.
Moody's Investors Service lowered the senior debt rating of Bank of America from A1 to A2. It also Lowered the senior subordinated debt rating to A3 from A2, and the junior subordinated debt rating to Baa3 from A2.
So traders were again buzzing this morning over word that Ken Lewis, in an interview with the LA Times, said he wanted to repay the $45 billion Bank of America got in TARP money beginning next month.
Art Cashin, UBS Financial Services director of floor operations, offered CNBC his outlook for Wednesday's market.
Stocks advanced Wednesday after a pair of better-than-expected economic numbers. New-home slaes rose more than expected and durable-goods orders unexpectedly rose, snapping a six-month slide.
A journalist is nothing without sources. And the Mad Money host has some of the best in the business. That’s how he protected you from the worst downturn since the Great Depression.
Hedge funds and mutual funds have reconsidered their bearish sentiments now that the market is turning. Retail investors, take note.
If angry investors have their way Bank of America CEO Ken Lewis will soon find himself among the ranks of the unemployed.
Stocks ended a choppy session sharply lower Tuesday as investors regrouped after the prior session's blockbuster rally.
Key Democratic lawmakers are pushing legislation that would block creditors charging high interest rates on credit cards from collecting from consumers in bankruptcy proceedings.
Stocks retreated Tuesday, despite good news continuing from the banking sector, as investors took a breather after Monday's surge.
Markets have been performing well in the past few days in response to numerous economic data—but can we really trust that this is the bottom? Two strategists, Harry Clark of Clark Capital Management Group and Joe Clark of Financial Enhancement Group, discussed their views on CNBC.
David Rosenberg and Richard Bernstein are leaving their macro research positions at Bank of America/Merrill Lynch, the firm announced Tuesday.
After about a decade where real wages for most American stagnated and the rich got richer, the public waited until now, with the Western financial system in ruins, to break out the torches and the pitchforks.
US stock index futures pointed to a lower open for Wall Street Tuesday after Monday's rally, despite good news continuing from the banking sector, with fears over the health of the world economy resurfacing and investors locking in some gains after the previous session's jump.
These companies will tell us whether or not Monday’s rally was real.