After a rocky start, stocks barreled higher Tuesday fueled by a surge in techs and a report that showed new home construction unexpectedly jumped in February. Even banks posted strong gains.
Stocks struggled to hold gains Tuesday as investors were encouraged by a report that showed new home construction unexpectedly jumped in February but banks wobbled.
A surge in borrower defaults and unemployment pressures will make 2009 even uglier for banks than last year, analyst Meredith Whitney told CNBC.
Too many analysts are making too many calls. How on earth is anyone supposed to sort through the multitude of conflicting notes on the banks today?
Widely followed analyst Meredith Whitney has some new insights about the banking sector. What lies ahead?
Stocks struggled at the open Tuesday as investors were encouragd by a report that showed new home construction unexpectedly jumped in February but banks wobbled.
Cramer’s former punching bag seems to have made an inspired turnaround.
With the stock market unable to hold gains Monday, investors are wondering if the recent rally has any more room to go. One analyst suggests it's only just begun.
Stocks snapped their winning streak Monday after American Express reported that credit-card deliquencies rose in February. Techs were particularly weak amid worries about tech spending.
Those bullish on the domestic market continuing a slow recovery are betting it will be led as much by international investments as it is by the bread-and-butter companies that traditionally slay the bears.
Stocks advanced Monday as banks continued their winning streak and Federal Reserve Chairman Ben Bernanke's weekend remarks that the recession could end this year fueled some optimism. But weakness in big-name techs dragged on the Nasdaq.
The face of Wall Street undoubtedly changed forever last fall, with the Lehman Brothers bankruptcy, the Bank of America acquisition of Merrill Lynch, the government’s unprecedented 79.9% stake in AIG, and the shift of major investment banks (like Goldman Sachs and Morgan Stanley) to become bank holding companies. However, before all those stunning events unfolded in the fall, exactly 1 year ago today, JPMorgan Chase agreed to acquire Bear Stearns for $236 million or $2 per share – signifying the end to one of Wall Street’s most storied franchises.
On Monday President Obama asked for legal measures to block hefty bonuses awarded to employees of AIG...
Stocks opened higher Monday as banks continued their winning streak and Federal Reserve Chairman Ben Bernanke's weekend remarks that he expects the economy to start recovering next year spurred optimism.
Stock index futures indicated a higher open for Wall Street, with investors optimistic after Federal Reserve Chairman Ben Bernanke said he expected the economy to start recovering next year.
Why wouldn’t they? They’ve made a lot of money during this downturn. But that might be changing now.
Stocks went four for four Friday in a dramatic win that delivered stocks their best week since November.
Although the recent euphoria has waned somewhat, the market surged upward this week on hopes that the nation's leading banks were turning a corner.
Stocks opened slightly higher Friday amid some much-needed good news from banks.
As we get underway in the US, I have to think back to last week when US President Barack Obama told us all to go long equities. "Buying stocks is potentially a good deal if you have a long term perspective on it."