The "Fast Money" traders share their final trades of the day.» Read More
Stocks dropped mid-morning as oil is spiking just shy of $120. At this point, oil is a major drag on the markets. Speaking of stocks: we are about one-third through with first-quarter earnings, and it is not shaping up to be a great start.
Stocks opened lower Tuesday after disappointing guidance from Texas Instruments.
Bank of America said Tuesday it plans to stop offering some riskier mortgage loans after it finishes buying Countrywide Financial, the largest U.S. mortgage lender.
Asian markets came under pressure on Tuesday after U.S. stocks pulled in a mixed performance. Investors sold financials following weak earnings from Bank of America.
The Dow pulled back Monday after a weaker-than-expected profit report from Bank of America stirred concerns about the health of corporate earnings. What's the "Word on The Street?"
Texas Instruments just reported earnings in line. Guidance for the second quarter is weak, 42-48 cents per share, estimate is 48 cents. Down about 2 percent after the close. For today's trading, it could have been worse -- particularly in financials.
Stocks close mixed as quarterly results from Bank of America and National City fueled worries about bank earnings, while energy and tech gained.
Will April break the losing streak? The S&P is up 5 percent so far in April; but look what it's done the prior five months:
The dollar fell broadly on Monday after weaker-than-expected Bank of America profits damped investors' initial optimism that companies may escape the pinch of the crisis in global credit markets.
Stocks started the week lower, hurt by more uncertainty in the banking industry and earnings report that left investors wary after coming off a strong rally last week.
Monday has not been a great day for bank earnings. Last Monday it was Wachovia that disappointed, today futures dropped at 7 am ET as Bank of America came short of expectations.
Bank of America, the largest U.S. retail bank, said quarterly profit fell a larger-than-expected 77 percent, dragged down by more than $5 billion of write-downs.
Stock index futures pointed to a lower start for the week as the first wave in a big week of earnings reports left investors wary.
Bank of America plans to shed part of its 9 percent stake in China Construction Bank in order to raise capital while at the same time looking to exercise options to buy more shares at below-market levels, the Financial Times reported on Monday.
Investors will have seen enough corporate results by the end of the week to determine if the recent string of encouraging earnings was a real sign stocks can weather the credit crisis.
Signs of renewed confidence in the U.S. financial system could support the dollar next week, provided March's housing reports do not revive chances of a steep interest rate cut.
New York's attorney general and securities regulators in several U.S. states are probing auction-rate securities and the role Wall Street firms had in enticing investors into the troubled $330 billion market.
JPMorgan Chase is still hunting for regional banks to take over, Chairman and Chief Executive James Dimon said Wednesday.
Hedge Fund SRM Global Master Fund is buying more Countrywide shares. The fund has boosted its stake from 32 million shares, to 47 million, or slightly more than 8 percent of shares. Most of the shares were bought in the last few days, at prices ranging from $4.83 to $5.69--so they've made some money, lost some money.
Several U.S. regional banks reported better-than-expected quarterly results Tuesday, and expressed confidence they could withstand soaring credit losses as the nation's housing market and economy slump.