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Stocks wobbled Tuesday after a report showed existing-home sales fell more than expected in May. Comments from Bernanke and a $2 drop in oil prices offered the market some support.
The S&P 500 finished within 1 point of the level that would confirm it is in a bear market. The Dow and Nasdaq are already trading in bear territory. What's the "Word on the Street?"
Stocks whipped back to positive territory on a seesaw day for Wall Street, which was dominated by a large dumping of financial shares and a drop in oil that staggered large energy producers.
Stocks moved out of bear territory Monday as oil retreated more than $4 a barrel, easing inflation fears, and technology got a boost from two of its largest companies.
NBC Universal, along with investment firms Blackstone Group and Bain Capital, will acquire The Weather Channel properties.
Merrill Lynch will decide whether it will sell its stake in BlackRock early this week, CNBC has learned. Merrill also held preliminary talks with Bloomberg about selling its 20 percent stake in the financial data and news provider.
BlackRock Vice Chairman Robert Doll says the negativity in the market has reached enough of a fevered pitch to signal a buying opportunity.
Wall Street is bracing for a big round of second-quarter earnings reports that few expect to deliver good news for the state of corporate America.
Merrill Lynch may incur $5.8 billion of writedowns in the second quarter, said Oppenheimer analyst Meredith Whitney, who also forecast a loss for the world's largest brokerage for the period.
Monday marked the last day of a dismal second quarter and first half. Here are the day's video highlights.
Merrill Lynch CEO John Thain is now seriously considering selling all or part of the firm's 49% stake in BlackRock to raise capital, CNBC has learned.
Rumors of an impending profit-warning and further writedowns sparked a selloff of Merrill Lynch shares and other financial stocks Friday.
Investment banking's so-called "trillion-dollar man" says he's undecided about whether brokerage stocks are bargains, despite their current low prices.
Merrill Lynch is growing more likely to raise additional capital, and will likely post a modest loss in the second quarter, according to an analyst at Lehman Brothers.
Lehman Brothers Holdings CEO Richard Fuld is actively listening to offers, including a possible bid by private-equity firm Blackstone for a 20% to 30% stake, CNBC has learned.
Stocks dropped sharply Wednesday as oil prices recovered from previous losses.
Merrill Lynch CEO John Thain said on Wednesday that if it raised more capital, it would consider selling its stakes in news and financial data company Bloomberg and money manager BlackRock.
Ben Steverman cautions investors not to paint financial stocks with a broad brush. He urges investment hunters to look at these "non-toxic" financial stocks.
Stocks struggled to hold gains Tuesday as bank stocks rallied but comments from Bernanke hung over the market like a cloud. Oil dropped more than $3 to settle at $131.31 a barrel.
Stocks ticked higher Tuesday as the rally started in bank stocks and then filtered into the broader market.