Stocks struggled to hold onto gains in a see-saw session Tuesday as investors cheered a pair of encouraging U.S. manufacturing reports but many worries still nagged at the market.
With the Dow Jones Industrial Average posting its worst May since 1940, where will the stock market head for the rest of the year? Steven Stahler, president of Stahler Investment Group, and Harry Clark, president and CEO of Clark Capital Management, shared their insights with CNBC.
Investors are overreacting to the effects that the Deepwater Horizon oil spill will have on BP's share value, sending the company down more than half of its true value, a JPMorgan analyst said Tuesday.
Gas prices could climb higher than $5 a gallon by 2012 and oil companies could move exploration to other countries if the Obama administration’s suspension of offshore drilling continues for six months, John Hofmeister, a BP consultant and former Shell executive told CNBC Tuesday.
Stocks erased their losses Tuesday after a pair of encouraging U.S. manufacturing reports.
Risk aversion continues to be at the center of attention to kick off June. Following the Dow’s worst May since 1940, U.S. stock futures were notably weaker this morning. Also weighing on the European markets: political instability as Germany’s President Hoerst Koehler resigned and worries over future downgrades of European debt.
As effort after effort to stop the giant leak in the Gulf of Mexico fail, we want to know where you think BP will stand one year from now. Share your opinion in our poll.
US stock index futures indicated a sharply lower open for Wall Street on Tuesday, with European markets also struggling, following an aggressive sell-off last week which served as a harsh end to the Dow's biggest May point drop in history.
BP’s stock price has plummeted over the past month, sparking talk on whether it is vulnerable to a takeover. But given the massive uncertainty surrounding the costs of the oil spill, BP may prove to be a cheap, but messy target, analysts told CNBC.com.
Unable for six weeks to plug the gushing oil well beneath the Gulf of Mexico, BP renewed an effort to use a dome to funnel some of the leaking crude to a tanker on the surface, the NYT reports.
The Obama administration is scrambling to respond to the failure of the latest effort to plug the gushing oil well in the Gulf of Mexico amid fears that the leak could continue until August. The NYT reports.
BP resumed pumping drilling fluid into a stricken oil well after stopping late Wednesday when engineers saw that too much of the fluid was escaping along with the leaking crude oil, the NYT reports.
After failing again to cap the Gulf of Mexico oil well, BP scrambled Sunday to end the spill that one official called the biggest US environmental disaster ever.
Wall Street may finally shift its focus back to the U.S. economy, after weeks of zeroing in on problems in the euro zone. The big report of the week? Friday's May employment number, which could be a game-changer.
Friday markets ended with a precipitous selloff that made for the worst May since 1962 and worst month in general since November 2008. Are US markets headed for recovery, or is a double-dip in the works? CNBC heard from expert economists, strategists and investors. See what they had to say...and decide for yourself.
On a week that saw Apple surpass Microsoft in market cap, the BP oil spill continue to impact the ecosystem and drillers, Spain lose its AAA rating, and the worst May performance for the Dow since 1940, and the S&P since 1962, the major indexes managed to end the week on a positive note, except for the Dow which closed down slightly.
Sellers dominated May with the Dow's total monthly loss totaling 8%; that's the worst May drop since 1940. Are we in for a cruel summer?
Wall Street limped to the finish of an ugly May, dropping on European debt fears and lackluster economic news, though stocks were well off their lows heading into a holiday weekend.
Given the recent Gulf oil spill and the company's response...
To no one’s shock or awe, President Obama reversed his decision from two months ago to allow oil drilling off the Virginia coast. In his press conference yesterday the president also extended the moratorium on new deepwater drilling permits for six months and postponed Shell’s plan to drill exploratory wells off the Alaska coast.