Stocks slid into home plate with a late rally that bumped the Dow up nearly 170 points as oil flirted with $100 a barrel and the market was abuzz with speculation that a resolution for Lehman Brothers could happen within days.
Stocks swung between positive and negative territory as investors grappled for a direction with oil flirting with $100 a barrel and the market abuzz with speculation that a resolution for Lehman Brothers could happen within days.
Cramer says we're on the verge of another Great Depression.
Stocks swung between positive and negative territory as investors grappled for a direction with oil bouncing higher after its brush with $100 a barrel and the market abuzz with speculation that a resolution for Lehman Brothers could happen within days.
Shares of some of Wall Street's most venerable names took a beating Thursday as concerns mounted that banks faced more serious troubles ahead
Despite the the bailout of Freddie and Fannie and Lehman's questionable survival, the S&P 500 Financials Sector is still up over 20% since hitting a low in mid-July. Will the Financials stay above their July lows or fall back with the latest news? Here is the latest data on how short interest has changed over the past few months and where bets are being made.
Plus, Cramer makes calls on Disney and the impact of hedge funds on commodity stocks.
Not enough: that's the general verdict of the Street on the Lehman announcement. They pre-announced a loss of $5.92. They're selling a majority stake in its investment management division and spinning off commercial real estate assets into a separate public company.
The Lehman Brothers CEO missed every chance he had to save his firm.
The Dow tanked on Tuesday, as concern about Lehman Brothers' ability to raise much-needed capital battered all the financials.
Lehman is expected to release third-quarter results ahead of time after its stock plunged as much as 40% on Tuesday.
Stocks skidded Tuesday as worries about the housing and financial sectors came back with a vengeance. Lehman plunged 45 percent, dragging the S&P to its worst percentage decline since early 2007.
The Dow got a little bump at the opening bell but fell off the cliff into a triple-digit decline after pending-home sales dropped more than expected. Adding to the uncertainty in the market, Lehman Brothers fell to its lowest level in a decade amid market buzz that the brokerage is going to be unable to raise the capital it needs.
Investors are snapping up mortgage-backed securities, corporate bonds and Treasuries , which are offering better yields than stocks.
The Dow got a little bump at the opening bell but pared its gains after pending-home sales came fell more than expected. There had been little conviction in buying Tuesday as enthusiasm waned over the bailout of Fannie Mae and Freddie Mac and worries about the economy returned to the markets.
Is the definition of companies that are “too big to fail” getting broader? Or are some industries simply more important than others?
Stock index futures pointed to a flat open for Wall Street as enthusiasm waned over the bailout of Fannie Mae and Freddie Mac and worries about the economy returned to the markets.
A number of U.S. banks stand to gain after the government takeover of Fannie Mae and Freddie Mac, Dick Bove, analyst at Ladenburg Thalman & Co., told CNBC.
Following are the day’s biggest winners and losers. Find out why shares of Citigroup and Disney popped while United Airlines and U.S. Steel dropped.
Financials helped the Dow pull off a nearly 300-point gain Monday but techs limped to the finish line as nagging worries about a global economic slump found their way back into the market.