Stocks opened lower Tuesday after disappointing guidance from Texas Instruments.
Who said the IPO market was dead? Not if you have a hot product.
Existing home sales data and major earnings from McDonald's, AT&T, and Dupont, among others, will play a key role in driving stocks after Monday's slow drift in the market.
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.
I've heard a lot anecdotally about home equity lines being frozen for no apparent reason, so when I got this email from Charles in Chicago, I just had to post it. Citibank actually lowered his line of credit to $116 below his current balance.
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.
A Singapore state investment fund that bought multi-billion dollar stakes in beleaguered banks Citigroup and UBS, said a global financial crisis and recession was increasingly likely but that its investments in western banks were long-term in nature.
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.
Big banks topped this week's investing news as they continued to fight their way through the subprime mortgage mess. For some, like JPMorgan Chase and Citigroup, which both reported earnings this week, it meant continued writedowns.
Stocks rallied Friday amid hope that the worst is over for financials and after solid earnings from multinationals.
Whenever the stock market rushes full speed ahead, it is hard not to look for the big let-down. That could be the case in the week ahead... Major earnings reports, housing data, annual shareholder meetings, and Tuesday's Pennsylvania presidential primaries are what traders will be watching to see if the trend continues.
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Corporate earnings put investors in a buying mood and sent the Dow soaring. What's the "Word on the Street?"
For the week ending Friday, April 18, 2008 the US Markets ended the week rallying on earnings news. The Dow had its best week since Feb 1 and rallied 256.8 points on Wednesday and another 228.87 points on Friday, for its biggest point gains since April 1st.