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The Dow rose in choppy trade on Monday, with investors shrugging off a grim warning about the year ahead from Caterpillar.
Major indexes finished higher after a yo-yo session Monday, with banks ending mixed after several attempts at a rally.
Despite Caterpillar’s worst wave of layoffs since the early ‘80s, the company’s CEO remains optimistic on the global economy.
Wondering how the market could possibly be trading higher in the face of an incredibly dire warning from Caterpillar and another round of monster job cuts?
Stocks are modestly higher – but don’t let that fool you, as many companies reported that the sluggish economy is clearly taking its toll on their operations and will continue to significantly put pressure on their results this year.
Stocks rallied, led by banks, after a wobbly open Monday. The market also got a boost from a blockbuster pharma deal, which helped overshadow a gloomy outlook from Caterpillar and other earnings worries.
Stocks got a boost from a better-than-expected report on the housing market, which overshadowed Caterpillar's gloomy outlook and other earnings worries.
Another round of layoffs was announced by big-name companies Monday, adding to the gloom over rising unemployment.
Caterpillar posted fourth-quarter profit of $661 million, or $1.08 per share Monday morning, compared to $975 million or $1.50 per share in the prior year period. CAT, which also says it is will offer buyouts to 25,000 employees, dropped more than 8 percent five minutes after the open. Here's how I'm playing it!
Stock index futures pointed to a dip at the opening, despite a mega-deal brewing in the pharmaceutical sector.
In this Web Extra, the traders reveal how they're gaming earnings from McDonald's, Amgen, Caterpillar, Starbucks as well as the Fed Meeting and much more!
Looks like next week could be a big week for the markets.
Stocks ended a topsy-turvy week mixed as techs and banks rallied but about half of the Dow finished the day in negative territory.
Thank heavens, we are almost finished with earnings from financial companies, and starting Monday we will see earnings from many industrials and energy companies.
It's all about capital preservation right now, Cramer says.
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Technical analysis has its place, for sure. But there's a reason we think a stock's underlying business is more important.
Here's what the new president needs to do if he wants to get the American economy back on track.
The Consumer Price Index fell another 0.7% after having its biggest one month drop ever last November. The core rate, excluding energy and food, remained unchanged. Here is a breakdown of the inflation benchmark to show you where costs are falling most.
The market seemed to shrug off bad news from two major banks and Apple. So is the bottom?