Stocks ended the week in correction territory after a sharp selloff Friday as a disappointing jobs report and another possible debt crisis in Hungary intensified fears about the stability of the recovery.
Stocks remained lower after a report showed fewer jobs were added to nonfarm payrolls than expected last month. How should investors position themselves? Roy Williams, CEO of Prestige Wealth Management, and Michael Sansoterra, co-manager of RidgeWorth Large Cap Growth Stock Fund, discussed their outlooks.
The latest overall job loss numbers showed a gain of 431,000 jobs in May and an unemployment rate falling to 9.7% from 9.9% in April. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
The markets look choppy in the short-term but "there’s a feeling that we are forming a bottom" and there will be opportunities on the upside longer-term, said Richard Del Bello, senior partner at Conifer Securities. So where should investors put their money?
These Mad Money maxims should help generate the most money possible for your future.
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.
Stocks closed about a half-percent lower after a bargain-hunting rally collapsed late Wednesday, with traders booking gains from earlier in the day and refusing to give the market a vote of confidence.
Stocks were off their sessions high, pulling back after European markets closed but still positive after enduring days of whipsaw trading.
Stocks saw a turnaround on Wednesday as the Dow jumped almost 100 points in the first half-hour of trading, following a number of volatile sessions. Art Cashin, director of floor operations at UBS Financial Services, shared his market outlook.
Stocks erased most of their earlier losses in the final half-hour of trading Tuesday as materials and consumer discretionary stocks advanced.
A proposed increase in carried interest taxes could raise $19 billion over the next decade, but many business leaders find fault in the idea. Robert Johnson, founder and chairman of RLJ Companies, shared his insights.
Since reaching their highest levels of the year on April 26, all three major averages are officially trading in correction territory, defined by a decline between 10 and 19.9 percent. Here is a look at the biggest percentage losers.
Cramer makes the call on viewers' favorite stocks.
Stocks headed lower on Monday, continuing almost a month of losses. Is this a correction—and if so, how long will it last? Alan Lancz, president of Alan B. Lancz & Associates, and Ronald Carson, founder and CEO of Carson Wealth Management Group, shared their market outlooks.
US stocks declined over 4% this week, with the Russell 2000 and NASDAQ Composite leading the sell-off. During Friday's trading session, the CBOE Volatility Index rose to a 15-month high, while the Dow swung 279.71 points, dipping below the 10,000-mark, before erasing all of its losses to close up 125 points for the day.
Stocks erased early losses on Friday, defying market expectations for another big selloff, but struggled to hold gains. What should investors expect from the markets going forward? Paul Schatz, president at Heritage Capital, and Dirk Van Dijk, director of research at Zacks Investment Research, discussed their opposing views.
A massive sell-off on Wall Street Thursday thrust the stock market into an official correction. Now, some traders are warning that a bear market lies ahead.
The German government announced plans to ban naked short-selling at the country's 10 most important financial institutions on Tuesday. Bill Spiropoulos, CEO of CoreStates Capital Advisors, shared his insights on the new proposal.
Stocks fell Wednesday as Germany's move to ban some naked short-selling fueled a fresh wave of worry about financial regulation. The CBOE volatility index, spiked above 35.
True, we rallied off the lows, but I thought Tuesday's market action was terrible, says veteran trader Gary Kaminsky. Why wasn't the reversal bullish?