Stocks started the week off higher, led by financials and technology stocks. RIMM and MBIA rose, while HP declined.
Stocks started the week off higher as the dollar rose to a two-month high and oil receded. MBIA bounced despite reporting an astouding quarterly loss.
Morgan Stanley said on Monday it has raised a $4 billion infrastructure fund, exceeding its target, and is targeting investments in sectors like transportation, energy and utilities.
For the week ending Friday, May 9, 2008, the U.S. Markets were negative for the week, with the Dow falling more than 200 points on Wednesday, making it the biggest point drop since 4/11/08.
Stocks bounced back from the prior session's slide, led by techs and materials, as techs staged a rebound and materials benefited from higher metal prices. Better-than-expected retail sales also buoyed the market. Financials declined after federal regulators proposed increased oversight of investment banks.
A New York state judge said Wednesday a dispute over financing the $20 billion buyout of Clear Channel Communications would go to trial on a breach of contract claim filed against six banks, according to a court filing.
Stocks closed higher as optimism prevailed, even in the face of $122-a-barrel oil. Techs got a boost from speculation that a deal between Microsoft and Yahoo is still possible.
Stocks declined as oil surpassed $122 a barrel and Fannie Mae delivered disappointing results.
Stocks declined as oil surpassed $122 a barrel and Fannie Mae delivered disappointing results.
Stocks opened lower Tuesday as oil again topped $121 a barrel and Fannie Mae posted a third straight quarterly loss.
Stocks declined as the market pendelum swung back the other way, sending oil prices to a new high and early cyclicals such as financials and retail lower. Yahoo plunged.
Stocks declined, with General Motors dragging on the Dow amid news of another strike and Yahoo weighing on technology stocks.
For the week ending Friday, May 9, 2008, the U.S. Markets were negative for the week, with the Dow falling more than 200 points on Wednesday, making it the biggest point drop since 4/11/08.
It's finally happening. The "long commodities/short dollar" trade that has been the primary trade for the past three months is clearly in the early stages of unwinding, and stock traders could not be happier. Money is leaving commodities and energy, and going to tech stocks and financial stocks.
As of this morning, 292 (just under 60%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
The board of Britain's HBOS meets on Monday amid growing speculation the mortgage bank is set to announce plans for a rights issue of shares of up to 4 billion pounds ($7.9 billion) to shore up its capital base.
A New York state judge on Thursday made no immediate ruling on a group of banks' request to dismiss a lawsuit seeking to force them to fund the $20 billion leveraged buyout of Clear Channel Communications.
As of this morning, 143 (just under 30%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
The Federal Reserve won't change course on quantitative easing this week, Steve Weiss of Short Hills Capital says.
Tuesday, 18 Jun 2013 | 7:10 AM ETAn airline passenger records a Chinese cargo handler as he tosses boxes of something on to and off of a conveyor belt for shipment. Hopefully, the cargo was packed well.
Tuesday, 18 Jun 2013 | 9:33 AM ETPlans to take PC maker Dell private by leveraging the company's balance sheet are misguided, CNBC's Jim Cramer said on "Squawk on the Street" Tuesday, because the company is facing lower margins and an increased competition from rival Hewlett Packard.