Conflicting information about the outlook for technology has left many investors confused. The traders along with Juniper’s CEO sort it out!
All the major US indexes were up 4% or greater for the week, after closing roughly flat for the day on Friday. The Dow crossed and remained above 9,000 on Friday, posting its best 2-week percent gain since late March 2000.
And that’s just one stock in a sector that he thinks will continue to move higher.
Many companies have reported earnings that have surprised to the upside, but how will they perform for the rest of the year? Dan Genter, CEO of RNC Genter Capital Management shared his insight and investment strategy.
With the S&P closing at an 8-month high and above a former level of resistance, are the bulls about to take this market another leg higher?
As investors brace for the peak weeks of earnings, both the Dow and S&P marched higher on hopes that stability had returned to the financial system.
The current mid-summer rally will last until the end of August, but trading volumes will be light with many investors on holiday, Robin Griffiths, technical strategist at Cazenove Capital told CNBC Monday.
On a week where earnings dominated headlines with a strong performance by tech, the US markets rallied for the week, led by the Nasdaq Composite, up 7.44%. The NASDAQ pulled out 8-straight days of gains, for a gain of 8.04% in the past eight trading sessions.
Can IBM keep the good news coming with earnings after the bell tonight? Intel started all this, and there's every indication that IBM should help it continue.
By the closing bell stocks recorded their best three days of gains since the rally began in March. In fact the S&P 500 has gained 6.1% so far this week and it's only Wednesday.
Stocks closed sharply higher as a day-long rally gained steam after the Federal Reserve said the recession would end soon but that unemployment will continue rising.
Technology stocks rose more than 2 percent Wednesday following encouraging earnings, while a slew of economic reports fueled the notion the economy was showing stronger signs of a turnaround and boosted the broader market.
The Consumer Price Index was up .7% last month, while the core CPI rate, excluding energy and food, rose 0.2%. The consumer price index fell 1.19% in June from a year earlier.
As investors brace for a rollercoaster ride during the second-quarter earnings season, the dollar's weakness in the last three months could have played a key role for some multinational companies.
Stocks racked up their fourth straight down week Friday as a Chevron profit warning exacerbated earnings worries. Techs got a boost from an upgrade on the hardware sector.
On a week where GM emerged from bankruptcy protection, oil settled below $60 per barrel, and earnings season had its unofficial kick off with Alcoa, the US markets extended their losing streak to 4 straight weeks.
Stocks were mixed Friday as a Chevron profit warning exacerbated earnings worries but an upgrade on the hardware sector boosted tech stocks.
Options traders were bullish on Cisco Systems yesterday, apparently in early speculation over the networking technology giant's earnings report next month.
Stocks opened lower Friday as Chevron's earnings warning added to investors' worries about earnings and the economic recovery.
Futures pointed to a modestly lower open for Wall Street on Friday as Chevron's earnings warning added to investors' uncertainty on corporate earnings.