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Stocks pared their losses Tuesday as a sharp rise in crude inventories sent oil prices lower, offsetting disappointment in Freddie Mac's results.
Stocks declined Tuesday, led by banks, after Freddie Mac posted a loss that was much wider than expected and announced plans to slash its dividend.
Stocks failed to capitalize on the momentum of Tuesday's 330-point Dow rally, opening slightly lower Tuesday on disappointing earnings news and an uptick in oil prices.
A wild day on the market today, as it opened strong and got stronger. The Federal Reserve decided not to change the interest rate and this contributed to the rally. Commodities continued to pull back for a second day.
Cisco Systems reported earnings and sales that edged analysts' expectations, and the company's shares moved higher in extended trading.
Bond experts discuss the Fed's rate decision and an analyst feels optimistic about Cisco's earnings numbers. Following are today's top videos:
Analyst Mark McKechnie at American Technology Research tells me Cisco's results are a "good, clean, solid quarter," pointing to inline gross margins of 65.2 percent, lower expenses, a slightly lower tax rate, and tellingly, a "strong book to bill despite worries about economic weakness."
It's always a crapshoot what comes out of Cisco Systems' CEO John Chambers' mouth, and he's in the rare position of being able to utter a single word or phrase that could buoy or blast an investor's portfolio.
Is it possible that comments from Cisco's John Chambers after the bell on Tuesday will trump the comments from the Fed?
It's the Fed's turn to sway the markets Tuesday, but stock traders will keep their eyes on the volatile oil and commodities markets.
Jon Hilsenrath, money and investing editor at The Wall Street Journal, offered CNBC his weekly "Five for Five": the five stocks investors must watch this week.
The main event this week is the Fed meeting on Tuesday and investors will tune in to see if Bernanke & Co. offer any insight on inflation. Plus, more earnings, including Cisco, P&G and AIG.
Expect tech investors to absolutely scrutinize the news out of Silicon Valley next week as Cisco reports earnings.
Stocks started the month off with a decline as a rise in oil and larger than expected loss from General Motors rekindled worries about the economy.
If such a thing exists this year, here's the stock to play it.
Here's our Fast Money Final Trade. Our gang gives you Monday's best trades, right now!
The Dow finished only modestly higher on Friday after better-than-expected consumer sentiment and falling oil prices failed to really ignite investor optimism.
Stocks pulled off modest gains Friday as enthusiasm for some better-than-expected economic reports outshined a warning from S&P of a possible downgrade on Fannie Mae and Freddie Mac.
For the week ending Friday, July 25, 2008, the markets closed mixed for the week, on negative housing data, and mixed earnings results. An early rally in financial and airlines stocks, supported by the continued slide in oil prices, was quickly wiped away by ongoing uncertainty in the economy. The Dow dropped more than 280 points on Thursday, marking the worst one day point drop in over a month. However, Friday saw a slight rebound on strong durable goods and a bounce back in consumer sentiment. Only the Nasdaq finished slightly up 1.2% for the week. The Dow and S&P finished down 1.09% and 0.23%, respectively.
Jill Smart, an Accenture executive, was skeptical the first time she stepped into her firm’s new videoconferencing room in Chicago for a meeting with a group of colleagues in London. But the videoconferencing technology, known as telepresence, delivered an experience so lifelike, Ms. Smart recalled, that “10 minutes into it, you forget you are not in the room with them,” The New York Times reported.