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U.S. stocks turned mixed Friday after one report showed consumer sentiment held steady this month and another showed personal spending fell for the first time in two years.
The markets have just turned positive, despite weakness overseas and disappointing Chicago PMI data. Keep in mind, the Dow hasn’t posted 2 consecutive days of gains in over a month.
Chevron's third-quarter profit beat market expectations, coming in at $3.85 per share, recovering from the low level a year ago, the company said on Friday.
Wall Street looked poised for a lower open Friday, tracking European stocks down, and after a report showed a decline in personal spending.
The massive ice jam around credit markets is beginning to show signs of thawing under the heat of government intervention. As investors are distracted by the wild gyrations in the stock, the credit markets this week are showing signs that a slow healing process may be taking hold.
In this Web Extra the traders reveal how they're playing a slew of earnings reports including Chevron, Clorox, NYSE Euronext and much more!
We have seen some amazing swings in the Dow over the past month but is there a pattern here?
The selling pressure across markets overnight is a tide that is sinking all boats, including oil and all commodities for that matter. If it can be sold, it is being sold, right now. In terms of oil, specifically, support levels that traders have looked to determine prices bottoms have been taken out in succession, over the past several months.
Stocks made a third attempt at a rally Thurdsay though techs took a beating amid worries about the outlook for the sector.
A rally spurred by bargain hunting fizzled Thursday as weakness in technology leaders offset strength energy-related companies.
Stocks wavered after an early pop Thursday as the latest batch of earnings and a disappointing weekly jobless report stoked recession fears.
Dan Genter, CIO at RNC Genter Capital Management, told CNBC that it is a good time for investors to put their money into the energy and financial sectors.
Stocks rallied to the finish line after another volatile session as signs began to emerge that credit markets may be defrosting. The Dow gained more than 400 points.
Stocks were higher in a wobbly session as investors digested remarks from Federal Reserve Chairman Ben Bernanke and Treasury Secretary Hank Paulson.
The Dow Industrials has shown some significant moves each day over the past two weeks. In fact, yesterday the Dow was up 10% from its session low to session high.
Stocks declined Wednesday as comments from Federal Reserve Chairman Ben Bernanke sent the already-rattled market to session lows.
There has been no let up on volatility this week. In the early afternoon, the Dow is trading at its session low today, down over 500 points.
As the Dow, S&P and NASDAQ chalk up some of the biggest weekly losses ever, how does that translate to dollar terms?
Stocks worldwide extended their slide even after Central Banks around the world coordinated emergency rate cuts earlier in the week in an effort to help unfreeze the credit markets, and soothe the financial sector. The Dow had its worst week ever in terms of points as well as percent drops, losing 1874 points or down 18.15%.
After trading in a 1,000-point range for the first time ever, stocks ended the day with a whimper, closing slightly lower amid hopes that the holiday weekend could bring good news.