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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.
Certainly it has been a rough year for the markets. Exactly one year ago today, the Dow Industrials and S&P 500 both closed at record highs. Since that day, the Dow has plummeted nearly 5,000 points, and the S&P has dropped a more impressive 600 points.
Watch for more triple-digit market moves Thursday. Stocks could just as easily be up as down if you look at Wednesday's action. Even after major central banks joined the Fed in an unprecedented global rate cut, stocks ended lower after a volatile 400 point swing in the Dow.
The Dow pared its massive loss in the final hour of trading Monday after fear that the credit crisis is spreading rippled through world markets. The blue-chip index ended down about 370 points, after being down as much as 800 at one point.
The Dow dropped below 9,600 Monday after global markets took a pounding amid fear that the credit crisis is spreading around the globe.
The Dow dropped below 9,900 Monday after global markets took a pounding amid fear that the credit crisis is spreading around the globe.
All major U.S. Indices end the third quarter on a historic note. The Dow and S&P 500 had their fourth consecutive quarterly drop, tumbling 4.40% and 9.01% respectively. The NASDAQ Composite fell the most among the major Indices for the quarter, down 9.19%.
The House rejected the Wall Street bailout bill and the market screamed, selling off frantically until the Dow was left with its biggest one-day point drop ever. "This is panic and ... fear run amok," Zachary Karabell, president of River Twice Research told CNBC. "Right now we are in a classic moment of a financial meltdown," he said.
The market screamed as the House vote on the Wall Street bailout bill teetered on the edge of a cliff — and then fell off. At one point, the Dow was down more than 700 points -- its second biggest intraday move on record.
Stocks fell sharply Monday as fear rippled through the market with cracks starting to show in the global financial system and a House vote on the Wall Street bailout bill due later today.