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Stocks snapped a three-day winning streak Monday as traders cashed in some of their chips from last week's rally following some dismal reports on the telecom and financial sectors.
Stocks turned mixed Monday, the second day of trading in the new year, as a construction report came in much better than expected, as did U.S. auto sales. Stocks started off the day sharply lower as investors cashed in some of their chips after last week's rally that pushed the Dow up more than 6 percent and past the key 9,000 mark.
Stocks declined Monday, the second day of trading in the new year, after a rally last week that pushed the Dow up more than 6 percent and past the key 9,000 mark. A report that showed construction spending fell by half of what was expected helped shave some of the loss.
Wall Street looked set to open lower in the second day of trading of the year after Friday's rebound, with investors expected to take some profits following the Dow's rise to more than 9,000.
Everyone loves a winner. Following are the best performing stocks for 2008 for the Dow, Nasdaq and the S&P. But will they perform as well this year?
Stocks skidded as the unraveling of one of the biggest deals this year overshadowed gains in the energy sector.
Now that 2008 is just about over, here's a look at the top yielding stocks in the Dow that would make up your portfolio if you followed the popular Dogs of the Dow investment strategy.
"2008 was as rugged as it gets," John Merrill, CIO of Tanglewood Wealth Management, told CNBC, but if investors adhered to a proper asset allocation, it was "a considerably better process." So what's a proper asset allocation?
Stocks ended lower as the unraveling of one of the biggest deals this year overshadowed gains in the energy sector.
Stocks declined Monday as many investors were still away on holiday in this typically low-volume week between Christmas and New Year's.
Many comparisons have been made between the current economic climate and the Depression era. With the Dow and S&P poised to have their worst yearly performances since 1931, here's a look at what happened in the years that followed.
The final numbers for Q3 GDP came in this morning, showing the economy contracted by 0.5%. The forecast for Q4 is that it will drop significantly more. There are, however, areas of the economy that are growing...
Traders are banking on shares of Chesapeake Energy to move higher — but not for a few months. The oil and natural gas company reached a peak near $70 in July, but has fallen hard since then to about $15.25, after spending much of autumn between $10 and $25. Options activity on Monday is focused on the April 27.5 calls...
Following are the week’s biggest winners and losers. Find out why shares of Celgene and Goldman Sachs popped while Apple and Chevron dropped.
As the auto rescue package becomes a reality for GM and Chrysler, the markets end the week mostly in positive territory, led by small caps with the Russell 2,000 up 4% for the week, even as the auto rally fizzled late Friday. Volatility waned, with the VIX falling 17.23% this week, to close at 44.93 Friday.
President Bush, General Electric and oil all came together to kill the markets.
The Dow fell for the second day on Thursday after Standard & Poor's threatened to strip General Electric of its 'AAA' credit rating and slumping oil prices crippled energy shares.
Stocks declined Thursday as worries about General Electric's credit and the fate of the auto industry weighed on the market.
The Dow fell on Wednesday as investors continued to digest whether the Fed had any more ammunition left after its bold move on Tuesday...
Stocks closed lower amid worries about bank earnings and weak consumer spending on tech.