Jim Cramer says the weakness in the oil market has caused this stock, and many others, to suffer.» Read More
Stocks got a quick pop from the better-than-expected July jobs report but the gains faded within the first 10 minutes of trading.
Significant losses in GM North America, the strike at American Axle, and continued losses at GMAC Financial were just a few of the problems. They say they have access to $26 billion in liquidity, and insist that they have enough liquidity to last through 2009.
The jobs data is the make or break number for markets Friday. The monthly data, reported at 8:30 a.m., is expected to show a decline of 75,000 non-farm payrolls and an unemployment rate of 5.5%.
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Jonathan Barratt, managing director of Commodity Broking Services, sees more upside to oil prices. He told CNBC that he believes oil prices could return to the $130- to $135-per-barrel level.
Oil companies are suffering from staggering crude prices -- and two analysts see buying opportunity.
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Stocks rose Wednesday after ADP reported an unexpected rise in private payrolls and the government announced two measures intended to boost liquidity and provide some stability to financial markets.
Oil was down last week, and we had some decent economic numbers on Friday, so the questions on everyone's mind is what groups might be overbought/oversold to play for a short-term bounce. The chief groups are energy and financials.
Like a sailing ship waiting for the wind to shift, the stock market could drift as it focuses on oil, economic data and earnings reports in the week ahead.
The world's five largest fully publicly traded oil companies are expected to, yet again, report record profits next week, thanks to high oil prices, even as investors fret over the recent pullback in crude.
Stocks remained fairly range-bound this afternoon, but finished slightly to the upside. The Dow’s 119-point range today is its narrowest in just over a month. However, many of the sectors that performed poorly yesterday continued to be disappointing today.
The next six months will be a buyer's market, Cramer says. Plus, more on XTO Energy, Wachovia, and the much-anticipated XM-Sirius merger.
Maybe Wall Street really is drunk. Somehow the Biblical parable ''the last shall be first and the first shall be last" is shaping up to be the dominant theme this earnings season. E.g., in the past two weeks, the Financial and Discretionary sectors have dominated the market...
Tropical Storm Dolly continued to strengthen slightly early Tuesday as it moved over the warm waters of the western Gulf of Mexico towards the Texas-Mexico border.
Stocks finished the day mixed, as disappointing earnings from Microsoft and Google dragged down techs, but gained 3.6 percent for the week, helped by a rally in bank stocks and a sharp drop in oil prices. Oil ended the week down 11 percent at $128.88 a barrel.
Volatility reigned as the Dow closed below 11,000 for the first time since July, 2006 on Tuesday, followed by a market rally and the biggest 3-day gain of the Dow since March, 2003.
Stocks closed with huge gains as drop in oil prices boosted sectors previously battered by energy costs. Financials also moved sharply higher.
U.S. oil major Chevron said on Tuesday production has been restored at its 120,000-barrel per day Escravos crude oil pipeline in Nigeria, nearly a month after armed youths sabotaged it.
Stocks finished sharply lower Friday as the market was rattled by concerns about the future of the nation's top mortgage-finance agencies.