U.S. stocks rallied for the second straight week, with all three major U.S. indices reaching a new intraday high for 2009 on Wednesday.
More than 30 years ago, the folks at DuPont brought Kevlar to the market -- a lightweight, shock absorber that's most identified with bulletproof vests and car bumpers. Over the years, its applications have gotten more creative, but one company called Unequal Technologies is relying on the material to change how sports are played.
On a week where the Dow closes above 10K, gold tops $1,100 and unemployment hits 10.2%, the markets shrug off negative data to end the week up over 3%.
Stocks ended mixed Wednesday as a post-Fed rally fizzled. Stocks had opened higher as investors cheered some encouraging readings on the economy, then swung in about a 50 point range after the Fed's statement, before finishing narrowly mixed.
Stocks rallied Wednesday after the Fed's statement. The market had been higher before the statement as investors cheered some encouraging readings on the economy, then swung a little right after the statement before barreling higher.
The S&P 500 and NASDAQ Composite broke 7 months of consecutive gains to finish October in the red. Here is a look at this month's market statistics.
On a mostly negative week for the markets, where tech outperformed and the NASDAQ 100 was the only major index positive for the week, the Dow finishes in the red to close below the 10,000-mark on Friday.
With Microsoft's earnings report this morning, two thirds of the Dow 30 have now reported. Here is a summary of how things stand in terms of EPS and revenues.
Stocks advanced Wednesday as investors were encouraged by a few earnings reports, including Morgan Stanley, Yahoo and SanDisk. The VIX, widely considered the best gauge of fear in the market, dropped to just above 20.
Stocks opened lower Wednesday as a raft of companies beating earning estimates but failed to impress investors.
Could temporary become permanent? Earnings this quarter are coming in better than expected. As of Monday Reuters reported that 79% of those companies that had reported beat expectations.
Stocks retreated Tuesday after several earnings reports beat expectations but economic numbers missed their targets. The Dow shed more than 50 points, or 0.5 percent, but still held above 10,000. The S&P and Nasdaq each lost about 0.6 percent.
The earnings parade continues for the third quarter. Add Apple, Caterpillar and DuPont to the list of companies that have beat the analysts' estimates in the third quarter.
Currencies may play a role in the global economic recovery down the road, but in the short-term, the relationships among major currencies won't impede a rebound, said John Lipsky, first deputy managing editor of the International Monetary Fund.
Stocks retreated Tuesday after several earnings reports beat expectations but economic numbers missed their targets. Apple and Caterpillar surged after their earnings blew past forecasts.
Topline beats take back seat to positive 2010 commentary. Six big names beat earnings estimates: Apple, Coke, Pfizer, United Technologies and Caterpillar all beat on the bottom line.
Futures were poised for a modestly higher open on the strength of more earnings surprises from some of Wall Street's leading companies.
U.S. stocks managed to close the week in positive territory, up about 1% or greater. The Dow Jones industrial average settled above the 10,000-level twice this week, reaching its highest close in a year.
The Dow topped 10,000 on Wednesday, but Art Cashin, head of floor operations at UBS, said he'll continue to approach the market with caution.
Following my post earlier this week on the highest yielding stocks in the Dow, here is a deeper look at the dividends of the S&P 500.