The Dow eked out a gain on Wednesday which kept the index from breaking through the November 20 bear market low.
Stocks limped to the finish line Wednesday as broad strokes on the bank plan from Bernanke failed to comfort the market.
Plus, get Cramer's calls on the Goldman Sachs news, agriculture stocks and one combination wind power-housing play.
Housing starts were terrible, well below expectations (multifamily construction down 25 percent). The only good news is that 30-year mortgage rates dropped below 5 percent, according to the Mortgage Bankers Association.
Futures pointed higher Wednesday as investors looked to scoop up some bargains after the previous session's selloff and shrugged off another dismal housing data point.
The Obama Administration's plan to stem foreclosures and the Fed's latest view on the economy are two powerful catalysts for markets Wednesday.
Stocks tumbled to November levels Tuesday as investors faced a fresh sign of the deepening recession and dilution worries gnawed at bank stocks. Wal-Mart was the lone gainer on the Dow after the retail giant beat earnings expectations.
Futures are down in the U.S., European banks are weak in Europe, bonds are up, and gold and other precious metals are rallying; gold at $966 this morning is continuing its slow march to $1,000 an ounce. It briefly climbed over $1,000 in March of 2008
It may seem like the country that used to make everything is on the brink of making nothing.
The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.
More companies announced layoffs this week as the employment picture continued to dim. News Corp. became the latest victim of the weakening economy, announcing it is planning on cutting jobs after reporting a quarterly loss on Thursday.
More companies announced layoffs this week as the employment picture continued to dim. GlaxoSmithKline and Tiffany & Co. on Thursday became the latest victims of the weakening economy, each cutting an undisclosed number of jobs.
Where’s that infrastructure build-out we were promised? What about the job creation? Why is the new president’s stimulus package such a disappointment? China got it right.
Caterpillar is seeing heavy options activity as its stock trades moderately higher Wednesday. Calls outnumber puts by a 3-1 ratio and are concentrated at the February 33 strike, where contracts were bought for $0.77, $0.80, and $0.81. Some May 40 calls also traded for $0.88, according to OptionMonster's real-time tracking systems.
More companies announced layoffs this week as the employment picture continued to dim. Clorox, Time Warner Cable and Fidelity National Financial were among the latest names on Wednesday to announce job cuts.
Another day, another round of corporate layoffs. Liz Claiborne and PNC Financial Services became the latest companies to announce job cuts on Tuesday
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan, while a big Wall Street firm has further job cuts in store, according to reports.
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan and the economy.
More companies announced layoffs on Thursday as the employment picture continued to dim.
More companies announced layoffs on Tuesday as the employment picture continued to dim.