For the week ending Friday, May 30, 2008, the markets finished up, with all major indices increasing ~1.3% or higher for the week. Only the Dow declined for the month, shedding 1.42%. The NASDAQ reached its third consecutive monthly gain , up 4.55% for the month. The markets were encouraged by better than expected earnings from retailers and strong results from Dell. U.S. GDP for 1Q also helped lift stocks up, as it rose 0.9% at an annual rate , better than the previous estimate. Crude Oil also retreated to lower levels.
Stocks closed higher, led by technology shares, ending the a holiday-shortened week in the positive.
To give investors an edge, CNBC asked the market experts where investors should be placing their bets ahead of the weekend.
Stocks moved higher on positive earnings in technology and a report that inflation appeared to be moderating.
Uncertain times call for creative, careful investing. That's what Jeff Layman of BKD Wealth Advisors preaches.
Dell shares were trading higher before the market's open on strong earnings and an upgrade to buy from Merrill Lynch.
Dell up 8 percent pre-open on a stronger than expected report. But oil is up, bonds are reversing their recent decline, and other metals like gold and copper are up slightly today, though a modest dollar rally continues.
Stocks were set for a positive open, as Dell boosted tech futures and the market awaited numers that would help clear up the inflation picture.
Nearly 2.1 billion shares and $34 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Stocks could close out the month of May with a tailwind, particularly if the commodities sell off continues.
Matt writes, “I bought Amylin today. What should I set as my target sell point?"
Oil dropped $4, Dell posted a higher-than-expected profit, and Google's paid-click growth surged in April. What's the "Word on the Street?"
Dell reported a profit and sales that outstripped analysts' forecasts, vaulting its shares higher in after-hours trading.
Just a few weeks ago, Dell shares sank to a six-year low. Since then, the stock has popped up 19%. Will this afternoon's earnings report add more momentum to Dell's rally?
With Dell focused on a turnaround, ahead of earnings Thursday how should you trade the computer maker?
In Friday's Web Extra, the traders reveal how they're trading Coscto earnings, Dell's upgrade and more in the week ahead.
Following are the day’s biggest winners and losers. Find out why shares of Wendy's and Dell popped while Moody's and Under Armour dropped.
Lenovo Group, the world's No.4 PC maker, lagged forecasts despite doubling quarterly earnings, as a one-off gain from the sale of its mobile arm and strong sales in a resilient China market failed to offset stiff competition and a U.S. slowdown in notebook sales.
Following are the day’s biggest winners and losers. Find out why shares of Humana and Medtronic popped while DryShips and J.C. Penney dropped.
Hewlett-Packard reported a profit that exceeded analysts' expectations but matched the earnings guidance the company gave last week.