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Stocks closed with broad gains after strong economic data pushed the Dow and S&P 500 to new highs. "We thought probably the dance music would probably slow down by now but with the wave of mergers and $2.5 trillion dollars cash on the sidelines, it looks like the party will go on for a while," said Fred Dickson, chief market strategist at DA Davidson.
Stocks ended a holiday-shortened week higher on an almost continuous flow of merger news. The Dow closed with a weekly gain of 1.2%, rebounding nicely from a 0.4% decline a week earlier. It took several tries but the S&P 500 finally surpassed its March 2000 high, gaining 1.3%. The Nasdaq rose 2.2%, the best weekly performance since March.
Never underestimate the power of management - especially when it comes to Michael Dell and Eddie Lampert. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The S&P 500 and Dow reached all-time highs in May, but what about the NASDAQ? The index is well below its record set in March of 2000. That tech bull run was led by the 4 horsemen; Microsoft (MSFT), Oracle (ORCL), Intel (INTC) and Cisco (CSCO) Who will be the new NASDAQ leaders?
Dell said that earnings rose 8% in preliminary first-quarter results, and the computer maker plans to lay off about 8,000 employees over the next year as part of an ongoing restructuring.
Jobs and manufacturing data combine this morning to tell the tale of the consumer and manufacturing pillars of the economy for a market set on moving higher. Stock futures are moving up after markets around the world start the month of June with gains.
CDW, a distributor of hardware, software and technology accessories, agreed to be acquired by a private equity company in a $7.3 billion deal.
Private equity firms are in talks for a buyout of CDW, a technology retailer with a market capitalization of about $6 billion, The Wall Street Journal reported on its Web site Tuesday.
Toshiba said it would buy microprocessors from Advanced Micro Devices, ending its exclusive ties with Intel for the supply of the brains that run computers, and sending its shares higher.
The Dow's record run hits a speed bump and the S&P 500 can't hold a new record high as worries about the economy and interest rates surface.
Stocks ended broadly lower and the Dow fell for the fourth straight session after strong economic data lowered the odds of a near-term cut in interest rates. "The market was looking for a reason to pull back," said Brian Belski, chief U.S. strategist at Merrill Lynch. "Coming into the holiday weekend, it's not surprising that we're seeing some weakness."
Cramer thinks investors are getting fatigued from a bull market that's been running on agriculture, aerospace and oil. Also, his calls on Boeing, Dell, Bon-Ton and Jones Soda.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Dell, which has relied mostly on a direct-to-consumer sales model, will start selling computers through Wal-Mart stores. The deal aroused concerns about possible margin-tightening for chip makers.
It may finally be getting easier to sell that house of yours again. The SPDR S&P Homebuilders (XHB) has turned this month, jumping 6% over the last five days alone. More than half of that came today on comments from Treasury Secretary Hank Paulson who suggested the housing sector may get a little better. Is the worst over?
Ian from Colorado says he was burned by the last bear market and had to wait seven years to get back to even. He asks if he should buy now?
The guys go behind the headlines and give you their take on... gas prices soaring 4% in one day... why airline stocks are surging.. and more. Find out where they see fast money.
Dell (DELL) shares surged Wednesday even after New York Attorney General Andrew Cuomo sued the PC maker for deceptive practices. Meanwhile, Hewlett-Packard (HPQ) said after the bell that sales last quarter jumped 13% as it continued to steal share from Michael Dell and company. What's the better trade; bottom fish Dell or ride the HP mojo?
Here we are on HP's earnings day, and considering last week's surprising, and mistaken pre-announcement by an employee who sent the company's "crown jewels" out a week early, the company manages to surprise again. And once again, it's the kind of surprise shareholders love.
New York State Attorney General Andrew Cuomo has sued Dell over consumer complaints against the computer maker, contending that the company engaged in deceptive financing practices.