The U.S. economy contracted at a slower-than-expected pace in the second quarter according to the GDP data on Friday, but a sharp drop in consumer spending fanned fears that recovery would be sluggish. Economists Dick Berner at Morgan Stanley and Robert Barbera of ITG told investors what to expect for the following quarter.
The Dow pulled off a modest gain Friday, capping a rocky week — and month.
The bulls only nudged the Dow slightly higher on Friday, but the move was enough for the blue chip index to record its best gain for July since 1989!
The recession has hit a trough and we're past the worst month, said David Kelly, chief market strategist at JPMorgan Funds.
Stocks gained after it was reported that US Q2 GDP shrank less than expected and news that the Obama administration isn't suspending its "cash for clunkers" program. In the meantime, a Chicago group said manufacturing activity had picked up in the region in July, and in fact, was its best reading since September. Read and listen to what the experts had to say...
Options action was bullish on Ford Motor today as investors bet that the automaker would rally at least 6 percent in the next four weeks.
Stocks pared gains Friday afternoon as investors worries about the economy after this week's mixed reports.
The US GDP shrunk at a slower-than-expected pace in the second quarter. What does it mean for the stock markets? Art Cashin, director of floor operations at UBS Financial Sevices, offered CNBC his insights.
If the market can hold onto its gains this will be the best July in 20 years for the Dow and the best month since October 2002. Now, what happens next month?
Some investors remain skeptical about the market rally despite its strong performance in the last few weeks. Anthony Chan, chief economist at JP Morgan’s Private Wealth Management and Bruce McCain, chief investment strategist at Key Private Bank told investors why they should still be investing in equities.
Stocks wandered around Friday but seemed to lean higher as investors digested a pair of economic reports and news that the Obama administration wasn't suspending its "cash for clunkers" program.
Abandoned car factories, sprawling over hundreds of acres, often stand vacant for years awaiting demolition, environmental cleanup and a willing developer.
When I first heard the $1 Billion set aside by the Federal government for the "Cash for Clunkers" program was about to run out, I chuckled and thought, "well that didn't take long." It also has brought up a question as to whether or not the quick evaporation of money means the public is ready to buy cars and trucks again, or if this is a one time "flash point" of demand sparked by Federal money. My gut says it's the latter.
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On Friday, July 24th, the S&P 500’s 100-day moving average overtook its 200-day moving average, an event known to Wall Street technicians as a Golden Cross (a shorter-term average crossing a longer-term one, from below to above). A month ago, we saw another Golden Cross, when the 50-day average moved above the 200-day average.
Weak durable goods numbers versus stronger home sales: which indicator should investors believe? Art Cashin, director of floor operations at UBS Financial Services, offered CNBC his market insights.
Michael Browne, portfolio manager of Sofaer Global, told CNBC that “We didn’t have that ability to react in 1991 to 1993 in the way we can react today.”
General Motors will end its half-century run as sponsor of the Buick Open golf tournament as it tries to focus scarce marketing dollars on its cars and trucks, a person briefed on the decision said Tuesday.
These are the stocks that will work – and those that won’t – when the market pulls back.
With so many people holding onto their car or truck longer, it's only natural folks are asking if they have a car that qualifies for the Cash for Clunker program. The fact is, most of us will not qualify for the federal program which kicked off this weekend. That's primarily because of the restrictions Washington has placed on the program.