Shares of FedEx fell by almost 4 percent, pushed down by a quarterly loss. » Read More
Stocks eked out a gain Thursday, led by technology and consumer staples, after struggling all day as data on regional factory activity and jobless claims underscored worries about the pace of the economic recovery.
While big-name companies lowering their earnings outlooks might be interpreted as a negative sign, some analysts say the reductions could be temporary and signal better days are ahead.
Disappointing guidance from FedEx on Wednesday triggered a market decline and a 6% drop in the company's shares, but several analysts say Wall Street got it wrong.
Stocks opened higher Thursday as a successful bond auction in Spain helped assuage debt fears but quickly erased their gains after a one-two punch of disappointing data: Jobless claims jumped last week and the Philly Fed gauge of manufacturing activity tumbled.
Asian stock markets traded rangebound on Thursday, after major indices on Wall Street ended mostly flat on mixed economic data and a disappointing outlook from FedEx.
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Stocks ended a rocky session flat Wednesday as a drop in housing starts and disappointing outlook from FedEx offset a strong industrial-production report. BP shares rose after the company agreed to halt its dividend.
What follows is a look at stocks in the S&P 500 displaying unusual volume in today's trading session.
Earnings have topped expectations since the year began but a disappointing outlook from FedEx raised concern that more companies may follow. Is it a sign that a double-dip is coming?
Stocks recovered as techs rose and after a report that BP had agreed to place about $20 billion in escrow to pay claims resulting from the oil spill.
Get long these 4 stocks as beneficiaries of a potential BP asset sale, says Liquidator.
With stocks falling on lower-than-expected housing starts and FedEx's disappointing outlook, is it time to buy into the market weakness? Marc Pado, U.S. market strategist at Cantor Fitzgerald and Michelle Girard, senior economist at RBS shared their market outlooks.
U.S. stock futures, which were weak for much of the morning, dropped as May Housing Starts and Permits were both weaker than expected, declining to the lowest levels since October 2009. The decline was solely in single family production; multifamily saw an increase. The Producer Price Index was also a bit hotter than expected, though hardly on fire.
Futures tumbled Wednesday after a report showed housing starts fell much more than expected.
Here's what analysts say they're watching before the bell Wednesday.
What follows is a roundup of corporate earnings reports for Wednesday, June 16.
Stocks rallied Tuesday as the euro gained against the dollar after a number of successful European debt auctions eased investor concerns about the euro zone's solvency crisis. Techs and industrials led the advance.
Stocks rallied Tuesday as the euro gained against the dollar after a number of successful European debt auctions eased investor concerns about the euro-zone's solvency crisis. Techs and industrials led the advance.
It’s only a matter of time, Cramer says.
Traders began leaving the building, mentally and physically, just after noon ET Friday, but next week is one of the biggest weeks in a long time, on all fronts.