Stocks rebounded off of 12-year lows Wednesday after the Obama administration launched its mortgage-rescue plan to help millions of struggling homeowners stay in their homes. The market shrugged off a bleak beige-book report and barreled higher in afternoon trading.
General Electric shares fell as much as 15 percent on Wednesday, touching their lowest point since 1991, and the cost of insuring GE Capital's debt hit a record high on anxiety about that unit.
Stocks rebounded off of 12-year lows Wednesday after the Obama administration launched its mortgage-rescue plan to help millions of struggling homeowners stay in their homes.
In a new program centered on Earth Day, eBay is becoming the latest company to promote its green credentials.
The number of job cuts continued to soar in February 2009, reflecting the worsening US recession.
Two months into the year, the average dividend yield of the Dow 30 has continued to rise since the start of 2009, despite some significant dividend cuts like those from CNBC parent, General Electric. See how the 30 companies in the Dow compare.
More companies announced layoffs this week as the employment picture continued to dim. JPMorgan Chase and Chesapeake Energy were among the latest names on Thursday to announce job cuts.
US stocks index futures made a tentative push higher ahead of the open Wednesday as investors braced for the latest round of economic data and looked for direction from Treasury Secretary Timothy Geithner.
Stocks head into Wednesday tentatively, as investors once more look to Washington for clarity on the Obama Administration's budget and policies.
Stocks fell in volatile trading on Tuesday, with the S&P ending below 700 for the first time since October 1996
Futures moved down a bit right after the close, traders cited several factors including GE, Google and Palm.
Stocks ended a yo-yo session lower Tuesday, with the S&P ending a few points below the 700 mark as investors remained on edge.
Options activity is extremely bearish in General Electric, a day after CEO Jeffrey Immelt sent a somber letter to shareholders acknowledging that the company's reputation had been "tarnished."
Tuesday: Fed Chairman Ben Bernanke defended the AIG bailout, saying the alternative would've been a disaster. Treasury Secretary Tom Geithner defended the Obama Administration's plan to buttress and stimulate the U.S. economy. Auto sales plummeted; Citigroup said it'll lower some mortgage payments; and subsidiaries of Warren Buffett's Berkshire Hathaway announced job cuts. CNBC heard from experts who said the U.S. economy is in a depression — but the next move is an upside jump.
Despite a rash of recent cuts, playing dividends continues to be an important tool for investors, financial advisers say.
Despite the pullback in consumer spending and the ever-declining stock market, Americans continue to shell out big bucks at the box office.
The Dow Jones Industrial Average hit its lowest level in 12 years, slipping below 7,000, then 6,900 and then 6,800, as another bailout of insurance giant AIG stirred fear about the stability of the financial system.
The Dow Industrials, Dow Transports, and Dow Utilities are all hitting multi-year lows now. While the Dow Industrials and Dow Transports have been closing at new lows for days, the Dow Utilities closed below its October low for the first time on Friday.
The Dow Jones Industrial Average opened at its lowest level in 12 years, slipping below 7,000 as investors grew increasingly skittish over the state of the stock market amid the wave of government bailouts.
While January was a poor month for the markets overall, February turned out to be worse. Both the Dow Industrials & S&P 500 once again had their worst month since last October – a feat which they both achieved in January as well. Will March be any better?