GE CEO Jeff Immelt buys 50,000 GE shares, a purchase worth about $1.57M. CNBC senior markets commentator Mike Santoli and Stephanie Link, TIAA Global Asset Management, weigh in. » Read More
If you blinked in the final minutes of trading today, you probably got the story wrong. The final hour of trading has become known for its wild swings, but outdid itself this time: After being up about 250 points at 3:54 p.m., those gains evaporated and the Dow Jones Industrial Average ended down 74.16, or 0.8 percent, at 8990.96.
Talk about a disappointment. The Dow moved over 400 points in about 5 minutes into the close. This is not easy to sort out, but most traders put the bulk of the blame for the sell-off on purported comments from General Electric (our parent network) CEO Jeff Immelt that he wants to keep 2009 profit expectations even if revenues fall 10 to 15 percent.
S&P futures have been positive only briefly late in the morning, however there has again been a 40-point swing from the high to the lows. Bottom line is that pre-open volatility continues.
Google, the Internet search and advertising giant, is increasingly looking to the energy sector as a potential business opportunity, says the New York Times.
Robert Zagunis is not looking for an overnight recovery — but he suggests it just might be a perfect time to buy stocks. Some familiar names top his list.
Stocks ended the day significantly lower but avoided a catastrophe, as an orderly selloff staved off what some thought would be a massive market capitulation.
The equity market collapse began in the Far East as Sony shares slide 14 pct after they issued a profit warning. The electronics maker cut its profit forecast in half as the strong Japanese yen and the ongoing credit crisis is hurting demand for its cameras and flat TVs.
Warren Buffett has very publicly proclaimed that now is the time to be "greedy" and buy U.S. stocks, because everyone else is fearful, and those fears are driving down stock prices to bargain levels. While some praise his leadership and courage, there are also skeptics.
Following are the week’s biggest winners and losers. Find out why shares of Bank Of America and AT&T popped while eBay and Pepsico dropped.
Coming off the worst week ever where volatility continues to rule, enhanced by options expiration Friday, the major indexes are all up about 4% or greater for the week.
Some stocks are more popular than others. But that doesn't mean they're always the best shares to hold. Michael Farr, president of Farr, Miller and Washington, gave his assessment of five of the most widely held companies.
Following are the day’s biggest winners and losers. Find out why shares of Yahoo! and Safeway popped while Barclays and eBay dropped.
All three of Warren Buffett's recent live interviews with CNBC (Goldman and General Electric investments, House passage of the bailout bill) are now available for download as a PDF (Acrobat) document.
Ted Parrish, portfolio manager at Henssler Equity Fund, told CNBC it's a good time to take advantage of what big-cap stocks offer.
As of about midday on Tuesday, the markets have swung between being positive, negative and flat for the day. Which companies are withstanding the volatility and sustaining their gains since Friday's close?
Following are the day’s biggest winners and losers. Find out why shares of Alcoa and Research In Motion popped while Sovereign Bank and GE dropped.
Stocks bounced back from their worst week ever with one of their best performances in history as investors cheered a global cash infusion designed to unthaw the credit market and avoid a global meltdown. The Dow gained more than 900 points, its biggest one-day point gain ever.
Stocks bounced back from their worst week ever as investors cheered a series of measures and cash injections by governments and central banks designed to prop up the banking sector and avoid a global meltdown. The Dow was up nearly 500 points, or more than 5.5 percent.
It's hell being a CEO or CFO these days. Well, try blogging. No sooner do I write something than it becomes outdated. So I'm going to blog about last week in hopes that history doesn't rewrite itself overnight.
Stock traders for the first time are openly asserting that a bottom has been put in. Concerns about global bank failures and meltdowns are receding as global finance ministers are now coordinating their efforts.