Stocks bounced back from a lower open Tuesday as a broker upgrade on Apple buoyed the Nasdaq. Getting the market off to a jittery start after the three-day weekend, the decline in housing prices showed no signs of letting up and there were reports of another missile launch by North Korea.
After 5 days of declines last week for its worst week this year, the U.S. Dollar Index is rebounding modestly today. Concurrently, commodities are giving back 1 percent to 2 percent of last week’s solid gains, while commodity stocks are slightly weaker in pre-market trading.
This week GM and Chrysler will transform the auto industry by skidding into and through bankruptcy. If they can avoid a major car wreck, perhaps Uncle Sam's "controlled bankruptcy" plan will work.
After a long Memorial Day weekend, futures indicated a negative open for Wall Street Tuesday as reports that North Korea launched missiles caused alarm.
"It's a 'show me' period, but the expectation is that the data is going to disappoint, as it mostly has for the last few weeks," said Binky Chadha, chief U.S. strategist at Deutsche Bank.
Stocks finished lower Friday after a late selloff erased the day's gains. Stocks struggled to hold gains for much of the day but worries about a possible downgrade of the U.S.'s credit rating left the market on rocky ground ahead of the Memorial Day weekend.
With the S&P 500 closing lower for the fourth consecutive day, stocks have just recorded their longest losing streak since the rally began. How should you be trading?
Four months into President Obama's administration and three months after he created the Auto Task Force to find a solution for an imploding auto industry, people are mad at the President.
Sell U.S. stocks, sell U.S. bonds, sell the dollar and protect your wealth by going abroad, said Peter Schiff, president of Euro Pacific Capital.
On a week dominated by a new credit card bill and concerns over the US government debt AAA-credit rating, the markets end the week roughly flat to positive, following an abrupt reversal late Friday.
Stocks moved sideways on light trading today.The President signed the credit card bill this afternoon. Remember the key provisions: 1) Takes effect in 9 months 2) Card companies can't raise interest rates until the balance is sixty days overdue 3) Increases in interest rates due to non-payment can be reversed after six consecutive months of on-time payments.
Stocks made another break higher on Friday as the dollar's drop spurred buying in multinational companies. Worries about a possible downgrade of the U.S.'s credit rating left the market on rocky ground ahead of the Memorial Day weekend but it also sent the dollar to its lowest level this year, which encouraged some buying. Read and listen to what the experts had to say...
The credit problem right now is not just the availability, but the standards, said Jim Chanos, president and founder of Kynikos Associates.
Amid anxiety that Great Britain's debt rating will be cut, fears grow that the U.S. could lose its AAA rating. Art Cashin, director of floor operations at UBS, offered CNBC his stock market insights.
Stocks made another break higher Friday as worries about a possible downgrade of the U.S.'s credit rating left the market on rocky ground ahead of the Memorial Day weekend.
Within two weeks expect to see GM in bankruptcy. And when the company files, whether it's late next week or Monday June 1st, the road map for a quick creation of a newer, leaner GM will be laid out for the Federal Government to follow. It's the Chrysler bankruptcy which has gone about as smoothly as the auto task force was hoping.
According to the Washington Post, the U.S. is preparing to steer GM into bankruptcy next week, but other sources say they have no plan to do so-next week.
Stocks were set to move higher at the open Friday following a selloff in the previous session as concerns about a credit rating downgrade for the US eased.
Chrysler has filed for Chapter 11 bankruptcy. Chapter 11 differs from a Chapter 7 bankruptcy, in that it staves off liquidation. Once financing is secured, the company can emerge from bankruptcy as a new legal entity. It is this new entity that, as Star Trek's Spock would say, is fascinating.
Stocks fell sharply Thursday as the Fed's lowered outlook and disappointing economic data rattled investors.