China slowdown & the auto sector» 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.
As the Federal Reserve slashed a key interest rate by 50 basis points on Wednesday, Pimco's Bill Gross said he expects rates to hold or decline to 1 percent.
There are also a few mechanical events that may be making a difference. Some mutual funds, for example, end their fiscal year on October 31, and there is some speculation that funds will be taking losses to offset any capital gains.
The Dow Jones Industrial Average rallied 889.35 points marking its second biggest point-move ever. Today's 10.88% jump in the Dow qualifies as the seventh largest percent gain in its history.
Wall Street went on a bargain-hunting bonanza, with a frenzy of activity in the final hour of trading, sending shares up 10 percent.
Investors went on a late-day buying spree, scooping up shares of beaten down stocks and sending the major indexes soaring 7-8 percent.
Volatility reigned again on Wall Street Tuesday as jittery investors had a hard time committing to the morning's early rally -- or to the subsequent paring of gains.
The meeting is normally held in tony Boca Raton, Florida, where golf outings are traditionally as big a part of the conference as the speeches. This year it is being held at the Marriott in midtown New York on a cold, drizzly morning.
Washington doesn't have much of a choice but to give GM the money. If it doesn't, there is a very real possibility Chrysler and GM slide toward bankruptcy.
Stocks opened higher Tuesday after Monday's late selloff as international markets bounced back amid expectations of a U.S. rate cut.
Today the number two Japanese auto market, Honda Motor Co, warned of lower-than-expected annual profits as a deepening financial crisis has hammered demand for cars and sent the yen soaring according to Reuters.
Stock index futures pointed to a substantial gain at the open Tuesday, following Monday's late selloff, as international markets rebounded and investors pondered the effect of an upcoming expected interest-rate cut.
The guys go behind the headlines and give you their take on market volume, oil, General Motors and more. Find out where they're making fast money.
As investors continue to debate whether the stock market could be near a bottom, data for the last twelve bear markets indicates that, on average, it took the Dow three years to reach its previous highs.
This week is not only the last one of the month. It's also the week that could determine if GM holds on to the top spot in monthly auto sales in the U.S.
Whether it's the Wall Street Journal speculating about Cerberus Capital pushing for "fresh air" in the management at GM, or the steady flow of e-mails I get from people saying "Wagoner must go!", there is no shortage of people suggesting GM's leadership needs to change.
Cramer makes the call on viewers' favorite stocks.