Thursday's midday movers:
Sectors that capture the global economy are down today: transportation, multi-industry, and tech stocks.
Power has been restored to nearly 80 percent of utility customers in the New York City area who were blacked out by Super Storm Sandy, but a nor’easter loomed and that could set back efforts to return to normal.
New Yorkers felt the rumble of subway trains for the first time in four days on Thursday but gasoline shortages persisted in the Northeast and emergency crews struggled to reach the worst-hit areas and restore power to millions of people.
Wall Street and two major airports reopened, and National Guardsmen rushed to rescue flood victims as the Northeast limped into recovery mode Wednesday, two days after being pummeled by epic Hurricane Sandy.
As our thoughts remain with all those who have been horribly affected by the devastation that hit the U.S. Eastern seaboard and its aftermath, we are being asked about the implications of Hurricane Sandy for markets
Superstorm Sandy slammed into the U.S. east coast on Tuesday and hurled a record 14-foot surge of seawater at New York City, flooded the financial district and left 7 million people without power.
Sandy has made landfall along the coast of southern New Jersey. While downgraded to a post-tropical cyclone, it still has sustained winds of 85 mph.
Hurricane Sandy began veering as predicted early Monday on a path that would take it over Washington, Baltimore, Philadelphia and New York putting it on a path that could endanger 50 million people.
CHICAGO-- Railcar leasing company GATX Corp. said Thursday that its third-quarter earnings rose on a surge in orders for tank cars to haul oil, gas and chemicals. The company earned $53.8 million, or $1.13 per share, compared with $32.9 million, or 70 cents per share, a year ago. But stripping out those one-time items, GATX still topped Wall Street expectations.
Take a look at some of Thursday's midday movers:
It’s not all about Greece and Europe — global slowdown worries are also clouding the situation for stocks.
The week's top business news and investment advice, including retail picks, gaming stocks and railway bets.
These are some stocks that investors should consider owning ahead of next week, according to Zahid Siddique, associate portfolio manager at Gabelli Equity Trust, and Frederic Dickson, senior vice president and chief investment strategist at D.A. Davidson & Co.
Although it is harder to find a bargain on value stocks than it was a year ago, investors can still find a deal in some infrastructure companies, Mario Gabelli, of Gamco Investors, told CNBC at Berkshire Hathaway's annual shareholder meeting Friday.
UBS announcing that earnings will be better than expected helping big U.S. banks. The biggest catalyst appears to be significant improvement in fixed income trading; we can assume that big U.S. banks will also have large gains from fixed income trading.
Las Vegas Sands’ Singapore casino resort is on track to open end of March, but may face delays depending on the weather, said its chairman, Sheldon Adelson.
The Dow Jones Transportation Average strongly outperformed the other major indices on Friday, rising 4 percent on broad strength from truckers YRC Worldwide (YRCW) and Ryder (R), railroads CSX (CSX) and Norfolk Southern (NSC), and airlines AMR (AMR) and Continental Airlines (CAL).
The Dow Jones Transportation Index has rallied nearly 9% today for its best day since September 5, 1939! With the gain today, the Dow Transports is now up 40% from its March low of 2,134.21 - outpacing all the other major averages, which are up about 25% to 30%.
Stocks finished with modest gains as oil dropped modestly, continuing their almost-perfect inverse relationship on a day that also saw the further resurgence of the dollar and solid gains in technology.