Chevron earnings fell well below expectations Friday, raising new questions about shareholder returns at a time when oil prices are sliding again.» Read More
Stocks declined, but ended well off their intraday lows, Wednesday after the 10-year Treasury auction, which had a much higher yield than expected.
The market is way ahead of itself and it is time to sell into the rally, said Peter Costa, president of Empire Executions, and Dave Rovelli, managing director at Canaccord Adams.
Since bottoming in February at $33/barrel, oil prices have posted a rapid and astounding recovery and are suddenly back above $70 again.
Stocks skidded Wednesday as techs dragged and the jump in oil prices spurred worries about the recovery in consumer spending. Stocks had opened higher, buoyed by Home Depot's raised outlook, but those gains quickly faded.
Stocks opened higher on Wednesday as oil prices jumped above $71 and Home Depot raised its outlook. Banks opened mixed as the market digested news that some of the largest institutions would be repaying government bailout money. Some investors worried that the 10 banks returning TARP money could be doing so too soon and might need further injections later. Read and listen to what experts had to say…
Stocks opened higher Wednesday as oil prices jumped above $71 and Home Depot raised its outlook.
China stimulus trumps U.S. stimulus. Although the dollar is comparatively flat, we continue to have a global commodity rally--oil, copper, aluminum and other commodities are at or near their highs for the year.
Investors should look toward Wednesday's crude inventories to see if the oil rally will continue.
It seems the major catalyst of the summer is oil with energy stocks holding up an otherwise sluggish stock market. How should you be positioned?
"In 90 days you've gone from an attitude on Wall Street that the financial system is on the precipice to a feeling that happy days are here again," one pro says.
The bulls initially dominated trading on Tuesday after the Treasury Department said 10 big banks have gotten the okay to pay back $68 billion they received from the government.
As expected, 10 banks are being permitted to repay their TARP money, a combined $68 billion. Oddly, they didn't name the banks, but it's JPMorgan, Goldman Sachs, Morgan Stanley, US Bancorp, American Express, Capital One, BB&T, Bank of New York, State Street and Northern Trust.
There is Ally Bank: “A better kind of bank.” And A.I.U.: “A unique franchise.” And — really — Redneck Bank: “Where bankin’s funner!” All are new names and new slogans for old companies with big worries and, in some cases, even bigger image problems.
Stocks opened higher Tuesday, with bank stocks rising as some of the nation's largest institutions poised to repay government bailout money.
Stocks refuse to drop, but the "wall of worry" gets higher. Bond yield backups, dollar strength have all become topics in the past week.
Futures showed a relatively flat open for Wall Street on Tuesday as the dollar's rally, fueled by last week’s better than expected jobs report, fizzled out and some investors went back into stocks.
Stocks rebounded late on Monday to end around break-even. Late gains were triggered by momentum in the S&P 500 which recently pierced its 200-day moving average.
Stocks ended flat on Monday as a late rally fizzled after the Supreme Court issued a stay, temporarily halting the sale of Chrysler to Fiat. Stocks had staged a late rally as financials bounced back, after being lower for much of the day as last week's jobs report spurred worries that the Federal Reserve may raise rates at its next meeting. Read and listen to what the experts had to say…
Banks can’t make any money on TARP funds, said Dick Bove, financial strategist at Rochdale Securities.
Stocks opened lower on Monday as the dollar and U.S. Treasury yields soared on last week's hopeful jobs data, which prompted speculation that the Federal Reserve may raise rates at its next meeting. Read and listen to what the experts had to say…