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These days you might confuse Wall Street for the Wild, Wild West. In fact, head to downtown Manhattan and you’d half expect to see Wyatt Earp swaggering along.
Stocks ended sharply lower Monday as Bank of America earnings and stress-test buzz dragged down financials. The Dow lost about 290 points, or 3.6 percent. The tech-heavy Nasdaq shed nearly 4 percent and the S&P 500 tumbled 4.1 percent.
What to make of the relative strength of Morgan Stanley? The bank is set to report earnings on Wednesday, and on a day when the broader financials are off 11%, with Citigroup and Bank of America off a respective 19% and 24%, Morgan is hanging in there, down only 5%.
Early earnings reports from the nation's biggest banks are showing that there's still one major hurdle the market needs to overcome: credit worries.
The Dow tumbled on Monday in the wake of Bank of America’s numbers. Are investors just taking profits or is this the end of the line?
As of this morning, just over 10% of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
Bank of America reported that first-quarter profit nearly tripled, thanks largely to its purchase of Merrill Lynch. But the financial giant's results also contained a lot of questions that are worrying analysts Monday. CNBC's David Faber reported on these troubling questions.
European markets and U.S. futures are lower this morning following weakness out of the financial sector as well as some poor outlooks from various U.S. companies.
Stocks tumbled at the open Monday as investors braced for the next batch of corporate earnings. The Dow dropped more than 100 points, or 1.5 percent in the first few minutes of trading. The tech-heavy Nasdaq lost nearly 2 percent.
US stocks looked set to drop at the open Monday as investors braced for the next batch of corporate earnings.
For the last decade, a job at Riana Paige, an undergraduate senior at the Wharton School of Business, had a high-paying internship at JPMorgan Chase last summer and was disappointed when she did not receive an offer for a full-time job after graduation. Now she is pursuing a job teaching in Dubai, or working for a wine importer.
If the broader market continues to take its cue from the financials, investors have a good deal more information by which to judge the health of the banking system after Citigroup, JPMorgan and Goldman Sachs reported results this week and Wells Fargo's detail-light pre-announcement last week. Or do they?
Which is the better indicator of the economy's health? The answer may surprise you.
For big banks like Citigroup, the first quarter of 2009 may turn out to be the best of the year.
Plus, a look at the positive effect that Washington has had on the banks.
Byron Wien, Pequot Capital chief investment strategist, offered CNBC his expert market insights and outlook for the economy.
Goldman Sachs priced its stock offering at $123 per share, or 5.5 percent below its Monday closing price. The sale garnered some 50 percent of Goldman's TARP loan. What does this mean for the financial giant?
General Electric posted better-than-expected quarterly profit on Friday, and Jack De Gan, CIO of Harbor Advisory told CNBC that he remains bullish on the company.
Art Cashin, UBS Financial Services director of floor operations, offered CNBC his insights for Friday's stock market — and his outlook for the week ahead.
20 years ago today – on April 17, 1989 – the Consumer News and Business Channel launched. And how the network has evolved – from showing how to cook chicken in a microwave on the first day of broadcasting to covering the current global economic crisis over the past year.