Earnings reports from General Electric and Bank of America are the big numbers for markets Friday, and they matter nearly as much in the foreign exchange and Treasury markets as they do in the stock market.
We've got a double header for you. Greg Troccoli interprets chart patterns in Goldman; next week could be critical for this stock. Also Pete Najarian take a look at the Vix.
Considering investors appear to have heightened expectations for banks, what should you expect when Bank of America reports earnings on Friday?
After hours the Fast Money traders were closely watching the action in IBM and Google as they sorted through earnings reports from both companies.
The Dow pulled off a nearly 50-point gain Thursday after a topsy-turvy session as the boost from oil's rally ultimately beat out disappointment in earnings from Goldman Sachs and Citigroup.
Traders applied the brakes Thursday, a day after the Dow topped 10,000, as Goldman Sachs and Citigroup proved no match for Wall Street's inflated earnings expectations.
Bonds are the anchor of an investor's portfolio, but they need to be played defensively, said Jim Keegan, portfolio manager of 5-star rated RidgeWorth Total Return Bond fund.
The problem for financials: the best have already reported. It's simple: Goldman Sachs and JP Morgan have reported, it doesn’t get any better than that. They are the highest quality companies. From here, the news will likely be tougher.
Stocks opened lower on Thursday after Citigroup and Goldman Sachs posted earnings that beat expectations, but fell short of investor hopes. Jack Ablin, CIO of Harris Private Bank, discussed the earnings numbers and the sector going forward.
Bank stocks slipped Thursday after results from Goldman and Citi failed to live up to heightened expectations. Is the dip a buying opportunity?
Stocks opened lower on Thursday after the Dow closed above 10,000 on Wednesday for the first time since last October. Art Cashin, director of floor operations at UBS Financial Services, said the 10,000 number is not that significant and offered his market outlook.
J.P. Morgan's blowout third-quarter gave the financial sector a big boost today. The firm reported a profit of $0.82 a share versus Wall Street's consensus estimate of $0.52. With J.P. Morgan's results setting the tone on the earnings front, should investors expect similar results from the group?
With a key Congressional committee beginning markup of legislation creating a consumer financial products watchdog, the Federal Reserve's unusual role as a source of funds will likely draw attention.
Stocks pared their losses Thursday after a third straight positive Philly Fed reading — the first time that's happened in two years. Stocks had opened lower after disappointment in earnings from Goldman Sachs and Citigroup.
Buy the rumor...sell the...Goldman Sachs down 3 percent pre-open, S&P 500 futures dropped 10 points right after Goldman reported earnings far better than expectations ($5.25 vs. $4.24). Even topline was better than consensus: $12.37 billion vs. $11.02 billion.
Yesterday, the Dow closed over 10,000 for the first time in over a year and now, the futures are pointing to a pull back below the 10K marker this morning. While it is a psychological threshold, especially after the fall from the 2007 highs, the index has crossed the marker a number of times before in its past.
The Consumer Price Index, a measure of the average price level of a basket of consumer goods and services, was up 0.2% for the month of September, while the core CPI rate, excluding energy and food, rose 0.2%. On a year-over-year basis, consumer prices were down 1.3%.
Goldman Sachs is the best managed company in the financial sector, while Citigroup stock is the cheapest, Rochdale Securities Banking Analyst Richard Bove said Thursday.
After Wednesday's stellar market performance, stock index futures indicated a lower open for Wall Street on Thursday as investors take a breather and evaluate their next move.
The Dow crossed the 10,000 level and all of sudden the bears grew quieter.