Futures popped right after the close as Google reported strong numbers; up 10 percent. Major indices stable today, despite mixed earnings report. IBM, good, Marriott, ok on strong international sales, but Conway, Nokia and Pfizer were notable disappointments.
First, Goldman Sachs said it. Now Lehman Brothers is saying it: "The worst of the impact of the financial markets is behind us," said Richard Fuld, chief executive of Lehman Brothers, at the firm's annual shareholders meeting today. Is he right?
Will this week’s cascade of bank and broker earnings show the worst is over – or could more writedowns be around the bend?
Fed auction results Thursday may indicate a turning point in the credit crisis. Are financials poised to make a sustained rally?
JPMorgan's equities team has said financial stocks will help lead the market higher this year. Today, they held a call on the financial group and say they are still overweight, and they expect it to be one of the better performing sectors.
Goldman Sachs Group Wednesday disclosed that it has received requests for information from "various governmental agencies and self-regulatory organizations" relating to auction products and the recent failure of such auctions.
We’ve picked a winner! Find out who was crowned the champion of Fast Money Madness. This is the stock the traders think will perform best over the next 12 months.
And then there were two! Find out who made it to the final round of our Fast Money Madness tournament. And tell us which company you think will win the championship!
Plus, how to get started in investing.
The March jobs report (and the downward revisions in February) was a bit worse than expected, which is a disappointment for stock traders. Let's be clear: stock traders want signs of stability and bottoming in economic statistics. They DO NOT want weak numbers on the theory that the Fed will continue to cut rates. They will gladly trade less rate cuts for an improving economy.
Microsoft vs. Apple is just one of the exciting match-ups in this round of the Fast Money Madness tournament. Find out which companies make it to the Final Four.
Stocks logged another lackluster session Thursday in the wake of Tuesday's spectacular rally as the market digested a mixed bag of economic data and a congressional hearing on the Bear Stearns bailout.
Stocks opened lower Thursday after a larger-than-expected rise in weekly jobless claims.