U.S. stocks closed about 1 percent lower, despite surprisingly strong Amazon earnings, as signs of slower global growth weighed on sentiment.» Read More
Art Cashin, floor manager for UBS Financial Services, offered CNBC his insights into what traders expect for Wednesday.
Second-day comments on the numbers from Goldman Sachs were significantly less enthusiastic, with fresh questions about the integrity of the stress tests, new worries about runs on banks that scored low on the stress tests. One pro added a new letter to the recession alphabet; others were more optimistic, but still wary about the financials, and suspicious that the market is overbought and ready for some profit-taking.
Stock futures indicated a mixed open Wednesday as Intel's after-hours earnings report the day before dragged down tech stocks.
With the US government set to release the results of the FDIC bank stress tests, there's great concern over who will be the winners and losers. What will the government force the losers to do if they don't meet capital requirements? What will the government force the winners to do to make sure the losers aren't ostracized in the repo markets?
Don’t look now, but those battered banks may just survive after all—if only our federal government would let them get out of jail.
Stocks are struggling against a wave of economic and earnings news, but traders say it's not a bad thing that the market is giving up gains this week.
The Obama administration is drawing up plans to disclose conditions of the 19 biggest banks in the country, according to senior administration officials.
Global stocks were down Wednesday, weighed down by grim economic data and tech results from Infosys and ASML. Experts tell CNBC they see long-term potential in commodities and agriculture stocks, but not much in airline stocks.
Commercial real estate could soon make big trouble for the market. It’s been linked to a string of negative developments and now REITs are tumbling.
After Goldman stunned the Street with its earnings announcement, what's next?
Will quarterly results from Intel, released after the bell, drag down the Dow at Wednesday's open?
Stocks ended near their session lows Tuesday after a report showed retail sales unexpectedly dropped in March and as worries about banks simmered ahead of some key earnings.
Consumer weakness—as shown by Tuesday's retail sales numbers—serves as a reminder that the economy still poses a danger to the stock market.
Stocks weakened shortly after 1 PM ET after Goldman Sachs broke decisively below $123, which was the price of its secondary.
Encouraging numbers from Goldman Sachs dominated discussion among the pros, who tied them to massive government stimulus efforts — and doubted they would carry ahead to economic numbers, or even to results from other investment banks.
By lunchtime Tuesday, stocks had slipped after Goldman Sachs said it planned a $5 billion sale of common stock to help pay back government funds.
So what do we know about bank earnings so far? We know that Wells Fargo said mortgage originations were strong, we know that Goldman saw big gains from fixed income.
Stocks recovered late yesterday in anticipation of Goldman's blowout numbers and now are off their lows today ahead of Intel's report after the bell.
Stocks opened lower Tuesday after a report showed retail sales unexpectedly dropped — and dropped sharply — in March. But Citigroup, Bank of America and General Motors advanced.
The senior lenders to Chrysler are planning to make a counteroffer to the Treasury Department this week, pushing back on a debt-reduction plan they say is too coercive.