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Stocks finished mixed amid volatile oil prices and a weak manufacturing report from the Fed.
The Dow finished Monday’s session modestly lower as investors continued to worry about the course of the economy. What's the "Word on the Street?"
As the world watched Tiger Woods and Rocco Mediate take it down to the wire at the US Open, the Dow was struggling with its own rivalry: Banks were trying to lead a rally, while a handful of stocks were dragging on the blue-chip index. Oil ended down at $134.34 abarrel.
Lehman Brothers Holdings' chief executive expressed confidence in the investment bank on Monday, sending its shares up as much as 9 percent even as it posted its first quarterly loss as a public company.
Now that Lehman's out of the way, all eyes are on Goldman Sachs and Morgan Stanley. What should you expect?
Goldman Sachs Group laid off investment bankers last week as it reacts to slowing markets and a slump in merger activity, according to people familiar with the situation and Wall Street recruiters.
Stocks bounced back from an early slide as banks recovered and strength permeated techs, housing and retail stocks. The market had opened lower as oil neared $140 a barrel and after a report from the New York Federal Reserve on regional manufacturing activity showed a worse-than-expected contraction. Lehman shares rose after the firm reported a loss on target with its pre-announcement.
What's bubbling in the options market? General Electric and financials, according to one tracker.
Stocks opened lower on Wall Street Monday as oil neared $140 a barrel and after a report from the New York Federal Reserve on regional manufacturing activity showed a worse-than-expected contraction. Lehman shares rose after the firm reported a loss on target with its pre-announcement.
S&P futures dropped about 5 points as the New York Empire State Index was notably weaker than expected and has been down 4 of the last 5 months, then dropped again on oil. The most important issues this week:
Nearly 1.5 billion shares and $23 billion traded Friday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Options were active in GE and Goldman Sachs last week, according to one observer.
Only a year ago, Wall Street reveled in an era of superlatives: record deals, record profit, record pay. But a mere 12 months later, nearly half of the profits that major banks reaped during that age of riches have vanished, the New York Times reported.
Should oil prices extend their pullback and data show no further deterioration in the U.S. economy, stocks could rise next week. But investment banking results will be the wild card.
In Friday’s Web Extra the traders reveal how to play Goldman Sachs, wholesale inflation data, and FedEx in the week ahead.
Following are the “Fast & Furious” trades. Now we bring you even more Fast ways to trade tomorrow's market moving events.
Investors are bracing themselves for Goldman Sachs and Morgan Stanley earnings next week. Should you expect a rally or pullback?
The Dow closed higher after retreating oil prices and a tame reading of core U.S. consumer prices eased inflation fears. What's the "Word on the Street?"
For the week ending Friday, June 13, 2008, the markets were mixed on varied economic news, renewed credit concerns from Lehman and the financial sector, and of course, oil. A surprise increase in retail sales gave hope for economic growth and a rising CPI suggested a potential rate move on the horizon that could strengthen the dollar and begin to tame inflation.
After another volatile Wall Street session, Dylan labels Thursday "a big fiasco," with the lion's share of the blame going to the Microsoft-Yahoo crash-and-burn. Any possible deal has been aborted for the second and -- very likely -- last time.