It seems the major catalyst of the summer is oil with energy stocks holding up an otherwise sluggish stock market. How should you be positioned?
"In 90 days you've gone from an attitude on Wall Street that the financial system is on the precipice to a feeling that happy days are here again," one pro says.
The bulls initially dominated trading on Tuesday after the Treasury Department said 10 big banks have gotten the okay to pay back $68 billion they received from the government.
As expected, 10 banks are being permitted to repay their TARP money, a combined $68 billion. Oddly, they didn't name the banks, but it's JPMorgan, Goldman Sachs, Morgan Stanley, US Bancorp, American Express, Capital One, BB&T, Bank of New York, State Street and Northern Trust.
There is Ally Bank: “A better kind of bank.” And A.I.U.: “A unique franchise.” And — really — Redneck Bank: “Where bankin’s funner!” All are new names and new slogans for old companies with big worries and, in some cases, even bigger image problems.
Stocks opened higher Tuesday, with bank stocks rising as some of the nation's largest institutions poised to repay government bailout money.
Stocks refuse to drop, but the "wall of worry" gets higher. Bond yield backups, dollar strength have all become topics in the past week.
Futures showed a relatively flat open for Wall Street on Tuesday as the dollar's rally, fueled by last week’s better than expected jobs report, fizzled out and some investors went back into stocks.
Stocks rebounded late on Monday to end around break-even. Late gains were triggered by momentum in the S&P 500 which recently pierced its 200-day moving average.
Stocks ended flat on Monday as a late rally fizzled after the Supreme Court issued a stay, temporarily halting the sale of Chrysler to Fiat. Stocks had staged a late rally as financials bounced back, after being lower for much of the day as last week's jobs report spurred worries that the Federal Reserve may raise rates at its next meeting. Read and listen to what the experts had to say…
Banks can’t make any money on TARP funds, said Dick Bove, financial strategist at Rochdale Securities.
Stocks opened lower on Monday as the dollar and U.S. Treasury yields soared on last week's hopeful jobs data, which prompted speculation that the Federal Reserve may raise rates at its next meeting. Read and listen to what the experts had to say…
Although oil prices could see a spike to the $80 range, they will most likely settle near $60 a barrel, said Dennis Gartman, founder of The Gartman Letter.
Stocks opened lower Monday as the dollar and U.S. Treasury yields soared on the back of last week's cheerier jobs data, which prompted speculation that the Fed may raise rates at its next meeting.
Futures pointed to a lower open for Wall Street Monday as the dollar and U.S. Treasury yields soared on the back of last week's cheerier jobs data, which prompted speculation that the Federal Reserve may raise rates at its next meeting.
The Obama administration plans to require banks and corporations that have received two rounds of federal bailouts to submit any major executive pay changes for approval by a new federal official who will monitor compensation, according to two government officials.
Considering shares of Goldman Sachs have climbed 82% in the last 3 months, does the stock still have room to run? Find out from a former Goldman guy!
Following are the week’s biggest winners and losers. Find out why shares of Joy Global and Goldman Sachs popped while Ciena and Lennar dropped.
Stocks advanced Thursday after a report showed jobless claims fell last week and banks gained. Weak retail sales tempered the mood.
An upbeat view on banks and higher oil prices drove both the Dow and S&P higher on Thursday.