Stocks were under pressure Wednesday, extending the previous day's sharp losses, as oil briefly crossed the $100 mark and investors remained jittery over the political unrest in Libya.
Stocks continued to slide lower for a second session Wednesday, extending the previous day's sharp losses, as investors digested a handful of weak earnings and remained jittery over the political turmoil in Libya.
Singapore's January CPI grew 5.5 percent year-over-year, its greatest jump since December 2008. The country's statistics agency cited higher car, fuel, housing and food costs for most of the increase. Singapore's Straits Times index is now down over 9 percent from its November high.
Stock index futures pointed to a slight rebound for Wall Street on Wednesday after stocks tumbled in the previous session amid growing concern over the political turmoil in Libya, where Moammar Gaddafi vowed to crush the revolution.
What follows is a roundup of corporate earnings reports for Tuesday, Feb. 22.
Stocks tumbled as the unrest in Libya—and the cut-off in Libyan oil supplies—sent oil prices soaring and gave skittish investors a reason to sell stocks in a market that had climbed to multi-year highs. Alcoa and JPMorgan fell, while Kraft gained.
Stocks held steep losses into the close as the unrest in Libya sent oil prices soaring and gave skittish investors a reason to sell stocks in a market that had climbed to multi-year highs. Alcoa and Bank of America fell, hwile Kraft rose.
Plus, get Cramer's calls on Goldcorp, Aecom Technology and Home Depot.
Here's why you should keep a close eye on these six stocks.
The unrest in Libya is boosting energy prices: oil up about 7 percent, heating oil up 4.2 percent, gasoline up 3.8 percent. Saudi Arabia will not allow any supply disruptions from the Middle East to impact global supplies of oil, the country's oil minister told CNBC, though that is scant reassurance. Also: Wal-Mart, Home Depot and Macy's.
Stock index futures pointed to a lower open for Wall Street Tuesday as mounting violence in Libya prompted investors to cash in recent gains and take a more cautious stance after the President’s holiday on Monday.
The S&P is now up 6.8 percent for the year, and analysts and traders keep watching for the pullback that just doesn't seem to come. Turmoil in the Middle East, recurring sovereign debt concerns in Europe and now the idea of inflation all hang over markets.
Stocks ended higher Friday, climbing just before the close to cap off the third straight week of gains in the absence of major economic news or earnings.
While many analysts expect holiday sales numbers to be strong, Wall Street is expecting earnings conference calls next week to serve more as inflation strategy sessions than as quarterly reviews.
Thirteen retailers will give quarterly results next week, but which retail name has pricing power? The "Fast Money" traders discuss.
Stocks gained Friday as investors digested the latest hike in bank reserve requirements by China’s central bank and as the G20 meeting of finance ministers began in Paris. Cisco and Caterpillar rose, while Alcoa fell.
After a 40% run up from August, Mike Khouw of Cantor Fitzgerald suggests a hedged bet into Home Depot earnings next week.
Retail sales rose 0.3% in January, seventh month in a row of gains. However, today’s report released by the U.S. government indicated that this was the smallest increase since last summer.
The world's biggest home improvement retailer says it will hire more than 60,000 seasonal workers before its second annual Spring Black Friday promotion.
Stocks ended higher Friday after Egyptian President Hosni Mubarak resigned in response to demonstrations against his rule, helping lift investor sentiment and uncertainties surrounding the country.