U.S. stocks closed higher, recovering from the prior day's selloff, as investors eyed higher Treasury yields and looked for signs of economic growth.» Read More
Stocks ended a rocky session mixed as a banks rally fizzled and an unexpected drop in housing starts left investors a little shaky. Still, a gauge of fear dropped below a key level.
Regional banks like Zions and Huntington Bancshares have been weak all day. Regional banks continue to suffer from concerns about loan losses.
Most of the large retailers have reported, and the results are better than expected, at least on the bottom line.
Stocks bounced back Tuesday as banks rallied and a gauge of fear in the market dropped significantly.
Stocks declined Tuesday after housing starts unexpectedly fell to a record low.
Futures dropped as housing starts for April came in at 458,000, well below expectations of 520,000, and permits came in at 494,000, also well below expectations of 530,000. However, most of the drop is attributable to lower multifamily construction; single family starts and permits rose, though they are still low.
Futures pared gains Tuesday after housing starts unexpectedly fell to a record low. Futures had been pointing higher for most of the morning, buoyed by news that banks may break free from the government's grip.
While the methodology used wasn't perfect, the validation sure feels good.
Wall Street's bears were trampled Monday, but traders say it's just a matter of time before they fight back. Once more, the market's disbelievers were proven wrong. Stocks raced 3% higher, as commodities rose, bonds sold off and the dollar and yen weakened.
Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.
A big rise in bank stocks combined with an influx of bargain hunters Monday helped stocks reverse much of the effects of last week's slump.
Comments from home improvement giant Lowe's sent the bulls running early on Monday. But how far will they go?
Following are the “Fast & Furious” trades - how should you game the key questions into the close?
"My wife and I had thought of this as more of an in-between house," says one Cincinnati homeowner. "Now we have decided to concentrate on making our current home exactly like we want it."
Indian stocks that trade in the U.S. are up double digits as stock trading in India was halted for the first time because of a surge in stock prices on the big election victory for Prime Minister Singh's Congress Party.
Traders expect the market to bump along with a downward bias while it establishes a new trading range, as a lack of economic news and earnings reports in the coming week leaves a news vacuum.
Pay attention to these companies if you want to know if and when we’ll emerge from this recession.
Here's our Fast Money Final Trade. Our gang gives you Monday's trades, right now! Also you'll find the Fast & Furious trades for the week ahead!
Even though Warren Buffett always says he likes stocks more when they're cheaper, he didn't do a lot of buying as Wall Street's major indexes fell to their bear-market lows (so far) in early March. Berkshire Hathaway's first quarter stock portfolio snapshot shows no blockbuster buys. A few stakes did, however, get bigger during the first three months on the year.
Stocks lost more than 2% Wednesday as bank shares continued to struggle and retail sales unexpectedly fell for a second straight month.