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Stocks ended the week lower as investors were rattled by rising energy prices and worries about the potential fallout from two struggling mortgage securities funds managed by Bear Stearns.
Stocks closed sharply lower as bond yields rose and higher oil prices sent energy shares tumbling. The Dow Jones Industrial Average finished down nearly 150 points. "Some traders feel the price of oil was a factor today," Peter Costa, senior managing director at Lipari Partners, told CNBC.com.
Shares of Home Depot climbed sharply after announcing plans to repurchase $22.5 billion in stock, which will be partly funded with proceeds from the sale of the home-improvement retailer's supply business.
Stocks closed mostly higher, helped by lower bond yields and General Electric, which boosted the Dow. "This market bends a little bit but it doesn't break," Al Goldman, chief market strategist at A.G. Edwards., told CNBC.com. "The buyers are a little bit tired but the sellers are not very aggressive."
Offers for Home Depot's supply division are due today, according to a source involved with the deal, with two groups of private equity firms expected to be among the remaining bidders.
It is almost summer but you wouldn't know it by the weather. Next week, the season officially kicks off and the week is expected to be the second coldest, and driest first week of summer in 15 years! Right now the one refrain apparel/retailer CEOs seem to universally repeat is the importance of clearing out inventory over the next few months as stores get ready to restock shelves with back to school items.
Online auctioneer eBay. said Tuesday it is ready to begin auctioning advertising airtime on 2,300 participating U.S. radio stations, expanding on an existing plan to sell cable television ads.
Hurricane season began Friday in the Atlantic. Colorado State University forecasters predict five intense hurricanes and 17 named storms. How do you protect your portfolio from this foul weather?
Home Depot, which is considering selling its wholesale distribution business, is being prodded by a number of shareholders to keep the unit, Chief Executive Frank Blake said Thursday after the company's annual meeting.
Former Fed Chairman Alan Greenspan dampened stock performance around the world with his warning yesterday that China's red-hot stock market will face a sharp decline some day. European markets are lower this morning and Asian markets closed mostly lower overnight. Yet China's Shanghai index shrugged off the comment, closing just 0.5% lower after managing to also hit a new intraday high in a volatile session.
All this week Cramer is going through the Dow Jones Industrial Average - explaining, stock by stock, why he thinks the index is going to 14,548 by year’s end. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Jacobs Engineering, Verizon, Dendreon, Rite Aid and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Stocks ended the week mostly higher as strong economic data, soothing comments from Federal Reserve Chief Ben Bernanke and continued M&A action kept buyers in the market. The Dow Jones Industrial Average closed the week with gains of 1.7% while the S&P 500 traded up 1.1%. Both indexes closed higher for the seventh straight week. Not so for the Nasdaq, however, which fell 0.2%.
Oil and gas prices surged Thursday ahead of the crucial summer driving season. Meanwhile, parts of the Northeast were cleaning up after violent thunderstorms. Whether it's the red hot summer or the gale-force winds of a hurricane, how do you trade mother nature?
As Wal-Mart (WMT) and Home Depot (HD) report sagging sales Tuesday, the retail space is seeing a supermarket sweep. Southern supermarket chain Winn-Dixie (WINN) tells the story - shares soared nearly 40%. Will grocery store stocks leave investors dancing in the aisles?
Stocks closed mixed for the second straight session but the Dow closed at a record high on tame inflation data. "Any time we get a number that shows less inflation and indicates interest rates may come down, that has a positive effect on the market," said Ted Weisberg, president of Seaport Securities.
See what analysts had to say today about the market on CNBC.
Home Depot, the world's largest home improvement chain, posted lower-than-expected quarterly profit on Tuesday as the softer U.S. housing market hurt sales at its retail stores. Based on the performance, Home Depot said it expected per-share earnings for this year to fall at the low end of a previously forecast range of 4 to 9 percent.
Close your books and pick up your pencils. It’s time to see if you’ve got what it takes to make it as a trader. In this feature, Dylan poses a scenario and our guests must quickly come up with smart trades. Could you do it?
Few companies are more closely tied to the housing market than Home Depot (HD) and Lowe's (LOW). Therefore, it comes as little surprise that both stocks are down year-to-date. Considering the bullish sentiment in the market, are these stocks more like the classic fixer-upper or the proverbial a money pit?