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Stocks slipped Monday as worries about a record $200 billion in Treasury auctions this week and lowered outlooks from Honeywell and Aetna cast a shadow over the market. In the meantime, new-home sales rose 11 percent to an annual rate of 384,000 in June, well above the 360,000 economists had expected. Read and listen to what the pros had to say...
We are seeing probably the worst quarter that we are going to see from Honeywell, said Howard Rubel, aerospace and defense analyst from Jeffries & Co.
Corning stock softened in early morning trading despite reporting better-than-expected second-quarter earnings on Monday.
Stocks got a quick pop Monday after a sharp jump in new home sales, but quickly resumed their decline as lowered outlooks from Honeywell and Aetna cast a shadow over the market.
Diversified technology and manufacturing group Honeywell reported a quarterly profit in line with consensus expectations Monday, saying it was anticipating continued tough economic conditions.
While the public is continuing to obsess over the generally better than expected earnings and the two-week, 100 point rise in the S&P 500 (11 percent), stock traders are nervously eyeing the $200 billion in new Treasury debt that is coming this week.
Stock index futures edged higher ahead of the open Monday as investors look to see if the summer rally will keep pushing the major indexes higher.
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At this point, you look for any selective weakness in sectors that you want to be “long” in, advised Peter Sorrentino, senior portfolio manager of Huntington Asset Advisors.
The S&P 500 rose above its 200-day moving average for the first time since May 2008 on an intraday basis, sending a major signal to the bulls.
Yesterday, we ran a poll to see which company should replace GM in the Dow if it goes bankrupt. With over 5,000 votes cast, there are some interesting observations and comments that came in from our readers. Here's what they had to say.
As June 1 looms closer, the likelihood of General Motors declaring bankruptcy seems more real. If that is the case, which company might succeed GM as the next component of the Dow Jones Industrial Average?
After hours action in Hewlett-Packard points to a lower open. What do you need to know?
On Tuesday traders were talking about declines in the Vix. Historically, when the Vix has closed below 30, the S&P 500 has climbed 6% in the following 6 months.
With the new mandate from Washington, this efficiency movement in the auto industry will pick up momentum, and several companies are positioned to profit.
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.
Following are the day’s biggest winners and losers. Find out why shares of Honeywell and Transocean popped while Dow Chemical and Las Vegas Sands dropped.