Stocks closed near session lows as civil unrest in Egypt sparked widespread selling that pushed the S&P 500 down nearly 2 percent and broke an eight-week winning streak for the Dow. Microsoft and Home Depot sank.
Stocks extended steep losses, as the S&P 500 slid nearly 2 percent, as civil unrest in Egypt sparked widespread selling despite decent economic numbers. Microsoft and Home Depot fell, while Kraft rose.
Stocks sank despite a reading on consumer sentiment that was better-than-expected, and after the government reported a gain in gross domestic product for the fourth quarter of 2010, as traders feared the outcome of the escalating protests in Egypt. Microsoft and Home Depot fell, while Coca-Cola rose.
What follows is a roundup of corporate earnings reports for Friday, Jan. 28.
The problem appears to be weak margins in the North American auto business due to higher costs and other factors. There was also a charge for completion of debt-conversion offers. For 2011, they expect each of its Auto operations to be profitable and expects solid profiability for Ford Credit.
Stock index futures traded flat to mixed Friday on a gain in gross domestic product for the fourth quarter of 2010, even though the 3.2 percent increase missed analyst expectations.
Stocks are seeing some of their loftiest gains deflate, and that could continue as investors weigh dozens of major earnings reports and a fresh series of economic news in the week ahead.
The company has spent more than $6 billion in acquisitions in recent months, and investors have been attracted to its 3 percent dividend yield as well as its growth prospects.
Big is better this year, especially multinationals in energy, health care , tech and industrials. "Don’t be underweight in global gorillas that are under loved,” says one strategist.
There's always a bull market somewhere, Cramer said. Right now, it's in the U.S.A.
Not if you believe as Cramer does that the precious metal’s price is headed to $2,000. Plus, get calls on the utilities, restaurants, the investment banks and more.
In an uncertain economic environment, your best investment opportunities are in the stocks of solid companies with proven business models, strong balance sheets and steady profits.
Stocks ended lower as investors took a pause after stocks reached two-year highs, and the dollar rose as concerns over European sovereign debt worries resurfaced. Alcoa and JPMorgan fell, while Coca Cola rose.
Twenty companies were represented at the summit, but the "Mad Money" host said he's only interested in three of them.
In topics that ranged from taxes to jobs to American competitiveness to education to the deficit, President Obama came across to CEOs as willing to listen and work with business.
Stocks slipped into negative territory Wednesday despite several positive economic reports, as concerns over European sovereign debt worries resurfaced. JP Morgan and Alcoa fell, while Coca Cola rose.
President Obama is holding a meeting today with 20 prominent business leaders to share ideas on how to grow the economy and create jobs. Here is a look at how these companies performed since President Obama took office.
Nearly half of the 20 CEOs meeting with President Obama Wednesday are from technology and financials services companies, while noticeably absent are big oil and retail and such government-controlled enterprises.
Stocks were mixed after a handful of positive economic reports, including a slightly better-than-expected gain in industrial production, and a slightly better-than-expected report on consumer price inflation. Caterpillar and Bank of America rose, while Alcoa fell.
This morning, the Empire Manufacturing Survey was far stronger than expected. Europe is weak ahead of the EU meeting tomorrow. And banking results "will be up 10-20% next year," according to Goldman Sachs.