Bank of America Merrill Lynch raised its opinion of stocks in the energy sector, recommending clients overweight the shares in their portfolios.» Read More
A few years ago, I pointed out in a column that the cost of insuring the US government against a default in the credit derivatives market, had risen above that of McDonalds, the US fast food company, for the first time, the FT's Gillian Tett writes.
Two big deals last week — Google’s takeover bid for Motorola Mobility and Hewlett-Packard’s purchase of Autonomy — underscored the growing influence of boutique investment banks. The New York Times reports.
With no fresh U.S. economic data to rattle markets Friday, traders are bracing for another ill wind from Europe.
Weekly jobless claims and consumer inflation data will catch the attention of markets Thursday, as investors continue to assess the damage done in last week's market storm.
Now that Europe's one-day summit is out of the way, the market focus may shift back to the U.S. economy and what is bothering stocks.
Rupert Murdoch's growing phone-hacking scandal continues to be the media story of the moment.
This week's rally has been powerful with most indexes nearly erasing their losses during the first three weeks of June, while sector rotation amongst tech and energy stocks has been significant.
Here is a look at the best-performing stocks in the top-performing sectors year-to-date.
European stocks were indicated to open stronger Wednesday after Tuesday's sell-off, as Asian shares shrugged off a mixed US close.
Stocks traded slightly higher, led by energy and materials stocks, ahead of the release of the Federal Reserve's policy meeting minutes this afternoon.
Stocks added to losses amid mixed earnings results, disappointing U.S. economic news, and continuing worries about the euro zone debt crisis.
Stock futures weakened after a disappointing forecast by Hewlett-Packard, and after a worse-than-expected report on housing.
In the past 8 trading sessions, energy has halved its gains in 2011, up only 8.8%, compared to an 18% increase at the end of April.
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.
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.
So far in 2011, 303 companies, or about 61 percent of the S&P 500 index components reached a new 52-week high. Here is a look at the top ten stocks in each of the top three sectors.
Stocks ended modestly higher as strength in energy and materials stocks outweighed pressure from financials in the wake of a disappointing earnings report from Citigroup and ahead of more reports from banks later this week. Boeing and Caterpillar rose, while Verizon fell.
Stocks continued to trade modestly higher ahead of the close Tuesday as strength in energy and materials stocks outweighed pressure from financials in the wake of a disappointing earnings report from Citigroup and ahead of more reports from banks later this week. Boeing and Caterpillar rose, while Verizon fell.
Stocks traded mixed amid worries over Apple's future as CEO Steve Jobs takes a medical leave of absence, and disappointing earnings results from Citigroup. Boeing and Caterpillar rose, while BofA fell.