PC sales are plummeting, and one analyst says this could mark a move into unknown territory for the market.» Read More
U.S. stocks ticked higher Wednesday after a sharp rise in crude supplies pushed oil below $114 a barrel. Banks were scrambled by worries about more fallout from the credit crunch, while Hewlett-Packard buoyed techs.
U.S. stocks index futures pointed to a higher open Wednesday as dollar strength helped offset a flurry of bank downgrades from Goldman Sachs.
Renewed inflation fears, as well as concerns about financials, continue to weigh on markets. Many investors who attempted to buy financials just after the bottom in mid-July are coming to the realization that the news flow in the financials has the potential to be negative for some time, and as a result they are primarily trading stocks and not long-term holds.
Banks are a big story but they're not the only story. Following are the Fast Money tech trades and more!
It's hard to say whether Wall Street's fear of itself or rising oil prices will be more of an impediment for stocks this week. Both of those trends were apparent Tuesday and could continue to hang over the market Wednesday.
Stocks declined Tuesday as an inflation report agitated a market already rattled by worries about the financial sector. The Dow dipped into bear-market territory during intraday trading but thinly escaped by the closing bell.
Hewlett Packard reported a profit that rose over last year and beat analysts' forecasts by 3 cents a share. Sales also beat expectations.
This is an important week for Intel, a company at a kind of competitive and technological crossroads. The company is hosting its annual developers' forum in San Francisco, with chairman and former CEO Craig Barrett delivering today's keynote.
Stocks declined Tuesday as oil surged above $115 a barrel and an inflation report agitated a market already rattled by worries about the financial sector. Retail stocks also fell amid a weak outlook for consumer spending.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Roger writes, “I sold Chesapeake around $67. The traders say buy the dips and sell the rips but recently I’ve only been getting ripped.
The Dow sank on Monday after the prospect of more losses from the mortgage crisis spooked the Street.
Inflation and housing data and retailers' earnings could contribute to Wall Street's early direction Tuesday. But the stock market will continue to fret over the financial sector and worry through every move in the oil markets.
Chairman of Cumberland Advisors predicts more bank failures while the managing director at Louise Yamada tells investors why now is the time to be bullish on gold. Following are today's top videos:
The Dow shed 1.6 percent, putting it dangerously close to bear territory, as a fresh wave of worries about fallout from the mortgage crisis slammed financials.
Fears that emerging market demand for Dell Inc. and Hewlett-Packard Co. technology products will slow and that the U.S. dollar will strengthen in the remainder of the year may overshadow earnings in line with or above Wall Street targets.
Fast Money Now – the trades you need while the market is open.
Do you believe that financials, pharma and telecom can maintain through an economic downturn? If so, you might want to take a look at the Dow Industrials where some of the largest companies in the world are currently offering investors notably large dividend yields.
Here's our Fast Money Final Trade. Our gang gives you Monday's best trades, right now!
The traders reveal how to trade... Hewlett Packard earnings, the cyclical nature of oil and the volatile solar stocks.