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.
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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.
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The traders reveal how to trade... Hewlett Packard earnings, the cyclical nature of oil and the volatile solar stocks.
An Infineon chip could be the root of complaints from around the world that Apple Inc.'s new iPhone drops calls and has unpredictable Internet links, according to a research report from Nomura.
With oil way below its record highs, will solar and other alternative energy stocks get hurt?
Banks stocks dragged down the broader stock market on Wednesday with Merrill analyst Richard Bernstein writing the credit crisis is “far from over.”
When Google's Gmail service went dark last night for about 90 minutes, cutting off millions of users from their email, it shone a bright light on the promise--and problems--of so-called Cloud Computing.
Four-star fund manager Nicholas Kaiser says growth is the secret ingredient in a successful portfolio.
Financials may be off their lows, but they are not outperforming. What is? Of big cap stocks, the big winners this week were Consumer Discretionary stocks (retailers and autos), as well as techs.
"[The] stock market: a loser across the board. It was a loser early, it stayed a loser and became a bigger loser as the day went on," Dylan summed up Thursday's trading with that one statement, as AIG and Wal-mart lead the Dow's one-day, 225-point dive. A few lone tech stocks were the only winners in an otherwise distressed market. Adding to the bearish environment was the morning's new jobless claim numbers, the highest reported in several months.
It's always a crapshoot what comes out of Cisco Systems' CEO John Chambers' mouth, and he's in the rare position of being able to utter a single word or phrase that could buoy or blast an investor's portfolio.