Stocks skidded Tuesday as worries about the housing and financial sectors came back with a vengeance. Lehman plunged 45 percent, dragging the S&P to its worst percentage decline since early 2007.
The Dow got a little bump at the opening bell but fell off the cliff into a triple-digit decline after pending-home sales dropped more than expected. Adding to the uncertainty in the market, Lehman Brothers fell to its lowest level in a decade amid market buzz that the brokerage is going to be unable to raise the capital it needs.
The Dow got a little bump at the opening bell but pared its gains after pending-home sales came fell more than expected. There had been little conviction in buying Tuesday as enthusiasm waned over the bailout of Fannie Mae and Freddie Mac and worries about the economy returned to the markets.
Stock index futures pointed to a flat open for Wall Street as enthusiasm waned over the bailout of Fannie Mae and Freddie Mac and worries about the economy returned to the markets.
Stocks ended mixed Wednesday as economic worries continued to rain down on the market and dampen the post-Gustav rally. All three major indexes had been negative for most of the day, but the Dow tip-toed over the line at the last minute, helped by a 5% gain in GM.
Stocks wobbled Wednesday as economic worries continued to rain down on the market and dampen the post-Gustav rally.
Stocks wobbled Wednesday as economic worries continued to nag the market and rain on the post-Gustav rally.
The Dow tumbled on Friday after a warning by computer maker Dell that companies worldwide are cutting back on technology spending spooked the tech sector.
The Dow and S&P were down slightly this week, but there was a lot of good news: oil doesn't rally despite Gustav, Russia; economic news more positive; financials stabilize; dollar maintains strength. The bad news is what could be called the tech problem.
Computer maker Dell shares fell 13 percent Friday, as both earnings and margins fell short of Wall Street estimates.
The Dow rose sharply on Thursday after the government reported the economy grew at a surprisingly robust clip in the second quarter and oil prices eased.
Dell reported a profit that fell well short of consensus expectations, punishing the company's shares in late trading.
Stocks advanced Thursday after second-quarter GDP was revised to show growth was more robust than first thought and oil receded to around $116 a barrel after earlier topping $120.
Computer maker Dell is scheduled to report its fiscal second-quarter results after the market closes Thursday. The following is a summary of key developments and analyst opinion about the period.
Investors are placing bets on Dell ahead of earnings Thursday. What should you expect?
The Dow fell sharply on Monday as credit concerns hounded financial stocks while global growth worries hurt big technology and industrial companies.
With Labor Day weekend coming this week, the markets have had a tough summer. Is this a normal part of "sell in May" or is this year different? Here's how this year compares.
Before your next trade find out... how to trade Dell ahead of earnings... how to trade oil in the week ahead... and whether commodities, banks and stocks can all trade higher at once!
Financials rebounded from Tuesday's sell-off but housing finance giants Fannie Mae and Freddie Mac plunged on growing concerns of a possible government bailout.
Major U.S. indexes ended a choppy session higher, helped by a late rally in banks and better-than-expected results from Hewlett-Packard.