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U.S. stocks managed to close the week in positive territory, up about 1% or greater. The Dow Jones industrial average settled above the 10,000-level twice this week, reaching its highest close in a year.
Stocks pared some of their earlier losses but were still lower as disappointing results from Bank of America and General Electric eclipsed strong results from big techs.
Futures drop as traders lighten up on crowded longs. S&P futures weakened after 6:30 AM, when our parent General Electric came out with earnings, and have weakened further as the morning has gone on.
Stocks skidded at the open Friday as disappointing results from Bank of America and General Electric eclipsed strong results from big techs. They slid further — with the Dow down 100 points — after a report showed a surprise drop in consumer sentiment.
Futures indicated a lower open for Wall Street Friday, as mixed earnings from General Electric eclipsed strong results from big techs.
Earnings reports from General Electric and Bank of America are the big numbers for markets Friday, and they matter nearly as much in the foreign exchange and Treasury markets as they do in the stock market.
After hours the Fast Money traders were closely watching the action in IBM and Google as they sorted through earnings reports from both companies.
The Dow pulled off a nearly 50-point gain Thursday after a topsy-turvy session as the boost from oil's rally ultimately beat out disappointment in earnings from Goldman Sachs and Citigroup.
IBM: more sell on the news…. down 5 percent after the close…earnings and guidance was just not enough, it’s a simple as that.
The company soundly beat on the top and bottom lines, with $2.40 a share on $23.6 billion. And most importantly, IBM did indeed raise its full year EPS guidance, from $9.70 to $9.85 a share.
While the Dow’s financial stocks have been by far the best performing stocks since that low, other industrial and tech stocks have actually been the primary source of the Dow’s move higher.
Investors are preparing for this afternoon when tech titans Google and IBM will report their corporate earnings. What is the best investment play in the technology sector? Robert Cihra, tech hardward analyst at Caris & Company and Benjamin Schacter, Internet analyst at Broadpoint AmTech shared their views.
The IBM model is turning into something of a playbook for other massive tech companies looking to come up with a new, more efficient, streamlined way of banking profits.
The amazing thing about Google ahead of its earnings tonight is the lack of humility.
Traders applied the brakes Thursday, a day after the Dow topped 10,000, as Goldman Sachs and Citigroup proved no match for Wall Street's inflated earnings expectations.
Bank stocks slipped Thursday after results from Goldman and Citi failed to live up to heightened expectations. Is the dip a buying opportunity?
Google, IBM and AMD are the next tech giants to report earnings after the bell on Thursday. So what should investors expect? David Eiswert, portfolio manager at T. Rowe Price Associates, shared his insights.
Stocks pared their losses Thursday after a third straight positive Philly Fed reading — the first time that's happened in two years. Stocks had opened lower after disappointment in earnings from Goldman Sachs and Citigroup.
After Wednesday's stellar market performance, stock index futures indicated a lower open for Wall Street on Thursday as investors take a breather and evaluate their next move.
The Dow crossed the 10,000 level and all of sudden the bears grew quieter.