U.S. stocks closed lower as oil prices weighed and the market consolidated ahead of next week's Fed meeting. » Read More
Stocks are roaring this week. A 6 percent surge is being fueled by better-than-expected earnings — profits that make capitalism go. Earlier this morning, on the heels of stellar results from Goldman Sachs and Intel, JPMorgan Chase announced record net revenues that easily beat analyst estimates. The bank’s second-quarter profits rose 36 percent from a year earlier.
In our July 1 email blast, we speculated that after a nearly 100% rise in the S&P Financial Index from the March 9, 2009 lows, further strength in the overall market may have to come from a different sector(s). Well, as of right now, we're wrong.
The stock market decided it loved Intel's earnings report more than it loved my guess that we had to correct a bit more of the rally from the March lows. Intel's very solid earnings, and more important its outlook for the next quarter, caused the shorts to run for cover and the market averages rose about 3% across the board.
Intel reported a profit excluding one-time items that was lower than last year but which blew out analysts' expectations.
The first days of earnings season seem to have lit a fire under the stock market, but investors are wondering if this week's rally is for real or just a bunch of smoke.
Here’s the next tech stock that could blow away the numbers when it reports earnings.
The chipmaker wowed Wall Street with better-than-expected profits. The question now is – how do you play it?
By the closing bell stocks recorded their best three days of gains since the rally began in March. In fact the S&P 500 has gained 6.1% so far this week and it's only Wednesday.
Mike Williams of Genesis Asset Management and Douglas Roberts of ChannelCapitalResearch.com shared their investment strategies. (Part One)
Mike Williams of Genesis Asset Management and Douglas Roberts of ChannelCapitalResearch.com shared their investment strategies. (Part Two)
Stocks closed sharply higher as a day-long rally gained steam after the Federal Reserve said the recession would end soon but that unemployment will continue rising.
Opinions about today's rally are all over the map: 1) it's an options squeeze, and 2) hedge funds have been caught short. Regardless, the good news is the rally is being fueled by far more than Intel.
Intel's earnings results have set the state for the next leg of the chip rally, said Craig Berger, senior technology analyst at FBR Capital Markets — but he says investors can do better.
Virtually every positive story for the U.S. market today can be linked back to China and Premier Wen Jiabao's stimulus plan. How can you ride the China wave?
Technology stocks rose more than 2 percent Wednesday following encouraging earnings, while a slew of economic reports fueled the notion the economy was showing stronger signs of a turnaround and boosted the broader market.
Both the Dow and S&P powered higher after solid results from Intel reinforced hopes for an economic recovery and a rebound in technology spending.
Recent reports on consumer prices, New York manufacturing, industrial production and mortgage applications each provided hope for the economy. Can investors believe that the recession may be over? Chief economists Dan North at Euler Hermes ACI and Stuart Hoffman of PNC Financial Services discussed their views.
Stocks jumped on Wednesday following a slew of economic reports that fueled hope that the economy is starting to rebound. Coupled with a fairly strong start to earnings season, investors continued a rally that began Monday, focusing Wednesday on technology leaders. Read and listen to what the experts had to say...
Stocks are roaring ahead again today — up over 150 points — after holding the high ground yesterday and following Monday’s huge rally. Even a sub-par retail sales report didn’t stop retail stocks from posting a 1.6 percent gain.
Intel and Goldman Sachs posted strong quarterly earnings; and two key manufacturing indexes showed signs of recovery Wednesday. What does it all mean for the stock markets? Art Cashin, director of floor operations for UBS Financial Services, offered CNBC his insights.