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Stocks opened lower Wednesday as Intel's after-hours earnings report the day before dragged down tech stocks and a warning from Wal-Mart hit the broader indexes.
Art Cashin, floor manager for UBS Financial Services, offered CNBC his insights into what traders expect for Wednesday.
Second-day comments on the numbers from Goldman Sachs were significantly less enthusiastic, with fresh questions about the integrity of the stress tests, new worries about runs on banks that scored low on the stress tests. One pro added a new letter to the recession alphabet; others were more optimistic, but still wary about the financials, and suspicious that the market is overbought and ready for some profit-taking.
"Fits and starts," less bad"...all the phrases traders are using to describe the murky state we are in. In the past few weeks, traders have clearly focused on the "starts," on the positives.
Investors with so many reasons to take profits (busiest week for earnings reports ahead, the release of bank stress tests, poor economic data) are clearly biased toward owning stocks.
Intel: are PC sales really bottoming? After the close intel reported earnings that beat expectations, and while they gave cautious revenue guidance trading desks are focused on Otellini's comment that PC sales had bottomed out in the first quarter.
Stock futures indicated a mixed open Wednesday as Intel's after-hours earnings report the day before dragged down tech stocks.
The Consumer Price Index fell -0.1% last month. The core rate, excluding energy and food, rose 0.2%. Here is a breakdown of the inflation benchmark to show you where costs are rising most.
Stocks are struggling against a wave of economic and earnings news, but traders say it's not a bad thing that the market is giving up gains this week.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Will quarterly results from Intel, released after the bell, drag down the Dow at Wednesday's open?
Stocks ended near their session lows Tuesday after a report showed retail sales unexpectedly dropped in March and as worries about banks simmered ahead of some key earnings.
It's not often the CEO's comments can overshadow an entire earnings report, but that's what might be happening with Intel and the company's first quarter report.
Stocks recovered late yesterday in anticipation of Goldman's blowout numbers and now are off their lows today ahead of Intel's report after the bell.
This was going to be a dicey quarter no matter how you slice it for Intel, with analysts anticipating a paltry 2 cents a share in earnings and the very real possibility that the company could report its first loss in something like 87 quarters.
Stocks opened lower Tuesday after a report showed retail sales unexpectedly dropped — and dropped sharply — in March. But Citigroup, Bank of America and General Motors advanced.
Stock futures retreated Tuesday after a report showed retail sales unexpectedly dropped -- and dropped sharply in March.
What's the trade ahead of Intel earnings on Tuesday. Also Pete Najarian has spotted unusual options action in Marriott!
Stocks ended mixed in a dramatic finish Monday as the market was buzzing about President Obama's press conference on the economy tomorrow.
Stocks retreated Monday after a five-week rally as investors braced for this week's round of earnings and a potential bankruptcy filing by General Motors.