Dow Jones 10,000 arrived on Wall Street Wednesday for the first time in a year. It’s a milestone of sorts, and it certainly represents a vote for investor confidence in economic recovery. Blowout profit reports form Intel and JPMorgan helped fuel today’s 145 point gain. So did a retail sales report that excluding Cash for Clunkers was actually quite strong.
The news was deservedly dominated by Tuesday's better than expected Intel report and then by the superb earnings announcement from J.P. Morgan. Jamie Dimon knows how to run a financial company. But as good as the earnings news is shaping up to be, at least in these early stages, the area that produces over 60% of jobs in America is still struggling.
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.
One benefit of the recession is that inflation is nowhere to be seen, as consumer prices have barely grown in months.
While cheers could be heard on the floor of the New York Exchange when the Dow broke the 10,000 mark on Wednesday, Bill Smith, CEO and president at SAM Advisors, said the move did not have much significance.
You can’t believe a word they say.
Stocks rallied on Wednesday and the Dow closed above10,000 for the first time in over a year. Rick Bensignor, chief market strategist at Execution and Jill Evans, co-portfolio manager at Alpine Funds, discussed what lies ahead.
Stocks rallied Wednesday and the Dow broke through 10,000 for the first time in over a year, fueled by strong earnings from JPMorgan and Intel.
On Wednesday, the Dow broke above the 10,000 level for the first time in a year with bulls driving stocks higher on stronger-than-expected earnings.
The Dow crossed above 10,000 today for the first time in over a year. The first time the Dow crossed the 5-digit market was back in March 1999. See how the who's who in market cap leaders has changed since then.
Financials are leading stocks higher as the Dow marches toward the critical 10,000 milestone. So how high can we go this year? Dan Genter, president, CEO and CIO of RNC Genter Capital Management and Dan Fitzpatrick, president at Stockmarket Mentor, discussed their market outlooks.
Intel’s quarterly outlook and results shattered expectations on Tuesday afternoon, boosting its shares to a 52-week high and fueling optimism over a tech sector recovery before the crucial holiday season. Craig Berger, senior technology, media and telecom analyst with FBR Capital Markets shared his insights on the microprocessor giant.
Not all earnings are created equal. Find out which numbers matter most to the Fast Money traders!
It's more than a motto; it's a way of life on "Options Action." We like to risk less to possibly make more. And last week, Dan Nathan - chief options strategist at Phoenix Partners Group nailed it with Intel.
The stock rally could have legs after a line of better-than-expected third-quarter earnings reports, but Art Cashin, head of floor operations at UBS, said he isn't yet convinced.
Dell Inc. Chief Executive Michael Dell said the business climate was improving and repeated his expectation for a "powerful" hardware refresh cycle beginning next year.
As the Dow flirts with its first trip to the 10,000 level in a year, you might not want to get too excited. BNY Mellon's Chris Sheldon says it is more likely to be a non event than not. It also won't likely change the direction of the stock market, which he says is higher for now.
Stocks rallied Wednesday, with the Dow homing in on 10,000, after JPMorgan and Intel got earnings season back on track and retail sales fell less than expected.
The National Association of Business Economists - and don't we all want to be part of that convention at party time! - issued a report the other day that doesn't ring true to me.