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.
Intel's report was blockbuster, plain and simple, and the key takeaway is that the news isn't merely "less bad," but finally "good
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.
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!