Futures turned down about 6 points at 8:30 AM as Morgan Stanley reported a loss of $0.57, much worse than the loss of $0.08 expected. This officially ends the streak where banks have beaten estimates. Top line miss was rather large: $3.0 billion vs. $4.8 billion expected.
A strong mid-morning rally. While ISM a tad better than expected helped at 10 AM ET, and pending home sales were also "less worse" than expected, don't kid yourself.
What's next? With the end of the quarter, two events are on the minds of traders: 1) the Financial Accounting Standards Board (FASB) meets on mark-to-market Thursday. And: 2) earnings guidance. Alcoa kicks off earnings season this Monday. Everyone believes that guidance will be downbeat and generally below expectations.
The Lightning Round is extended in this CNBC.com exclusive feature.
Instead of asking what Warren Buffett has been buying, we should have been wondering what he's been selling. Berkshire Hathaway's stock portfolio snapshot for the end of the fourth quarter reveals its holdings in Johnson and Johnson have been slashed by more than half.
Futures are essentially flat this morning, but don't kid yourself. Every comment from traders I have received this morning sings the same song: we must get government policy sorted out in the next few weeks, or the market will make new lows.
Spending on U.S. nonresidential construction projects will fall both this year and next as builders delay or cancel plans for hotels, office buildings and retail facilities, an architects' group predicted Wednesday.
Cramer makes the call on viewers' favorite stocks.
Stocks declined Thursday as worries about General Electric's credit and the fate of the auto industry weighed on the market.
Warren Buffett's Berkshire Hathaway sharply increased its stake in ConocoPhillips this spring and summer, accumulating a total of 84 million shares as of the end of the third quarter on September 30, according to Berkshire's just-released quarterly portfolio filing with the SEC.
Cramer teaches viewers how to find the stocks that work in this market.
The final week of October promises to be volatile and even scary, but traders are holding out hope that it's the month where stocks finally hit bottom, even if it means another stinging downdraft before it's over.
Despite the stock market sell-off find out why Karen Finerman and PIMCO's Mohamed El-Erian say they're more optimistic now than they've been in a while.
Friday couldn't come fast enough for stock investors. Thursday, like most of the week, was punctuated by wild, gut wrenching swings. Friday doesn't look like it will be much different.
Remember Crazy Eddie? Well, now CEO’s are saying their stock prices are insane.
...So goes the market? It sure looks that way. Plus, Cramer offers his take on what might be a great value play.
To buy or not? That's the question facing traders today. Note that while financials are strong, the rest of the market is quite erratic. Only 4 of the 10 S&P sectors are up. That's due to questions about the global economy and earnings.
The US government will 1) take a $250 billion equity stake in the form of preferred shares which cannot be redeemed for three years, 2) guarantee bank-to-bank lending, and 3) remove deposit insurance levels for non-interest bearing accounts.
These former drivers of the world economy have all but disappeared. What’s an investor to do now?
Update: The House is moving quickly. They already have a Discussion Bill in circulation regarding the Treasury’s proposal. (READ STORY TO SEE IT.) The Dow moved in a 300 point range (which is normal for the past couple of weeks) today to end near the lows, but the volume has been much lighter than last week.