That we didn't see it is a good sign. This is what is called a "consolidation phase," and while it does not guarantee the rally will continue, it is an encouraging sign.
Another day, another rumor that AK Steel is going to be taken over. While we have no information that can confirm or deny the interest, we do note unusually high options activity.
As construction-related names pick up steam with President-elect Obama's infrastructure plans, Century Aluminum is moving higher and seeing increased options activity.
Following are the day’s biggest winners and losers. Find out why shares of Goldman Sachs and Ford popped while Chesapeake Energy and eBay dropped.
Options traders are showing bullish activity today in Nucor, the U.S.' largest recycler of steel scrap, which is down 70 percent from its summertime high. So what does this mean for you?
The Dow staged a monster rally on Thursday, as bargain hunters rushed back into the market to scoop up beaten-down shares.
Like most analysts, Rod Lache has concluded that a government bailout is not likely to help the shares, that even with a bailout GM's future, if it is not in bankruptcy, is likely to be "bankruptcy-like."
The Dow picked up gains on Friday with investors gobbling up shares of commodity and tech stocks currently trading at multi-year lows.
Stocks sold off on Thursday in their worst two-day slide since October 1987 with disappointing corporate outlooks and bleak sales from major retailers fueling invsetor fears.
The Dow plummeted on Wednesday, a day after Barack Obama's historic victory, as a fresh batch of dismal economic data underscored the massive challenges awaiting his administration.
I can make excuses for the selloff, if you want: 1) the volume is light, 2) there has been no concerted wave of selling, just buyers walking away, and 3) we have had a rally for the last week and a half and can't expect to go too far.
The average stock is down about 2.5 percent midday, with particularly weakness in some commodity and energy names. ArcelorMittal's announcement they would be cutting steel production is weighing on steel, iron ore, and coal companies.
Futures are down, but don't read this as a refutation of President-elect Obama. The S&P 500 has moved 11 percent in the past week, and many traders went home short on simple profit-taking.
The Dow surged higher in an Election Day rally, with investors looking forward to the end of the uncertainty surrounding the long fight for the White House.
The Lightning Round is extended in this CNBC.com exclusive feature.
These stocks look like they should be bought, right? Here's why they can't be.
Commodities are unwinding -- but Bob Richards, Longbow Research analyst, says steel stocks are only going to get stronger. "There are systemic reasons for prices to stay high," Richards assured investors.
For the week ending Friday, August 22, 2008, the U.S. major Indices fell for the week on the unknown future of mortgage giants Freddie Mac and Fannie Mae, downbeat home construction July data, and soaring producer prices. The NASDAQ Composite performed the worst for the week, declining 1.54%, its steepest decline since Independence Day week. However, Friday was a positive day for the markets helped by a welcome speech by Federal Reserve Chairman Ben Bernanke and a pull back in the price of crude. The Dow had three days of triple-digit point gains & losses, netting to finish almost flat for the week.
The Dow edged higher on Friday, as the continued drop in oil fueled stock market optimism. However the Fast Money traders have their eye on Goldman Sachs.
Things may be looking pretty grim for the European economy, but is there still money to be made from understanding how consumer trends are shifting? Here are some opinions on which areas might be more profitable than others in the current environment.