Former JC Penney CEO Allen Questrom explains why Michael Kors' stock has dropped so much and why it's an industry-wide problem.» Read More
Stocks rallied more than 1 percent across the board Thursday, fueled by a handful of upbeat economic news and as oil prices declined amid talks of a peace plan in Libya.
Despite storms and rising gasoline prices, many retailers reportedly monthly sales managed to top analysts' estimates, but some warned of a weaker March due the timing of the Easter holiday.
Cash-strapped states combined with the rapid advancement of e-books could spell the end to the public library over the next 10 years.
Today's action suggests stocks may still be able to advance with oil at $100, but it's dicey above that. Mid-morning stocks weakened as oil moved to $102, but stocks gradually recovered even as oil has held in near $102. At 2pm ET major indices were flat, more up stocks than down stocks.
Stocks broke three consecutive sessions of losses to end higher amid light volume, led by financial and tech stocks, and as oil prices stabilized. Intel rose, while Microsoft fell.
Stocks broke three consecutive sessions of losses to climb higher, led by the technology and financial stocks, as oil prices stabilized at lower levels. Boeing fell, while Wal-Mart rose.
Stocks came off the highs of the session but still rose after a mixed batch of economic news, but as oil prices stabilized at lower levels. Intel gained, while Wal-Mart stumbled.
Stocks opened higher Friday, even after the second estimate for Q4 GDP, at 2.8 percent, came in well below expectations of 3.3 percent; the prior estimate was 3.2 percent. The recovery is clearly going to be slower than hoped, and joblessness is going to remain higher longer.
As the most volatile week in months winds down, investors are more likely to quietly square positions Friday, ahead of the weekend and month end.
What follows is a roundup of corporate earnings reports for Friday, Feb. 25.
Consumers are facing higher prices at every turn—interest rates, food, apparel, and now gasoline, all are on the rise. However, as crude oil prices crossed the psychologically important $100-a-barrel mark, there are a number of analysts who are not concerned about the impact energy prices will have on consumers and the economy—at least not yet.
The S&P is now up 6.8 percent for the year, and analysts and traders keep watching for the pullback that just doesn't seem to come. Turmoil in the Middle East, recurring sovereign debt concerns in Europe and now the idea of inflation all hang over markets.
While many analysts expect holiday sales numbers to be strong, Wall Street is expecting earnings conference calls next week to serve more as inflation strategy sessions than as quarterly reviews.
Thirteen retailers will give quarterly results next week, but which retail name has pricing power? The "Fast Money" traders discuss.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
The most recent whale-watch filings at the SEC become more interesting when you contemplate not merely who is betting on what but who is betting against whom.
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.
Retailer JC Penney should be trading “meaningfully higher” than where it is now, according to activist investor William Ackman, CEO of Pershing Square Capital and a newly-appointed JC Penney board member.
Retailers such as JCPenney, Target and Walgreens are partnering with magazines like Glamour, PeopleStyleWatch and Modern Bride to leverage their fashion authority to help sell everything from tops to bridal gowns to lipstick.
Fears that winter weather would result in disappointing retail sales may have been overblown, as several retailers have not only reported better-than-expected monthly sales reports, they are also raising fourth-quarter earnings estimates.