While J.C. Penney still has a long way to go in reaching its goal of $1.2 billion in EBITDA by 2017, it continued to show marked progress.» Read More
Stocks declined, with the Dow and S&P on track to closer lower for a fourth day, as investor worries about a slowing Chinese economy and debt troubles in peripheral European countries sent materials, energy and other commodities lower. Boeing and Alcoa fell, while Disney and Intel rose.
Stocks drifted lower after an initial bounce on an upbeat consumer sentiment reading as Stocks drifted lower again, after an initial bounce on an upbeat consumer sentiment reading, as investors worried about the effects of slower growth in China and debt troubles in Ireland and Portugal. Boeing and Merck fell, while Disney and Intel rose.
What follows is a roundup of corporate earnings reports for Friday, Nov. 12.
Stock index futures indicated a lower opening Friday, following weakness in global market on fears of higher interest rates in China and the worsening economic situation in Ireland.
Stocks may take a breather after the past week's drama, as investors assess the new political dynamic in Washington and the effects of the Fed's latest effort to pump up the economy.
Stocks surged to two-year highs on Thursday as all the major indexes rose beyond their closing highs for the year in the wake of the Federal Reserve's decision to buy $600 billion in Treasury bonds to boost the economy and news that President Obama said he was open to extending the Bush-era tax cuts to all income levels. JPMorgan and BofA gained.
Stocks continued to soar to new highs for the year Thursday, with banks getting a boost from news the Fed will allow "healthy" institutions to raise their dividends. BofA and JPM gain.
Stocks gained after President Barack Obama said he was open to extending the Bush-era tax cuts to all income levels. Boeing and Caterpillar gained.
Retailers largely reported better-than-expected sales in October, providing some momentum heading into the Christmas holiday shopping season.
Ahead of October's same-store sales results out Thursday, a retail analyst gives her best trades going into November.
Although retailers are expected to report monthly sales gains that are below last year's levels, there are still expected to be some bright spots in the report that bode well for the upcoming Christmas holiday shopping season.
Cramer makes the call on viewers' favorite stocks.
Plus, a call on the energy stocks.
The year’s most popular discount shopping event, Black Friday, referring to the Friday after Thanksgiving, is arriving ahead of Halloween this year, with some promotions beginning this week and others throughout November, reports the New York Times.
Stocks closed higher as Citigroup's earnings lifted bank stocks ahead of a cluster of earnings reports this week, including Apple and IBM, which report after the market closes. Bank of America and JPMorgan rose, while Intel and Home Depot fell.
Stocks rose as Citigroup's earnings lifted bank stocks ahead of a cluster of earnings reports this week. Bank of America and JPMorgan rose, while Intel and GE fell.
In a bid to capture younger shoppers and recoup market share lost to stores like H&M, Forever 21 and Zara—which churn out runway-inspired looks at bargain prices—JCPenney bowed in-store shops from Spanish chain Mango; Macy's rolled out the Material Girl line from Madonna; and Sears unveiled “Now+Here,” a fast-fashion junior and apparel department.
Stocks turned mixed as Citigroup earnings lifted bank stocks, but a decline in tech stocks took strength out of the Nasdaq. JPMorgan and Exxon Mobil rose, while Intel fell.
J.C. Penney has put in a poison pill that prevents any other shareholder of exceeding a 10 percent stake in the company.