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With stocks under pressure and the euro tumbling to 18-month lows on Friday, Warren Myers, CEO of Walter J. Dowd, and Art Cashin, director of floor operations at UBS, shared their market insights.
Stocks continued to lose ground Friday as worries about the European debt crisis overshadowed somewhat encouraging US economic data.
U.S. and European banks are both lower, for three reasons. With the exception of gold and gold stocks, commodity stocks are down 2-3 percent as energy and base metals weaken with the Euro falling below $1.25 today. And credit-card companies have their own troubles.
U.S. stock index futures pointed to a slightly lower open Friday as investors waited for a batch of key economic data while Europe pushed on with its wave of austerity measures.
Retailers were weak all day after disappointing guidance from Kohl's early this morning.
What follows is a roundup of corporate earnings reports for Friday, May 14.
That didn't last long: euphoria over the EU deal already wearing off: Spain down 5 percent, Portugal down 3 percent, Italy down 2 percent...euro weakness resumes. At least Germany backed the plan. But some are arguing that letting the euro continue to devaluate will be a long-term help to the EU economy.
The volatility that zapped stock prices in the past week could continue to deliver some jolts in the week ahead.
Stocks were hammered Tuesday, logging their worst decline in months amid worries that the European debt crisis will spread and that Spain might be the next to need a bailout.
The Dow plunged more than 200 points Tuesday as the dollar rallied against the euro amid worries about the European debt crisis.
The new reputational/political risk associated with the market in key stocks (BP, Goldman, Massey) is the biggest story of the week. A good example of the uncertainty in the trading community is a note sent out by Buckingham Research this afternoon regarding Goldman. It is titled: Litigation/Political Risk Too Difficult to Handicap...
Cramer thinks this company could be the next in its group to deliver an upside surprise, and he wants you in ahead of the quarter.
After closing not far from the lows on Friday, the S&P 500 closed at its high yesterday and is sitting just off the highs for the day as of this writing. Volume is again trending toward the heavy side.
Stocks rose for a sixth straight dayas investors cheered a pair of solid manufacturing reports and shrugged off a jump in jobless claims.
Stocks rose Thursday in mid-afternoon trading, following a five-day winning streak as investors digested a jump in jobless claims against a pair of solid manufacturing reports.
The Dow briefly popped above 11,000 -- the first time it's reached that mark since September 2008 -- before settling a few points below. Chevron blazed the trail, making energy one of the day's best performers. Palm surged amid takeover rumors.
The Dow continued rising toward 11,000 Friday as the dollar fell after a Greek official said the debt-riddled nation has not yet sought financial aid. Energy and consumer discretionary were among the best performers.
The S&P retail index recently hit a 52-week high after the nation’s major chain stores delivered some of the best sales results in a decade. Patrick Dunkerley, lead portfolio manager at Scout Mid Cap Fund and Patricia Edwards, CIO and retail analyst at Storehouse Partners shared their best retail plays.
Stocks advanced Friday as commodity prices rose and the dollar fell after a Greek official said the debt-riddled nation has not yet sought financial aid.
Warm weather, an early Easter and a more confident consumer appear to have boosted retail sales in March, with many of the retailers who have reported results so far topping analysts' estimates.