J.C. Penney said it is pursuing the potential sale and partial leaseback of its headquarters building in Plano, Texas in an effort to cut costs.» Read More
Poor weather in early May and a still cautious consumer translated into a mixed bag for retailers in May, underscoring the fragile state of the economic recovery at this stage.
A pair of well-known investor newsletters are advising followers to sell stocks and move into all-cash positions.
The Dow tumbled over 100 points, or 1.1 percent, led by financials, as the dollar gained against the euro. Walmart was the lone gainer on the Dow. Oil ended below $70 for the first time this year.
Stocks continued to slide in choppy trading Tuesday as the dollar gained against the euro. Financials were the biggest drag after Germany issued a proposal to ban naked short-selling.
Stocks erased their losses in the final half-hour of trading Monday as consumer and tech stocks advanced.
Stocks declined Monday as steep slides in commodity prices hit energy and materials, while a weak Empire State manufacturing report put a damper on investor sentiment.
Stocks wobbled Monday as investors weighed a slew of M&A activity against a disappointing Empire State manufacturing report and weak outlook from Lowe's.
The Dow ended sharply lower Friday as growing worries about Europe overshadowed encouraging economic data. Still, the blue-chip index ended up 2.3 percent for the week.
Stocks fell heavily Friday as worries over the growing European debt crisis trumped some encouraging U.S. economic data. Financials, materials and techs were the biggest decliners.
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...