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 fell sharply at the opening bell Thursday as oil clawed back some gains and a report showed jobless claims unexpectedly rose last week.
Futures indicated a lower open on Wall Street as oil clawed back some gains, and fell further after a report showed jobless claims unexpectedly rose last week.
Commodities were lower, but once again it was no help for stocks. Commodity stocks were again sold off.
As commodity prices decline, the retail sector revs up.
Stocks finished lower Tuesday as weakness in technology stocks sucked the air out the earlier rally inspired by oil's drop and the dollar's surge.
Stocks came charging out of the gate, inspired by oil's drop and the dollar's surge, but weakness in technology stocks sucked the air out of the rally.
Stocks kicked off September with a rally, inspired by the more than $7 drop in oil prices and a surge in the dollar.
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Calling all shoppers: If the presidential elections were held today, for whom would you vote? It turns out your shopping habits could be an indicator of that decision, according to a recent survey.
Automotive advertising has taken a nosedive across advertising mediums, hitting TV advertising particularly hard. And now one of the biggest nights on TV all year is losing its big auto advertiser, General Motors, which has been one of its biggest overall advertisers.
While second-quarter earnings may have cheered investors, the darkening outlook for the third quarter may crash the party.
Medal Round - Day 6: With only days to go before the end of our World Markets Olympics Challenge, the USA seems to be pulling away. Switzerland has pulled back into second and Australia is in third. Who will finish the week strong and grab a medal?
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.
For the week ending Friday, August 15, 2008, U.S. major Indices finished mixed, after the markets digested negative results including a surge in CPI, a decline in retail sales, and continued expansion in unemployment claims. The Nasdaq Composite prevailed amongst the major U.S. indices, as it edged up 1.59% for the week, marking its fifth week of gains. Nasdaq gains were led by bullish comments on Amazon (AMZN) which gained 7.3% for the week. The likelihood of the eurozone moving toward recession allowed for a stronger dollar against the euro, continued pressure on oil, and a positive impact on U.S. stocks as a potential safe haven.
Stocks ended a mundane week mixed, despite modest gains Friday fueled by plunging oil prices that nevertheless couldn't offset a cautionary trading environment.
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J.C. Penney said on Friday quarterly profit fell 36 percent and forecast earnings for the current quarter below Wall Street expectations, hurt by cutbacks in consumer spending.
Wall Street shook off more signs of consumer weakness and instead focused on plunging oil prices, sending stocks up as financials continued to gain.
Yesterday it was Europe announcing weak economic growth, today it is Hong Kong, where Q2 GDP fell by 1.4 percent quarter-over-quarter. Year-over-year, GDP rose 4.2%, the slowest gain since Q3 2003. Higher costs from China, as well as weaker demand, was the culprit.
It's hard to see Friday's markets as anything but volatile after this past week's wild swings. But if there are no out of the ordinary events, traders say the stock market just might quiet down late in the session as investors head off for one of the final weekends of the summer.