All major U.S. Indices ended the week in positive territory, led by a 4.46% gain in the NASDAQ Composite Index. Commodity prices continued to fall broadly across the board, with oil prices tumbling $9.90 this week.
"[The] stock market: a loser across the board. It was a loser early, it stayed a loser and became a bigger loser as the day went on," Dylan summed up Thursday's trading with that one statement, as AIG and Wal-mart lead the Dow's one-day, 225-point dive. A few lone tech stocks were the only winners in an otherwise distressed market. Adding to the bearish environment was the morning's new jobless claim numbers, the highest reported in several months.
Stocks ended near session lows as oil ended above $120 a barrel and two Dow components missed the Street's targets.
Stocks pared some losses Thursday afternoon as oil prices flattened out. Putting pressure on stocks today was a quartet of dismal news: a rise in jobless claims, oil's resurgence, Wal-Mart's sales miss and AIG's wider-than-expected loss.
Q: On Fast Money's trader radar we look at the stock lighting up screens across Wall Street today. This department store chain began 100 years ago as a single store called 'The Golden Rule'...
Stocks opened lower, clipped by a quartet of dismal news: a rise in jobless claims, oil's resurgence, Wal-Mart's sales miss and AIG's wider-than-expected loss. But a better-than-expected report on home sales helped shave a few points off the decline.
Early July sales results from retailers have been disappointing, with many falling short of analyst estimates. It also appears that the benefit from tax rebate checks is beginning to wane.
Futures are down nearly 10 points, not surprising given AIG, a strange but generally disappointing retail sales report, and jobless claims higher than expected.
Investors will get a glimpse of how much cash-strapped consumers are willing to spend in the key back-to-school shopping season when major U.S. retail chains release July sales results Thursday.
Following are the day’s biggest winners and losers. Find out why shares of SunPower and Davita popped while Marriot and J.C. Penney dropped.
Retailers, including Wal-Mart Stores, are posting solid same-store sales growth in June, as expected, as seasonal weather and tax rebate checks helped get consumers to the store.
Two weeks ago, I said I haven't seen the Street so bearish since just after 9/11. This morning Investors Intelligence reported that their Bull/Bear survey of financial newsletter writers fell to 27.4 percent bullish, the lowest reading since July 1994. Bears rose to 47.3 percent, the highest since 1995.
U.S. retailers, led by the discounters, are expected to post slightly better June same- store sales this week, thanks to seasonal weather and rebate checks that have made their way to cash registers, mostly for basic items such as gasoline and food.
Anyone who has managed to forget about fuel prices long enough to enjoy a little retail therapy knows some steep discounts are available these days, the New York Times reported.
Until these companies start closing down stores, Cramer says sell, sell, sell.
Consumers stepped up their shopping in May after the tax rebate checks hit bank accounts, giving many of the nation's retailers a boost and helping them to top analyst estimates.
Following are the day’s biggest winners and losers. Find out why shares of Humana and Medtronic popped while DryShips and J.C. Penney dropped.
Stocks finished mixed as an early rally fizzled and weakness crept into techs, retail and housing.
For the week ending Friday, May 16, 2008, the U.S. Equity Markets ended the week up with all of the major indices up ~2% or more as stocks gained from M&A news, easing inflation worries, and strong earnings results. Oil and gasoline continued to hit new record highs as the dollar declined against major currencies.
The Dow made double digit gains Thursday as a battle to control Yahoo boosted the technology sector and a pullback in oil eased concerns about inflation. What's the "Word on the Street?"