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Stocks slipped slightly from session highs but still closed broadly higher Tuesday, led by gains in the energy sector, following a handful of economic news that helped boost market confidence.
Stocks pointed to a higher close Tuesday after a handful of economic data helped boost market confidence and after Fed chairman Ben Bernanke said failure to raise debt ceiling could result in severe market disruption.
Stocks rallied over 1 percent Tuesday following a handful of economic data that helped boost investor confidence and after China's robust industrial production report.
Despite all the excitement following LinkedIn’s IPO, which resulted in the share price more than doubling its first day on the NYSE, Kevin Ryan, founder and CEO of online retailer Gilt Groupe, is in no hurry to go public.
Whether you are looking at today's April Industrial Production, Capacity Utilization, or housing starts and building permits, the economic data was all weaker than expected.
Reprofiling? Default for Greece is clearly on the agenda. Jean-Claude Juncker, the head of euro zone finance ministers, says they are considering "reprofiling" Greece's debt, which seems to mean extending the maturities. Call it what you want—reprofiling, or a "soft restructuring," but S&P has already noted that extending maturities is a form of default.
Stocks closed mostly lower after a volatile week marked by swinging prices of commodities and currencies, as investors wrestled with the implications of a worsening European debt crisis and a global economic slowdown.
Stocks traded lower ahead of the close as the dollar rose, and financial stocks fell amid fears of a worsening European debt crisis.
Stocks in Europe were higher as German and French Q1 GDP were both above expectations, though Portugal had negative growth, while Spain and Italy eked out small gains.
Traders tell me that the Haute Look acquisition accounted for $0.20 lower, but since they only lowered by $0.15 if you ex-out Haute Look, they raised guidance by $0.05. Got that?
Energy heavyweights and top financial regulators head to Capitol Hill on Thursday, a cornucopia of retail data sets the tone for the earnings frenzy, and Cisco searches for its turnaround. Here's what we're watching…
Macy's got the retail earnings season off to a strong start: $0.30, well above the $0.18 consensus. Commodities sliding. And Chinese IPOs look worse and worse.
Important rotation today, as major indices move up midday. While all the major indices are just shy of new highs, there are some standouts.
As retailers begin to report their first-quarter earnings later this week, this much we know: Sales were strong online. But the same trend juicing e-commerce sales—high gas and food prices—also may be forcing consumers to put the brakes on their spending, and that could make retail stocks a tough sell after the first-quarter earnings results are out.
Nothing came out of the emergency meeting of European finance ministers over the weekend. Commodities are bouncing, including silver up 4-5 percent this morning.
The "Mad Money" host reveals his "Game Plan."
Stocks tumbled in the final hour of trading to close lower as investors took profits ahead of a key government jobs report on Friday, and as energy shares extended losses after crude oil plunged below $100.
Stocks tumbled in the final hour of trading as investors took profits ahead of a government jobs report on Friday, and as energy shares extended losses after crude oil plunged below $100.
The late timing of the Easter holiday helped retailers report April sales that outpaced analysts' estimates, however, there were some signs that consumers are facing increasing pressure from gas prices.
Retailers are expected to get a boost from a late Easter when they report their monthly sales on Thursday. The Thomson Reuters Same-Store Sales Index is expected to post an 8.4 percent increase in April, compared with April 2010's 0.7 percent gain. A rundown of the estimates.