The Dow dropped more than 200 points, or 2 percent Thursday as traders shook off encouraging earnings from Goldman Sachs and eBay, worried more about China and Obama's plan to crack down on Wall Street.
Great news! We're growing too fast. China's GDP surged 10.7 percent in the fourth quarter compared to the same period a year ago, above expectations of a gain of 10.5 percent. Economic growth for 2009 came in at 8.7 percent. The minimum usually cited to continue to create jobs is 8 percent, so by any measure China is in good shape (assuming the numbers are accurate).
Concerns about monetary tightening in China hit investor sentiment before hours, with stock index futures pointing to a lower open for Wall Street.
What follows is a roundup of corporate earnings reports for Thursday, Jan. 21.
Stocks are losing steam this afternoon, with the Dow posting a triple-digit decline for its worst showing so far in the New Year. Dragging down the markets today are the financials, which is the lagging sector on the S&P 500. Weighing on that sector today: still little evidence of improvement in bank credit losses following JPMorgan’s report this morning.
lntel's after-the-bell earnings will be a high point Thursday, providing a window on how tech could perform for the fourth quarter. But before that, markets will consume retail sales data and jobless claims at 8:30am, and business inventories at 10am.
Following six days of consecutive gains since the start of 2010, stocks in the S&P 500 have posted an average gain of 3.6%. Here is a look at the best and worst performing stocks so far this year.
Plus, get the Mad Money host’s projections for 2010 and more.
Cramer makes the call on viewers' favorite stocks.
With Monday's extension of the current rally, all but one of the S&P 500 now have market caps over $1 billion. 32 of these are still trading for less than $10 per share.
The best stock-market rally since 1935 has pushed 93% of the stocks in the S&P 500 above their 200-day moving averages. As upward momentum builds on the market, could some of the laggards be poised to pop?
Stocks finished lower after well-known banking analyst Dick Bove downgraded his rating on Wells Fargo.
Stocks advanced Wednesday as investors were encouraged by a few earnings reports, including Morgan Stanley, Yahoo and SanDisk. The VIX, widely considered the best gauge of fear in the market, dropped to just above 20.
Stocks opened lower Wednesday as a raft of companies beating earning estimates but failed to impress investors.
Earnings season continues in earnest Wednesday, as we roll on with a week that will ultimately see 25 percent of the S&P 500 report their quarterly numbers.
Charles Bobrinskoy, vice chairman and director of research at Ariel Investments and Marc Harris, co-head of Global Research at RBC Capital Markets shared their insights on where to invest in a low volume environment and what investors should be watching for next week.
OptionMonster's tracking systems detected significant purchases of the September 4 puts, which traded more than 25,000 times against open interest of 5,907 contracts. Premiums climbed from $0.10 to $0.20 as the stock price remained little changed, which indicates a strong buying pattern.
Banks are getting ready to release foreclosed properties onto the markets, which will naturally have an impact on housing and banks. So are banks taking on too much risk? Fred Cannon, co-director of Research at KBW, and Charles Ortel, managing director at Newport Value Partner,s shared their insights.
The Dow, S&P 500 and Nasdaq Composite are trading at levels not seen since the Fall of 2008. As the stock market gains steam, the following statistic may provide guidance to investors as per where the markets stand relative to previous levels.
Plus, get calls on the banks, natural gas and more.