While many U.S. business sectors are being hurt by the rising dollar, there's one that is reaping its benefits.» Read More
Stocks bounced back from a weak open after a better-than-expected report on manufacturing.
Wall Street's bulls are still running but they are no thundering herd heading into Thursday's market, which promises to be ruled by the economic data du jour, and the rise and fall of the price of a barrel of oil.
Are retailers good for a short-term trade if they continue to top low expectations?
Freddie Mac's earnings may hold the answer, Cramer says.
Retailer Macy's reported a quarterly loss Wednesday as a difficult retail environment hurt sales and it incurred costs from a restructuring.
Wall Street is increasingly worried that bubbling over oil prices will scald the economy and the stock market. That's just one concern for traders in the week ahead which also has inflation data, retail sales and housing numbers. There are also earnings reports, TV networks' upfronts for advertisers, and plenty of Fed, Fed, Fed.
As expected, the ECB and the Bank of England left interest rates unchanged; the ECB at 4.0 percent. Futures dipped a bit at 8:50 am ET as Mr. Trichet began talking, giving his usual speech on the importance of combating inflation.
Big US retailers are expected to show a slight improvement in April sales on Wednesday, but Wall Street still expects signs of weakness.
Wall Street has been busy figuring out where and when consumers will spend their rebate checks, even as the latest consumer sentiment numbers show U.S. consumers are more distressed than they've been since 1982.
Retail sales results were almost universally in the red in March--but--retail stock prices were trading in the green. Why? Many on Wall Street were prepared for the weakest sales results in 13 years and that is indeed what we got on Friday.
Retail analysts had been expecting weak sales in March, but an early Easter holiday, chilly weather and recession-wary consumers combined to deliver March sales that were even drearier than expected.
March retail same store sales were weak, outside of discounters. Remember companies and analysts have been aggressively taking down first quarter estimates for over a month (as well as same store sales), but companies like JC Penney, Target, Gap, Abercrombie, and Kohls were all notably below expectations on same store sales.
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Earnings season kicked off Monday, and investors are bracing for some fairly ugly results, especially in the beaten-down financial sector.
As investors come to terms with the fact that the U.S. economy is either in or heading toward a recession, Wall Street is bracing for earnings season, which kicks off Monday with Alcoa.
For the week ending Friday, March 28, 2008 the US Markets ended mixed after starting on a high note Monday extending last week's market rally. The winning streak came to an end on Tuesday when the Dow closing down for the first time in three sessions. The NASDAQ had the strongest performance of the week managing a positive gain despite weak earnings from Oracle and poor performance from Google . Economic data dragged on the markets with consumer sentiment and confidence at low levels and negative housing data.-Next week the markets will watch Friday's jobs report for evidence of recession, and any revisions on guidance as we move into earnings season. Alcoa kicks off "official" earnings season on Monday, April 7th after the bell. The big companies for next week all hit on Wednesday with RIM , Monsanto and Best Buy all reporting earnings.
J.C. Penney lowered its first-quarter earnings forecast, saying sales through the Easter holiday were "well below expectations."
The talk today is not about stocks but about Jimmy Cayne selling his Bear Stearns stock for $60 million. Yes, he sold it for only $10 and change, far below the $175 peak and its $57 price just a few weeks ago, but don't kid yourself. This was bad timing.
Well, you knew it would happen--"sell the rally," except this time it's come a few days after the rally. The dollar is getting hit again as the ECB has make it clear they are unlikely to lower interest rates.
I declare the celebrity fashion line trend over to be over at this moment. Please, let it be over. Let me explain. Rachel Bilson, the 26-year old actress from the former Fox teen drama "The OC," now has her own line of denim with DKNY jeans.