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Futures dropped 5 points on disappointing guidance from Wal-Mart. We were expecting a poor December retail sales report, and for the most part it did not disappoint.
Call this one Reality Check Part Two: a weaker than expected ADP report, along with disappointing earnings guidance from Time Warner and Intel, a big restructuring from Alcoa, and an 11 percent pullback in oil which pulled commodities and commodity stocks down all weighed on the markets today.
With volatility this high, it's little wonder that last week's 20 percent rally in the S&P 500 is being met with aggressive selling today.
Not surprisingly, retail stocks are selling off along with the rest of the market--in fact retail stocks have given up about one-third of the gains made in the past week and a half.
Following are the day’s biggest winners and losers. Find out why shares of Deere and Lennar popped while J. Crew and Borders Group dropped.
Q: On Fast Money’s trader radar we look at the stock that was lighting up screens across Wall Street. This retailer has made a name for itself buying and then building up different clothing brands such as Lane Bryant and Structure. It has also mastered the art of lingerie, with its popular Victoria’s Secret intimate apparel. But in this consumer spending slowdown, even owners of the Angels don’t always have heavenly results. Who is it?
Cramer makes the call on viewers' favorite stocks.
Consumer inflation data, more retailers' earnings, and another day of auto executives on Capitol Hill are on tap for Wednesday.
Stocks fell on Monday due to concerns about an accelerating global slowdown after Japan fell into recession and Citigroup said it would cut 52,000 jobs.
The NASDAQ broke the old closing low of 1505.90. We did not break the old closing low of 848.92 on the S&P set on October 27th, but we are very close. Let's not quibble.
The most important fact about the economic and earnings data in the past couple weeks is that it has generally been worse than the already lowered numbers predicted. We have seen this again this morning, with the exception of the Productivity number.
The situation is so bad Cramer's suggesting we turn malls into bowling alleys.
Teens across the nation have spent their summer vacations battling high gas prices, competing for jobs in a weak part-time employment market, and making do with smaller contributions from cost-conscious parents, said Portfolio.com
Following are the day’s biggest winners and losers. Find out why shares of American Eagle and Chico’s popped while Caterpillar and American Express dropped.
Investors sent The Dow and the overall stock market sharply lower on Thursday amid signs that the economic slowdown is showing no sign of improvement.
Commodities were lower, but once again it was no help for stocks. Commodity stocks were again sold off.
Following are the week’s biggest winners and losers. Find out why shares of MGM and Schlumberger popped while Wachovia and General Motors dropped!
Medal Round - Only One Day to Go: With only one day left in the competition, the USA's S&P 500 finished the day up .25%, the only competing index to gain for the day. It'll take a big rally in Australia to catch the S&P, but who will take home the silver and bronze?
Following are the day’s biggest winners and losers. Find out why shares of Home Depot and Barrick Gold popped while United Air Lines and Supervalu dropped.
Financials rebounded from Tuesday's sell-off but housing finance giants Fannie Mae and Freddie Mac plunged on growing concerns of a possible government bailout.