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Stocks pared gains in the final minutes of trading but still ended at new highs in light trading Wednesday as investors remained optimistic about the prospects for equities next year. McDonald's and Disney rose, while Alcoa fell.
Stocks continued to trade at new highs in light trading Wednesday as the closing bell approach despite an absence of fresh economic reports, as investors remained optimistic about the prospects for equities next year. McDonald's and Disney rose, while Alcoa fell.
In a slow trading week, the talk and news on rare earths has been fast and furious. Reports of China limiting exports have roiled several stocks in the space. On Tuesday, Molycorp touched a new high of $55.22 before dropping about $8, erasing about $300 million in market cap.
Despite the high unemployment rate, we may see an increase in labor costs in 2011 that will put pressure on corporate margins, Tobias Levkovich, Citi’s chief US equity strategist, told CNBC.
Stocks continued to reach new highs Wednesday in an absence of economic data as trading volume continued to be light. McDonald's and Chevron rose, while P&G fell.
Investors Intelligence notes that financial newsletter writers who are bullish dropped to 55.6 percent versus 58.8 the week before; but that was the highest level of bullishness since October 2007.
Stocks closed mixed amid thin holiday trading after a couple lackluster economic reports on housing and consumer confidence. Chevron and HP rose, while American Express fell.
It seems investors are just shrugging off higher prices at the pump. How long until they derail the fragile recovery?
Stocks declined modestly amid thin holiday trading and after a couple lackluster economic reports as the Northeast recovered from a huge snowstorm. Caterpillar and Disney fell, while Bank of America rose.
China said Tuesday it is reducing the amount of rare earths it will export next year by more than 10 percent — likely to be an unpopular move worldwide since the minerals are vital to the manufacture of high-tech products.
The quiet period following GM's Nov. 17 IPO ended Monday night, so there are lots of analyst recommendations out — and they are bullish, most with price targets 20 to 40 percent above the closing price yesterday.
Cramer makes the call on viewers' favorite stocks.
Although having made comments to the contrary two months ago, Molycorp CEO Mark Smith said prices are "absolutely sustainable." He explains why.
Stocks continued to trade mixed despite further evidence of a recovering economy and passage of a bill extending Bush-era tax cuts, as strong earnings by tech leaders nudged the Nasdaq slightly higher. Merck fell, while Boeing rose.
Stocks were on pace to close at record highs yet again, although on modest gains, as a series of upbeat economic reports, and a positive outlook from shipping giant Federal Express, continued to give investors reasons for optimism. Alcoa rose, while AmEx fell.
CNBC'S Brian Schactman talks rare earths with the traders in a live report from one of Molycorp's mines.
A year ago, almost no one knew a rare earth element from a rare coin. Today, rare earths are a global story—and a global investment opportunity.
With the final day of trading this week already upon us, here's how the "Fast Money" traders are playing it.
Here's our "Fast Money" Final Trade. Our gang gives you tomorrow's best trades, right now!