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"There are no fundamentals right now that drive the market," says Joe Terranova, "It's all about technicals."
Banks are struggling to make money in the credit card business these days, and consumers are paying the price. Interest rates are going up, credit lines are being cut and a variety of new fees are being imposed on even the best cardholders. The New York Times reports.
In Monday's rally, the sector topping the tape was Financials, and leading the way were credit card stocks, notably American Express, Discover and Capital One.
The market rose Friday in spite of the unemployment numbers. Is it a sign the bull is back?
Following are the day’s biggest winners and losers. Find out why shares of Barrick Gold and Research In Motion popped while Mastercard and Teva Pharma dropped.
Stocks finished mixed Tuesday as techs struggled after a downgrade on Intel. Transports rose following news that that Warren Buffett is buying Burlington Northern railroad. Industrials also gained after this week's encouraging manufacturing reports.
What follows is a look at stocks in the S&P 500 displaying unusual volume in today's trading session.
Stocks tumbled Tuesday, led by techs after an analyst downgrade on Intel. Transports rose following news that Warren Buffett is buying Burlington Northern railroad.
While the Burlington Northern deal is getting a lot of attention, it has not brought pre-open trading in the S&P futures into positive territory yet. Risk aversion has become a more prominent theme since last Wednesday, when the S&P 500 dropped below its 50-day moving average for the first time since July.
With the markets in volatility mode, investors will likely be focusing on the Federal Reserve Tuesday, even though the 2-day Federal Open Market Committee meeting that begins this afternoon won't conclude until Wednesday.
Seesaw moves in the stock market have not discouraged some strategists who believe the market remains in an uptrend, despite near-term choppiness.
After reporting a solid profit in the fourth quarter, this firm is set to grow more than 20 percent going forward, said Rick Shane, an analyst at Jeffries & Co.
Visa reported strong earnings that topped last year's and outstripped Wall Street forecasts. Craig Maurer, equity analyst at Calyon Securities, discussed his outlook on the firm and other credit card companies going forward.
Of the major indexes, the Nasdaq fared the worst on Tuesday. Is the tech trade over?
With BofA and Wells citing consumer credit issues, what should you expect from American Express earnings, Thursday?
Stocks shot out of the gate Monday, fueled by earnings optimism, but then pulled back near the final hour of trading as investors took some profits.
Investors are eager for signs that the economic recovery is underway - and after hours it seems Alcoa delivered.
This stock’s a great play on the move from paper money to plastic cards.
For many people who do not have bank accounts, or cannot get a credit card, the pre-paid debit cards are irresistible. But their convenience comes with a catch. The New York Times reports.
After hours the traders poured over Nike earnings, looking for insights into Wednesday’s market action as well as trading opportunities.