Stocks traded mixed ahead in lackluster trading, although the S&P 500 and the Nasdaq hit new two-year highs on thin gains amid a lack of economic news. Alcoa and 3M rose, while American Express fell.
Stocks traded narrowly mixed amid thin trading and a lack of economic news as stocks struggled to move beyond recent highs. 3M and Alcoa rose, while AmEx fell.
Stocks slumped after opening higher as the dollar rose, but trading was light at the start of a holiday week. AmEx and Boeing sank, while BofA rose.
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Europe's sovereign debt woes will continue to tug at markets, as investors Tuesday also get a few new pieces of U.S. economic data and hear from Fed Chairman Ben Bernanke on the economy.
The dollar is finding friends, as it always does when the world looks a little shaky.
Stocks ended sharply lower Tuesday amid concerns the Irish debt crisis would spread to other euro zone countries and the effects of the crisis in Korea prompted investors to dump risky assets. Microsoft and JPMorgan fell, while HP rose.
The North Korean attack, and continued concerns over the spreading European debt crisis (specifically Spain, which has a GDP almost twice as large as Ireland, Portugal and Greece combined) are weighing on stocks today. Spain's stock market is down 2 percent.
Tuesday's economic headlines should show that the third quarter grew at a slightly better rate than reported, but the Fed's view of next year is likely to be worse than its previous forecast.
Traders expect a short and sweet Thanksgiving week, where investors will be reluctant to make new bets and markets could actually trade quietly.
The Fed is expected to make an announcement on quantitative easing a week from today. Sentiment is now shifting the stimulus won’t be as much as previously expected. So, what does that mean for investors? Jim Meyer, CIO and co-founder of Tower Bridge Advisors and Jim Iuorio, director at TJM Institutional Services shared their insights.
The dollar continued to fall Monday, after declining more than 8 percent in the previous quarter. How will the weak dollar impact companies when they start to report earnings? Alan Lancz, president of Alan B. Lancz & Associates, shared his outlook.
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Stocks fell for a fourth straight session Tuesday, ending at their lowest levels in seven weeks, after a dismal report on existing home sales stoked worries about the economic recovery. But several homebuilders finished higher amid some buzz that now might be a good time to get into the sector.
What follows is a look at stocks in the S&P 500 displaying unusual volume in today's trading session.
Stocks continued their selloff Tuesday after a dismal report on existing home sales renewed worries about the economic recovery. Homebuilders and oil drillers rose.