Raghuram Selvaraju, managing director for equity research healthcare division at MLV & Co, discusses the quarterly results of pharmaceutical giants such as Pfizer and Merck & Co.» Read More
Stocks made a third attempt at a rally Thurdsay though techs took a beating amid worries about the outlook for the sector.
A rally spurred by bargain hunting fizzled Thursday as weakness in technology leaders offset strength energy-related companies.
Stocks fell sharply Wednesday after the latest bevy of big names reporting earnings issued gloomy outlooks or missed their targets altogether. The Dow shed 514.45, or 5.7 percent, to close at 8519.21. The S&P 500 lost 6.1 percent, ending at 896.78, revisiting its Oct. 10 level.
Pharmaceuticals are priced at a bargain, said Mike Burnick, Weiss Capital Management director of research.
Stocks fell sharply Wednesday after the latest bevy of big names reporting earnings issued gloomy outlooks or missed their targets altogether.
Corporations are required to fund these pension funds at certain levels, and a lower market may require them to put up more money to cover any shortfall between what is paid out and what is taken in.
The cruel earnings season for the American worker intensified Wednesday as more companies announced layoffs.
You gotta feel sorry for the folks at Merck. Immediately after the drugmaker finishes a program to get rid of more than 10,000 employees, the company drops the ax again.
Stocks fell sharply at the open Wednesday after the latest bevy of big names reporting earnings issued gloomy outlooks or missed their targets altogether.
Stock index futures pointed to a weak open Wednesday as the emerging earnings picture did little to alleviate investors' fears of a grinding recession, despite an easing in interbank lending rates.
The Dow made another triple digit move on Monday this time soaring more than 400 points higher.
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A drug stock with a safe dividend? That's just what you need in this tough environment.
Stocks went on another rollercoaster ride Friday, opening sharply lower before a series of ups, downs and curves, and an afternoon burst of bargain hunting that sent the Dow up more than 200 points.
The Dow Industrials has shown some significant moves each day over the past two weeks. In fact, yesterday the Dow was up 10% from its session low to session high.