Stocks turned lower Wednesday as investors got defensive ahead of earnings season, rotating into pharmaceuticals and out of techs.
Perhaps reflecting concerns about the size and growth of the market for HPV shots and GSK's late entry, investors are not enthusiastic about the prestigious publication of the company's robust new test results. As I write this, GSK shares are the biggest percentage loser in big pharma.
Stocks ended mixed Monday as a dismal jobs report last week and expectations for a gloomy earnings season nagged at the market. But the Dow eked out a gain amid some bargain hunting.
Stocks rallied Monday as convicted Ponzi swindler Bernie Madoff received the maximum sentence and oil topped $71 a barrel. Plus, there was some window dressing as Tuesday marks the end of the second quarter.
President Obama is prescribing change in the healthcare system. The issue is front and center right now before Congress and Wall Street...We may see some volatility in a sector that’s traditionally very stable. Analysts say it’s time to reexamine your pharma stocks and position yourself for the changes President Obama will make.
Stocks losses approached 1 percent off the opening bell on Monday as summer apathy increased, threatening to snuff out the rally of the past three months. A June buyer's strike received more fuel after the World Bank cut its 2009 forecasts for most economies. Read and listen to what the experts had to say...
Philip Gotthelf, president and commodities analyst at Equidex and Nick Bennenbroek, head of currency strategy at Wells Fargo shared their best commodity and currency plays.
Stocks are weaker, the dollar is up, as the World Bank has cut its 2009 global growth forecast, saying the world economy will shrink 2.9 percent, worse than prior predictions of a decline of 1.7 percent, and noting that a retreat from emerging market investments will deepen poverty in less developed countries.
Cramer makes the call on viewers' favorite stocks.
Stocks logged their worst day in a month Monday as a key manufacturing gauge came in weaker than expected and the dollar made a comeback.
The Dow eked out a gain Friday, bumping it into positive territory for the year, as Bank of America shares rallied. But techs, energy and commodities retreated as crude oil dropped to around $72 a barrel.
Stocks opened lower Friday as crude oil dropped below $71 a barrel and banks dragged after Bank of America lowered its outlook for the sector.
Floor trading resumed at the New York Stock Exchange after a computer glitch knocked out trading in 242 stocks around midday.
Dr. Mark Monane, senior biotech analyst at Needham & Co., named some biotech stocks that look attractive.
Stocks rose for a third straight week as investors got their game on for a recovery. Still, Friday's trading was choppy as investors cheered an early pop from the smaller-than-expected job loss in May but the market couldn't sustain the gains.
Stocks struggled to hold gains Friday as investors cheered an early pop from the smaller-than-expected job loss in May but techs and pharmas dragged and the weakeness began to seep into other sectors.
"It's a risky business." I don't think I'll ever forget when a Chief Financial Officer said that at an investor conference last year in lieu of reading the whole boring boilerplate "Safe Harbor Statement."
The dollar is rallying, hurting commodities and commodity stocks. Why is the dollar rallying? Better economic news implies higher rates, which makes the dollar more attractive as an investment. A higher dollar means dollar-denominated commodities are more expensive to buy.
Stocks shot out of the gate Friday as investors cheered a smaller-than-expected job loss in May.
Wall Street is terrified of both inflation and deflation, high and low oil prices, a strong and a weak dollar. Here’s how you avoid the panic.