Stocks retreated Thursday after another analyst warning on the financial sector and disappointing earnings from Oracle.
Despite strong economic reports early on (both the weekly jobless claims and Personal Consumption Expenditures came in below expectations), the major indices ended on their lows for the day and the week.
Stocks retreated Thursday after another analyst warning on the financial sector and disappointing earnings from Oracle.
Stocks retreated Thursday after another analyst warning on the financial sector and disappointing earnings from Oracle.
Oracle's disappointing earnings report could hang over the tech sector Thursday morning. Traders will also be watching the fourth quarter final GDP number, reported at 8:30 a.m. and weekly jobless claims, also at 8:30.
Stocks fell to session lows Wednesday amid a resurgence in oil prices and after one analyst said there was no end in sight to the decline in bank profits.
Stocks fell to session lows Wednesday amid a resurgence in oil prices and after one analyst said there was no end in sight to the decline in bank profits.
Stocks fell to session lows Wednesday amid a resurgence in oil prices and after one analyst said there was no end in sight to the decline in bank profits.
Tuesday's sideways market was not nearly as exciting as recent sessions, but traders were encouraged by the market's ability to hang on in the face of bad consumer data and weak housing news.
U.S. stock index futures turned negative Tuesday, suggesting that the recent stock rally may cool.