German business software maker SAP reported mixed quarterly results on Tuesday as revenues topped expectations.» Read More
Today was a triumph of the technicals over the technological. Today was a day we touched the Dow 8,000 level -- down 20% from where Cramer last said to sell. When you hit that level, you catch buys. If you're using Cramer's strategy of buying stocks with bountiful dividends like CAT at 4.5% or Nucor at 4%, you caught a great price earlier in the day. Now you should be done buying and, as the high-yielders rally, it's time to start the selling. You can't buy again until the stock takes out your last low price and the yield's even bigger. That's the only strategy that's worked consistently in this crazy market -- stocks that bounce most have the biggest yields.
The Dow closed in positive territory on Thursday, buoyed by hopes that world wide interest-rate cuts will help stave off a prolonged downturn.
Large-cap tech stocks are priced below value, said Rafael Resendes, portfolio manager of the Toreador Large Cap Fund. See his picks.
The Dow made another triple digit move on Monday this time soaring more than 400 points higher.
Stocks ended lower as hoopla over the government's plan to buy stakes in the nation's largest financial institutions died down and worries about earnings crept in. The Dow ended down just 75 points after swinging in an 850-point range. The tech-heavy Nasdaq lost 3.5 percent.
As the Dow, S&P and NASDAQ chalk up some of the biggest weekly losses ever, how does that translate to dollar terms?
No buyers showed up on Wall Street this week. It sounds like a simplistic excuse, but traders say they don't see real buyers, and that's why the stock market spirals lower and lower.
The chief executive explains why his company is exactly what customers need in this tough economy.
To find an answer, you have to look back to the Nasdaq circa 2003.
The stock market is no longer like a falling knife. It's become a whole drawer full of flying cutlery.
The House's vote Friday on the $700 billion financial bail out package hangs over a market increasingly worried the credit crunch is stalling the economy.
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The Senate's approval of the $700 billion financial markets bail out package should give stocks a short-term shot of confidence.
Once more, it's the noise coming from Washington Wednesday that could drive markets. Hope that the bill would be resuscitated before the end of the week is sending stocks higher.
Tuesday promises more treachery for investors as they navigate markets held captive by politicians and the promise of a rapidly faltering economy.
The House rejected the Wall Street bailout bill and the market screamed, selling off frantically until the Dow was left with its biggest one-day point drop ever. "This is panic and ... fear run amok," Zachary Karabell, president of River Twice Research told CNBC. "Right now we are in a classic moment of a financial meltdown," he said.
It was bailout or bust for the markets , but now that Congress has reached agreement on the $700 billion package the focus will shift to the weak economy.
The state of the financial markets' bailout and the credit crunch are dual concerns for investors in the week ahead.
Wall Street's wild ride promises to continue as Congress wrangles over details of a financial markets bailout, and investors assess the government-brokered deal for Washington Mutual.
It's never pretty on Wall Street when the action in Washington rules the markets. That's certainly been the case this week, while Congress wrestles with the merit and shape of the $700 billion financial markets rescue package, proposed by Treasury Secretary Hank Paulson