Stocks opened higher Wednesday following news that the U.S. may extend TARP funds to insurers.
In a deal that will create the nation's biggest homebuilder, Pulte Homes is buying Centex for $1.3 billion in stock as both companies try to survive the worst real estate recession in a generation.
The 30-year mortgage rate could fall to nearly 4 percent by the end of the year as both the economy and housing market make a slow recovery, Bank of America-Merrill Lynch said..
US stocks headed for a negative open Wednesday as earnings season got off to a weak start and hopes for a prompt economic turnaround were talked down by some experts.
Cramer explains why the market's pause is right. Plus, calls on the banks, homebuilders and natural gas.
In the category of famous last words about the investment bubbles and bottoms, the legendary investor used the phrase “it's different this time.” He used it to explain away how all his very smart buddies got it so wrong in the last year, and how hard it is to make investing decisions right now.
Well, the Federal Reserve chairman didn’t say that exactly. But the central bank’s announcement Wednesday sure seemed to imply it.
Stocks eked out a gain after a rough morning as banks got a boost from market chatter that the government may suspend a controversial accounting rule blamed for much of the contagion in the financial industry.
Pulte Homes narrowed its quarterly loss, and sales at the homebuilding company rose from the same period last year.
While some traders are bracing for a retest of the stock market's November lows, buyers are picking among the less defensive sectors on the hopes the market is approaching a turning point.
Hope for a modest recovery in the housing sector spurred by a recent decline in mortgage rates, seems to be a far fetched pipe dream.
Major homebuilders are down across the board today as Lennar faces fraud accusations from a self-described consumer group.
The promise of an Obama stimulus package has raised hopes that the battered housing sector will soon stabilize. That's encouraged investors to buy home builder stocks — but Ivy Zelman of Zelman and Associates warns investors to be very selective.
Pulte Homes plunged to a new multi-year low today, after our OptionMonster's tracking systems showed strong institutional put buying yesterday. Our puts becamse that much more valuable....
After several false starts, stocks pulled off a final-hour rally, boosted by a better-than-expected forecast from Hewlett-Packard.
Some of Wednesday’s beaten up groups – energy, utilities, and telecom, rebounded nicely and posted some strong gains, while materials and financials continued to see some weakness.
Consumer discretionary stocks are not only the worst performers today — and this week and this month — but 60 percent of the 18 discretionary stocks that reported earnings are down. So what is working in one of the worst groups right now?
With so many other factors powering the market these days, third-quarter earnings could be little more than an afterthought.
For the week ending Friday, October 3, 2008, the major U.S. Indices declined steeply on continued uncertainties over the financial bailout / rescue plan, concerns in the credit markets and more economic deterioration.
All major U.S. Indices end the third quarter on a historic note. The Dow and S&P 500 had their fourth consecutive quarterly drop, tumbling 4.40% and 9.01% respectively. The NASDAQ Composite fell the most among the major Indices for the quarter, down 9.19%.