In a low interest rate environment, some of the lowest rated bonds are offering "good risk reward," Jeff Peskind, founder and CIO of Phoenix Investment Adviser, told CNBC Thursday.
Some time this morning, the New York Federal Reserve will buy $4 billion to $5 billion in Treasuries, completing its $600 billion purchase program.
Stocks finished off session lows Thursday following a report that Greece has forged a deal with the EU and IMF on an austerity plan, but investors were cautious following a weak jobs news in addition to the Fed's tepid economic remarks.
Futures extended their decline Thursday, after jobless claims posted a surprise gain and following the Federal Reserve's tepid economic outlook.
In Thursday's trading, the market will focus on weekly jobless claims and fully digest the Fed news. But buckle up: With earnings season around the corner, some pros say it's going to be a bumpy ride.
Stocks closed well off the lows of the day after plunging in the wake of a powerful earthquake in Japan renewed investor fears about supply disruptions and the ongoing nuclear crisis, and as oil jumped above $110 a barrel. Caterpillar fell, while Home Depot rose.
Stocks continued to trade lower ahead of the close, failing to rebound entirely after another powerful earthquake in Japan renewed investor fears about supply disruptions and the ongoing nuclear crisis, and as oil jumped above $110 a barrel. GE and Cisco fell, while Home Depot rose.
Stocks trimmed losses but remained down after news of a 7.4-magnitude earthquake east of Sendai Honshu, in northern Japan.
Stock index futures pared gains and traded flat despite news of a slightly better-than-expected drop in jobless claims and better-than-expected chain store sales, but also after largely expected news that the European Central Bank raised interest rates.
As retailers gear up to report monthly same-store sales Thursday, analysts are expecting March to be a challenging month with the late arrival of Easter and rising gas prices.
S&P futures popped 4 points as the December ADP Employment Change, which measures private sector job growth, was three times anticipated (297,000 vs. 100,000 consensus). If Friday's nonfarm payroll looks anything close to this, the improving trend in job growth will be undeniable.
Notable midday drops in commodities, along with midday drops in our parent company General Electric, Potash, Freeport McMoran, and others, all without news, led many to conclude that a simple sell program of recent market leaders had come through.
FedEx's disappointing earnings report dropped futures about 4 points pre-open; initial jobless claims and Housing Starts for November (slightly stronger than expected) had little impact pre-open.
Trading was focused yesterday on the November 60 calls, where more than 3,600 were bought for $0.55 to $0.65 at more than double the open interest.
Although retailers are expected to report monthly sales gains that are below last year's levels, there are still expected to be some bright spots in the report that bode well for the upcoming Christmas holiday shopping season.
Stocks sank in the last half hour of trading Thursday top close near the sesssion's lows amid light volume after a batch of economic reports failed to provide traders with enough optimism to continue a September rally. Walt Disney and GE fell, while Hewlett-Packard rose.
Stocks sank in the last half hour of trading Thursday after a batch of economic reports failed to provide traders with enough optimism to continue a September rally. Walt Disney and GE fell, while Hewlett-Packard rose.
Stocks turned positive Thursday as technology and consumer stocks gained, and banks fell, and investors absorbed another batch of mixed economic data. Alcoa and Hewlett-Packard rose, while Walt Disney fell.
Stock index futures pointed to a lower open Thursday after an expected jump in weekly jobless claims.
Weekly jobless claims and existing home sales are the key numbers to watch Thursday, but investors will keep their focus on the volatile foreign exchange market.