Stocks ended a holiday-shortened trading week higher as investors shrugged off rising interest rates. The Dow ended the week up 1.4%, the S&P 500 rose 1.6%, while the Nasdaq Composite closed with a weekly gain of 2.2%.
China could play fairer in its trade relations with the United States, Secretary of State Condolezza Rice told CNBC's Maria Bartiromo Friday. "On balance, a strong, growing Chinese economy is good for the international community, but China needs to play by the rules," she said.
Cramer, cut and run? Never. No matter how loud the bears growl.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Stocks closed mixed as investors were encouraged by a strong batch of merger news but gains were held in check by rising interest rates. "The key for the market right now is the ability to digest the fact that the 10-year has moved out of that range that we've enjoyed between 4.5% and 5%," said Russ Koesterich, head of investment strategy at Barclays Global Investors.
Shares of Blackberry maker Research in Motion hit a new all-time high Thursday after the Canadian company said it obtained clearance to sell its smartphones in China.
Research in Motion has received clearance to sell its popular BlackBerry device in China after eight years of trying. The Canadian-based company says it is finalizing the delivery of its products there.
Stocks closed higher on Monday and Wall Street kicked off the third quarter with triple-digit gains in the Dow as interest rates continued to slide. "It's largely in reaction to the yield on the 10-year coming back under 5%," said Dan McMahon, head of listed trading at CIBC World Markets. "It's a positive development for stocks."
Here's a look at the potential winners and losers with the debut of Apple's wireless device.
Apple Inc.'s iPhone is celebrating its first complete weekend on store shelves and early reports suggest blockbuster sales. Piper Jaffray is out with a report saying that Apple and AT&T sold a staggering 500,000 iPhones in 48 hours. Both Piper and Global Crown Capital say AT&T stores sold out of their inventory by Saturday afternoon, and a quick check of Apple's website this morning to gauge availability shows it spotty at best at so many retailers. Only two stores in California, both in San Francisco, show availability of any kind. And Piper says 16% of Apple stores have sold out.
Stocks edged higher for the week, closing out a solid first half, but there was little to celebrate going into the July 4th holiday.
Stocks closed a wild trading session modestly lower, but the Dow still managed to end the quarter with a three-month gain of 8.5%. "It was a little all over the place today, but I was happy to see the rally at the end of the day," said Joe Ranieri, managing director of Nasdaq trading at Canaccord Adams.
Shares of BlackBerry maker Research In Motion jumped 18 percent in early trading on Friday, a day after the company reported better-than-expected quarterly earnings and strong subscriber growth for its popular wireless e-mail devices.
Stocks may open higher after early weakness on this final day of the second quarter. European markets are mostly lower, and Asia was mixed with Tokyo up 1%. The discovery of an explosive device in a car in London impacted market tone in Europe.
Blackberry device maker Research In Motion posted earnings of $1.17 a share, up from 67 cents a share a year earlier, beating analyst estimates of $1.06 a share. Palm, however, posted lower quarterly profit and revenue even as it reported record sales of its Treo smartphones.
Both Palm and RIMM numbers are out and the two could not have drawn a more stark contrast to each other. RIMM announced a 3 for 1 stock split on blockbuster earnings: $1.17 vs. the $1.06 the Street was looking for. Revenue also beat: $1.08 billion instead of the $1.05 anticipated. Unit shipments came in at 2.4 million, just as expected. But new subscribers soared: 1.2 million instead of the 1.14 million projected by the Street.
If you're holding Apple stock, or want to, and haven't asked these five financial questions, you should. 1. What if the iPhone is a bust? What will that do to Apple stock? "If the device doesn't hit, and continue with a real strong bang, people might be deflated here," says Jonathan Hoopes at ThinkEquity. "Believing that the iPhone, if it's not as successful as those who think it will be, is gonna bring the down the company's other businesses."
Apple Inc.'s iPhone may have a corner on the smart phone headlines, but Research in Motion and Palm will generate some news of their own when they release earnings after the bell today.This will shape up into a tale of three companies: One might be too hot, the other too cold, and the last might be just right.
There’s no such thing as a good stock tip – so don’t waste your time with them.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Did the Bear Stearns hedge-fund blowup scare you out of the market? Here are some picks to get you back in.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Update: I am out of the office Monday the 25th through Wednesday. Be sure and check back with me later this week. One week from today, Apple Inc. will unleash its iPhone on what appears to be a ravenous marketplace; panting about the prospects, pouting about the long lines expected and the chance consumers who want one may not get one on that first day. For Apple though, it's all about ringing up sales, or racking up risk: Will iPhone measure up to all the hype it has enjoyed these past several months. What hype, you might ask?