Following are the week’s biggest winners and losers. Find out why shares of Sears and Palm popped while Wells Fargo and Coach dropped.
The December jobs report has been hanging over the markets like a dark cloud all week. Its importance has grown larger by the day as economists ratcheted up their expectations for job losses.
Following are the day’s biggest winners and losers. Find out why shares of Sears and Gamestop popped while Saks and Abercrombie & Fitch dropped.
Stocks ended mixed as dismal December retail sales — notably from discount giant Wal-Mart — offset strength in techs, led by Microsoft.
Stocks took a hit from weak December retail sales — even from some of the biggest discount names — but trimmed losses arround midday as strength from Microsoft helped push the Nasdaq into positive territory.
Weaker-than-expected December numbers from Wal-Mart sent stock futures sharply lower as retailers overall painted a bleak picture of holiday sales.
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Dylan and Karen start Tuesday's show by agreeing that it looks like "anything goes" with the current market, as the Dow spacer snapped its recent rally to end the day almost 3% down. This drop was not a surprise to those who are in the business and watch for such things -- Dylan says it was "anticipatable" and is just "the market behaving as markets do."
So now we know. We are in the 12th month of a nasty recession, we have lost billions in net worth, and we have lost at least a couple million jobs in 2008.
As the US economy "officially" enters recession, the markets slide about 2% for the week, but staged a comeback on Friday after absorbing the worst job loss since 1974. The Dow traded in an almost 570 point range.
The company says the fridge was always $1,500, but it was originally on sale for 20 percent off (hence the $1,200). At some point on or before Black Friday, the discount was changed to only 15 percent off. This doesn't explain why the salesperson told Rich's wife the price was never $1,200, only to be embarrassed when she produced written proof.
Do you ever wonder if those advertised sales are really offering discounts? Here's the latest rant from Rich Fisherman, Senior Producer for CNBC's "The Call", and it's a doozy: .
The Big Three CEOs returned to Washington to meet with the Senate Banking Committee today, as AT&T and other companies reported job cuts. Following are today's top videos:
Get Cramer's top three plays for what he sees as an impending end to that sector's massive declines.
Seems like more investors are buying on bad news. Find out why the traders believe this is a "somewhat encouraging" sign!
The Dow closed higher for the second consecutive day as investors flocked to shares of Coke and other companies that hold up well in recessions...
Stocks snapped back on Tuesday after global bellwether General Electric lifted investor optimism by pledging to leave its dividend intact.
Stocks rallied Tuesday as investors scooped up bargains and were encouraged by news that General Electric will keep its dividend intact.
Stocks rose sharply Tuesday as investors scooped up beaten-down stocks after the prior session's selloff that saw the Dow give back 700 points.
Stocks opened higher Tuesday, clawing back some of what they lost Monday, when the Dow shed nearly 700 points.