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Stocks significantly pared losses, although continued to trade lower, after the Federal Reserve reaffirmed intentions to continue stimulating the economy through bond purchases even as investors remained unnerved by the escalating nuclear crisis in Japan. Intel and Cisco fell, while Chevron gained.
Stocks pared the worst losses of the day, although remain sharply lower, as the worsening nuclear crisis in Japan prompted investors to sell stocks across the globe and move into safer investments. GE and Intel led the blue-chip index lower.
The Nikkei was down 10.5 percent again last night and is now down almost 19 percent in the past 4 trading sessions. While some have been calling the markets decline "irrational" (the Nikkei has moved almost one annual standard deviation in three days, FTalphaville has noted), the unstable situation at the nuclear plants is a real X-factor that justify caution.
Tuesday may be a critical day and I favor the downside, says trader Guy Adami.
Stocks closed lower, although considerably off the lows of the day, as investors assessed how the massive quake in Japan was likely to affect stocks and the global economy. GE and Verizon fell, while Caterpillar rose.
Stocks pared losses in the final hour of trading Monday as investors remained shaken in the aftermath of Japan's massive earthquake and tsunami. GE and Verizon fell, while Caterpillar rose.
From key levels on the S&P, to weakness in the tech sector, the Fast Money team reveals what the pros are watching in the wake of the Japan tragedy.
Stocks slumped as investors assessed how the devastating earthquake and tsunami in Japan would affect U.S. companies and the global economy. GE sank, while Pfizer gained.
Various companies in the food chains of autos and semiconductors are also down. Polypore International, for example, which makes membranes for lead-acid and lithium batteries, is down 5 percent. As there were damage to many plants, a few semiconductor names outside Japan are trading up.
Software sales came in slightly better than analysts were expecting, while hardware sales shattered expectations. For the month, game sales fell 5 percent versus a year ago, according to the NPD.
With a weak slate of titles, February is shaping up to be another negative month for the video game industry.
The explosion in cheap and free apps and social network games has devalued game development and could put the industry at risk.
The next frontier for digital music is not a tablet or a smartphone, but two items that have been part of everyday life for decades: the car and the television set. The New York Times reports.
Troubled sitcom actor Charlie Sheen stands to earn $1 million this year endorsing products on such social media sites as Twitter, Arnie Gullov-Singh, CEO of Ad.ly, a website that links celebrities with companies and brands online, told CNBC Monday.
You might think that after creating a title that has over 12 million customers happily paying a monthly subscription fee, Blizzard Entertainment would be immune to some of the fears circling the video game industry.
Smartphones have absolutely crashed the mobile gaming industry party since the iPhone came onto the scene in 2007 – can Nintendo answer?
Electronic Arts hasn’t exactly been a darling of Wall Street in recent years, but the president of the EA Games label says the company has made the necessary changes to get back on top.
In his new book "Tell to Win," Peter Guber says what's needed now is State-of-the-Heart-Technology."
Troubled actor Charlie Sheen is “screwing his way to the bottom,” and Peter Guber, chairman and CEO of Mandalay Entertainment, told CNBC Monday.
There will be plenty of ties in office Oscar pools this year: The Academy Awards were just as predictable as they possibly could have been.