Senator Barack Obama is now the President-Elect of the USA and one day later, the markets are down over 3%. Is this typical?
Wall Street greeted the last day of a long presidential election campaign with enthusiasm, sending stocks up strongly off the market open as the nation chooses its new leader.
Stocks were mixed Monday as investors digested a mixed bag of economic data and marched in place ahead of Tuesday's presidential election.
Cramer, however, has a more positive take on the stock. Plus, calls on Verizon, AT&T, Apple and more.
Verizon Wireless won antitrust approval to purchase Alltel on the condition that it divest assets in 22 states, the U.S. Justice Department said on Thursday.
Despite the pullback in consumer spending and steeper than ever competition, Comcast on Wednesday reported remarkable growth in its third quarter.
Stocks ended the day significantly lower but avoided a catastrophe, as an orderly selloff staved off what some thought would be a massive market capitulation.
Stocks made a third attempt at a rally Thurdsay though techs took a beating amid worries about the outlook for the sector.
Stocks fell sharply Wednesday after the latest bevy of big names reporting earnings issued gloomy outlooks or missed their targets altogether. The Dow shed 514.45, or 5.7 percent, to close at 8519.21. The S&P 500 lost 6.1 percent, ending at 896.78, revisiting its Oct. 10 level.
The search for a market bottom likely will continue through the rest of the year and into 2009, as signs emerge that a turning point is not yet upon Wall Street.
Stocks fell sharply Wednesday after the latest bevy of big names reporting earnings issued gloomy outlooks or missed their targets altogether.
Stocks fell sharply at the open Wednesday after the latest bevy of big names reporting earnings issued gloomy outlooks or missed their targets altogether.
The good news is that Libor rates are again dropping. The dollar is rallying big again, this is continuing to put pressure on commodities, but the stress is also showing up in corporate profits. Kimberly Clark, for example, said that because of the dollar rally, currency will be a drag on fourth quarter sales comparison instead of a benefit.
Stock index futures pointed to a weak open Wednesday as the emerging earnings picture did little to alleviate investors' fears of a grinding recession, despite an easing in interbank lending rates.
As of about midday on Tuesday, the markets have swung between being positive, negative and flat for the day. Which companies are withstanding the volatility and sustaining their gains since Friday's close?
As the Dow, S&P and NASDAQ chalk up some of the biggest weekly losses ever, how does that translate to dollar terms?
In this economic environment I think it's particularly important to point to companies that are bucking the trend and those Wall Street analysts have shined their spotlight on.
There are three types of companies battling to own the pipeline of content to your TV: the cable giants, satellite TV operators, and most recently Telecom players AT&T and Verizon have been building out their own television options, U-Verse, and FIOS, respectively.
Cramer makes the call on viewers' favorite stocks.
The "Dream" name disappeared this morning, in favor of T-Mobile's "G1" moniker instead, a nod to the first handset powered by Google's mobile operating system dubbed Android. And now the market has to weigh whether this is merely another competitor available, or everything Blackberry and iPhone aren't.