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Stocks declined Monday, the second day of trading in the new year, after a rally last week that pushed the Dow up more than 6 percent and past the key 9,000 mark. A report that showed construction spending fell by half of what was expected helped shave some of the loss.
We begin the "real" New Year with stocks at a 6-week high, and the S&P 500 24 percent above its November 20 low. Now let's see if we can change leadership: health care and consumer stocks have generally outperformed in the past few weeks, though recently industrial stocks have improved. A shift toward less defensive names would be a welcome development.
"2008 was as rugged as it gets," John Merrill, CIO of Tanglewood Wealth Management, told CNBC, but if investors adhered to a proper asset allocation, it was "a considerably better process." So what's a proper asset allocation?
There’s no offense like a good defense. Find out how to keep your cash, even in the worst of times.
Public perception and reality are often at odds, and Neil Hennessy sees that to be the case in the stock market today. He urged investors to step back, realize that they can't make money buying Treasurys, and get their money flowing back into stocks.
Historically, December has been the strongest month of the year on average for the Dow. So far this year, the Dow is down 2.8% month-to-date. Will we see a Santa Claus rally this year?
The much discussed "investor fear gauge", or the VIX closed below $50 for the first time since it closed at $47.43 on November 4. Are things beginning to stabilize?
Drugmaker Bristol-Myers Squibb became the latest big company to announce layoffs, saying it will eliminate another 10 percent of its work force through 2010.
Cramer responds to Goldman Sachs' sell calls, as well as Mort Zuckerman's Madoff exposure and more.
A seeming resurgence in this sector means there's the chance for big returns.
This week brought a slew of layoffs, including Dow component Bank of America, which said its planned job cuts may grow to 35,000 over three years after it completes its purchase of Merrill Lynch.
Sony became one of the latest companies to announce layoffs in attempt to rein in costs and weather the weak economy.
Further layoffs on Monday from big market names, including a component of the Dow Jones Industrial Average an American business icon, added to employment gloom.
The latest overall job loss numbers showed a loss of 533,000 jobs in November and the unemployment rate climbed to 6.7%. This is the highest drop in nonfarm payrolls since 1974 and the highest unemployment rate since October 1993. The October payroll numbers were revised to a loss of 320,000. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
The Dow fell on Thursday as a sharp drop in oil prices sent the energy sector tumbling and disappointing profit outlooks raised the specter of a worsening economy.
Stocks ended sharply lower Thursday amid anxiety over a fresh round of layoffs, dismal same-store sales numbers and the prospect of tomorrow's jobs report.
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:
Lousy sales, weak earnings and more layoffs reigned over Thursday, with glum news from Nokia, Viacom, Merck, AT&T, DuPont, Credit Suisse and retailers across the board. European central banks enacted big rate cuts. And Fed Chairman Ben Bernanke urged more government efforts to stanch soaring home foreclosures. But CNBC heard from experts who say that while the news will get worse through 2009, markets will periodically rally — and one strategist sees the Dow at 12,000 in 2010.
Seems like more investors are buying on bad news. Find out why the traders believe this is a "somewhat encouraging" sign!
Stocks opened lower Thursday amid a fresh round of layoffs and dismal same-store sales numbers, but soon turned mixed after an unexpected drop in jobless claims and better-than-expected factory-orders report.