U.S. stocks closed higher as investors cheered a pause in the dollar rally and eyed renewed weakness in oil prices ahead of Wednesday's Fed meeting.» Read More
Stocks opened higher Monday, building on two weeks of gains, as a weak dollar boosted commodity stocks and a government report showed retail sales rose in October.
Stocks clawed higher Friday as solid earnings from Disney and JCPenney helped offset worries about a drop in consumer sentiment. It was a wobbly morning but by midday, the Dow was up more than 100 points, or 1 percent.
Stocks wobbled Friday as investors juggled a drop in consumer confidence against solid earnings from Disney and JCPenney. They started the day higher, then retreated, then made another push higher.
The S&P 500 snapped a 6-day winning streak with an ever-so-slight 0.07 point decline yesterday. However, rising 5.5% during the period, the run-up was the best such streak for the big-cap index since March 2003. Returning to the green today, the S&P is now up 7 of the first 8 trading days this month.
Historically and on average, the U.S Markets have been up about 58% of the time or more on the day of Veterans' Day. The S&P has averaged best of the major indices on the day of Veterans' Day, up an average of 0.1% and up 64% of the time.
Stocks bounced around Friday as investors juggled a disappointing jobs report and some analyst upgrades. Still, all three major indexes were on track to post gains for the week.
Plus, get calls on retail, tech, insurance and more.
While some strategists anticipate the beginning of a market correction, Mark Travis, CEO of Intrepid Capital Funds, said there are still opportunities in this environment.
With Microsoft's earnings report this morning, two thirds of the Dow 30 have now reported. Here is a summary of how things stand in terms of EPS and revenues.
Stocks advanced Thursday as investors seemed to focus more on some big-name earnings beats and a rise in leading indicators instead of a disappointing jobless report. Travelers and MMM led the Dow.
After hours, shares of Amazon surged as much as 11% after the company released earnings. Even at these levels, Joe Terranova says it's a stock to own going forward!
Stocks advanced Thursday as investors seemed to focus more on some big-name earnings beats and a rise in leading indicators instead of a disappointing jobless report.
As stocks search for direction, the traders are closely watching the action in Goldman. What does it signal into the close?
Bond investors need to think like lenders, because their money needs to be productive, said Bill Larkin, portfolio manager at Cabot Money Management.
Momentum could push oil toward $90 a barrel in the shortterm, but an increase in supply from Nigeria and Iraq will place downward pressure on the commodity come spring 2010, said Michael Lynch, president of Strategic Energy & Economic Research.
Stocks slipped Thursday as investors weighed a disappointing jobless-claims report and some encouraging earnings reports.
There’s still a week-and-a-half left in the month, but the markets are currently maintaining yet another month of gains.
Earnings continue to come in largely above expectations, but other factors are waylaying the stock market's recent advances - ranging from Walmart's price cuts to analyst Richard Bove's downgrade of Wells Fargo to rising oil prices.
Yesterday, the Dow closed over 10,000 for the first time in over a year and now, the futures are pointing to a pull back below the 10K marker this morning. While it is a psychological threshold, especially after the fall from the 2007 highs, the index has crossed the marker a number of times before in its past.
The Consumer Price Index, a measure of the average price level of a basket of consumer goods and services, was up 0.2% for the month of September, while the core CPI rate, excluding energy and food, rose 0.2%. On a year-over-year basis, consumer prices were down 1.3%.