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Stocks were lower Thursday as investors digested a mixed bag of earnings and a better-than-expected report on weekly jobless claims.
Mixed reports on earnings this morning; IBM is a help, but Pfizer, Continental Airlines, Marriottspacer and Nokia are not. Merrill Lynch recorded another $9 b in write-downs on mortgage-related assets, leveraged loans and hedges.
Diversified manufacturer United Technologies reported profit that topped Wall Street's expectations Thursday but its shares fell in early trading after the company held its full-year outlook steady and warned of a slowing economy.
IBM's big 26 percent profit jump could set the foundation for another decent day in the market if there are no nasty surprises in the wings to derail it.
The drop on Wall Street was modest considering Wachovia's massive loss. Also, Crocs earnings, airline M&A and much more.
Stocks opened mixed as investors juggled an unexpected loss from Wachovia and an uptick in retail sales.
A double helping of economic data and first-quarter earnings reports will flood the zone next week, but it's the corporate earnings that will drive stocks and give a better picture of where the economy is going. If GE's bombshell earnings miss is an indicator, the news will be as nasty as traders expect.
General Electric stunned the Street with an unexpected drop in quarterly profit. What's the "Word on the Street?"
Well, it could have been a lot worse--while certain financials and industrials are weak, the damage could have been a lot worse from GE's miss. Note that United Technologies' CEO George David tells Reuters he is "quite comfortable" with their full year profit target.
GE surprised the street this morning with an unexpected 6% drop in first quarter profits. EPS missed by 7 cents a share. As a result, GE opened this morning down about 11%. If this holds, this will be the biggest one day drop for GE since the 9/11 attacks.
United Technologies on Wednesday elected Louis Chenevert chief executive, succeeding George David, who will continue as chairman of the diversified U.S. manufacturer.
Diversified U.S. manufacturer Honeywell International said on Tuesday it won a $23 billion contract to supply engines for Brazilian aircraft maker Embraer's midsized business jets.
The traders completed round 1 of the Fast Money Madness tournament going toe-to-toe over financials and commodities. Who advances?
Dow Industrials newcomer Bank of America leads the list as the highest current yielder of all 30 Dow stocks. Chevron, the other recent Dow addition enters the list with a 2.7% yield.
Cramer makes the call on viewers' favorite stocks.
The chairman of Diebold told United Technologies in an open letter Wednesday that by making an unsolicited $2.64 billion offer, the diversified U.S. manufacturer "is opportunistically seeking value that belongs to Diebold shareholders."
What's the trade as a decline in construction spending threatens our already fragile economy?
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
The Dow closed lower, while the market absorbed another run higher for crude oil prices and weak data on manufacturing and construction. What the word on the Street?
Stocks recovered from earlier losses to finish flat Monday in a volatile session riddled with weak economic data, big auto-sales declines and concerns about more fallout from the housing slump.