The dollar index ended stayed on track for a record eighth month of gains on improving data and comments from Fed officials.» Read More
Stocks, which had already been coming off their mid-morning lows, rallied further about 1:18 ET when it was announced that President Obama would make a major address on the U.S. economy tomorrow.
Get the latest plays from the Fast Money traders while the market is open. Guy Adami talks banks, Tim Seymour is watching the car companies and much, much, more!
Shares of Wells Fargo gave up some of their recent gains on Monday but are off morning lows, after analysts warned that the bank still could be facing mounting credit losses and need more capital.
Stocks retreated Monday after a five-week rally as investors braced for this week's round of earnings and a potential bankruptcy filing by General Motors.
Abby Joseph Cohen, Goldman Sachs Global Markets Institute president, offered CNBC her onsights on the economy and the markets.
The Masters is full of religious overtones since the most famous three holes in golf make up the "Amen Corner." We're in a bit of a dream-like state with the market right now after Wells Fargo's announcement last Thursday that banks can indeed make money.
Stocks looked set to fall at the start of trading Monday, with the Treasury Department instructing Dow component General Motors to prepare a contingency plan for bankruptcy.
Plus, earning a Mad Money MBA.
Tokyo stocks closed at a three-month high while Seoul shares rose to their highest in six months Friday. Trading was limited around the region with the Australian, Hong Kong and Singapore markets closed for the Good Friday holiday.
All stocks benefit now that toxic assets no longer threaten the financial sector’s balance sheets. Here’s why.
On a short holiday week, Financials dominated the scene, led by positive earnings news from Wells Fargo on Friday. The markets rallied Thursday, with the Dow closing above 8,000 for the first time since last Friday, with all the major indexes gaining 3% or greater.
Stocks rose sharply Thursday after an upbeat forecast from Wells Fargo, capping their fifth straight up week.
After a couple of bearish days, the bulls regained their footing in the shortened trading week. There was plenty of action off the trading floor as well, with a major decision by the Federal Accounting Standards Board, a heartening merger in the housing industry, and some impressive earnings projections from Wells Fargo.
If you were listening carefully to Warren Buffett on CNBC one month ago today, you heard him say, "This is a great time to be in banking." It may not have made sense to you then, but it should today.
Stocks end near the highs for the day. It was all about Wells Fargo and The Real Estate Play.
Wall Street's stress over Washington's bank tests might all be for naught.
Wells Fargo's acquisition of Wachovia late last year helped the bank generate a surprisingly healthy $3 billion in earnings for the first quarter, Wells Fargo CFO Howard Atkins told CNBC.
Wells Fargo's big upside earnings surprise has got everyone dissecting what is exactly is going on here; most agree it is a real estate recovery story, at least for the moment.
Wells Fargo Bank shocked Wall Street today with an earnings report that was double what the street mavens expected. Stocks shot up 200 points. What’s the first message? Banks are turning profitable. They’re in better shape than people think.
Stocks rose sharply Thursday as investors cheered a surprise earnings forecast from Wells Fargo.