Stocks added to strong gains before the close as a rally sparked by strength in tech and manufacturing drove prices higher, although bank stocks weakened after Wells Fargo reported a slide in revenue.
The sweetened bid from Nasdaq OMX Group and the IntercontinentalExchange for NYSE Euronext is even better than it looked when the group announced their $3.8 billion in "committed" financing earlier this week. In reality, Nasdaq assembled a total of $5.1 billion, which includes an additional cushion to pay for the Big Board's debt.
Stocks continued to rally after a series of solid earnings reports led by technology and manufacturing companies.
Stock index futures were sharply higher ahead of the open Wednesday after a series of solid earnings reports.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.
By replacing Chuck Noski with Bruce Thompson in the spot of chief financial officer, Bank of America is marching down a path last trodden by Lehman Brothers.
In his latest weekly note, John Hussman once again states that markets are wildly overbought, etc.—the same thing he's been saying for awhile.
Wall Street banks have been losing chief financial officers at an unusually high rate since the financial crisis, a trend that is unnerving investors at a time when they crave a return to stability in the sector.
During his illustrious career, Warren Buffett has ventured into a vast number of market sectors. Energy is a major component of Buffett's empire. And his investment goes way beyond oil. ...A report from TheStreet.
If there’s one takeaway from the banks’ first-quarter earnings this week, it’s got to be this: Mortgages are still a real problem.
When asked which of the banks reporting next week had the greatest shot at an upside surprise, Credit Suisse analyst Mosche Orenbuch told us it would be this name!
Stocks ended flat to slightly higher after fluctuating throughout the session after President Barack Obama delivered his plan for reducing the budget deficit by $4 trillion over 12 years, and as the Federal Reserve confirmed economic growth remains moderate across-the-country. Caterpillar rose, while BofA fell.
Stocks pared modest losses just before the close after rising slightly after President Barack Obama delivered his plan for reducing the budget deficit by $4 trillion over 12 years, and as the Federal Reserve confirmed economic growth remains moderate across-the-country. Kraft gained, while Boeing fell.
The Office of the Comptroller of the Currency, the Federal Reserve and the Office of Thrift Supervision released enforcement action against fourteen major bank/servicers in the form of consent orders.
Stocks turned mixed as financials led the market lower despite JPMorgan's solid earnings results. IBM and Kraft rose, while Boeing fell.
Of all the earnings releases coming this week, trader Joe Terranova thinks one could be a little more market moving than the others.
Stocks closed higher amid rising prices for oil and gold, as the market hit new highs. Cisco and AmEx led Dow gainers, while Caterpillar fell.
Stocks added to modest gains in the last hour of trading amid rising prices for oil and gold, lifted by banks and technology. Cisco and AmEx led Dow gainers, while Caterpillar fell.
Bank of America was pressed by the Securities and Exchange Commission to increase their level of disclosure on repurchase reserves related to bad mortgages, according to documentation that was released yesterday.
Critics who argue banks are not lending might want to check with middle-market companies. Demand for new loans may be recovering slowly, if at all, but banks are trying to win these companies' business with more attractive terms.