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Stocks rallied Friday, with the Dow soaring nearly 500 points, following news that Obama has picked Geithner as Treasury Secretary. Friday's gains helped offset much of the week's losses, pushing the Dow back above 8,000.
The markets close out a negative week with a late day rally on the expected nomination of Timothy Geithner to the position of Treasury Secretary.
In the last 'Stop Trading' segment of yet another dramatic week in U.S. and global markets, Cramer talks to Erin Burnett (together in the same room for the first time in quite a while). After trading some banter about her recent sojourn in Russia, they bring up Citigroup, Wal-Mart and several other stocks on Cramer's mind.
Discount and dollar stores are back in fashion and back in the black. Just about everyone else has his back to the wall.
Stocks woke up Friday following news that President-Elect Barack Obama is expected to announce two key cabinet posts.
Chaos reigns Friday: Lame-duck White House and Congress are unable to reach a decision on the financial crisis. Yet Citigroup stock inched up, despite misgivings over the CEO's determination not to break up the firm. And while legislators dither over the jet-setting Big 3 automakers' fates, one strategist told CNBC that Ford Motor stock could yet quadruple overnight. (You read that correctly.)
Stocks bounced back Friday after a two-day selloff that saw major indexes crash through support levels and shaved 872 points off the Dow.
Wal-Mart Stores announced Friday that Mike Duke will succeed Lee Scott as president and chief executive officer of the company.
As the Dow opened to the upside on Friday, Jack Welch, former General Electric chairman & CEO, shared his insights on Detroit, the economy and Wal-Mart's new CEO.
Citigroup’s board will likely convene today to discuss many of these alternatives. This comes after the stock has lost half of its value this week, as it closed below $5 yesterday
Not only are shoppers hitting the mall less frequently, they’re also hitting the computer less frequently this holiday season and that has e-tailers pulling out all the stops — before the turkey even hits the oven.
Gains in this market are starting to feel eerily similar to a Deborah Gibson. Both are "Only In My Dreams," writes Fast Money Senior Producer John Melloy.
The Dow tumbled on Wednesday closing below the psychologically important 8,000 level for the first time since March 2003.
After several false starts, stocks pulled off a final-hour rally, boosted by a better-than-expected forecast from Hewlett-Packard.
For the first time in five years, the ICSC-Goldman Sachs weekly chain store sales snap shot shows that weekly chain store sales fell on a year-over-year basis.
Stocks made another attempt at a rally Tuesday as investors juggled uncertainty over the govenrment bailout plan and an encouraging outlook from Hewlett-Packard.
An opening pop quickly fizzled Tuesday as the market's gloomy mood overshadowed an encouraging outlook from Hewlett-Packard.
Options traders on Monday are betting against GameStop, which has been in consistent decline for the last six months. The videogame retail chain's stock is up about 9 percent from its low of $21 last week — but still nowhere near its highs of nearly $60 in mid-April.
Stocks ended at their session lows Monday following the latest wave of dismal news: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
Stocks wavered after a morning selloff as investors shrugged of the latest wave of dismal news: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.