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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.
Stocks declined Monday as the latest wave of dismal news washed over Wall Street: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
Even as consumers are cutting back on all sorts of goods, Spam is among a select group of thrifty grocery items that are selling steadily. Pancake mixes and instant potatoes are booming. So are vitamins, fruit and vegetable preservatives and beer, according to October data.
Another harrowing week on Wall Street has drawn to a close. Find out how the traders are playing it. Also check out our interview with celebrated strategist Ed Yardeni.
Warren Buffett's Berkshire Hathaway sharply increased its stake in ConocoPhillips this spring and summer, accumulating a total of 84 million shares as of the end of the third quarter on September 30, according to Berkshire's just-released quarterly portfolio filing with the SEC.
Fighting the temptation to panic is probably the most difficult task. But it may also be the most important.
The Dow staged a monster rally on Thursday, as bargain hunters rushed back into the market to scoop up beaten-down shares.
Shrugging off grim outlooks by Intel spacer and Wal-Mart as well as a disappointing jobless claims number, investors bought heavily into the market shortly after the S&P 500 fell through its October 10 low midday. Take a look at how some of the sectors closed above their session lows today:
Stocks closed sharply higher as bargain hunters rushed back into the market to scoop up beaten-down shares.
Throw out the old rule book. This year, the stakes are different for retailers, says Global Hunter Securities Consumer Strategist Richard Hastings. He predicts retail sales will contract between 6 percent and 8 percent, sending shockwaves throughout the global economy.
Violent moves in the market signal a process of stabilizing and healing, says Oppenheimer's Worth.
New jobless claims hit a 7-year high Thursday; and even strong companies look weaker in the future. But some strategists see hopeful market signs amid the chaos. CNBC canvassed economic and financial experts for their insights.
The traders say no, the market will not hold and Jeff Macke intends to dump any stocks into this false rally.
"Earnings are cheap," CastleArk Management's Jerry Castellini told CNBC. "Why not take advantage of it?"
S&P futures are flat, but they have gyrated in a 20-point range this morning. Up about 10 points early in the session, futures moved nearly 20 points lower, before bouncing off those lows following Wal-Mart’s earnings beat.
As the market turmoil continues, companies that once sat at the top of the S&P 500 find themselves falling further and further down the list.
Stock futures looked for direction amid fresh reminders of economic weakness and an earnings report from Wal-Mart that sent mixed signals.
The painful selling in stocks has been so consistent this week, it's no surprise that some traders say the market could test October's lows before the week is over.
Maria Bartiromo discusses Wednesday's top business and financial stories, and looks ahead to tomorrow.