U.S. stocks closed down more than 1 percent on the last day of trade for April as investors weighed mixed data and continued weakness in the dollar.» Read More
Stocks declined Tuesday as a much higher-than-expected jump in inflation at the producer level agitated a market already rattled by worries about the financial sector. Retail stocks also fell amid a weak outlook for consumer spending.
Stocks opened lower Tuesday as a much higher-than-expected jump in inflation at the producer level agitated a market already rattled by worries about the financial sector.
Do you believe that financials, pharma and telecom can maintain through an economic downturn? If so, you might want to take a look at the Dow Industrials where some of the largest companies in the world are currently offering investors notably large dividend yields.
The Dow edged higher on Friday, as the continued drop in oil fueled stock market optimism. However the Fast Money traders have their eye on Goldman Sachs.
For the week ending Friday, August 15, 2008, U.S. major Indices finished mixed, after the markets digested negative results including a surge in CPI, a decline in retail sales, and continued expansion in unemployment claims. The Nasdaq Composite prevailed amongst the major U.S. indices, as it edged up 1.59% for the week, marking its fifth week of gains. Nasdaq gains were led by bullish comments on Amazon (AMZN) which gained 7.3% for the week. The likelihood of the eurozone moving toward recession allowed for a stronger dollar against the euro, continued pressure on oil, and a positive impact on U.S. stocks as a potential safe haven.
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Yesterday it was Europe announcing weak economic growth, today it is Hong Kong, where Q2 GDP fell by 1.4 percent quarter-over-quarter. Year-over-year, GDP rose 4.2%, the slowest gain since Q3 2003. Higher costs from China, as well as weaker demand, was the culprit.
India might not compare to China in its Olympic fortunes but the tiger of Asia’s economy certainly rivals China it its ferociousness.
Wal-Mart earnings reveal that they are having to pay more to produce clothing. How should you trade retail if China isn't the low-cost producer it once was?
Stocks rose on Thursday as another decline in the price of oil buoyed hopes that consumer spending will recover. Also financial shares bounced back from a sharp two-day sell-off.
Warren Buffett's Berkshire Hathaway has added a new stake in NRG Energy, according to a just-released portfolio 'snapshot' of its holdings in U.S. publicly-traded stocks as of June 30. A sharply reduced stake in Anheuser-Busch may have been a bet that InBev's initially unsolicited offer for the U.S. brewer would prove to be unsuccessful. Conoco-Phillips data is kept "confidential."
Stocks closed higher, with bank shares rising broadly, though the market pulled back from its biggest gains as oil stemmed its slide.
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The Consumer Price Index is now at levels not seen since 1991. Here is a breakdown of the inflation benchmark to show you where costs are rising most.
Futures dropped as jobless claims were a bit higher than expected, and the Consumer Price Index was higher than expected on both the headline number and core (ex-food and energy).
Shares dipped in European trading. Wal-Mart predicted a profit of 73 to 76 cents a share in its current quarter, at or slightly below the consensus.
Big retailers are not only putting solar energy systems are the roofs of their stores, they're getting in the residential solar panel business. But don’t expect an install-it-yourself kit any time soon.
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Stocks will be on inflation watch Thursday. Volatile trading in oil and commodities promises to spill into the stock market again. On Wednesday, energy and other commodities rose, reversing a selling trend and worrying investors, who have been hoping for a reprieve from inflation.
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