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Britain's biggest retailer, Tesco, announced price cuts of 50 percent. Former household favorite Woolworths began a closing-down sale. Music retailer HMV reported a sizable first-half net loss.
The Fast Money Four take a look at Electronic Arts in afterhours trading, the Apple rumor of iPhones being sold at Wal-Mart and the effect of President-elect Barack Obama's infrastructure plans on tech stocks.
Dylan and Karen start Tuesday's show by agreeing that it looks like "anything goes" with the current market, as the Dow spacer snapped its recent rally to end the day almost 3% down. This drop was not a surprise to those who are in the business and watch for such things -- Dylan says it was "anticipatable" and is just "the market behaving as markets do."
Stocks declined Tuesday as more layoffs and lowered outlooks zapped the momentum out of the recent rally.
Toward the close, the indestructible Wal-Mart announced that they were suspending their stock repurchase program due to the economy and credit market instability. OK, it's not a big deal, there was only $5 billion left in the program to re-buy, and Target has already suspended their program, but it is emblematic of the problem.
Cramer makes the call on viewers' favorite stocks.
Stocks advanced Monday, but ended off session highs, as hopes for an auto bailout and action by world governments helped offset the grim reality of a fresh wave of layoffs.
Cramer explains the day's rally as well as what a discount iPhone means for Nokia and Motorola. (Hint: It's not good.)
Stocks continued to rally Monday as hopes for an auto bailout and action by world governments helped offset the grim reality of a fresh wave of layoffs.
The White House said Monday it was "very likely" to reach a deal with Congress to aid U.S. auto makers — providing Democratic legislators can offer specific terms. Meanwhile, more glum earnings and job-cut statements came from 3M, MetLife and Dow Chemical. Crunching these concepts together, experts told CNBC that the market is bottoming and the smart money is quietly starting to buy up energy, tech stocks — and airlines.
The economic downturn has decimated the market for recycled materials like cardboard, plastic, newspaper and metals.
Stocks shot up like a rocket in the final hour of trading, shrugging off earlier losses triggered by the biggest monthly job loss in 34 years and the highest percentage of delinquent mortgages on record.
The Dow jumped on Friday as investors bet that a steep drop in oil prices will boost consumer spending and the retail sector.
As the US economy "officially" enters recession, the markets slide about 2% for the week, but staged a comeback on Friday after absorbing the worst job loss since 1974. The Dow traded in an almost 570 point range.
What would be worse for America, the failure of GM or the failure of Wal-Mart? Or, which would be worse, the failure of Wall Street of the failure of Wal-Mart?
"Buy great companies at fair prices, instead of fair companies at great prices," Mark Tinker, global portfolio manager at Axa Framlington Gemini, advised.
Stocks ended sharply lower Thursday amid anxiety over a fresh round of layoffs, dismal same-store sales numbers and the prospect of tomorrow's jobs report.
The Big Three CEOs returned to Washington to meet with the Senate Banking Committee today, as AT&T and other companies reported job cuts. Following are today's top videos:
Will stocks stop dropping on bad news? Never mind the auto hearings, that is the No. 1 question on trading desks today. Stocks are down Thursday, but the relatively modest decline, the light volume, and the breadth is far less a response than one might expect given the poor news flow.
Stocks opened lower Thursday amid a fresh round of layoffs and dismal same-store sales numbers, but soon turned mixed after an unexpected drop in jobless claims and better-than-expected factory-orders report.