Stocks skidded Tuesday as earnings season took a turn for the worse. After a few companies delivered what analysts want to see this quarter, improvement in revenue, J&J delivered more of the same from last quarter.
Tuesday, 13 Oct 2009 | Posted By:
Robin Knight | Source: CNBC.com
Risky assets will continue to outperform safer assets and investors should stick to bonds and quality stocks such as Johnson & Johnson, Intel and CSX, instead of Treasurys and cash, Bob Doll, vice chairman and global CIO of equities at BlackRock, told CNBC.
Futures indicated a lower open for Wall Street on Tuesday, after the U.S. market's record-making day on Monday where the Dow Industrial Average reached a new 2009 trading high, close to the 10,000 mark.
Friday, 14 Aug 2009 | Source: The Associated Press
Consumer prices were flat in July as energy costs retreated following a big surge in June. Over the past 12 months, prices dropped the most in nearly six decades.
Stocks opened in positive territory despite lingering economic concerns, after noted banking analyst Meredith Whitney said the sector is in for at least a short-term gain of 15 percent.
Stocks opened in positive territory despite lingering economic concerns, after noted banking analyst Meredith Whitney said the sector is in for at least a short-term gain of 15 percent.
The Dow and the S&P 500 begin the new week at their lowest points in two and a half months - with investors wary about earnings season and the economy. Both benchmarks lost ground for the fourth consecutive week last week, and stock index futures are pointing to more of the same ahead of open.
If the worst of the recession is indeed behind us, trends from previous economic pitfalls may provide investors guidance to where some of the capital inflows may go next.... Read More