Stocks futures have weakened on the stronger dollar... due to Mr. Bernanke's comments that monetary policy could be tightened as a recovery takes hold. Read More
Commodities and commodity stocks higher pre-open on Alcoa earnings. While Alcoa is getting all the attention, Australia is again helping Asian markets due to a much better than expected jobs report there...Australia reported an increase of 40,600 jobs in August versus a forecast of a drop of 10,000 jobs. Read More
Uneven economic news is spooking stocks this October, but third quarter earnings could be one factor that helps keep the market's 7-month rally intact. Read More
Trends in the last several months have been getting “less worse” in the hotel industry, said Patrick Scholes, hotel and lodging analyst at FBR Capital Markets. He told investors where they should be putting money to work. Read More
Priceline.com was up 14% yesterday after beating Q2 earnings estimates on strong sales and bookings and guiding above expectations for its current third quarter. The company noted that its results have been and continue to be helped by strong demand for leisure travel this summer, which has been spurred by lower prices via heavy discounting. Read More
Stocks were moving sideways...until midday, when famously bearish economist Nouriel Roubini came out and said that the "worst is behind us in terms of economic and financial conditions." The Dow rallied over 100 points on that news... A rally on that? But Roubini was famously bearish at the right moment several years ago, and is widely followed. Roubini less bearish is notable news. Read More
Credit issues weigh on JP Morgan. The bank is trading down a bit this morning despite beating on the top and bottom line: $0.28 vs. $0.04 expected, which includes a TARP payment of $0.27 and an FDIC special assessment fee of $0.10; and revenues of $27 billion in revenues topped estimates of $26 billion). Read More
Following are the day’s biggest winners and losers. Find out why shares of General Mills and Petrochina popped while Marriott and Myriad Genetics dropped. Read More