Thursday, 10 May 2012 | Posted By:
| Source: CNBC.com
Stocks faded in the final minutes of trading to close mixed Thursday, but the Dow still managed to snap a six-day losing streak. Still, investors continued to be cautious amid ongoing uncertainty in the euro zone and techs dragged following Cisco's disappointing outlook.
Stocks trimmed their losses but still ended in the red Monday, with the S&P 500 down almost 4 percent from its 2012 highs, weighed by political and economic worries in the euro zone.
Stocks accelerated their selloff in the final hour of trading Friday to close at session lows, logging their worst weekly decline for the year, as ongoing signs of weakness overseas and tepid economic news in the U.S. kept investors on edge.
Federal regulators are poised to crack down on eight financial firms that are not part of the recent government settlement over home foreclosure practices involving sloppy, inaccurate, or forged documents, the New York Times reports.
Wednesday, 11 Jan 2012 | Posted By:
| Source: CNBC.com
Considered market poison just a few months ago, bank stocks have roared back as investors have chosen to look past the debt crisis in Europe and focus on fundamentals.
When I came in this morning, I was encouraged by what I saw from Wells Fargo and JP Morgan, not just the bottom line beat but the relative strength in two key areas: mortgage activity and trading... Read More
A few bank stocks were still worth a look after financials rallied on the Federal Reserve’s stress tests Tuesday, the “Fast Money” pros said... Read More