- Dubai's Debt Woes Signal New Era for Creditors
- US Treasury Wants Banks to Do More to Ease Mortgages
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Black Friday Sales Rise by 0.5%: ShopperTrak
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
Text Size 
Stocks rallied for a second day Tuesday as news that Australia has raised rates revitalized hope for the global recovery.
The big news in the market today was that gold soared nearly $20 to a record $1,040 an ounce. Oil rose above $71 and the dollar retreated.
One popular topic of conversation in the oil pits this morning is a report that oil producing nations are in talks to replace the U.S. dollar with a basket of currencies for trading oil.
The rise in commodity prices gave a boost to commodity and industrial stocks, including Alcoa [AA
Loading...
()
] and Caterpillar [CAT
Loading...
()
].
Boeing [BA
Loading...
()
] said it will take a charge of $1 billion in the third quarter because of higher production costs and tough market conditions for its 747-8 program. And, it will delay the first flight of the jumbo 747-8 Freighter to 2010.
Banks were the leader in Europe after
Bank of America-Merrill Lynch [BAC
Loading...
()
] upgraded European banks to "overweight." This comes on the heels of Goldman Sachs' upgrade of the large-cap banking sector in the U.S. on Monday.
Intel [INTC
Loading...
()
] and other chip stocks will be in the spotlight after research firm Gartner said it expects global semiconductor revenue could grow about 10 percent next year, after a two-year slide, amid increased demand for computers and smartphones.
All this, of course, could be either waylaid or boosted by earnings season, which officially kicks off tomorrow afternoon when Dow component Alcoa reports quarterly results.
There are no major economic reports on the calendar today, and very few notable earnings reports. After the bell, investors will get quarterly numbers from Yum Brands, [YUM
Loading...
()
] the parent of the KFC, Taco Bell, and Pizza Hut chains.
That's according to The Independent newspaper, but that report has been denied by top officials in Saudi Arabia and Russia, the two biggest oil producers in the world.
NutriSystem [NTRI
Loading...
()
] could be a stock to watch today, as it announces that it will sell its 14-day Starter program at Wal-Mart, [WMT
Loading...
()
] the first time the company has sold its products in the retail channel.
We'll also watch retail stocks today, as a National Retail Federation survey says 2009 holiday sales could fall 1 percent compared to last year, which would be the first back-to-back drop since the group began tracking holiday season sales in 1992.
The Treasury will auction $39 billion in 3-year notes Tuesday, with results available shortly after 1 pm New York time. That follows Monday's auction of 10-year TIPS, which saw stronger-than-expected demand.
- These four sectors will be the next to lead the market.
- Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
- From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
- It may be the most unusual guide to business you'll read.
- Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
Data is a real-time snapshot *Data is delayed at least 15 minutes