- For Many in US, It Will Be a Scaled-Down Holiday Season
- Judge Erases Couple's $525,000 Mortgage Payment
- Where Do Pardoned Turkeys Go?
- Foreign Demand Boosts US 7-Year Treasury Sale
- New-Home Sales Jump to Highest Level in Over Year
- Consumers Catching the Holiday Spirit
- Jobless Claims Below 500,000, Durable Orders Slip
- Activision Prepares to Double Dip on ‘Modern Warfare 2’
- Garlic Price Rises Surpass Gold, Stocks in China
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- S&P Stocks Trading at New 52-Week Highs
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
- Treasury On Mortgage Modifications
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- New-Home Sales Jump 6.2% To Highest Level in Over Year
- S&P Stocks Trading at New 52-Week Highs
- Half of Banks' Losses May Still Be Hidden: IMF Head
- Oil Price to Average $75.40 in 2010: Poll
- Americans Ditch Planes for Trains this Thanksgiving
- Jobless Claims Below 500,000, Durable Orders Slip
- Consumer Mood Improves, But Anxiety Over Personal Finances
- A Facebook Christmas
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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 settled at a record near $1,039 an ounce after hitting an intraday record high above $1,042. 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
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Boeing [BA
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] 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
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] 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
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] 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
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] 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
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] could be a stock to watch today, as it announces that it will sell its 14-day Starter program at Wal-Mart, [WMT
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] 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.
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
- Eric Schmidt pledges to create a virtual copy of the Iraq National Museum at Google’s expense.
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- More shoppers than ever plan to comparison-shop this season. Who will benefit?
- It may be the most unusual guide to business you'll read.
- How can you get out of debt and back on the road to recovery? Follow these ten steps.
Data is a real-time snapshot *Data is delayed at least 15 minutes