Wall Street closed mixed on Monday, as stocks struggled to extend the January rally for another session. Apple led tech stocks higher with a 2 percent rebound while Caterpillar gave support to blue chips following its earnings report.
Corporate chieftains gathered in Davos, Switzerland this week see reason to be optimistic that the shale boom can re-industrialize the US economy and drive not only U.S. but also global growth.
Wall Street's love affair with Apple is clearly waning as the stock swoons, but some Apple analysts are just waiting for new reasons to love the stock again.
Deadly diseases like malaria, tuberculosis and HIV that afflict the world's poorest the most can be eradicated, Microsoft founder Bill Gates said, but he worries austerity measures could clip some public funding.
Rates will rise dramatically as soon as there are clear signs the US economy is picking up, billionaire financier George Soros said in an interview at Davos.
If Washington can reach a grand bargain to fix its fiscal problems, the U.S. economy could boom, JPMorgan CEO Jamie Dimon told CNBC on Wednesday in Davos.
Although Verizon's wireless subscriber base is growing faster than the industry, the stock is pricey and it risks provoking a major reaction from competitors, says an analyst.