An early pop fizzled Thursday as investors digested a mixed bag of economic and earnings news. Banks were mixed as techs gained.
The global economy and global markets are on a volatile journey to a “new normal,” according to Mohamed El-Erian, CEO and co-CIO at Pimco.
Futures pointed to a higher open Thursday as investors shrugged off some dismal data points, choosing to focus on a drop in the headline jobless-claims number.
The initial scare has gone from the market and it looks like the economy is showing signs of bottoming out, but it is difficult to predict where things will go from here, Jack Welch, the former CEO of CNBC parent General Electric, said Thursday.
While the technology sector struggled in global markets Thursday, experts tell CNBC there is big value there.
The Dow advanced Wednesday, boosted by an encouraging "beige-book" report from the Federal Reserve, a better-than-expected manufacturing report from the New York Fed and as Procter & Gamble raised its dividend. Techs remained underwater as Intel's lack of guidance rattled the sector.
Stocks opened lower Wednesday as Intel's after-hours earnings report the day before dragged down tech stocks and a warning from Wal-Mart hit the broader indexes.
Signs of long-term economic growth are still a way off, says Lawrence Lindsey, former National Economic Council director and president and CEO of the Lindsey Group. Lindsey predicts the stock market will retest its lows and says there is no bottom in sight for commercial real estate prices.
Stock futures indicated a mixed open Wednesday as Intel's after-hours earnings report the day before dragged down tech stocks.
The Consumer Price Index fell -0.1% last month. The core rate, excluding energy and food, rose 0.2%. Here is a breakdown of the inflation benchmark to show you where costs are rising most.
Global stocks declined Wednesday as grim data from China and the U.S. fueled concerns over the recovery of the global economy. Experts tell CNBC that although the economic slowdown is ongoing, the current rally still has some life in it.
Following are the “Fast & Furious” trades - hot ways to play Wednesday's market moving events.
Stocks ended near their session lows Tuesday after a report showed retail sales unexpectedly dropped in March and as worries about banks simmered ahead of some key earnings.
Stocks opened lower Tuesday after a report showed retail sales unexpectedly dropped — and dropped sharply — in March. But Citigroup, Bank of America and General Motors advanced.
The Singaporean dollar gained against its American counterpart Tuesday after the country's central bank announced it was effectively devaluing its currency after posting its worst quarterly economic contraction ever. Experts tell CNBC the gain is unlikely to last.
Stock futures retreated Tuesday after a report showed retail sales unexpectedly dropped -- and dropped sharply in March.
The US economy is not out of the woods yet, but the worst of the downturn will probably pass this year, as various components of the stimulus thrown at it will start to show results, White House adviser Christina Romer told CNBC Tuesday.
President Barack Obama will tap Fannie Mae Chief Executive Herb Allison to head the government's $700 billion Troubled Asset Relief Program, an administration official told CNBC.
All the government borrowing programs aimed at increasing liquidity have some economists worried that there could be a steep price to pay down the road.
Most people say they plan to use this year's tax refund to pay bills, deciding in this sour economy to be more frugal with their annual windfall.