Stocks shot out of the gate Tuesday, a nice chaser to the Dow's biggest one-day point gain in history, after the government announced a plan to buy stakes in the nation's largest financial institutions.
Wall Street looked set for another rally Tuesday, after the Dow recorded the biggest one-day point gain ever on Monday, as world markets continued to surge.
European governments announced plans to bail out banks by buying stakes in them and the U.S. is also expected to follow suit by injecting $250 million into banks, sending stocks soaring. What do you think?
What stocks are going to be left standing after the current crisis has run its course? Paul Kedrosky of Ten Asset Management believes it will be companies that handle financial risk and tranparency well.
Shana Orczyk, research analyst at Peak Financial Management, said if we have not hit the market bottom yet, we're close.
At a time when many investors are looking to cash out, some market experts caution to stay in.
The next market shaking event will be Washington Mutual swaps, says Craig Columbus, Advanced Equities Asset Management chief market strategist.
Energy stocks are not only the worst performing sector today, but they also hold the 1st or 2nd spot on the loser list for the week, the month and since September 1st.
Peter Eliades, analyst at Stockmarket Cycles, told CNBC that although we have not yet hit market bottom, there are still a few stocks that look "interesting."
Sri Raman, senior analyst at StarMine, pinpointed companies that are expected to announce both positive and negative earnings surprises in the coming weeks.
The snowball of fear that has set off a avalanche of collapsing financial institutions has created an altogether new regime for volatility.
"Don't expect huge economic growth post recession ... as such I think you need higher-quality names in your portfolio," Bob Doll, Vice Chariman & Global Chief Investment Officer of Equities BlackRock told CNBC.
Stocks closed lower after swinging wildly all day as a coordinated global rate cut failed to reassure investors.
This market is now a bear-within-a-bear: The S&P 500 have given up 20 percent since Sept. 1, 2008. About 30 S&P stocks are down by 50 percent or more. See the stats — and the biggest losers.
A global round of rate cuts was coordinated by the U.S. Federal Reserve, European Union, Switzerland, Canada, Sweden and the Bank of England. But the stock markets' response was tepid at best. Steve Forbes told CNBC that solving the global economic crisis will require a more than the rate cuts.
After the global rate cut, why was the market rally so weak? Art Hogan, chief market strategist at Jefferies & Company, offered his insights to CNBC. He also gave sector picks and portfolio allocation advice.
"The worst period of the U.S. dollar is behind us," said Royce Tostrams of Tostrams Groep. He told CNBC that the greenback is now a "safe haven" for investors.
Technical analysis expert Richard Suttmeier of ValuEngine.com believes a multi-year bear market lies ahead, unless the Dow can get back above 10,640 this month.
U.S. stock index futures turned positive after coordinated action to cut rates across the globe to fight the danger of the world economy being hit by a depression.
European stocks pared back some of the losses on Wednesday after plunging about 8 percent earlier in the session as credit fears grew.