U.S. stocks broke their five-day winning streak on Friday, as a pullback in oil prices led investors to take profits ahead of the weeking; however, all indices posted gains of nearly two percent or more for the week.
Stocks snapped a five-day winning streak Friday as a sharp drop in oil prices and profit-taking offset an improvement in consumer confidence and a rosier outlook from economic bellwether FedEx. Still, for the week, stocks gained 1.7 percent.
Oil prices rose above $72 a barrel on Wednesday for the first time this month as a falling dollar spurred investors to buy commodities as a hedge against inflation. Paul Sankey, oil analyst at Deutsche Bank told investors where they should be looking and shared his outlook for crude oil in the months to come.
Every financial planner tells you to have one, but they never tell you what to do with it.
All major U.S. indices closed to the upside on Friday, as less than expected job losses in August led investors to focus on the positive side of a mixed payroll report, which showed that the unemployment rate jumped to 9.7%, or its highest level since 1983.
Stocks rallied to the finish line Friday as tech stocks surged after some encouraging comments from Intel's CEO. Investors breathed a sigh of a relief after the August jobs report, which showed the unemployment rate hit a 26-year high but layoffs seemed to be tapering off.
Stocks pushed higher after a wobbly start Friday as investors digested a mixed jobs report: The unemployment rate hit a 26-year high but layoffs seemed to be tapering off.
Stocks extended their losing streak for a fourth session Wednesday as hardware stocks advanced but worries about the recovery continued to gnaw at the market.
Stocks clawed higher Wednesday as tech, insurance and energy stocks advanced. Stocks struggled through the morning after readings on employment and manufacturing came in weaker than expected.
PetroChina, Asia's largest oil and gas company, is making a $1.7 billion investment in the Canadian oil sands.
Stocks pulled back Monday as a major selloff in China sent oil prices lower and dragged on the US market.
Stock markets are up 50 percent from the March lows and you need to prepare for a correction. Whether you believe that a 10 percent pullback is reasonable or that something greater is coming, it makes sense to invest with the perspective that a retracement is coming and still be positioned for more market movement forward.
The S&P 500 and Dow index broke 8 days of consecutive gains on Friday, after an economic report showed consumer sentiment in August dipped to a 4-month low. Despite of Friday's slight pull-back, all major US indexes are on track to close up 2.5% or greater for the month.
Stocks barely eked out gains on Wednesday despite catalysts that should have catapulted the S&P much higher. Is the next move, lower?
Investors looking to play the crude oil and natural gas price divergence should follow these trading tips, said Daniel Dicker, independent oil trader at TheStreet.com.
The rally on Wall Street fizzled Monday, snapping a four-day streak that sent stocks up more than 4 percent. The Dow ended pretty much flat, while the Nasdaq and S&P 500 shed 0.1 percent.
The high-beta financials -- Citi, Fannie Mae and Freddie Mac are trading HUGE volume.
Now that the cash for clunkers program is expiring, attention is turning to two other incentive programs: The cash for appliances program and the soon-to-expire first-time homebuyer tax credit.
Contrary to skeptics who speculate that markets are due for correction, Jeff Knight, CIO of Putnam Global Asset Allocation Team, and Margaret Patel, portfolio manager at Evergreen Investments, are still bullish.
Dividend yields in the Dow index are down about a quarter of a point since early June and 165 basis points since early March, as equity markets continue to trend higher, pushing yields lower. Here is a look at the dividend yields of all 30 Dow components: