The selling pressure across markets overnight is a tide that is sinking all boats, including oil and all commodities for that matter. If it can be sold, it is being sold, right now. In terms of oil, specifically, support levels that traders have looked to determine prices bottoms have been taken out in succession, over the past several months.
Recapitalization of European banks is continuing: ING took a 10 billion euro ($13.5 billion) cash influsion; French banking giant Societe Generale was down on capitalization concerns; Sweden outlined a $205 billion plan to support its banks. Secretary Paulson will speak at 11:30am ET, giving details of the application process for the capital purchase program. Also: Oppenheimer is upgrading all the big oil and gas names this morning.
"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.
As the calendar flips over to October many traders become eager to get long nat gas ahead of winter. But lately this trade has been a widow maker...
Rick Dillon wants his firm removed from the SEC's "no-short" list. He told CNBC why short sellers are healthy for his business—and offered his fund's favorite stock now.
Use this ramp-up in stocks to take profits, Cramer says. There’s no guarantee it will last.
You'd think the bad unemployment number would have kept us down. But here's why it didn't.
The dollar rose and the Dow edged higher on Tuesday as optimism about consumer confidence overcame fresh worries about the flagging U.S. economy.
Cramer agrees. Find out why.
Plus, Cramer makes calls on Nucor, Apache, Cleveland-Cliffs and more
The Dow made gains on Monday with investors believing the current down trend in oil improves prospects for consumer and business spending.
Falling oil prices continue to put pressure on energy stocks. Now at a six-month low, the S&P 500 Energy sector is down nearly 19% this quarter, by far the worst-performing sector in the S&P 500 since July 1. With the decline today, the energy sector’s weighting in the S&P 500 is now less than the weighting of the healthcare sector.
Tropical Storm Edouard forced shut a huge U.S. offshore oil port, a refinery, some oil production and disrupted shipping as the storm raced toward the Texas-Louisiana coast on Monday.
Cramer makes the call on viewers' favorite stocks.
A massive switch to natural gas would free the U.S. from its dependence on foreign oil.
The latest overall job loss numbers showed a loss of 51,000 jobs in June and a jump in unemployment rate up to 5.7%. The drop is still well below the six figure numbers seen in past recessions. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
Oil prices rose $4.58 per barrel on Wednesday to settle at $126.77 rebounding from a 12-week intraday low of $120.42 hit Tuesday. Here are the biggest one day gains of oil since 1983.
U.S. Gulf of Mexico producers had shut 5 percent of natural gas production and nearly as much oil output on Tuesday ahead of Tropical Storm Dolly, which is expected to hit the U.S.-Mexican border on Wednesday, the U.S. government said.
Tropical Storm Dolly continued to strengthen slightly early Tuesday as it moved over the warm waters of the western Gulf of Mexico towards the Texas-Mexico border.
These three strategies could put the economy back on track.