European markets and U.S. futures are lower this morning following weakness out of the financial sector as well as some poor outlooks from various U.S. companies.
Although down on the open this morning, the major indices are starting today with 6-week winning streaks behind them. The Dow, S&P 500 and NASDAQ are up 22.70%, 27.25%, and 29.31% over their respective runs. On a percentage basis, the indices are having their best 6-week rallies in years.
Stocks tumbled at the open Monday as investors braced for the next batch of corporate earnings. The Dow dropped more than 100 points, or 1.5 percent in the first few minutes of trading. The tech-heavy Nasdaq lost nearly 2 percent.
Don’t be surprised if the 113th running of the Boston Marathon turns into a sequel for Chariots of Fire. Only this time, it is anyone named Cheruiyot who is on fire. There's four-time Boston winner Robert Kipkoech Cheruiyot, Evans Cheruiyot and Robert Kiprono Cheruiyot.
US stocks looked set to drop at the open Monday as investors braced for the next batch of corporate earnings.
If the broader market continues to take its cue from the financials, investors have a good deal more information by which to judge the health of the banking system after Citigroup, JPMorgan and Goldman Sachs reported results this week and Wells Fargo's detail-light pre-announcement last week. Or do they?
In this Web Extra, the traders game next week's market moving events. How should you trade Bank of America, and Morgan Stanley with earnings on deck?
Stocks closed higher despite some selling in the final half hour of trading, giving the market its sixth straight weekly gain and its longest weekly winning streak since 2007.
For big banks like Citigroup, the first quarter of 2009 may turn out to be the best of the year.
Stocks got a quick pop Friday from a rebound in consumer sentiment to its highest level since September. But the bounce quickly slowed t o a dribble as earnings worries nagged at the market.
Goldman Sachs priced its stock offering at $123 per share, or 5.5 percent below its Monday closing price. The sale garnered some 50 percent of Goldman's TARP loan. What does this mean for the financial giant?
By mid-session Friday shares of Morgan Stanely were charging higher, with investors betting that this firm, could wow the Street when they report earnings, next week.
General Electric posted better-than-expected quarterly profit on Friday, and Jack De Gan, CIO of Harbor Advisory told CNBC that he remains bullish on the company.
Stock futures pared losses but continued to indicate a flat open Friday despite slightly better-than-expected first-quarter earnings results from Dow components Citigroup and General Electric.
Housing starts were below expectations, but futures still rose as some are saying jobless claims were not as bad as expected.
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.
It should come as no surprise to anyone, given that the banks, Fannie and Freddie and several states had foreclosure moratoria that recently expired. Everyone was waiting to see the Obama plan for troubled loans, and once the Making Homes Affordable plan was set in motion, the moratoria were mostly lifted. Of course it begs the question, how exactly are those Obamamods doing?
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.
Stock futures indicated a mixed open Wednesday as Intel's after-hours earnings report the day before dragged down tech stocks.
The Obama administration is drawing up plans to disclose conditions of the 19 biggest banks in the country, according to senior administration officials.