On Wednesday, disappointing earnings sent investors running for the exits stopping a comeback dead in its tracks. Is the correction back; what should you be watching?
Stocks struggled Wednesday after tepid reports on employment and the services sector.
Ever since Toyota first addressed complaints about unintended acceleration last October, there have been a steady number of complaints from Prius owners. I've heard them from time to time and they basically amount to Prius owners saying their car suddenly sped up or the brakes didn't work properly.
Stocks turned a shaky start into a full-throttle rally Tuesday as UPS delivered an encouraging earnings report, pending home sales rose and Ford reported a double-digit increase in sales.
Today in Washington, Secretary of Transportation Ray LaHood publicly blasted Toyota for being slow to react to concerns about its accelerators and unintended acceleration. LaHood said federal safety officials had to "wake them (Toyota) up" to the seriousness of the pedal issue.
Investors are struggling to make sense of Tuesday's market action. Industrials and materials led the rally but tech lagged, badly. Can the rally continue without tech?
Stocks made another push higher Tuesday afte a shaky start as UPS delivered an encouraging earnings report, pending home sales rose and Wall Street braced for a hearing on the "Volcker Rule" later today.
Wall Street was set to extend the previous session's gains at the start of trading Tuesday, with European markets mostly higher across the board and some important economic testimony coming from Capitol Hill.
The statement was straightforward with an appropriate amount of contrition. When I talked with Jim Lentz, the head of Toyota USA he was direct in admitting his company is embarrassed by the on-going controversy over sticking gas pedals.
You reader folks don't see it, at least I hope you don't, but every so often a simple earnings number can set off a mad scramble in the newsroom.
Cramer makes the call on viewers' favorite stocks.
Who says America has lost its dominant position in the auto market?
Stocks tumbled Thursday as the dollar's gains and some disappointing economic numbers offset the positive earnings momentum. Techs were among the biggest decliners, led by Apple and Qualcomm.
Stocks tumbled Thursday as the dollar's gains and some disappointing economic numbers offset the positive earnings momentum this morning. Techs were among the morning's biggest decliners, led by Apple and Qualcomm.
How are events in Washington affecting the markets and Wall Street? Bruce Kasman, chief U.S. economist at JPMorgan, and Erik Ogard, director at Russell Investment Group, shared their insights.
Considering Thursday's dramatic sell-off, are we heading down the road to a correction?
Stocks were mostly lower Thursday as worries about a tighter grip from Washington and some disappointing economic numbers offset the positive earnings momentum this morning. Techs were among the morning's biggest decliners, led by Apple and Qualcomm.
When I talked with Ford CEO Alan Mulally 10 minutes after his company filed fourth quarter earnings, there was a tone of satisfaction in his voice.
S&P futures were up about 3 points on: 1) President Obama's call for tax cuts and tax credits for small businesses, a focus on jobs and his statement that he is "not interested in punishing banks," 2) Ben Bernanke's likely survival of a procedural vote in the Senate, and 3) earnings beats from Ford, P&G, Motorola, Nokia, Lockheed Martin and Colgate.
Traders are coming to the realization that corporate America presented their most exciting earnings reports first in this earnings season.