With a key Congressional committee beginning markup of legislation creating a consumer financial products watchdog, the Federal Reserve's unusual role as a source of funds will likely draw attention.
Stocks pared their losses Thursday after a third straight positive Philly Fed reading — the first time that's happened in two years. Stocks had opened lower after disappointment in earnings from Goldman Sachs and Citigroup.
Buy the rumor...sell the...Goldman Sachs down 3 percent pre-open, S&P 500 futures dropped 10 points right after Goldman reported earnings far better than expectations ($5.25 vs. $4.24). Even topline was better than consensus: $12.37 billion vs. $11.02 billion.
Yesterday, the Dow closed over 10,000 for the first time in over a year and now, the futures are pointing to a pull back below the 10K marker this morning. While it is a psychological threshold, especially after the fall from the 2007 highs, the index has crossed the marker a number of times before in its past.
The Consumer Price Index, a measure of the average price level of a basket of consumer goods and services, was up 0.2% for the month of September, while the core CPI rate, excluding energy and food, rose 0.2%. On a year-over-year basis, consumer prices were down 1.3%.
Goldman Sachs is the best managed company in the financial sector, while Citigroup stock is the cheapest, Rochdale Securities Banking Analyst Richard Bove said Thursday.
After Wednesday's stellar market performance, stock index futures indicated a lower open for Wall Street on Thursday as investors take a breather and evaluate their next move.
The Dow crossed the 10,000 level and all of sudden the bears grew quieter.
Stocks rallied Wednesday and the Dow broke through 10,000 for the first time in over a year, fueled by strong earnings from JPMorgan and Intel.
On Wednesday, the Dow broke above the 10,000 level for the first time in a year with bulls driving stocks higher on stronger-than-expected earnings.
Financials are leading stocks higher as the Dow marches toward the critical 10,000 milestone. So how high can we go this year? Dan Genter, president, CEO and CIO of RNC Genter Capital Management and Dan Fitzpatrick, president at Stockmarket Mentor, discussed their market outlooks.
He also said the bank’s dividend could make a return in 2010.
Not all earnings are created equal. Find out which numbers matter most to the Fast Money traders!
The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, is currently trading below 23, well off its high near 80 last fall. How can investors use the VIX to benefit their portfolios? Paul Britton, CEO and founder of Capstone, shared his volatility strategy.
JPMorgan Chase reported sharply higher third-quarter results that blew past Wall Street expectations. Jeffery Harte, managing director of equity research at Sandler O’Neill, shared his analysis of the financial giant.
JPMorgan Chase’s profit beat expectations in the third quarter, with investment banking operations posting strong gains, the company said Wednesday.
A handful of stocks including Goldman, Apple, and Flowserve have doubled this year. Should you stick with them or take the money and run?
Jittery investors are closely watching action in financial stocks, as they prepare for a deluge of earnings information from the nation’s largest banks.
Stocks ended mostly lower Tuesday after J&J's revenue miss stirred worries about this earnings season.
JP Morgan Chase will be front and center as the first bank to report numbers for the third quarter. But ahead of tomorrow's report financials stocks are taking a breather. Financials have had a strong run since the March 9th lows, with the KBW banking index advancing more than 150% since.