Stocks were stuck in negative territory Monday, with pervading worries about the recession and the ways in which quarterly earnings reports would reflect economic difficulties dominating investor concerns.
Wall Street was looking at a slightly lower open Monday as traders took a leery view of the kickoff to earnings season.
The Dow logged its worst week since late November, erasing all of last week's gains in a brutal week littered with layoffs and profit warnings, and capped with a surge in unemployment.
Lennar shares came under pressure Friday following fraud rumors after a letter questioning a late 1990s transaction surfaced on the Internet.
The Dow opened higher Friday amid a giant sigh of relief in the market that only half a million jobs were lost in December. Market buzz had indicated the number could be as high as a million.
Major homebuilders are down across the board today as Lennar faces fraud accusations from a self-described consumer group.
The Lightning Round is extended in this CNBC.com exclusive feature.
The promise of an Obama stimulus package has raised hopes that the battered housing sector will soon stabilize. That's encouraged investors to buy home builder stocks — but Ivy Zelman of Zelman and Associates warns investors to be very selective.
Lennar said on Thursday its quarterly net loss narrowed as it cut land expenditures and tried to clear its backlog of unsold homes, sending shares of the No. 2 U.S. homebuilder up.
We finished the day down, but these two guys were responsible for much of the trading session’s strength, Cramer says.
Investors are still sorting out what the Fed's moves this week mean, but if you look at some corners of the credit markets, there are signs of thaw.
Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.
The Dow soared higher on Tuesday after the Federal Reserve rewrote its playbook by slashing borrowing costs to a record low, even zero...
With such big swings in the market it may be time to take profits. But which stocks should you sell?
Big yields abound, but that doesn't mean you should trust them.
The week ended with a stunningly bad November jobs report, indicating that the economy is getting much worse much faster than expected, and suggesting that the recession will be especially deep and prolonged. It was a grim end to a volatile week, beginning with a huge loss on Monday, but CNBC guests continued to encourage investors to buy stocks, saying now is the time to position oneself for the recovery and take advantage of valuations.
As the US economy "officially" enters recession, the markets slide about 2% for the week, but staged a comeback on Friday after absorbing the worst job loss since 1974. The Dow traded in an almost 570 point range.
Stocks overcame an array of dismal economic reports and rode hopes that the market may have achieved at least a temporary bottom to close higher Wednesday.
The stock market was far off its morning lows, coming close to turning positive, as investors shook off a handful of weak economic reports and snapped up biotech shares and other defensive plays.
It was real estate that led the market into recession, and David Goldberg of UBS thinks it's getting ready to lead it out. He admits that fundamentals for homebuilding companies are low, and likely to remain so for at least the next nine months. This, he believes, is the time to buy on valuation.