US stock index futures pointed to a flat open for Wall Street before Fed chairman Ben Bernanke's semi-annual report on monetary policy and the economy at 10am ET. Bernanke's words are likely to influence whether the stock market can recover from yesterday's selloff, with the Nasdaq and the S&P 500 posting their biggest one-day losses since February 4. The Dow's nearly 101 point drop was its biggest since February 8.
Following are the big catalysts that the Fast Money traders expect will move the market or sectors of the market on Wednesday February 24th.
Even in these tough times you can still find opportunity. You just have to know where to look!
Stocks suffered their biggest decline in three weeks Tuesday as a sharp drop in consumer confidence rattled the market.
Lawmakers heard a brief, but riveting, description of Toyota's problem with the sudden acceleration of its cars from Rhonda Smith, a Tennessee woman whose Toyota-made Lexus suddenly zoomed to 100 miles per hour as she tried to get it to stop — shifting to neutral, trying to throw the car into reverse and hitting the emergency brake.
Stocks opened lower Tuesday after an unexpected drop in German business confidence but the Dow soon rebounded, led by Home Depot after the company's earnings beat.
Want to know the real reason that the Dow is down on Tuesday? Cramer thinks he has an answer.
Markets opened lower on Tuesday, but the Dow rebounded, led by Home Depot after the company's earnings beat analysts' estimates. How should investors be positioned? Jerry Kleintop, chief market strategist at LPL Financial and Sarat Sethi, partner and portfolio manager at Douglas C. Lane & Associates shared their market insights.
Volume looks to be a little light early on today, but the news flow is not: Overnight, futures were slightly higher until the IFO Business Sentiment Survey came out in Germany. It was worse than expected. In the U.S., Wall Street will focus on Case-Schiller in the housing sector and consumer confidence. Both Toyota and Greece continue to have a presence...
As two days of Congressional hearings begin today, there is one question above all others that will be front and center: are the electronics in Toyota gas pedals flawed?
US stock index futures pointed to a slightly lower open for Wall Street Tuesday, as minimal losses ended four-day advances for the Dow and the S&P 500 and a six-day streak for the Nasdaq Monday.
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The Japanese automaker said it received a subpoena from a federal grand jury in New York seeking documents related to unintended acceleration in its vehicles and the braking system of its Prius hybrid.
M&A activities have been on the rise in recent weeks, so where are the likely sectors that investors should focus on? Peter Boockvar, equity strategist at Miller Tabak and Frank Aquila, partner at Sullivan & Cromwell shared their insights.
Toyota's stay in the penalty box won't be a quick one. If the last week has shown us anything it's the fact hearings, lawsuits, and a steady stream of stories about Toyota being slow to recall millions of potentially dangerous will keep flowing for some time.
US stock index futures pointed to a slightly higher open for Wall Street Monday, following the best weekly gains for the Dow and the S&P 500 in more than three months.
Stocks eked out a gain Friday, with the Dow ending above 10,400, as the initial shock of the Fed's surprise move to raise the discount rate wore off.
The Federal Reserve's move to hike the discount rate worried investors, who fear the end of a low-rate era. However, David Darst, chief investment strategist at Morgan Stanley Smith Barney, said this is a “glass-is-half-full situation.”
Markets edged up after opening lower on Friday following the Federal Reserve's decision to raise the discount rate. How is the Fed’s action affecting the currency and commodities markets? Peter Sorrentino, senior portfolio manager at Huntington Asset Advisors, Peter Beutel, president of Cameron Hanover, and Boris Schlossberg, director of currency research at GFT Forex, shared their expertise.