Stocks pared their losses Wednesday after a trio of weak economic reports got the market off to a lower start. Wal-Mart led Dow gainers after an analyst's remarks.
Stocks snapped a four-day winning streak on Wednesday after a trio of weak economic reports tarnished the shine on recovery hopes. This morning's ADP jobs report showed U.S. private employers shed 532,000 jobs in May, fewer than the upwardly revised 545,000 jobs lost in April, but more than 520,000 expected. Experts commented on the above and more. Read and listen to what they had to say...(UPDATED)
Stocks retreated Wednesday as a weak ADP report on the employment situation, and misses on both ISM services and factory orders offered a reminder that the economy isn't out of the woods.
ADP said May private sector jobs fell by 532k, about in line with expectations of a drop of 525k. The good news is that the level of job losses has clearly stabilized; the bad news is that we are still not seeing much of an increase in hiring. Bottom line: unemployment rate will continue to rise, at least in the near future.
Stock index futures pointed to a lower open Wednesday ahead of key jobs and mortgage data and comments from Federal Reserve Chairman Ben Bernanke on the state of the economy.
Home builder Toll Brothers reported a loss for its fiscal second quarter Wednesday that was slightly wider than analysts predicted, as revenue halved from the same period a year ago.
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Thousands of first-time homebuyers will be able to get short-term loans so they can quickly make use of a new $8,000 tax credit to pay for some of the costs of buying a home purchase.
KB Homes is up nearly 6 percent along with heavy options activity, as traders may be thinking that housing prices are finally hitting bottom.
Stocks ended lower Wednesday as banks and techs pulled back and comments from the Fed poured water on the flicker of optimism.
Stocks pared their gains Wednesday as banks pulled back but investors remained hopeful that the worst may be over for the economy.
Stocks shot out of the gate Wednesday as banks rallied after Bank of America moved to boost capital and investors were hopeful that the worst may be over for the economy.
Stock index futures pointed a higher open Wednesday as investors looked for insight on the Federal Reserve's recovery strategy and Bank of America moved to boost capital.
Stocks start Wednesday in what could be a low volume walk up to the three-day Memorial Day weekend. With the absence of much other news, traders this week have been looking over their shoulders at the credit markets, where a rush of new debt issuance is flashing positive signs for the economy.
A big rise in bank stocks combined with an influx of bargain hunters Monday helped stocks reverse much of the effects of last week's slump.
Options trading turned bullish in Lennar Monday, after Citigroup predicted that the home builder will survive the housing bust. Call volume surged to 12,428 contracts, more than triple the 20-day average...
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A recent Piper Jaffray downgrade was wrong, Cramer says. Here’s why.
Cramer asked one of Florida’s top real estate investors for an answer.