Stocks Give Up Early Gains
Financial stocks are turning in a weak performance following several accounts of job cuts within the mortgage market. Sun Trust and Countrywide Financial have both reported lay-offs on Monday related to defaults within their mortgage business.
Stocks Bounce Back From Morning Losses
After a morning of hovering around the unchanged line, the markets sold off before rallying back into the green in the final hour. The volatility of the current market shows how uncertain investors are in the Fed’s rate cut.
TradingMarkets 7 Options You Need to Know for Today
Today’s options list includes Countrywide Financial, iShares MSCI Japan Index, and Google.
Stocks Surge on Fed Cut
Stocks opened the session posting significant gains on the heels of a rate cut from the Federal Reserve.
Stocks Surge After Fed Rate Cut
The Fed cut the discount rate by half of a percentage point prior to the opening bell on Friday, signaling a rally to start the session. The rate cut was designed to inject liquidity into the cash-strapped markets, and to boost investor optimism.
Dow Recovers After 343-Point Decline
The markets have had a volatile final hour over the past week and today’s strong 200 point last hour move was no exception. The Dow ended the day flat, while the S&P 500 gained 0.4% and the Nasdaq lost 0.3%.
TradingMarkets 7 Options You Need to Know for Today
Today’s options list includes Countrywide Financial, Goldman Sachs, and First Horizon National.
Stocks Sink, Led by Countrywide Financial
Countrywide Financial is seeing yet another down day after it said it is going to tap into its entire credit line. CFC shares are down nearly 15%…
TradingMarkets 7 Options You Need to Know for Today
Today’s options list includes Countrywide Financial, Manor Care, and Home Depot.
Stocks Tumble Again; Dow & Nasdaq Hit 4-Month Lows
Credit concerns continued to impact investors, as the fidgety markets lost ground again on Wednesday. Despite the Fed’s injection of funds into the banking system, the Dow and S&P proceeded to close down 1.3%, while the Nasdaq fell 1.6%.
Wall Street Searches for Direction
Stocks spent the morning searching for direction after the Fed added more money to the system and investors continue to worry about inflation, consumer spending, and credit issues.
Bears in Control as Dow Tumbles Over 200 Points
Wall Street continues to take a beating on Tuesday, as stocks move farther into the red. The day started in positive territory after the labor department released optimistic economic data. However, the gains were short-lived as weakness in the retail sector drove stocks lower.