Market volatility continued it's re-assault on Wall Street today as stocks ended their worst week since February. The CBOE Volatility Index, generally regarded as the best indication of fear & volatility in the markets, shot up more than 10% to its highest level since March 15th.-a near 7 week...
After several bullish days of new record highs for the Dow and S&P 500, markets retreated somewhat today to catch their collective breaths with earnings reports filtering out. Wells Fargo reported results as expected, but Citigroup reported results that beat analysts' expectations. Yesterday, JPMorgan Chase beat estimates and BlackRock...
Hump-day on Wall Street meant a down day for the market as all three major indices ended in the red. Energy stocks led the decline, falling 1.5% with oil finishing lower. Oil dropped almost 2.5% to close at $41.71 per barrel.
As CNBC's Bob Pisani reported today, the market is...
Janet Yellen has spoken. The Federal Reserve announced Thursday that they will not raise the key interest rate in September. Many investors speculated that a raise in interest rates wouldn't bode well for the stock market. It seems that the stock market was doomed either way, as the Dow...
At the beginning of the month, former House Majority Leader Eric Cantor took a lucrative new role at Moelis & Co., a New York-based investment bank. The move, announced the day after Labor Day, seemed hasty—only two weeks after Cantor’s resignation from Congress. Suggestions abounded that the hope was...
As more earning reports came out today, Wall Street struggled to maintain gains and finished down across the board. Tech giant Apple doesn't report earnings until next week, and some experts are predicting a 10% chance of an earnings plunge. Apple is having its worst year since the financial...
As was expected The Federal Open Market Committee today approved a quarter-point increase in its target funds rate. The new target will go from 0 percent to 0.25 percent to 0.25 percent to 0.5 percent. The Federal Funds Rate has remained at zero for the last 7 years to...
U.S. stocks were lower Tuesday, as the first quarter of 2015 came to a unhappy close on Wall Street.
With today's slump, the Dow finished the first quarter lower than it began the year--a discouraging sign for investors. A Monday rally pushed the Dow back into the black for 2015,...
U.S. stock futures fell lower Tuesday, one day after the Dow and S&P 500 set new all-time highs and the NASDAQ reached 5,000 for the first time in almost 15 years.
But this morning, the outlook was pessimistic following disappointing earnings figures from major retailers like Dick’s Sporting Goods and...
U.S. stocks moved forward to open the week on Monday, as investor sentiment rebounded from over the better-than-expected jobs report from Friday. Many believed the report will play a considerable role in leading to an interest rate hike.
An increasing number of experts called for a June rates hike following...
