By Wayne Cole SYDNEY (Reuters) – Asian share markets slipped while the euro hit a nine-year trough on Wednesday as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe havens such as the yen and sovereign debt. From Japan to Germany to Australia, government borrowing costs reached Read More
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By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks fell on Tuesday in choppy trading, extending losses a day after Wall Street suffered its biggest drop since early October as data showed the pace of growth in the U.S. economy had slowed. After unexpectedly strong third-quarter economic growth, data on Tuesday pointed to slowing growth Read More
U.S. stocks dropped sharply on Tuesday, a day after the market’s biggest rout since October, as investors fretted the implications of crude’s failure to find a floor.”Oil hasn’t found a bottom yet, and that’s a concern for investors,” said Paul Nolte, senior vice president, portfolio manager at Kingsview Asset Management. Crude prices fell further, with Read More
By Richard Leong NEW YORK (Reuters) – U.S. and European stocks rose on Tuesday, rebounding from heavy losses tied to anxiety about tumbling oil prices and Greece possibly leaving the euro zone, while nervous investors bought more gold, yen, low-risk government bonds and other safe-haven assets. The oil market rout has continued into early 2015 Read More
By Sam Forgione NEW YORK (Reuters) – Equity markets worldwide tumbled on Monday, led by commodity-linked shares as oil prices fell to 5-1/2-year lows and investors fled to the safety of government bonds. Crude oil futures and U.S. crude prices dropped to their lowest levels since spring 2009, hit by a global supply glut and Read More
Caterpillar (CAT) is getting smacked down by nearly 4% adding considerably to the Dow’s (^DJI) pain. The earth moving machine maker was downgraded to underweight from neutral by analysts at JPMorgan (JPM). The team notes that crude is now down some 50% and that’s probably going to be a headwind for companies like CAT that Read More
By Rodrigo Campos NEW YORK (Reuters) – U.S. stocks fell on Monday, dragged down by commodity-linked shares as crude prices fell to fresh 5-1/2 year lows and a strong dollar also weighed on metals prices. Crude oil futures prices dropped to their lowest since May 2009 amid a global supply glut and lackluster demand. Russia’s Read More
It’s a brand new year with fresh themes set to dominate the market and the Fast Money Halftime Report traders are bracing for a busy 2015. Josh Brown of Ritholtz Wealth Management is watching the technology sector and says he won’t fall out of his chair if the Nasdaq (^IXIC) takes out its March 2000 Read More
Jim Cramer thinks the market has either forgotten, or doesn’t know the meaning of the word quit! Especially with the Dow (Dow Jones Global Indexes: .DJI) closing at 17,958, S&P 500 (^GSPC) at 2,075 and Nasdaq (^IXIC) at 4,780. “Holy cow! When I got in this racket the Dow was at 800! And to think Read More
U.S. stocks ended near unchanged on Friday, with the S&P 500 down for a third session, after economic reports showed manufacturing slowing but still in expansion mode at the end of 2014. The Institute for Supply Management’s manufacturing index came in at 55.5 in December, below expectations of a decline to 57.6 from 58.7 Read More