After an initial post-earnings bounce, IBM is headed for a gap-lower open. By Gary Morrow, TheStreet.com IBM (IBM) initially surged following its better-than-expected earnings report before losing momentum early in the overnight session. Heading into Friday's opening bell, the stock is headed for a very damaging gap-lower open and is leaving behind a ominous top near $170. If the stock...
T. Rowe Price’s Shawn Driscoll says an oversupply combined with greater efficiency means crude prices are headed lower By Howard Gold, MarketWatch The dark days of February 2016, when oil and stock prices were in a race to the bottom, are a distant memory. The lows were hit on Feb. 11, when the S&P 500 Index closed a bit above...
T. Rowe Price’s Shawn Driscoll says an oversupply combined with greater efficiency means crude prices are headed lower By Howard Gold, MarketWatch The dark days of February 2016, when oil and stock prices were in a race to the bottom, are a distant memory. The lows were hit on Feb. 11, when the S&P 500 Index closed a bit above...
Trump makes it clear that administration wants a weaker buck His influence over the currency is limited, but he has options By Andrea Wong, Bloomberg Donald Trump may have a point: the dollar is indeed strong. Judging from the Federal Reserve’s own trade-weighted dollar index, the U.S. currency is now around 7 percent above its four-decade average. A strong dollar...
Trump makes it clear that administration wants a weaker buck His influence over the currency is limited, but he has options By Andrea Wong, Bloomberg Donald Trump may have a point: the dollar is indeed strong. Judging from the Federal Reserve’s own trade-weighted dollar index, the U.S. currency is now around 7 percent above its four-decade average. A strong dollar...
Output in Permian Basin poised to lead jump By Myra P. Saefong, MarketWatch The oil market got a stark reminder Tuesday that rising oil production in the U.S. could upend efforts by major producers to bring global supply and demand for crude back in to balance. Just ahead of the settlement for oil futures prices on the New York Mercantile...
Output in Permian Basin poised to lead jump By Myra P. Saefong, MarketWatch The oil market got a stark reminder Tuesday that rising oil production in the U.S. could upend efforts by major producers to bring global supply and demand for crude back in to balance. Just ahead of the settlement for oil futures prices on the New York Mercantile...
The market (well, the S&P 500 anyway) tried all week long to get over a key technical hump, but it just didn't happen…. unless you're talking about the NASDAQ Composite, in which case it did happen. Of the two indices, that's the one you want to lead. Sooner or later though, the S&P 500 will have to follow through. It...
By Victor Reklaitis, MarketWatch Stocks could slump as President-elect Trump becomes President Trump. That’s starting to sound like practically the consensus view. The Trump rally could fizzle as the new commander-in-chief faces the “hard task of actually governing,” as one strategist put it. Stocks tend to strengthen in the two weeks after Inauguration Day, but one-month returns are typically negative,...
Despite falling short of revenue expectations last quarter, and back-sliding on one key measure, Bank of America (BAC) has pressed into new 52-week high territory on Friday following the release of its fourth quarter numbers. For the quarter ending in December, earned 40 cents per share on revenue of $20.0 billion. Those figures were up 48% and 2.2%, respectively, on...
