Economic worries weigh heavily on the market, with PepsiCo and Microsoft hit hard. But financial stocks are solidly higher after the Treasury announces a $250 billion plan to buy into banks. Johnson & Johnson boosts its forecast. Investors cheer Intel earnings.
I think short-covering by speculators who’d seen stocks headed lower produced Monday’s big rally. But that’s not the kind of rally you want. The swings are too big and difficult to manage. But I’m trying. Here’s how.
As painful as this market has been, your retirement plan remains the best place for your money. With these 6 steps, you can eventually come out ahead.
Pressured by recession and surging prices, the warehouse chain tries new tricks to satisfy customers, including special deals with Starbucks, Hershey and Versace.
It’s rough traveling out there, with the market’s twists and turns surprising us daily. But this 5-part road map could lead you through the coming dips and curves.
The blue chip index posts a record point gain and its biggest 1-day percentage gain since 1933. Gains for Asian stocks and stock futures suggests more gains Tuesday. The U.S. plans to invest $250 billion of the bailout investing directly in bank stocks.
Concerted efforts from the world’s governments appear to have stopped a complete financial breakdown, so I no longer need this hedge in my portfolio.
Coordinated government action to restore faith in banks sparked a huge equity rally that should help undo the damage of the past few weeks. Stocks should see double-digit percentage gains in the short term. Longer term, the economic outlook remains bleak.
The discount retailer, which earlier this decade aggressively grabbed a bigger share of the toy market, prepares for the year-end holidays by slashing prices on 10 popular toys to $10.
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