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NEW YORK (CNNMoney) -- U.S. stocks sank more than 1.6% at Friday's open, with the Dow erasing all its gains for the year and the 10-year yield on U.S. Treasuries hitting another record low, after a U.S. jobs report fell far short of expectations. The jobs report showed only 69,000 jobs added to payrolls, less than half the 150,000 jobs forecast by economists surveyed by CNNMoney. The unemployment rate ticked higher for the first time in a year, rising to 8.2%. "The U.S. employment report was simply terrible," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman....

NEW YORK (CNNMoney) -- U.S. stocks finished in the red Thursday, ending a wretched month on a weak note. "May is always a difficult month for the market, and this month has lived up to that reputation," said Fred Dickson, chief market strategist at D.A. Davidson, noting that the market has suffered declines in May for three out of the last four years. This month's weakness was by sparked escalating concerns about the eurozone debt crisis, with Spain and Greece keeping contagion worries front and center, as well as fears about a slowing U.S. economy. CNNMoney's Fear & Greed Index,...

NEW YORK (CNNMoney) -- Stocks fell sharply Wednesday as worries about Europe's debt crisis, specifically the Spanish banking system, again shook confidence. Investors flooded into U.S. Treasuries, raising prices and pushing the yield on the benchmark 10-year note down to a record low of 1.63%. Oil prices fell to a 7-month low amid the broad flight from risk assets. The Dow Jones industrial average (INDU) was down 143 points, or 1.1%, in late morning trading. The S&P 500 (SPX) sank 17 points, or 1.2%, and the Nasdaq (COMP) declined 33 points, or 1.2%. Alcoa (AA, Fortune 500), Caterpillar (CAT, Fortune...

Richard Russell: Stay In Cash, Something, Something 'BIG' Is Heading Our Way Joe Weisenthal May 24, 2012, 6:34 AM Bearish newsletter guy Richard Russell finds the market action to be very strange and ominous. As of today's closing, Dow down 14 out of 16 sessions! This is one you can tell your kids about. And still no collapse in breadth, and still no crash. The only thing I can make out of it is that a lot of people are "standing their ground". Maybe it's just the Dow that is dying, and the rest of the market is OK. But...

The DJIA is off over 100 points, 136 points, to 12,686. The NASDAQ and S&P 500 are off by similar percentages. The carnage is particularly severe in a few sectors. News that JP Morgan (NYSE: JPM) fired its chief investment officer reminded investors of how badly risk is managed at large banks. JPM has taken a $2 billion write-off its London traders took. JPM is down 2.81% to $35.90.Back of America (NYSE: BAC) is down 2% on similar sentiment about risk to $7.39, and Citigroup (NYSE: C) is down 2%. Morgan Stanley (NYSE: MS) is down 3.4%. Its debt will...

NEW YORK (CNNMoney) -- U.S. stocks fell Friday after a government report showed that employers added fewer than expected jobs in April. Dow Jones industrial average (INDU) was down 114 points, or 0.8%, in morning trading. The S&P 500 (SPX) fell 15 points, or 1%, and the Nasdaq (COMP) fell 53 points, or 1.5%. The jobs report showed a net gain of 115,000 jobs, far less than the 160,000 forecast by economists surveyed by CNNMoney. However, upward revisions to the February and March jobs figures and a drop in the unemployment rate to 8.1% may temper some of investors' disappointment...

NEW YORK (CNNMoney) -- U.S. stocks fell 1% Monday as investors grew concerned about European political uncertainty and another sign of a slowdown in the Chinese economy. France's prime minister Nicolas Sarkozy came in second place in the first round of presidential elections Sunday, and on Monday, Dutch Prime Minister Mark Rutte resigned. That combined with a slowdown in China's manufacturing was enough to unnerve investors at the start of what will be a busy week on the economic and earnings front. "The events over the weekend re-ignited concerns that the European community is going to have trouble working out...

NEW YORK (CNNMoney) -- U.S. stocks sold off Monday as investors reconsidered the outlook for economic growth following a disappointing jobs report last week. In addition, a higher-than-expected reading on inflation in China added to the worries. The Dow Jones industrial average (INDU) was down 147 points, or 1%, in early trading. The S&P 500 (SPX) tumbled 16 points, or 1.2%, and Nasdaq (COMP) slid 32 points, or 1%. On Friday, the Labor Department said the U.S. economy added 120,000 jobs in March, following three straight monthly gains of 200,000 jobs or more, a trend that economists expected would continue....

JPMorgan's Tom Lee: One Thing Puzzles Me About This Stock Market Rally Sam Ro April 1, 2012, 9:44 PM No one has made any money on it! JP Morgan's Tom Lee spoke with Bloomberg's Carol Massar on Friday after the S&P 500 booked its best quarter in 14 years. "Something that's been puzzling about this rally that started in March '09 is that the public hasn't really participated," said Lee. "They pulled $300 billion out of the equity markets over the last three years. And trading volumes have been low, which means the institutions haven't really been participating in this...

ROSENBERG & SRI-KUMAR: A Eurozone Endgame Could Spur A 2000-Point Rally In The Dow Simone Foxman Dec. 1, 2011, 1:17 PM Gluskin Sheff + Associates' David Rosenberg and TCW's chief strategist Komal Sri-Kumar agreed on Bloomberg TV today that the Dow could see as much as a 2000-point move if somehow EU leaders managed to tackle the solvency issues at the heart of the eurozone crisis at their summit next week. Rosenberg and Sri-Kumar both poo-pooed yesterday's nearly 400-point rally in the Dow after the announcement of coordinated central bank liquidity measures. "When I look back at the historical data...

CHICAGO PMI BEATS EXPECTATIONS: DOW NOW UP 375 Joe Weisenthal Nov. 30, 2011, 9:45 AM The good news keeps rolling in. The Chicago PMI came in at 62.6, well ahead of expectations of 58.5. The Dow is up 380 now. Stocks were already surging thanks to major central bank intervention, as well as a strong ADP number.

NEW YORK (CNNMoney) -- Investors ran for the hills Wednesday, shaken to the core by fears that Italy, Europe's fourth-largest economy, was headed deeper into crisis mode. U.S. stocks sold off sharply right from the open after Italy's 10-year bond yield spiked above 7% -- its highest since the euro was launched in 1999. The 7% figure is a psychological trigger for investors since it was the level that heightened worries about Greece, Ireland and Portugal. All three eventually needed some type of bailout. The selling intensified in the afternoon amid reports that European Union officials said they have no...

NEW YORK (CNNMoney) -- U.S. stocks sold off sharply Tuesday after Greece's prime minister called for an unexpected public vote to approve Europe's debt deal. Investors fear the referendum will jeopardize the deal, since it includes austerity cuts that have not been popular with the Greek public. At midday, the Dow Jones industrial average (INDU) was down 302 points, or 2.5%, the S&P 500 (SPX) sank 36 points, or 2.9%, and the Nasdaq (COMP) lost 83 points, or 3.1%. Bank stocks were hit especially hard, with shares of Morgan Stanley (MS, Fortune 500) down more than 9% and Citigroup (C,...

STOCKS TANK IN FINAL MINUTES OF THE DAY: Here's What You Need To Know Sam Ro Oct. 7, 2011, 4:00 PM More signs that the U.S. economy is not as bad as everyone thought. But, big downgrades in Europe bring us back to reality. First, the scoreboard: Dow: -18 S&P 500: -10 NASDAQ: -27 And now, the top stories: * The highly-anticipated September jobs data came out with a bang. U.S. companies added 103k non-farm payrolls. Economists expected just 60k. The July and August figures were both revised upwards. However, the unemployment rate was unchanged at 9.1%, which wasn't a...

REBOUND GONE: Europe Dives Into The Red, US Futures Slip Gus Lubin Sep. 23, 2011, 6:33 AM So much for the stabilization after Thursday's selloff. European markets have lost early gains, with the FTSE 100, the CAC 40 and the DAX off over 1%. Last night's unexpected G-20 statement pledging to take strong coordinated actions to support Europe apparently was not convincing. Dow futures point to a negative open, losing early gains of nearly 100 points. Here's a chart:

A dearth of knife-catchers and bottom-callers suggests that our views on a broad swathe of investors being caught unhedged and offside by Bernanke's relative inaction was correct. By the look of today's huge selloff, investors will become increasingly aware of our recent post on the difference (risks) between owning stocks and bonds. The equity market remains a market in chaos as the following charts show. We can only assume they must be extremely good at discounting whatever it is that talking-heads believe on a tick-by-tick basis - just look at the flip-flopping in the last two months (and in...

STOCKS CRATER AFTER BERNANKE ANNOUNCEMENT: Here's What You Need To Know Joe Weisenthal Sep. 21, 2011, 4:00 PM Finally, after all the anticipation, we finally got the big FOMC announcement. And as expected we got Operation Twist. And as for so frequently happens when something expected happens, stocks fell on the news. But first, the scoreboard: Dow: -281.36 NASDAQ: -47.32 S&P 500: -34.08 And now the top stories: * To start, today was all about the Fed. Europe was abnormally quiet, with very few shock headlines coming out. It sounds like Greece is getting closer to a deal with the...

NEW YORK (CNNMoney) -- Stocks remained sharply lower Friday afternoon, after a government report showing no job growth in August stoked fears that the U.S. may be headed into another recession. With an hour remaining in the trading day, the Dow Jones industrial average (INDU) was down 266 points, or 2.3%, with financial stocks leading the sell-off. Bank of America (BAC, Fortune 500) fell 8.5%, and JPMorgan Chase (JPM, Fortune 500) shed more than 4%. The selling was broad, with all of the 30 Dow issues firmly in the red. And just a handful of S&P 500 stocks showed slight...

GOLD FALLS TO EARTH, STOCKS RALLY AGAIN: Here's What You Need To Know Gus Lubin Aug. 24, 2011, 4:00 PM Image: en.wikipedia.org Three up days in a row, and two days until Bernanke's big speech. But first, the scoreboard: Dow: +131 NASDAQ: +21 S&P 500: +15 And now the top stories: * Japan suffered a credit downgrade from Moody's and the country announced a $100 billion plan to curb the strengthening yen. Hilariously the yen withstood both events (though it did weaken against the surging dollar later in the day). The Nikkei ended down 1% with similar losses around Asia....

U.S. Futures Gain Ahead Of Open Mamta Badkar Aug. 22, 2011, 8:27 AM U.S. markets indicate a higher open on expectations that the Federal Reserve will announce another round of quantitative easing. Futures on the Dow Jones Industrial Average rose 134 points to 10954, the S&P 500 rose 16 points to 1140, while Nasdaq 100 futures added 33.80 points to 2074.80. Moving closer to the opening bell, the Dow is lower than the 148 it had added earlier this morning. Here's the volatility in the Dow over the past two weeks:

US Futures Keep Heading Lower, And Japan Is Falling Sharply Joe Weisenthal Aug. 18, 2011, 8:22 PM |The rough market session continues into the early hours of the Friday open in Asia. Japan is down sharply, currently off over 2%.Meanwhile, US futures keep grinding lower after the bell. Watch for more rough going tomorrow, especially in tech, as HP fell 10% after the bell following the announcement of re-org plans.

MARKETS DEMOLISHED: Here's What You Need To Know Joe Weisenthal Aug. 18, 2011, 4:00 PM The panic is back after taking a 5-day rest. But first, the scoreboard Dow: -417.66 NASDAQ: -129.24 S&P 500: -53.02 And now, the top stories The story of today is a continuation of a global panic that's been in place for weeks now. On Monday, stocks completed the third day of the biggest three-day rally since March 2009. Then in the middle of this week, stocks basically did nothing. And now, it's back to panicking. Mostly it started in Europe once again, though even yesterday...

Pre-Market Selloff Gathering Steam, European Banks Tanking, Here We Go Again Joe Weisenthal Aug. 10, 2011, 8:45 AM After a quiet start to the day, markets are diving again in the early going here. Dow futures are off 160. NASDAQ futures are off 1.8%. Europe, which had been rallying earlier, is seeing selling across the board. All the Italian banks are getting smashed. Stomach turning.

Of Course The Nikkei Is Tanking Joe Weisenthal Aug. 4, 2011, 8:07 PM After the monstrous mini-crash in the US, the Nikkei is tanking. In early trading its off over 3%.(4.0% as I post)

Pre-Market Selloff Intensifying: Dow Off 130, Europe Getting Killed Joe Weisenthal Aug. 4, 2011, 8:42 AM Relatively benign initial claims numbers, and dovish comments from Trichet are providing no help. The pre-market selloff is intensifying, as the new bear market grows. Dow futures are off 130. Italy is off 2.5%. From FinViz, S&P futures:

TALK OF QE3 SAVES THE DOW FROM HISTORIC LOSING STREAK: Here's What You Need To Know Joe Weisenthal Aug. 3, 2011, 4:00 PM But first, the scoreboard: Dow: +38.22 NASDAQ: +26.00 S&P 500: +7.05 And now, the top stories: * With the debt deal over, the focus turns (finally!) to the ongoing crisis in Europe, and the worsening economy in the US. In Europe, there wasn't much new in terms of developments. The main thing that gave markets a bit of an early lift was an emergency rate cut by the Swiss National Bank in the hopes of stemming the...

CHART OF THE DAY: The Market Does Something It Hasn't Done Since The Worst Of The Financial Crisis Joe Weisenthal Aug. 2, 2011, 4:15 PM Today's huge drubbing for stocks makes 8 straight down days for the Dow. The last time this happened? The depths of the financial crisis, in October 2008. Just saying.

Relax About The Stock Market Already, Says Sonders — The Outlook Is Good By Henry BlodgetJuly 28,2011 In the past few days, investors have finally begun to worry that the debt-ceiling fight in Washington will lead to a market crash. And some of them have begun rushing for the exits. Longer-term, investors worry that the stock market has come so far in the past two years--doubling off the 2009 lows--and that the economy is so rickety, that stocks can't possibly be a good investment here. The chief investment strategist at Charles Schwab, Liz Ann Sonders, says they can rest easy....

STOCKS FALL AFTER FREAK BLIZZARD OF NEWS: Here's What You Need To Know Joe Weisenthal Jul. 12, 2011, 4:00 PM WHATADAY! But first, the scoreboard: Dow: -56.76 NASDAQ: -20.69 S&P 500: -5.91 And now, the top stories: * The easiest place to begin is yesterday, when stocks got smashed on all kinds bad news from Italy, to the debt ceiling talks breaking down, to ongoing reverberations from Friday's jobs report miss. * All that continued today. Asia had a rough night. The Hang Seng fell 3%. Other markets fell hard as well. But the party really got started when Italy...

Wall Street Set To Tumble As Global Markets Roiled Tuesday July 12, 2011, 7:48 am By Edward Krudy NEW YORK (Reuters) - Wall Street was headed for a third day of losses on Tuesday as fears of a systemic crisis in the euro zone grew, sending index futures sharply lower. In a rerun of the spring selloff in equity markets, U.S. stocks fell sharply in the last session as European officials for the first time refused to rule out default by Greece and investors feared the crisis could overtake Spain and Italy. "The markets have been gripped by fear, how...

STOCKS SMASHED AS EXISTENTIAL FEAR COMES BACK WITH A VENGEANCE: Here's What You Need To Know Joe Weisenthal Jul. 11, 2011, 4:00 PM Image: European Southern Observatory Today was a day of pondering existential threats to entire political/financial systems. Not surprisingly, everything sold off pretty hard. But first, the scoreboard: Dow: -142.35 NASDAQ: -57.18 S&P 500: -24.18 And now, the top stories: * All weekend we talked about Italy, and then guess what: Italy crashed today: After opening down just a modest 1%, the main FTSE MIB index fell 3.9% (though at one point it was closer to down 5%)....

The Stock Market Is Overvalued Between 48% And 61% Doug Short, DShort.com Jul. 2, 2011, 8:16 AM The Q Ratio is a popular method of estimating the fair value of the stock market developed by Nobel Laureate James Tobin. It's a fairly simple concept, but laborious to calculate. The Q Ratio is the total price of the market divided by the replacement cost of all its companies. Fortunately, the government does the work of accumulating the data for the calculation. The numbers are supplied in the Federal Reserve Z.1 Flow of Funds Accounts of the United States, which is released...

NEW YORK (CNNMoney) -- Stocks slid deep into the red Friday, as disappointing news from Oracle and Micron Technology weighed heavily on tech stocks, offsetting slightly positive economic reports on U.S. gross domestic product and durable goods orders. The Dow Jones industrial average (INDU) lost 115 points, or 1%; to close at 11,935. The Dow fell 0.6% for the week, its seventh weekly decline in the past eight weeks. The blue chips were dragged lower by the Dow's tech components Microsoft, Intel (INTC, Fortune 500) and Cisco (CSCO, Fortune 500), and, separately, the drug company Pfizer (PFE, Fortune 500). Pfizer...

NEW YORK (CNNMoney) -- A stock sell-off intensified Wednesday afternoon amid gloomy manufacturing data and renewed fears aboout Greece's debt problems. The Dow Jones industrial average (INDU) dropped 195 points, or 1.6%, with all 30 of blue-chip index's stocks trading lower. Bank of America (BAC, Fortune 500) and JPMorgan Chase (JPM, Fortune 500) were among the biggest laggards. Other financial stocks followed suit, with shares of Wells Fargo (WFC, Fortune 500) and Citigroup (C, Fortune 500) down 3%. The S&P 500 (SPX) slipped 24 points, or 1.9%, with a 10% drop in shares of Owens-Illinois (OI, Fortune 500) leading the...

NEW YORK (CNNMoney) -- Stocks retreated broadly on Friday, with the Dow ending below 12,000 for the first time in three months and the Nasdaq erasing all of its gains for the year. Insurance and financial stocks started the selling spree, but it quickly spread to all sectors. Commodities were hit hard. Oil and silver prices slumped nearly 3%. * 180 * * * Print Late in the session, bank stocks turned higher, helping the broader market pare losses. The Federal Reserve issued a proposal to increase capital requirements on large banks by 5%, which was far less than investors...

MARKET CRATERS ON MOUNTAIN OF HORRIBLE NEWS: Here's What You Need To Know Joe Weisenthal Jun. 1, 2011, 4:00 PM Finally. The market craters. But first, the scoreboard: Dow: -276.85 NASDAQ: -65.84 S&P 500: -29.97 And now the top stories: * The easiest place to start, when describing what happened today, is by pointing out that economic data has been weakening for sometime, but the market has really been holding up just fine. Everyone's been wondering: When will that give? That may have begun today * Because it was PMI day around the world, there was quite simply, a huge...

NEW YORK (CNNMoney) -- Libya's escalating political crisis sparked a sell-off in U.S. stocks Tuesday, with the Dow down more than 200 points during the final hour of trading, as oil prices continued to skyrocket. Ongoing weakness in the housing market also added pressure after a report showed that national home prices fell 4.1% during the fourth quarter of 2010. The Dow Jones industrial average (INDU) was down 205 points, or 1.7%. Wal-Mart (WMT, Fortune 500) was one of the worst performers on the Dow, with shares down almost 4% after the retailer reported disappointing U.S. sales figures. The S&P...

NEW YORK (CNNMoney) -- U.S. stocks plunged Friday, with the three major index logging the worst daily drops in months, as investors grew nervous about political unrest in Egypt. The Dow Jones industrial average (INDU) lost 166 points, or 1.4%, the biggest daily drop since Nov. 16, 2010. A 3.9% drop in Microsoft's (MSFT, Fortune 500) stock led the blue chips lower despite the company posting record sales of $20 billion. The deep losses also ended the Dow's 8-week winning streak. The index slipped 0.4% during the week.

NEW YORK (CNNMoney.com) -- U.S. stocks retreated Monday, with the Dow Jones industrial average dropping below 11,000, as investors focused on increased tensions overseas and shrugged off indications of strong holiday retail sales. In afternoon trading, the Dow Jones industrial average (INDU) was down 118 points, or 1.1%, to 10,974. The S&P 500 (SPX) fell 10 points, or 0.8%, and the Nasdaq (COMP) lost 30 points, or 1.2%. A combination of downbeat news gave investors little to be thankful over the weekend, as renewed fears about Europe's debt crisis, feuding South and North Korea, and a WikiLeaks release of controversial...

NEW YORK (CNNMoney.com) -- U.S. stocks tumbled Tuesday, with all three major indexes down nearly 2%, as investors cast a worried eye at economic developments in Europe and China. The Dow Jones industrial average (INDU) finished 178 points lower, or 1.6%, with Alcoa (AA, Fortune 500) and Travelers Companies (TRV, Fortune 500) leading the blue chip index's decline. Earlier in the session, the Dow fell more than 200 points. The S&P 500 (SPX) fell 19 points, or 1.6%. The tech-heavy Nasdaq (COMP) lost 44 points, or 1.8%. The Dow and the S&P posted the biggest one-day losses since Aug. 11...

Markets Tanking, NASDAQ Down Over 1.8% Gregory White Nov. 11, 2010, 9:51 AM Markets have opened up much lower, on the Cisco news from yesterday. Dow down 0.95% S&P 500 down 1.02% The NASDAQ is leading losses, down over 1.8%.

Guy Who Predicted Dow 5,000 Gives Embarrassing Explanation For Why He Blew It Joe Weisenthal Oct. 14, 2010, 10:18 AM Image: CNBC Remember David Hefty? He's the guy who in May predicted that the Dow would collapse to 5,000 by the end of the year, and well, his prediction isn't looking so hot. He was back on CNBC this morning explaining his wrong call, except... he claims he's not wrong. He says he was just really early -- which, truth be told -- is pretty much the lamest excuse in the book. But why was he early? Basically because governments...

FORTUNE -- Don't believe the bulls who predict a new era of rising stock prices. Sure, their arguments sound convincing: Confidence will surge following the arrival of a new, business-friendly Congress, the U.S. economy always rebounds strongly after a deep recession -- it's just taking longer this time. Or, it's the nature of the market to post big gains after a decade or more of poor returns. Unfortunately, the basic math doesn't support the optimists' case. Put simply, the stock market is in a box that makes high future returns virtually impossible for people who invest in the S&P 500...

As Stocks Go Up, Investors Exit The MarketVincent Fernando, CFA Sep. 24, 2010, 1:32 PM Latest mutual fund flow data from the Investment Company Institute shows that investors pulled $3.6 billion out of domestic U.S. stock funds for the week ending September 15th. Funds which invest in foreign stock markets received $582 million of new capital, for a net -3.02 billion fund flow for stocks according to Citi's Tobias Levkovich. Yet the S&P 500 rose over the period, as shown below by this chart ending on September 15th. Stocks rose from the end of August through September 15th: Bond funds...

NEW YORK (CNNMoney.com) -- U.S. stocks retreated Tuesday after a report showing existing home sales plunged to historic lows spooked investors. The Dow Jones industrial average (INDU) sank 97 points, or 1%, the S&P 500 (SPX) lost 12 points, or 1%, and the Nasdaq (COMP) composite fell 25 points, or 1.2%. "Economic reports have been close to disastrous," said Joseph Saluzzi, co-head of equity trading at Themis Trading. "People are very concerned about the economy and everyone is talking about a double-dip [recession] at this point." The disappointing economic news has sent investors flocking to the perceived safety of Treasurys...

Wall Street gave a thumbs-down to the economy as the Dow Jones slipped into the red for the year. The Dow Jones tumbled 265 points on Wednesday amid growing worries that the world economy is weakening. The pessimism from traders came one day after the Federal Reserve downgraded its outlook for the economic recovery amid fears of a double-dip recession. Wednesday's tough day on the markets is the latest piece of difficult news for the White House, which is trying to promote last year's $787 billion stimulus through a series of events it has dubbed the "recovery summer." President Obama,...

NEW YORK (CNNMoney.com) -- Stocks slid Wednesday after a wider U.S. trade gap and downbeat foreign data cast doubt on overseas demand for American goods. The Dow Jones industrial average (INDU) tumbled 222 points, or 2.1%, and the Nasdaq (COMP) sank 64 points, or 2.8%. The S&P 500 (SPX) fell 28 points, or 2.5%. Earlier Wednesday, the government reported the trade deficit widened to $49.9 billion in June from a revised $42 billion the previous month. Economists surveyed by Briefing.com expected the balance to come in at $42.2 billion. "[The] figures suggest the U.S. cannot rely on a boost from...

A jagged July ends positive, and two battered bulls feel vindicated. First, a proprietary word: The Hulbert Stock Newsletter Sentiment Index (HSNSI) -- which the reflects the average equity exposure among a subset of the short-term market timing newsletters tracked by the Hulbert Financial Digest -- stood on Friday night at 35%, down from 47.5% on Thursday. Earlier this month, Mark Hulbert argued that the HSNSI's relative slow response to the market rebound off its July 2 low was bullish from a contrary point of view. Stocks are indeed slightly higher now, but so is the HSNSI. Mark Hulbert regards...

Stocks Surge After ISM, S&P Blasts Above Key Level Joe Weisenthal Aug. 2, 2010, 10:05 AM The mood was already really great, but the just-out ISM has supercharged the rally. All of the major indices are up around 1.5%, and for the technical watchers out there, the S&P has now blown above its 200-day moving average. The decent ISM number is especially good news because Goldman had predicted a debacle, and because all the macro numbers have been weak, so this counts double. Image: StockCharts.com[snip]

Markets Tank To End The Week: Here's What You Need To Know Gregory White Jul. 16, 2010, 4:00 PM Bank earnings that beat estimates, and yet disappointed due to poor revenue numbers, and continued worries about the strength of the U.S. recovery brought markets down heavily today. First, the scoreboard: * Dow down 2.52% * S&P 500 down 2.88% * NASDAQ down 3.11% Notably, the euro is now trading at $1.29 and the pound is now near $1.53. Now, today's top stories: * Bank shares tumbled today on concerns over revenue weakness. Investors seem worried about banks lack of lending...