This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks Dip Slightly as the Start of Earnings Season Nears

In possible further changes for the bank, CNBC also reported that Citigroup and Morgan Stanley (MS) are in talks about merging their brokerage businesses.

President-elect Barack Obama last week pledged accountability and transparency in a pitch for his administration's $800 billion economic stimulus plan, dubbed the American Recovery and Reinvestment Plan. The president elect has also promised to better monitor the second $350 billion of the troubled asset relief fund (TARP) -- bailout money for the financial institutions - should lawmakers release it.

President Bush said Monday in his last press conference of his term that he has talked to Obama about the TARP money and would be willing to ask for it if the president elect needed it ready.

"He hasn't asked me to make the request yet, and I don't intend to make it unless he specifically asks me to make it," said President Bush.

Meanwhile, Mideast tensions, signs that OPEC supply restrictions are being implemented and the Gazprom-Ukraine gas dispute were outweighed by concerns that the economic downturn would continue to weigh on demand. Oil prices fell 17% last week, and started the new week on a downward course, declining $2.59 at $38.24 a barrel.

Gold was down $25.30 to $829.70 an ounce. Longer-dated Treasuries were recently falling; the 10-year note was declining 9/32 to yield 2.4%, and the 30-year was down 25/32, yielding 3.1%.

The dollar was stronger against the euro and pound, and weaker against the yen.
2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AA $10.96 0.00%
BA $134.01 0.00%
C $46.68 0.00%
CVX $103.31 0.00%
INTC $30.61 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs