Are You a Bull or a Bear? Vote in Our Poll

Where do you think stocks are headed next week?
By TSC Staff ,

This past week, the price of oil reached an all-time high and U.S. stocks finished to the downside. The Dow Jones Industrial Average was down 120.90 points, or 0.9%, to 12,745.88, and the S&P 500 lost 9.40 points, or 0.7%, at 1388.28. The Nasdaq gave back 5.72 points, or 0.2%, at 2445.52.

On Friday,

Citigroup

(C) - Get Report

,

AIG

(AIG) - Get Report

and

FedEx

(FDX) - Get Report

all offered up bad news for shareholders.

Swiss banking titan

UBS

(UBS) - Get Report

was also the bearer of bad tidings, announcing it is starting to implement previously announced jobs cuts.

On the technology side,

Nvidia

(NVDA) - Get Report

gained 2.6% a day after its quarterly report, which was followed by a Stifel Nicolaus upgrade.

Priceline.com

(PCLN)

was even more impressive, adding 12% to $138.63 in the wake of its strong numbers.

Also performing fairly well were

Sprint

(S) - Get Report

,

Alcoa

(AA) - Get Report

and

Advanced Micro Devices

(AMD) - Get Report

, which were all up at least 8% for the week.

Meanwhile, the Street is beginning to suspect that

Bank of America

(BAC) - Get Report

might be paying too much for

Countrywide Financial

( CFC). Concerns about Countrywide's debt may be cause for an overhaul of the deal,

according to some analysts.

Next week,

Wal-Mart

(WMT) - Get Report

and

Hewlett-Packard

(HPQ) - Get Report

are slated to report earnings, and talk of a potential

Circuit City

(CC) - Get Report

buyout has investors excited about the troubled electronics vendor.

Where do you think the market's headed? Vote in our poll, and let your voice be heard.

View the embedded media.
View the embedded media.

This article was written by a staff member of TheStreet.com.

Loading ...