Mario Gabelli's Market Insight
As investors continue searching for buy signals, Gamco Investors’ Maria Gabelli tells CNBC he uses M&A activity as an indicator.
Stocks End Mixed Ahead Of Jobs Report
So far, the action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) has been very strong and stocks are simply pausing to consolidate their recent gains. It was encouraging to see the bulls show up and defend support (formerly resistance) in recent weeks. The next level of support for the major averages is their respective 200-day moving average (DMA) lines while the next level of resistance is their respective April highs. Trade accordingly.
Solid Chain Store Sales Numbers
Investors are also watching those retail chain store sales numbers coming in, with CNBC’s Jane Wells
Weekly Jobless Claims Fall
U.S. jobless laims fell 11,000 week ending Oct. 2, with CNBC’s Rick Santelli & Steve Liesman.
ECB Keeps Rates at Record Low
The European Central Bank kept interest rates on hold Thursday, as expected. Jörg Krämer, chief economist at Commerzbank, considers the strategy of the central bank.
BoE Leaves Rates Unchanged
The Bank of England left interest rates and its quantitative easing program unchanged Thursday, as expected. Lothar Mentel, CIO from Octopus Investments, and Anthony Gibbs from Vantage Capital Markets, discuss the outlook.
Paulsen, Fink Share Market Outlooks
James Paulsen, of Wells Capital Management, and Larry Fink, of BlackRock, share their market outlooks with CNBC.
Stocks Slide on Weak Jobs Data
Market Action- Confirmed Rally:
So far, the action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) has been very strong and stocks are simply pausing to consolidate their recent gains. It was encouraging to see the bulls show up and defend support (formerly resistance) in recent weeks. The next level of support for the major averages is their respective 200-day moving average (DMA) lines while the next level of resistance is their respective April highs. Trade accordingly.
Most Powerful Women In Banking
Insight on women in the banking business, with Diane Reyes, Citigroup global head of payments; Shelaghmichael Brown, BBVA Compass; Susan Ehrlich, Sears Financial Services; Carla Harris, Morgan Stanley Investment Management; Michelle Van Dyke, Fifth Third Bancorp; and Barb Rehm, US Banker.
The Return of Volume
Robert Weissenstein, CIO at Credit Suisse Private Banking Americas, tells CNBC volume has made the rally more viable.