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Top Stories MarketWatch First Take: H-P’s Whitman takes charge with big cuts Hewlett-Packard will see its biggest number of job cuts ever, but if Whitman & Co succeed they could remake the computer giant in the same manner that former IBM CEO Lou Gerstner did with his revival plan.
After Hours: H-P climbs, NetApp tumbles in after-hours trade Tech-sector heavyweight releases better-than-expected quarterly results and a plan to cut thousands of jobs, while a weak forecast from the storage-technology firm sinks its shares.
Lawrence G. McMillan: Stocks are severely oversold Massive oversold conditions indicate that this short-term rally should be able to carry further.
Market Extra: Facebook order canceled? Not so fast A young retail investor relates how his brokerage tells him a a Facebook order he cancelled amid the IPO debut’s trading problems on Friday may get filled, at the reduced value. Such anecdotes risk killing already shaky retail interest in stocks.
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May 23, 2012 7:12 PM EDT
Last week started with housing data destined to disappoint. The post-stimulus housing demand numbers were staggeringly poor, justifying my own previously expressed pessimism. Existing Home Sales fell 27.2 and New Home Sales down 12.4%. Home prices rose, but only because of the mix of homes being sold. Under the stimulus plan, which gave first-time homebuyers a large $8,000 tax credit, the emphasis was on the lower priced homes, bringing down t... full story >>