S&P

By Peter Tchir, Minyanville I have to say, Monday seemed like a strange day. Apple (NASDAQ: AAPL) -- oh, sorry I meant Nasdaq (^IXIC) -- was down over 0.5%, the S&P (^GSPC) was unchanged, and the Dow (^DJI) was up over 0.5%. It all makes sense when you look at the shares, but it gives me a...

What difference does a week make in this market? Not much. Despite a significant selloff on Tuesday, the S&P 500 futures rebounded for the remainder of the week to settle a few points higher. Of course, the rollover from the March to June futures contract was responsible for some of the...

Another week spent struggling to close above 13,000 and no cigar. Wake me up when we get there. Although the market was able to breach that level on two occasions, the highest close it could muster was 12,984. Based on the current market, that will be just a stopping point on the way to test...

Sterne Agee reiterates its Buy rating and $24 target price on PHH (NYSE: PHH) as it lowers estimates to reflect focus on cash generation. Sterne Agee comments, "The crux of S&P's downgrade of the company notes to BB- is tied to the company's ability to raise the required liquidity to pay...

Standard & Poor's Ratings Services, a unit of The McGraw-Hill Companies, today announced a new organization structure to accelerate growth through excellence in ratings, service and operations.  The changes are effective immediately. "As we look forward to 2012, these organizational changes...

Long-term ratings on CreditWatch negative Austria (Republic of) Sovereign Credit Rating AAA/Watch Neg/A-1+ AAA/Stable/A-1+ Belgium (Kingdom of) Sovereign Credit Rating AA/Watch Neg/A-1+ AA/Negative/A-1+ Finland (Republic of) Sovereign Credit Rating AAA/Watch Neg/A-1+ AAA/Stable/A-1+...

Shares of Assured Guaranty (NYSE: AGO) are screaming higher this morning despite S&P lowering its credit rating on the name. currently, shares are higher by 19.59%, trading at $11.60. Shares are expected to find resistance here, given that it is trading at the 50-day moving average. AGO has...

Yesterday, credit ratings agency Standard & Poor's accidentally sent out a message saying that it was downgrading France's AAA rating. In a statement, the firm said that "As a result of a technical error, a message was automatically disseminated today to some subscribers of S&P's Global...

Shares of Canadian Pacific Railway (NYSE: CP) are trading lower on the session by 2.80%, at $62.76. This comes after Bill Ackman, hedge manager at Pershing Square Capital, reported a 12.2% stake in the railway with the Securities and Exchange Commission. Mr. Ackman has control over 20.6 million...