Markets

Bullish MACD for DXP Enterprises

In its annual report, the Bank for International Settlements (BIS) said that the governments must take some decisive actions to cut budget deficits. BIS stressed that central banks must not wait for long to avoid an increase in borrowing costs or risks, resulting in another crisis. "We cannot wait for the resumption of strong growth to begin the process of policy correction," BIS added.

According to Russia's top energy official, Tony Hayward, CEO of BP PLC (NYSE: BP), is expected to resign. The report added that the name of Tony’s successor will be named at a meeting in Moscow later in the day. BP has, however, denied the report.

Total (NYSE: TOT) has joined the ranks of BP (NYSE: BP), Shell (NYSE: RDS.A) and other major oil traders. Like these companies, TOT has also decided to stop the sale of its oil to Iran. All these companies have made this move some days after the US ratified sanctions against Iran. The US had decided that it would fine any international company that would provide oil to Iran.

Read more from Benzinga's Markets.

Tesla Motors is wrapping up its sleek, high-performance electric cars in a much-anticipated public stock offering Tuesday, an IPO that seeks to tap a rich vein of cash running from the uber-techies of Silicon Valley all the way to Wall Street.

By Caroline ValetkevitchNEW YORK (Reuters) - Stocks rose on Monday, rebounding after losses last week and data showed consumer spending rose slightly more than expected in May.Consumer-related shares were among top advancers, including Coca Cola Co KO, up 2.2 percent at $51.37, and Wal-Mart Stores WMT, up 1.4 percent at...

Vice President Joe Biden was in Louisville this morning to speak about the successes of the American Recovery and Reinvestment Act of 2009. (GE)

New York, June 28th (TradersHuddle.com) - The Dow Jones Industrial Average is higher trading at 10164.7, which represents 0.21% versus its previous trading session close. The blue chip index is having a mixed day with upside bias by having 18 Dow components trading higher.

Intel (NASDAQ:INTC) is the Dow's . Read More --

Several earnings reports that will come out this week could provide investors with early indications of the health of their sectors.[More...]

New York, June 28th (TradersHuddle.com) - Seagate (NASDAQ:STX), the largest maker of hard drives and storage solutions in the world is trading at 14.14, which represents 3.36% versus its previous trading session close. Seagate is the computer hardware index best performer today, it's helping the sector adding upward. Read More --

New York, June 28th (TradersHuddle.com) - Unusual high volume detected on shares of Cabot Oil & Gas Corporation (NYSE:COG), early in the trading session. Cabot Oil & Gas is currently trading higher by 3.04%, so definitely the buyers stepping in, as the stock's volume is on pace to break its average.

Cabot O. Read More --

New York, June 28th (TradersHuddle.com) - Shares of J.C. Penney Company, Inc. (NYSE:JCP) booked a new 52 week low by trading below $22.88, traders are definitely monitoring J.C. Penney's price action to see if this move attracts further selling, or it this last push down sets a tradable bottom in the stock.

Stocks turn positive despite report that consumers remain cautious Stocks turn positive in light of a report that signaled consumers remain cautious about spending. The modest gain in stocks comes ahead of a big week of economic data, including the government’s monthly jobs report on Friday. Investors will want to see private sector job growth [...]