Wednesday, November 21, 2007
Wednesday's close triggers Dow Theory sell signal
DJIA
12,799
-211.10
S&P
1,416
-22.93
NASDAQ
2,562
-34.66
10Yr
4.02%
-0.030
Wednesday's close triggers Dow Theory sell signal
ANNANDALE, Va.
With the Dow Jones Industrial Average's finish on Wednesday below its
August lows, the three Dow Theory newsletters I track are solidly in the
bearish camp.
Market Snapshot: U.S. stocks end sharply lower ahead of holiday
NEW YORK
U.S. stocks slid to close sharply lower Wednesday, as worries about bad
home loans, a slumping dollar and oil near $100 a barrel led traders to
take money out of the market ahead of the Thanksgiving holiday.
Economic Report: Consumer sentiment hits lowest level in two years
WASHINGTON
Consumer sentiment fell in November from the prior month, reaching its
lowest level in two years, according to a monthly survey released
Wednesday.
Futures Movers: Crude closes lower on mixed reading of U.S. data
SAN FRANCISCO
Crude-oil futures erased morning gains and closed modestly lower on
Wednesday, as an increase in inventories at an important U.S. terminal
weighed against an unexpected fall in the nation's total crude stocks.
MarketWatch First Take: Stalled Chrysler deal signals engine trouble for
M&A
NEW YORK
The ballyhooed revival of the corporate credit markets took a turn for
the worse this week when underwriters called it a holiday and postponed
the sale of $4 billion in loans backing Cerberus Capital Management's
buyout of Chrysler LLC.
