Saturday, August 11, 2007
Markets Friday, 08/10/2007
| Dow : 13239.54 down 31.14
| S & P : 1453.64 up 0.55 |
| NASDAQ: 2544.89 down 11.60
| Bond (10Y): 4.80%, 99.53 |
--------------------
MARKETS:
Wall Street is down, but not out Major gauges cut losses, but still end
in the red for day 2 as investors weigh Fed's $38 billion infusion into
the banking system. Worries remain about tightening credit, subprime
mortgage market fallout.
Friday, August 10, 2007
The Dow caps off another hectic day a hair lower as investors are reassured by the Fed's $38 billion cash infusion.
The Dow caps off another hectic day a hair lower as investors are
reassured by the Fed's $38 billion cash infusion.
Markets:
DJIA
13,239
-31.14
S&P
1,453
+0.55
NASDAQ
2,544
-11.60
10Yr
4.78%
-0.014
The week's top news and analysis
It was the best of times. It was the worst of times. Or, revoking
literary license, the second worst.
While only one February session had taken a greater toll on the Dow
Jones Industrial Average this year than did Thursday's nearly 390-point
sell-off, the blue-chip gauge's Tuesday rise of 286 points was its
biggest of the year -- in four years, in fact.
When all was said and done, even those paying rapt attention to the
week's dizzying changes of direction might have been surprised to learn
that blue-chip U.S. stocks ended the week higher, meaning investors
won't require sutures to stanch the bleeding but may want to don
cervical collars to treat their whiplash. The S&P 500 (SPX) led the way,
rising 1.3% on the week, while the Nasdaq Composite (COMP) advanced 1.3%
and the 30-stock Dow industrials (INDU) nosed 0.4% upward.
Forums:
Dow industrials extend losses, down around 200 points, as credit concerns roil Wall St.
Dow industrials extend losses, down around 200 points, as credit
concerns roil Wall St.
Fed says it will pump cash into markets as needed
Before U.S. stock markets opened Friday, the U.S. Federal Reserve tried
to reassure investors that the central bank would pump extra money into
the U.S. financial system to make sure the credit crunch doesn't
worsen.
Thursday, August 09, 2007
U.S. stocks dive deeper, Dow closes with 387 point loss
DJIA
13,270
-387.18
S&P
1,453
-44.40
NASDAQ
2,556
-56.49
10Yr
4.79%
-0.070
U.S. stocks dive deeper, Dow closes with 387 point loss
NEW YORK
U.S. stock losses accelerated Thursday, socking the Dow with its second
worst close so far this year, as reports of liquidating hedge funds
triggered more credit-related anxiety that sparked three central banks
to attempt an intervention.
Bad loans pile up as another $43 billion in deals delayed
SAN FRANCISCO
In the past two weeks, another 13 corporate loan or bond deals have been
postponed or reduced, representing slightly less than $43 billion,
according to new research released Thursday by Baring Asset Management.
Portfolio liquidation triggers turmoil among hedge funds
SAN FRANCISCO
The liquidation of a big hedge fund or investment-bank trading portfolio
is wreaking havoc in some parts of the hedge-fund business, according to
managers and investors.
BNP suspends fund valuations amid credit-market turmoil
LONDON
BNP Paribas, one of the largest banks in France, said Thursday that it
will stop valuing three of its funds and is suspending investor
withdrawals after U.S. subprime-mortgage woes led to the "complete
evaporation of liquidity," the latest sign of housing market troubles in
the world's biggest economy rippling across the globe.
Dow plunges more than 350 points as credit fears once again spook investors. Bond prices surge.
Dow plunges more than 350 points as credit fears once again spook
investors. Bond prices surge.
Dow Jones industrial average tumbles more than 300 points minutes before the close of trading on heightened credit fears.
Dow Jones industrial average tumbles more than 300 points minutes before
the close of trading on heightened credit fears.
ECB, Fed provide $150 billion to boost market liquidity
DJIA
13,518
-139.33
S&P
1,478
-18.83
NASDAQ
2,595
-17.42
10Yr
4.79%
-0.074
ECB, Fed provide $150 billion to boost market liquidity
LONDON
The world's two biggest central banks stepped in to assuage fears of a
credit-market crunch Thursday, pumping some $150 billion into volatile
markets in an effort to boost liquidity.
Market Snapshot: U.S. stocks slide as ECB moves to offset credit
worries
NEW YORK
U.S. stocks turned negative Thursday, capping a three-day surge that had
the Dow gaining the most in nearly four years, as credit worries bubbled
back to the surface, prompting action by the European Central Bank and
the Federal Reserve.
BNP suspends fund valuations amid credit-market turmoil
LONDON
French bank BNP Paribas said Thursday that it will temporarily stop
valuing three of its funds and won't allow customers to withdraw their
investments after U.S. subprime-mortgage woes led to the "complete
evaporation of liquidity."
Home Depot says may cut price for supply business
NEW YORK
Home Depot Inc. on Thursday said it's in talks with the buyers of its
supply business on cutting the purchase price from the original $10.33
billion.
July was hot, but not for retailers as consumers stayed away
CHICAGO
Retailers struggled to sell shirts, shorts and shoes in July as shoppers
spent less while they grappled with economic anxieties and volatility
that has rocked financial markets.
Forums:
中國兒童學習負擔沉重是否是家長"望子成龍心切"的結果？這種教育方式是否會偃苗助長？More...go
to
http://www.bloglines.com/blog/johnDispatch
Breaking News Thu., August 9, 2007
STOCK PLUNGE MORE THAN 200 POINTS AT OPENING BELL AFTER BAD NEWS ABOUT
SUB PRIME MORTGAGES
Wednesday, August 08, 2007
Markets Wednesday, 08/8/2007
| Dow : 13657.86 up 153.56
| S & P : 1497.49 up 20.78
| NASDAQ: 2612.98 up 51.38
| Bond (10Y): 4.88%, 97.06
MARKETS:
Wall Street pulls off a winner Housing, tech and easing credit market
worries send major gauges sharply higher, despite last minute pullback.
Oil prices rally on surprise decline in gasoline inventories.
Oil prices rally on surprise decline in gasoline inventories.
U.S. stocks get lift from Cisco, Fed comments
DJIA
13,591
+87.39
S&P
1,491
+14.95
NASDAQ
2,606
+44.94
10Yr
4.85%
+0.103
U.S. stocks get lift from Cisco, Fed comments
NEW YORK
Stocks rallied Wednesday, drawing strength from a higher revenue outlook
from Cisco Systems Inc. as well as a Federal Reserve policy statement
that indicated moderate growth should persist, even with the recent
turmoil in the credit markets.
Breakfast and late nights boost McDonald's
CHICAGO
Hot breakfast sales and late-night hours in the U.S. and new menu items
and creative marketing in France, Germany and the U.K. fueled robust
sales at McDonald's Corp. in July, the company said Wednesday.
Tuesday, August 07, 2007
Market s Tuesday, 08/7/2007
| Dow : 13504.30 up 35.52
| S & P : 1476.71 up 9.04
|NASDAQ: 2561.60 up 14.27
| Bond (10Y): 4.77%, 97.91
---------------------------------------------------------
MARKETS:
Stocks finish higher on Fed day Major gauges endure another wild ride
ending higher, as Fed statement comforts investors.
Breaking News: Fed keeps interest rates steady
The Federal Reserve once again left its target for short-term interest
rates unchanged at 5.25%, highest since March 2001, following its
meeting Tuesday.
U.S. stocks slide before Fed
DJIA
13,445
-23.25
S&P
1,467
+0.02
NASDAQ
2,542
-4.73
10Yr
4.74%
+0.008
U.S. stocks slide before Fed
NEW YORK
Stock prices declined Tuesday, shifting gears again after the prior
day's rally, after the government reported increased labor costs and
lower-than-forecast productivity in the last quarter and investors
looked for calming words from the Fed.
The Fed: Decision day for Bernanke; all eyes on Fed statement
WASHINGTON
The Federal Reserve faces an important decision at their policy meeting
Tuesday: whether and how to address the fears of a broad credit crunch
from the turmoil in the mortgage market.
Economic Report: U.S. productivity weaker than expected in second
quarter
WASHINGTON
The latest figures on output in the U.S. workplace show a mix of slower
productivity growth and upward pressures on wages, painting an
unpleasant picture for the Federal Reserve.
Monday, August 06, 2007
Markets Monday, 08/6/2007
|----------------------------------------------
| Dow : 13468.78 up 286.87
| S & P : 1467.67 up 34.61
| NASDAQ: 2547.33 up 36.08
| Bond (10Y): 4.74%, 98.09
-----------------------------------------------
MARKETS:
Explosive day for the DowBlue-chip barometer soars nearly 300 points,
posting biggest point gain so far this year, a day ahead of Fed
meeting.
American Home Mortgage files for Chapter 11 bankruptcy protection, Reuters reports.
American Home Mortgage files for Chapter 11 bankruptcy protection,
Reuters reports.
U.S. stocks mixed after Friday sell-off
DJIA
13,229
+47.15
S&P
1,436
+3.50
NASDAQ
2,504
-6.49
10Yr
4.69%
-0.012
U.S. stocks mixed after Friday sell-off
NEW YORK
After first rallying at the open, U.S. stocks returned to their volatile
ways to trade mixed on Monday, with investors remaining nervous about
credit markets and the impact of subprime mortgages on financial
institutions.
Cerberus hires Nardelli to run Chrysler
SAN FRANCISCO
Cerberus Capital Management LP has picked former Home Depot Inc.
Chairman Robert L. Nardelli to run its newly acquired Chrysler auto
manufacturing unit.
American Home Mortgage files for bankruptcy protection
BOSTON
After laying off nearly all of its staff and closing down most of its
business operations, American Home Mortgage Investment Corp. on Monday
filed Chapter 11 bankruptcy.
Report: Spector resigns from Bear Stearns
SAN FRANCISCO
Bear Stearns Cos. co-president and co-chief operating officer Warren
Spector resigned Sunday at a meeting of the firm's board of directors,
according to a published report.
