Friday, August 31, 2007
U.S. stocks finish higher as Bernanke, Bush calm market
DJIA
13,357
+119.01
S&P
1,473
+16.35
NASDAQ
2,596
+31.06
10Yr
4.54%
+0.035
U.S. stocks finish higher as Bernanke, Bush calm market
NEW YORK
U.S. stocks ended higher Friday, buoyed by a proposal by President Bush
to help subprime homeowners and a speech by Federal Reserve Chairman Ben
Bernanke, who did not dispel beliefs that a rate cut will come in
September.
FHA plan part of historical mission
WASHINGTON
The president's proposal Friday to allow more troubled borrowers to
refinance with Federal Housing Administration-insured loans will push
the agency to fulfill its historical mission and try to keep a bad
situation from getting worse, experts said.
The Fed: Bernanke says policy-makers paying 'close attention' to market
JACKSON HOLE, Wyo.
The Federal Reserve is prepared to act as needed to prevent turmoil in
global financial markets from gathering enough strength to hurt the U.S.
economy, Ben Bernanke said Friday.
Bush offers proposals to stem mortgage crisis
WASHINGTON
The White House is proposing to expand the role of the federal
government to stem a wave of mortgage defaults, President Bush said
Friday, unveiling a series of steps including allowing refinancing into
government-insured mortgages.
Apple to pull NBC shows from iTunes, citing price dispute
SAN FRANCISCO
In a move that illustrates the growing tension between Hollywood and
Apple Inc., the iconic consumer electronics company confirmed Friday
that it will pull shows from NBC off its popular iTunes online store due
to a dispute with the network over pricing.
Forums:
中國副總理吳儀被《福布斯》評為2007年"世界百名權威女性"排名榜上位列第二。More...go
to
http://www.bloglines.com/blog/johnDispatch
Stocks closed higher with the Dow adding 117 pts. as investors were reassured by comments from Fed Chief Bernanke and President Bush.
Stocks closed higher with the Dow adding 117 pts. as investors were
reassured by comments from Fed Chief Bernanke and President Bush.
Bush expands govt's ability to insure home loans; temporarily suspends debt-forgiveness tax to aid troubled homeowners.
Bush expands govt's ability to insure home loans; temporarily suspends
debt-forgiveness tax to aid troubled homeowners.
U.S. stocks up as Bush offers help to troubled home owners
DJIA
13,366
+127.38
S&P
1,473
+15.64
NASDAQ
2,589
+23.97
10Yr
4.52%
+0.017
U.S. stocks up as Bush offers help to troubled home owners
NEW YORK
U.S. stocks climbed Friday as investors bypassed a slew of economic data
to focus on separate speeches by President Bush and Federal Reserve
Chairman Ben Bernanke, with the latter not saying anything to dissuade
investors from believing that cuts in interest rates are ahead.
The Fed: Bernanke to market: Fed is on the ball
JACKSON HOLE, Wyo.
The Federal Reserve is prepared to act as needed to prevent turmoil in
global financial markets from gathering enough strength to hurt the U.S.
economy, Fed chief Ben Bernanke vowed Friday.
Bush to offer proposals to stem mortgage crisis: reports
WASHINGTON
The Bush administration proposes to expand the role of the federal
government to stem a wave of mortgage defaults, according to published
reports.
Economic Report: Inflation remains moderate in July; incomes strengthen
WASHINGTON
Inflation remained cool while household incomes and spending
strengthened in July, before market turmoil in August shook Wall Street
and Federal Reserve policymakers.
Troubled housing market looks to Washington
WASHINGTON
As foreclosures rise and sales of existing homes fall, lawmakers and
regulators alike are feeling intensified pressure to do something fast
to help homeowners and contain the subprime-mortgage crisis.
Dow charges up 100 points after the opening bell as Wall Street looks ahead to Fed Chief Bernanke speech at 10 a.m.
Dow charges up 100 points after the opening bell as Wall Street looks
ahead to Fed Chief Bernanke speech at 10 a.m.
July personal income: up 0.5%; personal spending up 0.4%; core consumer prices up 0.1%, below forecast.
July personal income: up 0.5%; personal spending up 0.4%; core consumer
prices up 0.1%, below forecast.
Thursday, August 30, 2007
Stocks end mostly lower; market awaits Bernanke
DJIA
13,238
-50.56
S&P
1,457
-6.12
NASDAQ
2,565
+2.14
10Yr
4.50%
-0.051
Stocks end mostly lower; market awaits Bernanke
NEW YORK
U.S. stocks finished a volatile trading session mostly lower Thursday,
as jitters dominated sentiment ahead of Federal Reserve Chairman Ben
Bernanke's speech tomorrow, with Wal-Mart Stores leading the Dow lower
after the retailer's shares were cut to sell by Merrill Lynch.
Dell's profit rises 46% as sales show slight increase
SAN FRANCISCO
Dell Inc. reported a 46% gain in second-quarter earnings Thursday, which
the world's No. 2 computer company credited to strong sales of computer
servers and notebook PCs.
Justice Department, states split on Microsoft's behavior
SAN FRANCISCO
Regulators at the U.S. Justice Department on Thursday gave Microsoft
Corp. a passing grade on its competitive behavior since 2002, but a
group of states had a more negative assessment of the software giant
some three months ahead of the scheduled expiration of an antitrust
settlement.
The Fed: Bernanke not likely to signal rate cut, Fed watchers say
WASHINGTON
With Wall Street in turmoil weeks after the Fed took extraordinary steps
to calm the financial markets, investors will be closely watching a
speech by Federal Reserve Chairman Ben Bernanke on Friday for hints that
the Fed will lower its key overnight lending rate.
Normally safe commercial paper market can't escape credit crunch
SAN FRANCISCO
Before this summer, few investors probably bothered to understand a
rather staid and highly specialized part of modern financing: commercial
paper.
Stocks trade mostly higher, boosted by tech gains
DJIA
13,305
+16.50
S&P
1,467
+3.26
NASDAQ
2,586
+23.29
10Yr
4.53%
-0.024
Stocks trade mostly higher, boosted by tech gains
NEW YORK
U.S. stocks traded mostly higher Thursday, buoyed by strong gains in the
technology sector, as the market remains jittery ahead of Federal
Reserve Chairman Ben Bernanke's speech tomorrow.
Commercial paper falls $62.8 billion, Fed says
WASHINGTON
Outstanding volumes of commercial paper fell $62.8 billion last week, or
3.1%, to $1.98 trillion, the Federal Reserve reported Thursday.
Asset-backed paper fell by $59.4 billion, or 5.6%, to $998 billion. The
total decline in short-term securities over the past three weeks has
totaled $244 billion, or 11%.
Financial Stocks: Credit, mortgage problems seen pressuring brokers'
earnings
BOSTON
Financial shares moved lower Thursday, under pressure as credit problems
remain a thorn in the markets' side with analysts warning about
brokerage profits and several companies saying the outlook for the
mortgage market remains bleak.
Economic Report: U.S. growth revised higher to 4% in second quarter
WASHINGTON
The U.S. economy bounced back in the second quarter, growing at a 4%
annual real growth rate, the Commerce Department reported Thursday.
Earnings Outlook: New focus and strategies to highlight Dell Inc.'s
latest results
SAN FRANCISCO
The technology sector's bellwether companies bring the latest
earnings-reporting season to a close on Aug. 30, when Dell Inc. is
scheduled to deliver second-quarter results that analysts expect will
include a 37% growth rate for the PC giant's earnings per share.
Jobless claims rose to 334,000 last week, higher than expected; economy grew 4.0 percent in 2Q.
Jobless claims rose to 334,000 last week, higher than expected; economy
grew 4.0 percent in 2Q.
Dow industrials sink 100 points within first few minutes of trade Thursday.
Dow industrials sink 100 points within first few minutes of trade
Thursday.
Wednesday, August 29, 2007
U.S. stocks rally, Dow up nearly 250 points
DJIA
13,289
+247.44
S&P
1,463
+31.40
NASDAQ
2,563
+62.52
10Yr
4.55%
+0.023
U.S. stocks rally, Dow up nearly 250 points
NEW YORK
U.S. stocks rallied across the board Wednesday, in sharp contrast to the
steep decline in the previous session, boosted by strong gains in
technology and energy shares as well as particularly light trading
volume.
The Fed: New mortgage products could help, Bernanke says
WASHINGTON
The private sector and Congress should create new, affordable mortgage
products that would help some homeowners refinance their mortgages and
keep their homes, Federal Reserve Chairman Ben Bernanke suggested in a
letter released Wednesday.
Due Diligence: State Street dogged by concerns over conduits' commercial
paper
BOSTON
State Street Corp.'s stock has come under pressure this week with credit
markets gyrating as investors try to ascertain the financial services
giant's exposure to off-balance-sheet "conduits" that issue commercial
paper.
Apple sets off iPod rumors; event set for next week
SAN FRANCISCO
Apple Inc. shares got a bump Wednesday amid fresh speculation about
upcoming changes to the company's popular iPod digital music player that
may be announced next week.
Life Savings: How to keep the 'entitlement epidemic' from infecting your
family
SAN FRANCISCO
At a time when the coolest electronic gadgets are branded with a
self-centered "i," it's no wonder that so many kids and adults believe
they're entitled to the best, latest, hippest, greatest -- and to have
it first.
Markets Wednesday, 08/29/2007
| Dow : 13289.29 up 247.44
| S & P : 1463.76 up 31.40
| NASDAQ: 2563.16 up 62.52
|Bond (10Y): 4.56%, 101.47
MARKETS:
Big day on Wall Street
Stocks bounce back after Tuesday's big selloff; Dow gains almost 250
points; oil prices spike on inventory report.
U.S. stocks rise sharply on bargain-hunting
DJIA
13,179
+137.86
S&P
1,448
+16.28
NASDAQ
2,532
+32.17
10Yr
4.53%
+0.003
U.S. stocks rise sharply on bargain-hunting
NEW YORK
U.S. stocks rose sharply Wednesday, as traders fished for bargains
following the steep decline in the previous session, with Dow component
Intel Corp. and other technology shares posting strong gains.
Altria to pursue international spin-off
CHICAGO
Altria Group Inc. said Wednesday that it will pursue a spinoff of Philip
Morris International unit to its shareholders and the precise timing
will be announced in January.
DaimlerChrysler profit falls 14%; buyback announced
LONDON
DaimlerChrysler issued its first full earnings statement without
Chrysler Wednesday, reporting a 14% drop in second-quarter profit and
saying it will take a smaller charge than previously expected from
selling off most of the U.S. automaker.
Financials bounce back a bit after Tuesday drubbing
NEW YORK
Shares of U.S. financial stocks rebounded modestly on Wednesday after
taking a pounding in the previous session.
Wall Street unfazed by Google CFO's departure
SAN FRANCISCO
Normally, the unexpected departure of a company's chief financial
officer sets off warning bells with investors that things may be amiss
in the high executive suites.
Tuesday, August 28, 2007
Fed talked about policy response to market turmoil on Aug. 7
DJIA
13,041
-280.28
S&P
1,432
-34.43
NASDAQ
2,500
-60.61
10Yr
4.53%
-0.066
Fed talked about policy response to market turmoil on Aug. 7
WASHINGTON
Federal Reserve policymakers discussed the possible need for "a policy
response" if financial market turmoil continued, according to the
minutes of the Aug. 7 meeting released Tuesday.
Airline Stocks: FAA orders safety checks on Boeing 737s; airline shares
fall
SAN FRANCISCO
Airline stocks closed lower Tuesday, dragged along with the broader
market by negative economic news.
Bond Report: Downbeat data, Fed minutes put pressure on Treasury yields
SAN FRANCISCO
U.S. Treasurys were higher Tuesday, pushing yields lower, after the
release of downbeat economic data and the minutes of the Federal Open
Market Committee's Aug. 7 policy-setting meeting, at which members
remained focused on inflation risks rather than the widening impact of
credit problems.
Economic Report: Consumer confidence falls sharply in August
WASHINGTON
Softening economic conditions and volatility in financial markets led to
a sharp decline in U.S. consumer confidence in August, the Conference
Board said Tuesday, although the fall wasn't as sharp as many expected.
Economic Report: U.S. home prices fall a record 3.2%, Case-Shiller says
WASHINGTON
U.S. home prices fell at a faster rate in the second quarter, down 3.2%
compared with the same period in 2006, Standard & Poor's reported
Tuesday.
More bloodletting for stocks with the Dow tumbling about 275 points as economic fear stabs at investor confidence.
More bloodletting for stocks with the Dow tumbling about 275 points as
economic fear stabs at investor confidence.
Forums:
您對"東方小神鹿萬里長跑迎奧運"有什么看法？8歲女孩長跑3,500公里體現了什么精神？
More...go to
http://www.bloglines.com/blog/johnDispatch
Fed said in minutes to last meeting that further financial deterioration might lead to action by central bank.
Fed said in minutes to last meeting that further financial deterioration
might lead to action by central bank.
Stocks sink further, bonds extend gains after Fed said at Aug. 7 meeting it may step in if financial conditions worsen.
Stocks sink further, bonds extend gains after Fed said at Aug. 7 meeting
it may step in if financial conditions worsen.
Stocks extend losses for a second day, Dow down nearly 1%
DJIA
13,164
-157.78
S&P
1,446
-20.65
NASDAQ
2,524
-37.12
10Yr
4.53%
-0.068
Stocks extend losses for a second day, Dow down nearly 1%
NEW YORK
U.S. stocks extended their losses Tuesday as Citigroup and other bank
stocks took a hit and investors fretted over a drop in consumer
confidence and coming commentary from the Federal Reserve.
Financial Stocks: Downgrades weigh on Lehman, Bear and Citi
NEW YORK
U.S. financial stocks fell sharply Tuesday after Merrill Lynch
downgraded two top brokerage firms and reports unveiled hefty risk
exposure at State Street.
Economic Report: Consumer confidence falls sharply in August
WASHINGTON
Softening economic conditions and volatility in financial markets led to
a sharp decline in U.S. consumer confidence in August, the Conference
Board said Tuesday, although the fall wasn't as sharp as many expected.
Economic Report: U.S. home prices fall a record 3.2%, Case-Shiller says
WASHINGTON
U.S. home prices fell at a faster rate in the second quarter, down 3.2%
compared with the same period in 2006, Standard & Poor's reported
Tuesday.
Home Depot to net $7.9 billion for HD Supply, keep equity stake
NEW YORK
Home Depot Inc. on Tuesday said it agreed to sell 87.5% of HD Supply to
a trio of private-equity firms for about $8.5 billion -- nearly $2
billion below the original offer for the entire unit -- and keep an
equity stake in the business.
U.S. home prices in 20 cities sink 3.5 percent in June from year-ago period, Reuters reports.
U.S. home prices in 20 cities sink 3.5 percent in June from year-ago
period, Reuters reports.
Monday, August 27, 2007
U.S. stocks close lower under weight of unsold homes
DJIA
13,322
-56.74
S&P
1,466
-12.58
NASDAQ
2,561
-15.44
10Yr
4.60%
-0.037
U.S. stocks close lower under weight of unsold homes
NEW YORK
Stocks closed lower Monday amid data indicating the count of unsold
homes hit a 16-year high in July and word Dow component Home Depot cut
the price of its wholesale-supply unit, signaling a harsher financing
climate.
Economic Report: Home inventories hit 16-year high in July
WASHINGTON
Inventories of unsold single-family homes increased by 2.2% to 3.85
million in July, sending the inventory in relation to sales to the
highest level in 16 years, the National Association of Realtors reported
Monday.
Analysts laud Home Depot efforts to salvage division's sale
CHICAGO
Analysts on Monday cheered Home Depot Inc.'s apparent agreement to slash
by nearly 18% the price for which it will sell its supply division and
keep an equity stake in the business to get the deal done.
Markets Monday, 08/27/2007
| Dow : 13322.13 down 56.74
| S & P : 1466.79 down 12.58
| NASDAQ: 2561.25 down 15.44
| Bond (10Y): 4.57%, 101.41
MARKETS:
Stocks slide on housing woes
Dow, S&P, Nasdaq all fall after existing home sales report revives
worries about mortgage market, credit crunch.
Stocks end lower Monday after more housing and credit woes wash away some of Friday's gains.
Stocks end lower Monday after more housing and credit woes wash away
some of Friday's gains.
U.S. stocks extend losses after home sales data
DJIA
13,334
-44.22
S&P
1,470
-9.04
NASDAQ
2,562
-14.67
10Yr
4.60%
-0.035
U.S. stocks extend losses after home sales data
NEW YORK
Stocks on Monday fell further after data had inventories of unsold homes
climbing to a 16-year high in July and word Dow component Home Depot had
cut the price tag for its wholesale-supply unit, signaling a harsher
financing climate.
Economic Report: Home inventories hit 16-year high in July
WASHINGTON
Inventories of unsold single-family homes increased 2.2% to 3.85 million
in July, sending the inventory in relation to sales to the highest level
in 16 years, the National Association of Realtors reported Monday.
Attorney General Gonzales resigns
WASHINGTON
Attorney General Alberto Gonzales announced his resignation Monday,
ending a historic but embattled tenure marked by a fierce political
battle over the firings of federal prosecutors.
Gateway to be acquired by Taiwan's Acer for $710 million
NEW YORK
Personal-computer maker Gateway Inc. on Monday said it agreed to be
acquired by Acer Inc. for $710 million, giving the Taiwan-based vendor a
bigger foothold in the U.S. market.
Goldman to buy Japan property from Tiffany in $318 mln deal: WSJ
TEL AVIV
Tiffany & Co., the New York jewelry and luxury-products retailer, will
sell its flagship property in Japan to Goldman Sachs, a person familiar
with the situation told The Wall Street Journal.
