Friday, November 23, 2007
U.S. stocks rally on holiday cheer
DJIA
12,925
+126.32
S&P
1,435
+18.91
NASDAQ
2,585
+23.51
10Yr
4.02%
-0.002
U.S. stocks rally on holiday cheer
NEW YORK
U.S. stocks rallied on Friday, bouncing back from a sell-off on
Wednesday, as investors gobbled up battered financial stocks and waited
for signs from how retailers are faring on Black Friday, traditionally
the most important day of the year for sales.
Black Friday kicks off retailers' biggest selling season
NEW YORK
The annual shopping frenzy that accompanies the holidays and sets the
tone for retailers' biggest selling season has begun.
Knight Vinke renews attack on HSBC over executive bonuses
LONDON
Activist investment firm Knight Vinke Asset Management has renewed its
attack on HSBC, accusing the banking giant of misleading investors over
a bonus package for senior executives.
Europe closes higher for second day, led by miners, insurers
LONDON
European shares closed higher for a second straight session Friday, as
investors -- encouraged by lower valuations, broker moves and some bid
speculation -- took another look at recently battered shares, such as
miners Anglo American and Vedanta Resources.
Asia Markets: Hong Kong, Shanghai rebound, Seoul extends fall
HONG KONG
Asian markets ended mixed Friday, with Hong Kong stocks getting a lift
from bargain hunting in Cheung Kong Holdings and other property
developers, while South Korean shares were dragged down by shipbuilders
such as STX Shipbuilding and securities firms including Samsung
Securities.
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.
U.S. stocks fall sharply as oil nears $100
DJIA
12,893
-116.16
S&P
1,424
-15.19
NASDAQ
2,564
-32.55
10Yr
4.02%
-0.034
U.S. stocks fall sharply as oil nears $100
NEW YORK
Stocks fell sharply Wednesday, with continued worries about bad home
loans, a slumping dollar and oil near $100 a barrel leading investors to
get out of stocks ahead 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.
Mortgages: U.S. mortgage rates fall; 15-year at lowest level in 21
months
CHICAGO
Mortgage rates dropped this week, allowing the 15-year fixed-rate
mortgage to fall to a level last seen in February 2006, according to
Freddie Mac's weekly survey, released on Wednesday.
Economic Report: Slower U.S. growth could be ahead, Conference Board
says
WASHINGTON
Slower growth for the nation's economy may be on the horizon, the
Conference Board said Wednesday as the business research group reported
that a gauge of future economic growth fell 0.5% in October.
Futures Movers: Crude oil trades above $98; U.S. inventories fall
unexpectedly
SAN FRANCISCO
Crude-oil futures edged higher Wednesday, gaining as a government report
showed an unexpected fall in U.S. crude inventories last week and
hovering within striking distance of the $100-a-barrel level.
Oil rallies after report shows inventory weakness, with price above $98 a barrel.
Oil rallies after report shows inventory weakness, with price above $98
a barrel.
Tuesday, November 20, 2007
Crude oil price hits record $99.29 a barrel in electronic trading
Crude oil price hits record $99.29 a barrel in electronic trading
New Fed forecast sees slower '08, rise in jobless rate
DJIA
13,010
+51.70
S&P
1,439
+6.43
NASDAQ
2,596
+3.43
10Yr
4.05%
-0.025
New Fed forecast sees slower '08, rise in jobless rate
WASHINGTON
Expanded economic forecasts released for the first time by the Federal
Reserve on Tuesday projected slower growth in the U.S. economy next
year, a tick-up in the unemployment rate and tame inflation.
H-P profit gain boosts shares
NEW YORK
Hewlett-Packard Co. on Monday reported a 28% rise in its fourth-quarter
earnings as the computing and printing giant saw growth across all its
main business areas, leading to revenue of $28.3 billion.
'Conditions' should be right for getting free online shipping
CHICAGO
Online purchasing will once again be a hot button for consumers wanting
to avoid the crowds or shop early this holiday. According to the
National Retail Association, the most popular shipping promotions will
be free shipping with conditions, which will be offered by nearly 79% of
major retailers.
U.S. stocks rebound on possible Fed move, solid H-P results
DJIA
13,059
+101.29
S&P
1,446
+13.63
NASDAQ
2,624
+31.17
10Yr
4.11%
+0.030
U.S. stocks rebound on possible Fed move, solid H-P results
NEW YORK
U.S. stocks traded higher Tuesday on optimism fueled by Hewlett-Packard
Co.'s solid results and renewed hopes of another interest-rate cut.
H-P profit gain boosts shares
NEW YORK
Hewlett-Packard Co. on Monday reported a 28% rise in its fourth-quarter
earnings as the computing and printing giant saw growth across all its
main business areas, leading to revenue of $28.3 billion.
Economic Report: U.S. Oct. housing starts rise on apartment sector
WASHINGTON
Builders broke ground on new apartments at a faster pace in October, but
the data brought little cheer to economists looking for a bottom to the
housing recession.
Target surprises market with 4.4% fall in profit
NEW YORK
Target Corp., the No. 2 U.S. discounter, reported an unexpected 4.4%
decline in third-quarter profit, hurt by sluggish sales of apparel and
home goods.
'Conditions' should be right for getting free online shipping
CHICAGO
Online purchasing will once again be a hot button for consumers wanting
to avoid the crowds or shop early this holiday. According to the
National Retail Association, the most popular shipping promotions will
be free shipping with conditions, which will be offered by nearly 79% of
major retailers.
Monday, November 19, 2007
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Nov. home builders index steady at record low
DJIA
12,958
-218.35
S&P
1,433
-25.47
NASDAQ
2,593
-43.86
10Yr
4.08%
-0.071
Nov. home builders index steady at record low
WASHINGTON
U.S. home builders remain pessimistic in November and are beginning to
blame the news media for their woes.
The Ratings Game: Goldman says sell Citigroup amid credit woes
NEW YORK
Goldman Sachs analyst William Tanona on Monday recommended that clients
sell Citigroup shares, because the bank's financial problems are likely
to grow, and spread beyond current write downs for subprime mortgage
losses and into its consumer business like credit cards and retail
banking.
Xerox regains some of its past glory thanks to color
NEW YORK
Xerox Corp. regained more of its past glory Monday after it announced
its first dividend in six years along with a robust outlook, because of
higher demand for its color-copier equipment and services.
Amazon seeks spark with new Kindle e-book device
SAN FRANCISCO
Amazon.com introduced a new portable reading device Monday that the
online retail giant hopes will finally spark demand for electronic
books.
Forecasters See Rising Recession Risk
November 19, 2007
Forecasters See Rising Recession Risk
Economic forecasters say ailing housing and credit markets are likely to
weigh down growth in the final three months of the year and cause
economic activity to lag in 2008. That adds up to an increased risk of
recession.
Goldman says sell Citigroup amid credit woes
DJIA
13,021
-155.26
S&P
1,439
-19.65
NASDAQ
2,602
-34.81
10Yr
4.12%
-0.029
Goldman says sell Citigroup amid credit woes
NEW YORK
Goldman Sachs analyst William Tanona on Monday recommended that clients
sell Citigroup shares, because the bank's financial problems are likely
to grow, and spread beyond current write downs for subprime mortgage
losses and into its consumer business like credit cards and retail
banking.
Market Snapshot: U.S. stocks under pressure; Dow flirts with 13,000
level
NEW YORK
U.S. stocks fell further Monday, with the Dow industrials down more than
150 points, after Goldman Sachs downgraded Citigroup Inc., saying it
envisions more credit-related hits at the banking powerhouse.
Weak U.S. dollar to be discussed by OPEC's finance ministers
NEW YORK
OPEC's finance ministers will discuss the effect of the weak U.S. dollar
on oil revenues before the next meeting of the Organization of Petroleum
Exporting Countries' energy ministers in December.
Asia Markets: CORRECT: Asian stocks end lower as volatility persists
HONG KONG
Several Asian markets came off their day's highs to end lower after a
volatile session on Monday.
Standard Chartered shares up on overture from China banks
HONG KONG
Shares of Standard Chartered climbed 4.6% in early London trading
Monday, bolstered by reports that three leading Chinese banks have
sought to acquire stakes in the U.K-lender.