Friday, November 30, 2007
Markets Friday, 11/30/2007
| Dow : 13371.72 up 59.99
| S & P : 1481.14 up 11.42
| NASDAQ: 2660.96 down 7.17
| Bond (10Y): 3.94%, 102.47
MARKETS:
Blue chips get Bernanke boost
Dow and S&P manage gains in a choppy session. Investors welcomed hints
from the Fed chief that more rate cuts are on the way, but gains are
limited by tech weakness.
--------------------------------
U.S. stocks pare gains; on track for weekly gains, monthly losses
NEW YORK
U.S. stocks ended November with weekly gains and monthly losses, with
the Dow scoring its third-largest weekly jump so far this year, as
technology bellwether Dell Inc.'s shaky forecast weighed on the Nasdaq,
offsetting the market's warm response to Federal Reserve talk suggesting
further interest-rate cuts ahead.
The Fed: Bernake: Upcoming data may tell the tale on rates
WASHINGTON
Federal Reserve Chairman Ben Bernanke said that economic data to be
released over the next eight days may contain the answer to the key
question: whether to hold rates steady or lower them for the third
straight meeting.
Banks may agree to freeze adjustable-rate mortgages
WASHINGTON
Federal authorities and major U.S. banks are close to an agreement under
which interest rates on adjustable-rate loans will be frozen, a plan
that would allow stretched homeowners to potentially avoid foreclosure,
The Wall Street Journal reported Friday.
Markets Friday, 11/30/2007
| Dow : 13371.72 up 59.99
| S & P : 1481.14 up 11.42
| NASDAQ: 2660.96 down 7.17
| Bond (10Y): 3.94%, 102.47
MARKETS:
Blue chips get Bernanke boost
Dow and S&P manage gains in a choppy session. Investors welcomed hints
from the Fed chief that more rate cuts are on the way, but gains are
limited by tech weakness.
Stock rally loses steam. Dow and S&P close up with slight gains, while the Nasdaq slips.
-Stock rally loses steam. Dow and S&P close up with slight gains, while
the Nasdaq slips.
U.S. stocks higher, extending four-day streak
U.S. stocks higher, extending four-day streak
U.S. stocks swung higher Friday, extending gains into a fourth day,
after Federal Reserve Chairman Ben Bernanke did not dispel the market's
view of another interest-rate cut ahead, and early economic data only
reinforced the thinking.
Personal income, spending below forecasts in October.
Personal income, spending below forecasts in October.
Thursday, November 29, 2007
Markets Thursday, 11/29/2007
| Dow : 13311.73 up 22.28
| S & P : 1469.72 up 0.70
| NASDAQ: 2668.13 up 5.22
| Bond (10Y): 3.93%, 102.56
MARKETS:
Markets manage advance
Wall Street struggles higher at the end of a choppy session as investors
play it cautious after a two-session rally. Oil prices rise and economic
readings are mixed.
U.S. stocks rise for third day; Dow up 22
U.S. stocks rise for third day; Dow up 22
NEW YORK
U.S. stocks rose for a third day on Thursday, ending mildly higher after
the stock market's biggest two-day jump up in five years, as mostly
bearish economic news competed with thoughts of another interest-rate
cut ahead.
Sears Holdings profit tumbles on declining sales
NEW YORK
Sears Holdings Corp.'s quarterly profit tumbled 99% after declining
sales at both its Kmart and Sears chains led to steep discounts, and the
company said Thursday it doesn't anticipate any significant near-term
improvement. Shares dropped to a 2 1/2-year low.
CEO leaves as E-Trade gets $2.55 billion from Citadel
NEW YORK
The subprime crisis claimed a new scalp Thursday as E-Trade Chief
Executive Mitch Caplan said he was stepping down as part of a deal that
has private equity firm Citadel injecting $2.55 billion into the
troubled firm.
Economic Report: U.S. home builders slash prices to boost sales in
October
WASHINGTON
Builders slashed prices at the fastest pace in 26 years in October,
boosting sales of new homes from a much lower level of September sales
than was originally reported, according to Commerce Department data
released Thursday.
Futures Movers: Oil pares gains after some U.S.-Canadian pipelines
reopened
SAN FRANCISCO
Crude futures pared most of their earlier gains Thursday and closed up
slightly, after three of the four U.S.-Canadian pipelines shut down due
to an explosion were restarted.
Stocks end flat Thursday, following a two-day rally, as dismal news in the housing sector leaves investors cautious.
Stocks end flat Thursday, following a two-day rally, as dismal news in
the housing sector leaves investors cautious.
U.S. stocks add to losses after new-home sales data
U.S. stocks add to losses after new-home sales data
NEW YORK
U.S. stocks on Thursday drifted lower, halting the stock market's
largest two-day jump in five years, as a spike in crude-oil prices and a
99% profit drop at Sears Holdings Corp. curbed investors' enthusiasm.
Sears Holdings profit tumbles on declining sales
NEW YORK
Sears Holdings Corp.'s quarterly profit tumbled 99% after declining
sales at both its Kmart and Sears chains led to steep discounts, and the
company said Thursday it doesn't anticipate any significant near-term
improvement. Shares dropped to a 2 1/2-year low.
E-Trade to get $2.55 billion infusion from Citadel
TEL AVIV
In a top-down shakeup at E-Trade Financial Corp., the New York online
brokerage said it would receive a $2.55 billion infusion from Citadel
Investment Group as its chairman and chief executive both step down.
Economic Report: U.S. home builders slash prices to boost sales in
October
WASHINGTON
Builders slashed prices at the fastest pace in 26 years in October,
boosting sales of new homes from a much lower level of September sales
than was originally reported, according to Commerce Department data
released Thursday.
Futures Movers: Crude pares gains after two Minnesota pipelines are
reopened
NEW YORK
Crude-oil futures pared most of their earlier gains Thursday, having
rallied as much as $4 a barrel overnight, as two of four
Enbridge-operated pipelines that had been shut down after an explosion
were restarted.
New home sales below expectations in October, but up from downwardly revised prior month.
New home sales below expectations in October, but up from downwardly
revised prior month.
U.S. economic growth in 3rd quarter revised up to 4.9%, in line with estimates.
U.S. economic growth in 3rd quarter revised up to 4.9%, in line with
estimates.
Wednesday, November 28, 2007
Markets Wednesday, 11/28/2007
| Dow : 13289.45 up 331.01
| S & P : 1469.02 up 40.79
| NASDAQ: 2662.91 up 82.11
| Bond (10Y): 4.03%, 101.72
MARKETS:
Dow soars over 330 points
Stocks surge, with Dow industrials finishing over 300 points higher, on
hopes of more rate cuts by the Fed and help from the financials.
The Dow closed up nearly 340 points, one of its best days this year, on financial sector strength and hopes the Fed would cut rates.
The Dow closed up nearly 340 points, one of its best days this year, on
financial sector strength and hopes the Fed would cut rates.
Dow extends gains. Up 300 points at midday.
Dow extends gains. Up 300 points at midday.
Tuesday, November 27, 2007
U.S. stocks close ahead on rebound from Monday's slide
DJIA
12,958
+215.00
S&P
1,428
+21.01
NASDAQ
2,580
+39.81
10Yr
3.94%
+0.097
U.S. stocks close ahead on rebound from Monday's slide
NEW YORK
U.S. stocks rebounded Tuesday from the prior session's decline as a $7.5
billion capital infusion for Citigroup Inc. offered some relief to the
embattled financial sector.
Citigroup gets $7.5 bln infusion from Abu Dhabi
LONDON
Citigroup Inc. said it got a $7.5 billion injection from the Abu Dhabi
Investment Authority, a much-needed shot in the arm as the
financial-services giant weighs cutting more jobs and slashing the value
of debt securities on its balance sheet.
Economic Report: Record home-price declines as all top cities turn sour:
study
WASHINGTON
U.S. home prices were falling in every region of the country in
September, according to a closely watched index of home prices released
Tuesday.
Stocks surge on lower oil, easing financial concern; Dow up more than 200 at close, Nasdaq climbs 1.6%, S&P gains 1.5%.
Stocks surge on lower oil, easing financial concern; Dow up more than
200 at close, Nasdaq climbs 1.6%, S&P gains 1.5%.
Consumer confidence falls in November - 4th straight monthly decline.
Consumer confidence falls in November - 4th straight monthly decline.
Third-quarter home prices dropped 1.7% from prior quarter, largest drop in 20-year history - S&P Case/Schiller
Third-quarter home prices dropped 1.7% from prior quarter, largest drop
in 20-year history - S&P Case/Schiller
U.S. stocks rebound on Citigroup investment
DJIA
12,935
+191.84
S&P
1,424
+17.42
NASDAQ
2,579
+38.77
10Yr
3.98%
+0.135
U.S. stocks rebound on Citigroup investment
NEW YORK
U.S. stocks on Tuesday rebounded from the prior session's decline as a
$7.5 billion capital infusion for Citigroup Inc. offered some relief to
the embattled financial sector.
Economic Report: Consumer confidence sinks to two-year low
WASHINGTON
U.S. consumer confidence sank in November on growing concerns about the
future, the Conference Board reported Tuesday.
Economic Report: Record home-price declines as all top cities turn sour:
study
WASHINGTON
U.S. home prices were falling in every region of the country in
September, according to a closely watched index of home prices released
Tuesday.
Citigroup gets $7.5 billion infusion from Abu Dhabi investors
LONDON
Citigroup said it has received a $7.5 billion injection from the Abu
Dhabi Investment Authority, a much-needed shot in the arm as the
financial-services giant weighs massive job cuts and slashing the value
of debt securities on its balance sheet.
Futures Movers: Oil futures drop sharply as OPEC meeting nears
SAN FRANCISCO
Crude-oil futures fell for a second day on Tuesday, down 3% to below $95
a barrel, on further signs that the Organization of Petroleum Exporting
Countries will increase production at a meeting next week.
Monday, November 26, 2007
Stocks tumble as financial woes outweigh holiday cheer
DJIA
12,743
-237.44
S&P
1,407
-33.48
NASDAQ
2,540
-55.61
10Yr
3.85%
-0.165
Stocks tumble as financial woes outweigh holiday cheer
NEW YORK
U.S. stocks fell sharply after a volatile session Monday, as credit
worries and continuing woes in the financial sector offset early upbeat
signs about holiday shopping.
David Weidner's Writing on the Wall: Citigroup must be broken up to
create value
NEW YORK
Nine years ago, Sandy Weill closed what was considered the deal of an
era: the merger of Citicorp and Travelers Group.
Capitol Report: Credit-rating agencies return to crosshairs
WASHINGTON
It's tough to be a credit-rating agency these days. And it may just get
tougher.
'Cyber Monday' online sales expected to hit record
SAN FRANCISCO
Following the biggest shopping day of the year, consumers are expected
to drop a record amount online on what has become known as "Cyber
Monday."
Holiday season off to solid start, but too early to call a win
NEW YORK
Defying concerns about gasoline prices and macroeconomics,
battle-hardened shoppers gave U.S. retailers some relief after initial
sales and traffic from the "Black Friday" weekend indicated a solid
start to their biggest selling season.
Stocks drop as holiday cheer fades amid financial woes
DJIA
12,949
-31.05
S&P
1,432
-8.19
NASDAQ
2,581
-14.66
10Yr
3.98%
-0.032
Stocks drop as holiday cheer fades amid financial woes
NEW YORK
U.S. stocks turned lower after a wobbly start Monday, as early signs
that Thanksgiving holiday shoppers weren't as deflated as some feared
were offset by continuing woes among financial firms.
HSBC to provide $35 billion in funds to structured vehicles
LONDON
HSBC Holdings on Monday said it would move two of its structured
investment vehicles onto its balance sheet and provide up to $35 billion
in funding, saying it doesn't expect a near-term resolution of the
funding problems faced by the vehicles that it and other banks operate.
Asia Markets: Hong Kong, Seoul soar to lead Asian rally
HONG KONG
Stocks listed in Hong Kong soared Monday for the second straight
session, as buoyant regional markets and bargain-buying after a string
of recent losses lifted China-related issues such as China Mobile Ltd.
Rio Tinto ups dividend, says shares 'undervalued'
HONG KONG
Rio Tinto on Monday promised to boost its dividend by 30% and laid out
its investment and growth strategy in what it called a "metal-hungry
world," saying the market had yet to fully reflect the miner's true
value.
Vowing end to 'Heathrow hassle,' London expands bursting airport
LONDON
At the headquarters of Heathrow airport's operator, BAA, employees drink
tea out of "Making Heathrow Great" mugs.
