Tuesday, April 08, 2008
U.S. stock losses intensify on Fed worries about economy
U.S. stock losses intensify on Fed worries about economy
U.S. stocks decline after quarterly earnings disappoint investors and
struggling thrift Washington Mutual Inc. cuts its dividend and draws $7
billion in capital, adding to concerns about financials.
MarketWatch First Take: Investor pessimism the only sure thing
BOSTON
There must be a way for survey results to get lower than the level of
"pervasive gloom," but investors won't find out for at least another
month.
Economic Report: CORRECT: Index of pending home sales down 1.9% in
February: NAR
In a sign that the U.S. housing market may weaken further, an index of
sales contracts on previously owned homes fell 1.9% in February from the
prior month, the National Association of Realtors reported Tuesday.
MarketWatch First Take: Nostalgia can't save Starbucks
Of course, one new roast will not turn Starbucks around, but the move is
just one of many actions the struggling coffee-shop operator is
implementing to help reverse its sagging fortunes.
Apple cut to bearish rating on worries of slowing economy
Apple faces a rare occurrence -- a Wall Street analyst telling his
clients to sell shares of the popular consumer-electronics maker.
