Friday, March 21, 2008
Markets Friday, 03/21/2008
| Dow : 12361.32 up 261.66
| S & P : 1329.51 up 31.09
| NASDAQ: 2258.11 up 48.15
| Bond (10Y): 3.36%, 101.13
MARKETS:
Good Thursday on Wall Street
Stocks surge as investors welcome falling oil and gold prices and news
that the Fed will make $75 billion in loans available to banks next
week. Markets are closed Friday (today).
Thursday, March 20, 2008
U.S. stocks surge to tally first weekly gains in four weeks
U.S. stocks surge to tally first weekly gains in four weeks
U.S. stocks sail higher, looking to score this month's first broad-based
weekly gains, boosted by better earnings than anticipated at Nike and a
not-so-bad decline in Philadelphia manufacturing activity.
Does recent rush to cash spell end to commodities rally?
Commodities from energy to metals to grains take another steep drop as a
widespread cash-out triggered by a reassessment of the world's growth
and inflation prospects raised this question: Is the recent rally over?
Congress to probe Fed's role in Bear's buyout: report
Congress is reportedly looking into the Federal Reserve-backed agreement
ceding Bear Stearns to J.P. Morgan Chase at the bargain-basement price
of $2 a share.
Hedge funds leaving Bear may be facing tougher leverage limits
SAN FRANCISCO
Hedge funds moving from Bear Stearns to rival prime brokers may be
facing tougher borrowing requirements as investment banks cut back on
the amount of money they're willing to lend to some managers in the $2
trillion business.
Visa may provide shelter from sector's storm
Visa shares are up sharply on their second day of trading as they
benefit from renewed interest in the financial sector and analysts say
they provide a relative safe harbor in a volatile corner of the market.
Markets Thursday, 03/20/2008
| Dow : 12361.32 up 261.66
| S & P : 1329.51 up 31.09
| NASDAQ: 2258.11 up 48.15
| Bond (10Y): 3.36%, 101.13
MARKETS:
Good Thursday on Wall Street
Stocks surge as investors welcome falling oil and gold prices and news
that the Fed will make $75 billion in loans available to banks next
week. Markets are closed Friday.
Shortened trading week ends with a rally. Bulls, reacting to NY Fed's liquidity move, drive Dow about 270 points higher.
Shortened trading week ends with a rally. Bulls, reacting to NY Fed's
liquidity move, drive Dow about 270 points higher.
Pictures: 3/20/2008
圖片新聞精選：2008年3月20日
美聯儲救市措施初見成效，市場仍脆弱；布什在五角大樓發表演講，表示不會提前從伊拉克撤軍；紐約國際車展開幕......More...go
to
http://www.bloglines.com/blog/johnDispatch
Dow extends gains, up 220 points, after Fed unveils $75B plan to boost liquidity.
Dow extends gains, up 220 points, after Fed unveils $75B plan to boost
liquidity.
U.S. stocks jump ahead, shrug off commodities weakness
U.S. stocks jump ahead, shrug off commodities weakness
U.S. stocks struggle to bounce back from the commodity-price-induced
stumble of the last session, after the government reports a rise in
weekly jobless claims and Nike Inc. reports strong profits on overseas
demand thanks to the weak dollar.
Economic Report: Economy 'grinding to halt,' leading data say
The U.S. economy may be "grinding to a halt," the Conference Board
says as it reports the index of leading economic indicators marked its
fifth straight decline in February.
The Great Unwind has started, avoid leverage, Citigroup says
As markets and economies de-leverage across the globe, investors should
avoid companies and countries that have grown to rely too much on
borrowed money, Citigroup strategists say.
Commodities in broad sell-off as inflation views change
Prices in a broad range of commodities, from oil and gold to wheat, take
a dive as the dollar continued to advance, one day after the Federal
Reserve cut interest rates and mentioned that concerns over inflation
were back in play.
Mortgages: Rates on long-term mortgages take big drop
Long-term mortgage rates dropped sharply this week, while
adjustable-rate mortgages barely budged from last week's averages,
according to Freddie Mac's weekly survey released Thursday.
Benchmark long-term U.S. mortgage rates decline sharply
Benchmark long-term U.S. mortgage rates decline sharply
3/20/2008 10:11:42 AM
Bulletin: U.S. leading economic indicators point lower for fifth straight month
U.S. leading economic indicators point lower for fifth straight month
3/20/2008 10:00:23 AM
Breaking News: Jobless claims reach highest level in two months
WASHINGTON (AP) - The number of newly laid off workers filing for
unemployment benefits rose last week to the highest level in nearly two
months, providing more evidence that the weak economy is having an
adverse impact on the labor
market.
U.S. stocks edge higher at open as oil prices continue to retreat.
U.S. stocks edge higher at open as oil prices continue to retreat.
Wednesday, March 19, 2008
Shanghai Composite Index slides 5.2% as commodity stocks lead decline
Shanghai Composite Index slides 5.2% as commodity stocks lead decline
3/19/2008 11:01:48 PM
Markets Wednesday, 03/19/2008
| Dow : 12099.66 down 293.00
| S & P : 1298.42 down 32.32
| NASDAQ: 2209.96 down 58.30
| Bond (10Y): 3.35%, 101.19
MARKETS:
Stocks: right back down
Wall Street gives up nearly 75% of the previous session's rally as
investors retreat. Oil and gold prices plunge. Morgan Stanley earnings,
Fannie and Freddie news help, but can't stop losses.
Gold slides as dollar rises, Fed mentions inflation
Gold slides as dollar rises, Fed mentions inflation
Gold futures down sharply, as investors booked profits off recent gains
in the precious metal after the Federal Reserve cut interest rates by
0.75 percentage point.
Visa shares leap 28% as record IPO debuts
NEW YORK
Shares of Visa Inc. surge more than 35% in their market debut, opening
at $59.50 as investor demand for the largest initial public offering in
U.S. history draws spirited bidding.
Fannie Mae, Freddie Mac get U.S. OK to buy more mortgages
The federal government loosens strict capital requirements on Fannie Mae
and Freddie Mac, allowing them to inject billions of dollars into the
sagging mortgage market by buying more loans.
Morgan Stanley's quarterly profit falls 42% but tops forecasts
Morgan Stanley's first-quarter net earnings drop 42% as revenue also
falls, but the results beat consensus forecasts that have been knocked
down by the credit crunch.
Market Snapshot: U.S. stocks end sharply down in tracking commodities
U.S. stocks fall heavily, giving up an early effort to extend the
market's best day in nearly five years, with commodity-related sectors
leading the decline following the Federal Reserve's calls against
inflation.
Dow industrials forfeit nearly 300 points; major U.S. indexes decline 2.3% or more
Dow industrials forfeit nearly 300 points; major U.S. indexes decline
2.3% or more
3/19/2008 4:01:54 PM
The Dow slid more than 200 points, erasing much of Tuesday's stunning 420 point rally.
The Dow slid more than 200 points, erasing much of Tuesday's stunning
420 point rally.
Fannie Mae, Freddie Mac get U.S. OK to buy more mortgages
Fannie Mae, Freddie Mac get U.S. OK to buy more mortgages
The federal government loosens strict capital requirements on Fannie Mae
and Freddie Mac, allowing them to inject billions of dollars into the
sagging mortgage market by buying more loans.
Morgan Stanley's quarterly profit falls 42% but tops forecasts
Morgan Stanley's first-quarter net earnings drop 42% as revenue also
falls, but the results beat consensus forecasts that have been knocked
down by the credit crunch.
British regulator probing financial rumor-mongering
Britain's stock-market regulator is looking into rumor-mongering that
has beset some financial stocks, pulling one lender down as much as
17%.
Adobe profit, sales top analysts' expectations
Adobe Systems Inc. says its first-quarter profit and sales beat Wall
Street analysts' estimates, sending its shares higher in late trading
and signaling a healthy demand for the company's software even amid the
U.S. economic slowdown.
Oil prices rebound after a government report shows that crude inventories grew much less than expected last week.
Oil prices rebound after a government report shows that crude
inventories grew much less than expected last week.
Visa shares trade at nearly $60 in market debut -- 36% above IPO price
Visa shares trade at nearly $60 in market debut -- 36% above IPO price
3/19/2008 10:19:48 AM
U.S. unveils plan to provide up to $200B in liquidity for troubled mortgage market by loosening rules on Freddie, Fannie.
U.S. unveils plan to provide up to $200B in liquidity for troubled
mortgage market by loosening rules on Freddie, Fannie.
Tuesday, March 18, 2008
Japan's Nikkei 225 adds nearly 3% in early trade
Japan's Nikkei 225 adds nearly 3% in early trade
Markets Tuesday, 03/18/2008
| Dow : 12392.66 up 420.41
| S & P : 1330.74 up 54.14
| NASDAQ: 2268.26 up 91.25
| Bond (10Y): 3.48%, 100.13
MARKETS:
Dow spikes 420 points on rate cut
Wall Street surges, with blue-chip indicator seeing its best day in
5-1/2 years as investors hail central bank decision to cut rates by 3/4
of a percentage point.
Bulletin: FOMC cuts federal funds rate by 75 basis points to 2.25%
BULLETIN
FOMC cuts federal funds rate by 75 basis points to 2.25%
3/18/2008 2:15:04 PM
Fed slashes key interest rate by 3/4 of a point in its latest attempt to attack problems plaguing the economy.
Fed slashes key interest rate by 3/4 of a point in its latest attempt to
attack problems plaguing the economy.
Dow surges 300 points on a rally fueled by better-than-expected news from Goldman and Lehman and ahead of Fed.
Dow surges 300 points on a rally fueled by better-than-expected news
from Goldman and Lehman and ahead of Fed.
U.S. stocks surge as Fed rate decision nears
U.S. stocks surge as Fed rate decision nears
U.S. stocks soar, bolstered by better-than-anticipated earnings from
Goldman Sachs and Lehman Brothers, as well as expectations of another
Federal Reserve interest-rate cut later in the day.
Economic Report: Single-family housing starts fall to 17-year low
With no end in sight to the housing bust, new construction on
single-family homes drops by 6.7% in February to a seasonally adjusted
annual rate of 707,000, the lowest in 17 years.
The Fed: Federal Reserve policymakers expected to pull out all the
stops
WASHINGTON
The Federal Reserve is expected to continue pulling out all the stops to
combat the two-headed threat of a financial-market meltdown and a U.S.
recession by slashing interest rates later Tuesday, Fed watchers said.
Quarterly profits cut in half at Goldman Sachs, Lehman Bros.
Wall Street titans Lehman Bros. and Goldman Sachs say quarterly profits
fell by more than half as investment business slows and trading revenues
drop.
Bear stock price suggests shareholders may hold out for more
The prospect that Bear Stearns investors may reject the $2 a share offer
-- at least for a few months -- is now being priced into the market,
analysts say.
Delta to offer voluntary buyouts to 30,000 workers and cut domestic capacity by 5% to combat fuel costs, AP reports.
Delta to offer voluntary buyouts to 30,000 workers and cut domestic
capacity by 5% to combat fuel costs, AP reports.
U.S. stocks soar at open, Dow up more than 100 points, Nasdaq up 1.8%.
U.S. stocks soar at open, Dow up more than 100 points, Nasdaq up 1.8%.
Monday, March 17, 2008
Markets Monday, 03/17/2008
| Dow : 11972.25 up 21.16
| S & P : 1276.60 down 11.54
| NASDAQ: 2177.01 down 35.48
| Bond (10Y): 3.30%, 101.63
MARKETS:
Dow muscles back after rough day
Broad market remains deep in the red, while the blue-chip average
manages to end in positive territory as investors mull Bear Stearns'
sale and Fed's emergency action.
U.S. stocks mostly recover from Bear Stearns-induced drop
U.S. stocks mostly recover from Bear Stearns-induced drop
U.S. stocks shake off the bulk of stiff losses, with J.P. Morgan leading
a blue-chip rally a day after its heavily discounted bid for Bear
Stearns Cos. and the Federal Reserve's extraordinary discount-rate cut.
Bear stock price suggests shareholders may hold out for more
The prospect that Bear Stearns investors may reject the $2 a share offer
-- at least for a few months -- is now being priced into the market,
analysts say.
Wall Street watches Lehman walk on thin ice
Analysts who cover broker Lehman Brothers are watching closely from the
sidelines, loath to add to market speculation that the firm may be the
next major brokerage to falter.
The Fed: Fed rate cut of a percentage point looks more certain than
ever
The Federal Reserve is expected to engineer an extremely rare cut of one
percentage point in overnight interest rates on Tuesday, Fed watchers
say.
Debate grows over iPhone's enterprise impact
SAN FRANCISCO
Apple Inc.'s latest efforts to make the iPhone more attractive to
business customers by adding new support for corporate e-mail and
information systems has some analysts divided on how much the device
will be accepted by the corporate market.
Blue-chip Dow index closes with 21-point gain; S&P, Nasdaq fail to erase day's losses
Blue-chip Dow index closes with 21-point gain; S&P, Nasdaq fail to erase
day's losses
3/17/2008 4:03:24 PM
Dow fights back from abyss and ticks higher. Nasdaq, S&P edge lower after historic government move to soothe Wall Street.
Dow fights back from abyss and ticks higher. Nasdaq, S&P edge lower
after historic government move to soothe Wall Street.
U.S. stocks trim early losses fueled by credit-crunch fallout
U.S. stocks trim early losses fueled by credit-crunch fallout
U.S. stocks dive at start and then trim losses, with sentiment hit by
the latest fallout from the credit crisis – the distressed sale of
Bear Stearns Cos. Inc. and the Federal Reserve's extraordinary rate
cut just two days ahead of Tuesday's slated meeting.
J.P. Morgan to buy Bear Stearns for $2 a share
J.P. Morgan Chase & Co. is buying battered broker Bear Stearns Cos. for
$236 million in a Federal Reserve-backed bailout unprecedented in scope
and execution.
Lehman shares bounce back after dropping 30%
Lehman Brothers Holdings Inc. shares were off their lowest levels after
dropping more than 30% ahead of the open as Moody's Investors Service
trimmed its outlook on the investment bank's debt rating, heightening
concerns about liquidity.
Currencies: Battered dollar gets some short-covering respite
The Bear Stearns fire sale and the Federal Reserve's emergency
decision to cut its discount rate sends the dollar plunging to historic
lows against major counterparts, only to recover slightly in early U.S.
trade.
Dow industrials rally back from deep slide to post narrow rise; Nasdaq, S&P remain in red
Dow industrials rally back from deep slide to post narrow rise; Nasdaq,
S&P remain in red
3/17/2008 10:46:26 AM
Fed's gauge of New York factory activity plunges to record low in March
Fed's gauge of New York factory activity plunges to record low in March
3/17/2008 8:31:54 AM
U.S. stocks open sharply lower as credit turmoil spreads
U.S. stocks open sharply lower as credit turmoil spreads
3/17/2008 9:36:43 AM
Sunday, March 16, 2008
Fed lowers discount rate, offers more funds to financial firms
Fed lowers discount rate, offers more funds to financial firms
3/16/2008 7:58:31 PM
JPMorgan buys Wall St. firm Bear Stearns as fears grow that Bear's demise could send shockwaves across shaky markets.
JPMorgan buys Wall St. firm Bear Stearns as fears grow that Bear's
demise could send shockwaves across shaky markets.
J.P. Morgan Chase to buy Bear Stearns for $2 a share in stock-swap deal
J.P. Morgan Chase to buy Bear Stearns for $2 a share in stock-swap deal
3/16/2008 7:17:53 PM
