Friday, August 15, 2008
Tornado Warning for Westchester County...
Tornado Warning for Westchester County...
The National Weather Service has issued a tornado warning for
Westchester County.
Markets Friday, 08/15/2008
| Dow : 11659.90 up 43.97
| S & P : 1298.20 up 5.27
| NASDAQ: 2452.52 down 1.15
| Bond (10Y): 3.84%, 101.28
MARKETS:
Stocks struggle as oil slides
The Dow and S&P manage slim gains, but the Nasdaq can't keep up, as
investors consider falling commodity prices and a stronger dollar.
U.S. stocks finish mostly higher as oil prices fall
U.S. stocks finish mostly higher as oil prices fall
U.S. stocks end mostly higher, with the major indexes posting mixed
results for the week, as Ambac Financial Group Inc. and MBIA Inc. have
their credit ratings affirmed, while crude-oil futures finish lower.
MarketWatch First Take: Gasoline prices are key to consumer confidence
A month from now, we'll know if American consumers see the glass as half
full or half empty.
Futures Movers: Crude falls for second day as dollar rallies
Crude-oil futures close lower for a second session to tally a weekly
loss of more than 1%, as moves in the foreign-exchange market trigger
broad losses in dollar-denominated commodities.
MarketWatch First Take: The retail race is on for back to school
The overall outlook for back-to-school retail is looking a little shaky,
and lackluster forecasts from J.C. Penney Co. and Abercrombie & Fitch
Co. -- retailers who were expected to be winners -- just add to the
gloom.
Is the 'Google phone' coming soon?
The wireless world has been patiently awaiting the so-called "Google
phone" for more than a year, and reports this week suggest that such a
device could soon find its way to the market.
Stocks end on uneven footing with the Dow inching up a few points and the Nasdaq dipping lower as oil prices keep falling.
Stocks end on uneven footing with the Dow inching up a few points and
the Nasdaq dipping lower as oil prices keep falling.
Oil falls $1.24 to settle at $113.77 on global economic concerns and stronger dollar.
Oil falls $1.24 to settle at $113.77 on global economic concerns and
stronger dollar.
Oil dips more than $3 a barrel, to below $112, on a stronger dollar and fears about the global economy.
Oil dips more than $3 a barrel, to below $112, on a stronger dollar and
fears about the global economy.
Stocks open higher as oil prices continue their recent slide and the dollar rallies.
Stocks open higher as oil prices continue their recent slide and the
dollar rallies.
U.S. factory output posts biggest gain in 10 months
U.S. factory output posts biggest gain in 10 months
8/15/2008 9:16:11 AM
Thursday, August 14, 2008
Markets Thursday, 08/14/2008
| Dow : 11615.93 up 82.97
| S & P : 1292.93 up 7.10
| NASDAQ: 2453.67 up 25.05
| Bond (10Y): 3.89%, 100.88
MARKETS:
Stock gains powered by lower oil
Wall Street off its highs, but remains positive as crude decline eases
some inflationary fears.
U.S. stocks close higher as data bypassed in favor of crude
U.S. stocks close higher as data bypassed in favor of crude
U.S. stocks snap back after two days of losses, with the financial
sector fronting the gains, as investors brush aside negative economic
data and focus on recent dips in commodities' prices.
Former Apple general counsel settles backdating charges with SEC
SAN FRANCISCO
Nancy Heinen, the former general counsel of Apple Inc., reached a
settlement deal Thursday with the Securities and Exchange Commission
over charges related to the backdating of stock options at the consumer
electronics giant.
Auction-rate settlements lift mortgage and bond insurers
Shares of PMI Group Inc rose more than 50% Thursday lifting rivals in
the private mortgage insurance business and insurers of municipal bonds
and credit derivatives also rallied as the market reckoned that recent
settlements in the auction rate securities market would take pressure
off them.
U.S. stocks turn higher as oil resumes decline
U.S. stocks turn higher as oil resumes decline
U.S. stocks climb for the first day in three, with the financial sector
fronting the gains, as investors brush aside negative economic data to
focus on recent dips in the price of commodities.
Economic Report: Consumer prices mark biggest on-year climb since 1991
U.S. consumer prices jump a greater-than-expected 0.8% in July, marked
by big increases in energy, food, clothing and cigarettes. On year, the
price index runs a 5.6% increase, the largest in 17 years.
Wal-Mart profit climbs 17%; company sounds caution
Wal-Mart Stores Inc. reports a 17% profit rise in second-quarter profit
and ups its annual earnings goal as bargain-hunting shoppers, hurt by
the rising cost of food and gasoline, flocked to the retailer's stores
known for their low prices.
British Air, American, Iberia seek approval for partnership
British Airways, American Airlines and Iberia say they will ask U.S. and
European regulators for permission to create a joint venture that would
see them cooperate on fares, routes and schedules across the Atlantic.
.
Asia Markets: Shanghai, Tokyo drop again; Hong Kong rebounds
Asian markets ended mixed Thursday after a volatile session, with
commodity stocks such as BHP Billiton and Cnooc soaring on a strong
rebound in crude-oil prices, while real estate shares broadly declined.
Dow industrials up 125 points -- more than 200 points off day's low
Dow industrials up 125 points -- more than 200 points off day's low
8/14/2008 11:21:30 AM
Consumer prices surge more than expected, with 5.6% annual inflation rate highest since '91; weekly jobless claims slip to 450,000.
Consumer prices surge more than expected, with 5.6% annual inflation
rate highest since '91; weekly jobless claims slip to 450,000.
Stocks open lower as inflation reaches a 17-year peak.
Stocks open lower as inflation reaches a 17-year peak.
Home prices fall at 7.6% annual rate in second quarter as foreclosures pace decline, Realtors say.
Home prices fall at 7.6% annual rate in second quarter as foreclosures
pace decline, Realtors say.
Wednesday, August 13, 2008
Markets Wednesday, 08/13/2008
| Dow : 11532.96 down 109.51
| S & P : 1285.83 down 3.76
| NASDAQ: 2428.62 down 1.99
| Bond (10Y): 3.93%, 100.50
MARKETS:
Stocks slide for second session
Blue chips lower as oil prices rise, financial issues get hammered.
U.S. stocks end lower, pressured by oil, financials
U.S. stocks end lower, pressured by oil, financials
U.S. stocks end in the red, weighed down by a rebound in oil prices and
ongoing worries about the financial sector sparked by Merrill Lynch's
downgrades of several banks.
Economic Report: Retail sales hit by plunging auto sales
U.S. retail sales dropped 0.1% in July, as falling auto sales offset in
increase in gasoline sales sparked by higher prices, the Commerce
Department estimates.
Macy's, Liz Claiborne, Tween Brands lower outlooks
Department-store operator Macy's Inc. says second-quarter profit
declines 1.4%, hurt by restructuring costs and consumers cutting back on
discretionary purchases.
FundWatch: Fund manager survey shows global recession fears on rise
More fund managers now believe that the global economy will enter into
recession, according to Merrill Lynch's fund manager survey for August.
U.S. stocks drop sharply on weak retail data, earnings outlooks
U.S. stocks drop sharply on weak retail data, earnings outlooks
U.S. stocks fall sharply, weighed down by weak retail sales, ongoing
worries about the financial sector and cautious earnings outlooks from
Deere & Co., Liz Claiborne and Macy's.
Economic Report: Retail sales hit by plunging auto sales
U.S. retail sales dropped 0.1% in July, as falling auto sales offset in
increase in gasoline sales sparked by higher prices, the Commerce
Department estimates.
Macy's cuts full-year outlook as quarter beats expectations
Department-store operator Macy's Inc. says second-quarter profit
declines 1.4%, hurt by restructuring costs and consumers cutting back on
discretionary purchases.
FundWatch: Fund manager survey shows global recession fears on rise
More fund managers now believe that the global economy will enter into
recession, according to Merrill Lynch's fund manager survey for August.
Oil surges more than a dollar per barrel as weekly crude and gasoline supplies post surprise declines.
Oil surges more than a dollar per barrel as weekly crude and gasoline
supplies post surprise declines.
Dow industrials down 100 points; Caterpillar, B. of A., AIG biggest decliners
Dow industrials down 100 points; Caterpillar, B. of A., AIG biggest
decliners
8/13/2008 9:58:09 AM
July retail sales slip 0.1%, as expected. Sales excluding autos are weaker than forecast.
July retail sales slip 0.1%, as expected. Sales excluding autos are
weaker than forecast.
Tuesday, August 12, 2008
Markets Tuesday, 08/12/2008
| Dow : 11642.47 down 139.88
| S & P : 1289.59 down 15.73
| NASDAQ: 2430.61 down 9.34
| Bond (10Y): 3.90%, 100.78
MARKETS:
Stocks slump on bank woes
Wall Street retreats as investors eye the latest spate of financial
market problems.
U.S. stocks snap two-day winning streak, hit by financials
U.S. stocks snap two-day winning streak, hit by financials
U.S. stocks tumble after two days of gains as the financial sector gets
hit by more evidence of ongoing credit-related trouble, with the damage
partially offset by crude's retreat to below $114 a barrel.
Oil ends lower for third session on demand deceleration
Crude-oil futures close at their lowest level in more than three months,
tallying a three-session loss of more than $7 per barrel on concerns
over a deceleration in global oil demand.
UBS reports further loss as wealthy clients withdraw money
Beleaguered Swiss bank reports a second-quarter loss of 358 million
francs ($331 million) and says it will restructure by separating its
investment banking and wealth management arms after nervous clients
withdrew more cash in the quarter.
Economic Report: U.S. trade deficit falls to $56.8 billion on record
exports
The U.S. trade gap narrows by 4.1% to $56.8 billion in June on record
exports and a decline in non-oil imports, according to the Commerce
Department's latest estimate.
Russia orders end to military operations in Georgia
Russian President Dmitry Medvedev orders an end to military operations
in Georgia, saying his country's actions have restored security for
civilians and peacekeepers in South Ossetia.
Stocks end lower as financial companies warn about the impact of the credit market, overshadowing relief over lower oil prices.
Stocks end lower as financial companies warn about the impact of the
credit market, overshadowing relief over lower oil prices.
Stocks end lower as financial companies warn about the impact of the credit market, overshadowing relief over lower oil prices.
Stocks end lower as financial companies warn about the impact of the
credit market, overshadowing relief over lower oil prices.
U.S. trade gap narrows to $56.8 billion in June, well below estimates, as weak dollar boosts exports, Dow Jones reports.
U.S. trade gap narrows to $56.8 billion in June, well below estimates,
as weak dollar boosts exports, Dow Jones reports.
Oil settles at 113.01a barrel, down $1.44 as softening demand outweighs supply disruption in Eastern Europe.
Oil settles at 113.01a barrel, down $1.44 as softening demand outweighs
supply disruption in Eastern Europe.
U.S. stocks pare losses as oil turns lower
U.S. stocks pare losses as oil turns lower
U.S. stocks move mostly lower for the first session in three as
investors worry over J.P. Morgan's $1.5 billion write-down of
mortgage-related assets, with the gloom only partially lifted as oil
retreats to below $113 a barrel.
UBS reports further loss as wealthy clients withdraw money
Beleaguered Swiss bank reports a second-quarter loss of 358 million
francs ($331 million) and says it will restructure by separating its
investment banking and wealth management arms after nervous clients
withdrew more cash in the quarter.
Morgan Stanley to buy back auction-rate securities
Morgan Stanley says it will offer to buy back up to $4.5 billion of
auction-rate securities from retail clients, following similar
announcements from rivals.
Economic Report: U.S. trade deficit falls to $56.8 billion on record
exports
The U.S. trade gap narrows by 4.1% to $56.8 billion in June on record
exports and a decline in non-oil imports, according to the Commerce
Department's latest estimate.
Russia ending military operations in Georgia
Russian President Dmitry Medvedev orders an end to military operations
in Georgia, saying his country's actions have restored security for
civilians and peacekeepers in South Ossetia.
U.S. stocks open lower Tuesday as investors mull higher oil prices and new writedowns in the banking sector.
U.S. stocks open lower Tuesday as investors mull higher oil prices and
new writedowns in the banking sector.
Blue-chip stocks pace Tuesday retreat; Dow industrials down as much as 120 points
Blue-chip stocks pace Tuesday retreat; Dow industrials down as much as
120 points
8/12/2008 10:45:43 AM
Monday, August 11, 2008
Markets Monday, 08/11/2008
| Dow : 11782.35 up 48.03
| S & P : 1305.32 up 9.00
| NASDAQ: 2439.95 up 25.85
| Bond (10Y): 3.99%, 100.03
MARKETS:
Stocks gain as oil falls
Wall Street trims gains, but remains upbeat as crude prices retreat.
Markets Monday, 08/11/2008
| Dow : 11782.35 up 48.03
| S & P : 1305.32 up 9.00
| NASDAQ: 2439.95 up 25.85
| Bond (10Y): 3.99%, 100.03
MARKETS:
Stocks gain as oil falls
Wall Street trims gains, but remains upbeat as crude prices retreat.
U.S. stocks close modestly higher after oil pares losses
U.S. stocks close modestly higher after oil pares losses
U.S. stocks scale back their earlier gains, as crude comes off its lows
to close above $114 a barrel.
Futures Movers: Oil ends below $115 in tug of war with supply, demand
concerns
Crude-oil futures close below $115 a barrel in volatile trading after
touching their lowest level in more than three months.
Economic Report: Credit squeeze getting worse, banks say
The credit squeeze got worse in the past three months, the Federal
Reserve reports, and most banks expect to keep a lid on credit for the
next year at least.
Gold futures close at their lowest level of the year
Gold futures close at their lowest level of the year as a decline in oil
prices and strength in the dollar send the precious metal's prices down
by more than 4% an ounce in electronic trading.
U.S. stocks cling to gains as crude oil trims Monday decline
U.S. stocks cling to gains as crude oil trims Monday decline
8/11/2008 4:03:15 PM
Gold futures slide 4%, closing at lowest level of the year
Gold futures slide 4%, closing at lowest level of the year
8/11/2008 3:17:56 PM
Oil settles at lowest level since May 1, dropping 75 cents to $114.45/barrel after Iran calls for renewed nuclear talks.
Oil settles at lowest level since May 1, dropping 75 cents to
$114.45/barrel after Iran calls for renewed nuclear talks.
Dow industrials up 100 points
Dow industrials up 100 points
8/11/2008 1:28:47 PM
Monday's biggest gaining and declining stocks
Monday's biggest gaining and declining stocks
Among the companies whose shares are seeing active trade in Monday's
session are Republic Services, Qwest and Calpine.
Currencies: Dollar holds the line in wake of last week's rally
The dollar holds the line on last week's robust gains, and analysts say
the greenback may catch renewed strength if the price of crude oil can
continue to hold below $120 a barrel.
Paulson vows not to serve in next administration
Treasury Secretary Henry Paulson rules out serving in the next U.S.
administration, regardless of who wins the election, and says he has no
plans to give Freddie or Fannie any funds for now.
Verizon reaches deal with unions to avert strikes
Verizon Communications Inc said it's reached a deal with labor unions
representing 65,000 employees, averting a strike that could have
disrupted its operations in several states.
Europe Markets: European shares higher again as euro hovers around
$1.50
European shares rise again on Monday, with auto makers and aerospace
companies getting a lift as the euro hovers around the $1.50 mark.
Stocks open lower as the Russia-Georgia conflict casts a cloud on oil prices.
Stocks open lower as the Russia-Georgia conflict casts a cloud on oil
prices.
