Wednesday, August 20, 2008
U.S. stocks end higher as energy rebounds
U.S. stocks end higher as energy rebounds
U.S. stocks trade mixed with upbeat results from computer-maker
Hewlett-Packard unable to offset ongoing concerns about ailing financial
firms.
Strong report, forecast give boost to H-P's shares
Hewlett-Packard Co. shares climb more than 5% after the tech bellwether
says its broad product lines and international sales led its strong
third-quarter earnings report and fourth-quarter outlook.
Futures Movers: Oil ends higher; U.S. gas supply drops, but crude supply
jumps
Crude-oil futures close higher, after a U.S. government report shows
that gasoline supplies dropped more than 20 million barrels in the past
four weeks.
Mass. asks Fidelity to bail out auction-rate securities holders
After reaching deals with many of the top Wall Street banks over the
auction-rate-securities mess, regulators are now turning their focus on
brokerage firms not covered by those agreements -- like Fridelity and
Schwab.
Beijing priming post-Olympics money pump
Beijing is likely to implement post-Olympics stimulus measures to offset
a slowing economy and spur jobs growth, taking advantage of a benign
inflationary backdrop and an energized national mood in the wake of the
Games.
H-P shares rise nearly 5.7% to pace Dow industrials' rise; Nasdaq, S&P also advance
H-P shares rise nearly 5.7% to pace Dow industrials' rise; Nasdaq, S&P
also advance
8/20/2008 4:03:39 PM
Stocks manage to end in positive territory as shares of mortgage giants Fannie and Freddie plunge more than 20%.
Stocks manage to end in positive territory as shares of mortgage giants
Fannie and Freddie plunge more than 20%.
Forecasting further write-downs, Goldman cuts estimates for banks
Forecasting further write-downs, Goldman cuts estimates for banks
Goldman Sachs becomes the latest to chop profit estimates on bank and
broker stocks on the expectation of more ugly write-downs triggered by
the ongoing tumult in credit markets.
H-P shares get lift on strong earnings forecast
Hewlett-Packard Co. on Tuesday reports fiscal third-quarter profit rose
11% from a year ago as sales reach $28 billion and the technology giant
records growth in all of its main business areas.
Beijing priming post-Olympics money pump
Beijing is likely to implement post-Olympics stimulus measures to offset
a slowing economy and spur jobs growth, taking advantage of a benign
inflationary backdrop and an energized national mood in the wake of the
Games.
U.K. authority may force BAA to sell three airports
U.K. regulators Wednesday call for Britain's main airport operator, BAA,
to sell three airports after an in-depth review finds its dominant
position in London and Scotland is harming passenger interests.
Fannie Mae, Freddie Mac plummet more than 15% in early trading on concerns about possibility of government bailout.
Fannie Mae, Freddie Mac plummet more than 15% in early trading on
concerns about possibility of government bailout.
Stocks open higher as investors cheer HP earnings and Asian markets rally overnight.
Stocks open higher as investors cheer HP earnings and Asian markets
rally overnight.
Oil prices fall well off their morning highs after government reports surprising surge in crude supplies.
Oil prices fall well off their morning highs after government reports
surprising surge in crude supplies.
Tuesday, August 19, 2008
Markets Tuesday, 08/19/2008
| Dow : 11348.55 down 130.60
| S & P : 1266.69 down 11.91
| NASDAQ: 2384.36 down 32.62
| Bond (10Y): 3.83%, 101.34
MARKETS:
Stocks slide for 2nd day
High oil prices, weak retail sales, a drop in homebuilding and a spike
in wholesale inflation add to fears about how a spending recession will
hit the already-strapped economy.
stocks fall for second day on financial, economic concerns
U.S. stocks fall for second day on financial, economic concerns
Stocks fall for a second session on worries about financial firms, while
concerns about the economy also were fueled by weak housing data, rising
wholesale prices and weak results from several retailers.
Lehman shares fall 13% after write-downs pegged at $4 bln
Lehman Brothers Holdings Inc.'s write-downs in the third quarter could
hit $4 billion as the company continues to wrestle with its exposure to
troubled mortgage assets, according to J.P. Morgan analysts.
Economic Report: Single-family housing permits fall to 26-year low in
July
U.S. home builders sharply reduce the number of new homes started in
July and drop the number of new single-family permits to the lowest
level in 26 years.
Housing downturn hurts Home Depot's profit
Home Depot, the world's largest home-improvement retailer, sticks to its
guidance for the year, even as second-quarter profit falls 24%.
Stocks end with more losses as the Dow sheds about 130... points on financial sector woes, rising oil prices and bleak housing news
Stocks end with more losses as the Dow sheds about 130 points on
financial sector woes, rising oil prices and bleak housing news.
Oil settles at $114.53, up $1.66, as dollar weakens and investors prepare for government report on crude inventories.
Oil settles at $114.53, up $1.66, as dollar weakens and investors
prepare for government report on crude inventories.
U.S. stocks fall for second day on financial, economic concerns
U.S. stocks fall for second day on financial, economic concerns
Stocks continue previous session's slide on worries about ailing
financial firms, while concerns about the economy are fueled by weak
housing data, rising wholesale prices, and falling sales and profits at
several retailers.
Economic Report: Single-family housing permits fall to 26-year low in
July
U.S. home builders sharply reduce the number of new homes started in
July and drop the number of new single-family permits to the lowest
level in 26 years.
Housing downturn hurts Home Depot's profit
Home Depot, the world's largest home-improvement retailer, sticks to its
guidance for the year, even as second-quarter profit falls 24%.
Housing starts down 11% in July, reversing prior month's surge; Wholesale prices climb more than expected.
Housing starts down 11% in July, reversing prior month's surge;
Wholesale prices climb more than expected.
Monday, August 18, 2008
Markets Monday, 08/18/2008
| Dow : 11479.39 down 180.18
| S & P : 1278.60 down 19.60
| NASDAQ: 2416.98 down 35.54
| Bond (10Y): 3.81%, 101.53
MARKETS:
Stocks knocked by bank woes
Wall Street sinks amid renewed concern about Fannie Mae and Freddie Mac
and the dollar's drop against other major currencies.
U.S. stocks end sharply lower as financials woes return
U.S. stocks end sharply lower as financials woes return
Stocks close sharply lower, as the financial sector deepens its slide
amid reports of more losses at Lehman Brothers and of a bail-out for
mortgage giants Fannie Mae and Freddie Mac.
Economic Report: Builders still gloomy, but see glimmer of hope
U.S. home builders were as gloomy in August as they've ever been about
the housing market, but saw some reason to hope that the recent housing
relief bill could help, the National Association of Home Builders says.
Emerging Markets Report: Pakistani stock market faces cloudy outlook
after resignation
The resignation of Pakistan's President Pervez Musharraf triggers surge
in local equity prices, but it's unlikely to be a catalyst for a
sustained rally as political uncertainty and economic challenges
continue to weigh on investor sentiment.
Futures Movers: Oil closes below $113 on easing storm threat, sluggish
demand
Crude-oil futures fall below $113 a barrel with traders' nerves rattled
by signs of sluggish demand for oil worldwide just as concerns begin to
wane over the potential for energy supply disruptions in the Gulf of
Mexico.
Housing malaise eats into Lowe's profit
Lowe's Cos. says that its second-quarter profit fell 7.9%, hurt by the
housing market downturn, which cut into demand for cabinets, countertops
and other big-ticket purchases.
Stocks get walloped, with the Dow losing about 173 points, as mortgage fears chop over 20% from Fannie Mae and Freddie Mac shares.
Stocks get walloped, with the Dow losing about 173 points, as mortgage
fears chop over 20% from Fannie Mae and Freddie Mac shares.
Index of home-builder sentiment stuck at record low, but expectations improve
Index of home-builder sentiment stuck at record low, but expectations
improve
8/18/2008 1:05:00 PM
Dow sinks 200 points on troubled banking industry and fluctuating oil prices.
Dow sinks 200 points on troubled banking industry and fluctuating oil
prices.
Oil settles at $112.87 a barrel, down $.90 from Friday's close, as Tropical Storm Fay approaches Florida Keys.
Oil settles at $112.87 a barrel, down $.90 from Friday's close, as
Tropical Storm Fay approaches Florida Keys.
U.S. stocks fall as oil rises, financials woes return
U.S. stocks fall as oil rises, financials woes return
U.S. stocks drop as rising crude oil prices fuel uncertainty about the
economy, while worries about ailing financials are rekindled by several
media reports.
Futures Movers: Oil futures rise on storm concerns, dollar weakness
Crude-oil futures rose more than 1% Monday, boosted by dollar weakness
and lingering worries that Tropical Storm Fay may hit oil installations
in the Gulf of Mexico.
Currencies: Dollar regains some lost ground; steady in recent ranges
The dollar reclaims some lost ground against the euro, while remaining
in recent ranges against most other major currencies.
ETF Focus: Small caps in market's sweet spot during rally
Small-cap stocks have enjoyed big returns during the unlikely market
upswing this summer, and many investors are gaming the action with
exchange-traded funds.
Housing malaise eats into Lowe's profit
Lowe's Cos. says that its second-quarter profit fell 7.9%, hurt by the
housing market downturn, which cut into demand for cabinets, countertops
and other big-ticket purchases.
Pakistani Leader Ends Speculation, Resigns
Pakistani Leader Ends Speculation, Resigns
Pervez Musharraf Avoids Impeachment; Defends Position As U.S. Ally In
War On Terror
Stocks little changed at the open as investors remain cautious about oil prices and the economy.
Stocks little changed at the open as investors remain cautious about oil
prices and the economy.
