Friday, October 24, 2008
Markets Friday, 10/24/2008
| Dow : 8378.95 down 312.30 | S & P : 876.77 down 31.34
| NASDAQ: 1552.03 down 51.88 | Bond (10Y): 3.68%, 102.53
MARKETS:
Stocks can't shake the blues
Wall Street gives up comeback attempt as global slowdown woes
dominate, capping a dismal week.
U.S. stocks' late comeback falls short; Dow industrials lose 320 points
U.S. stocks' late comeback falls short; Dow industrials lose 320 points
10/24/2008 4:01:41 PM EDT
Oil falls $3.69, settling at $64.15 a barrel, as recession fears outweigh news that OPEC will cut production.
Oil falls $3.69, settling at $64.15 a barrel, as recession fears out
weigh news that OPEC will cut production.
Dow drops 500 points minutes after market open on global recession fears.
Dow drops 500 points minutes after market open on global recession fears.
Thursday, October 23, 2008
Breaking news
10/23/2008 10:15:11 AM EDT
After two brutal days on Wall Street, stocks open higher...
After two brutal days on Wall Street, stocks open higher despite news of
more job cuts, housing troubles and poor corporate results.
U.S. first-time jobless claims rise to 478,000 in latest week, up 15,000
U.S. first-time jobless claims rise to 478,000 in latest week, up
15,000
10/23/2008 8:31:51 AM
Wednesday, October 22, 2008
Markets Wednesday, 10/22/2008
| Dow : 8519.21 down 514.45
| S & P : 896.78 down 58.27
| NASDAQ: 1615.75 down 80.93
|Bond (10Y): 3.60%, 103.31
MARKETS:
Another stock battering
Dow ends down 514 points, Nasdaq at 5-year low as weak earnings,
slumping oil prices add to recession fears.
U.S. stocks hammered, fueled by worries of global slowdown
U.S. stocks hammered, fueled by worries of global slowdown
U.S. stock indexes are pummeled, with the major indexes down as much as
5%, as investors contend with a string of dispiriting earnings reports
and worries of global recession.
SanDisk shares touch 52-week low as Samsung pulls offer
SanDisk shares plunge as investors dump the chip maker after South
Korean electronics giant Samsung pulled its $26-a-share acquisition
offer.
AT&T profit rises, while iPhone sales surge
AT&T's third-quarter profit climbs 5.5%, with the company adding 2
million wireless customers.
Boeing's quarterly profit falls 37% on machinists' strike
Boeing Co. cites the strike called by machinists against at its
commercial-aircraft business as a key factor behind the aerospace
giant's third-quarter earnings drop of 37%.
McDonald's 'optimistic' as profit jumps 11%
McDonald's posts an 11% rise in third-quarter profit, helped by strong
sales both in the U.S. and abroad.
Dow down 501 points, or 5.6%, at the close after sharp selloff triggered by weak earnings and recession fears.
Dow down 501 points, or 5.6%, at the close after sharp selloff triggered
by weak earnings and recession fears.
Oil prices dip below $68 a barrel after government's weekly inventory report confirms expected rise in crude and gasoline reserves.
Oil prices dip below $68 a barrel after government's weekly inventory
report confirms expected rise in crude and gasoline reserves.
September's mass layoffs highest since 9/11, according to U.S. Labor Department.
September's mass layoffs highest since 9/11, according to U.S. Labor
Department.
McDonald's scores highest U.S. sales growth of 2008 in third quarter; profit up 11%
McDonald's scores highest U.S. sales growth of 2008 in third quarter;
profit up 11%
10/22/2008 8:03:57 AM
Wachovia posts loss of nearly $24 billion, including charges, far worse than expectations.
Wachovia posts loss of nearly $24 billion, including charges, far worse
than expectations.
Stocks tumble at the open after a gloomy report from Wachovia and other weak company results.
Stocks tumble at the open after a gloomy report from Wachovia and other
weak company results.
Tuesday, October 21, 2008
Markets Tuesday, 10/21/2008
| Dow : 9033.66 down 231.77
| S & P : 955.05 down 30.35
| NASDAQ: 1696.68 down 73.35
| Bond (10Y): 3.70%, 102.44
MARKETS:
Stocks hit by recession fears
Wall Street retreats as earnings jitters take hold.
Stocks end lower - Dow sheds 2.5%, Nasdaq drops 4.2%, S&P 500 slides 3.2% - in volatile session as investors remain anxious.
Stocks end lower - Dow sheds 2.5%, Nasdaq drops 4.2%, S&P 500 slides
3.2% - in volatile session as investors remain anxious.
Yahoo posts profit decline, to cut thousands of jobs
Yahoo posts profit decline, to cut thousands of jobs
Yahoo Inc. posts a third-quarter profit that falls sharply and says it
will trim its workforce by roughly 10% as the Internet company struggles
to mount a turnaround despite the troubled economy and a lack of
investor confidence.
The Technical Indicator: A checklist for signs of a market recovery
In the wake of the 2008 crash, the U.S. markets have rallied
respectably. But despite the upturn, the "all clear" hasn't been
signaled just yet. Here's a checklist for signs of a legitimate
recovery.
MarketWatch First Take: Bank deals are fueling an otherwise moribund M&A
market
U.S. Treasury Secretary Henry Paulson is hinting that the $250 billion
cash infusion aimed at nine banks is coming with strings.
Lehman's massive credit default swaps settle smoothly
A settlement in billions of dollars in Lehman Brothers credit-default
swaps is finalized without any big hitches, adding a note of support to
the recent recovery in credit markets.
Metals Stocks: Gold falls 2.8% as dollar strengthens; copper tumbles
5.2%
Gold futures fall 2.8% as a stronger U.S. dollar diminishes the precious
metal's appeal as an alternative investment.
U.S. stock indexes lower on cautious corporate outlooks
U.S. stock indexes lower on cautious corporate outlooks
U.S. stocks scale back an opening slide after disappointing earnings
reports and bleak forecasts from chip maker Texas Instruments Inc. and
chemical giant DuPont hammer the markets.
Yahoo expected to see earnings drop; Street watching for layoffs
Yahoo is expected to report fiscal third-quarter financial results as
analysts and investors question its ability to weather the financial
downturn without cutbacks.
Sun shares hammered following wide loss forecast
Sun Microsystems Inc. shares tumbled as much as 15% Tuesday following
the company's announcement it will swing to a first-quarter loss and
comments about the weakening economy affecting its business.
TI shares drop as disappointing forecast prompts downgrades
Shares of Texas Instruments Inc. fell sharply Tuesday morning after the
chip maker reported a 26% drop in third-quarter net profit and the
company's chief executive warned that consumers and corporations were
pulling back on spending "in this uncertain economy."
Treasury's Paulson tells banks to lend new government capital
Banks receiving investments from the government will be expected to loan
out the money to help revive liquidity in the credit market, Treasury
Secretary Henry Paulson says.
Weak start for stocks after Monday's 400 point Dow jump.
Weak start for stocks after Monday's 400 point Dow jump.
Monday, October 20, 2008
Markets Monday, 10/20/2008
| Dow : 9265.43 up 413.21
| S & P : 985.40 up 44.85
| NASDAQ: 1770.03 up 58.74
| Bond (10Y): 3.83%, 101.22
MARKETS:
Stocks finish with a flourish
Dow up 413, jumping above 9,000, as investors welcome lending-market
improvement, Bernanke comments on second stimulus plan.
U.S. stocks end sharply higher as credit markets improve
U.S. stocks end sharply higher as credit markets improve
U.S. stocks extend their gains, with energy shares paving the climb
higher after Fed Chairman Ben Bernanke backed more fiscal stimulus and
investors digested earnings reports from various sectors.
Governments' actions will stabilize banking industry, S&P says
Government actions around the world should stabilize the banking
industry and unfreeze debt markets, Standard & Poor's said Monday.
Treasury's Paulson tells banks to lend new government capital
Banks receiving investments from the government will be expected to loan
out the money to help revive liquidity in the credit market, Treasury
Secretary Henry Paulson says.
Foreclosure aid at top of agenda for revamped Fannie, Freddie
Under their new government-appointed chief executives, Fannie Mae and
Freddie Mac are focused on reducing foreclosures, improving liquidity in
the mortgage market and restructuring aspects of their business.
GM hasn't yet secured funds for Chrysler deal: report
General Motors Corp. has not yet been able to secure financing to close
a merger deal with rival automaker Chrysler LLC, The Wall Street Journal
reports.
Dow surges more than 260 points to new intraday high as credit continues to thaw and investors cheered by Bernanke's comments.
Dow surges more than 260 points to new intraday high as credit continues
to thaw and investors cheered by Bernanke's comments.
Bernanke endorses a new fiscal stimulus, citing slowdown fears
Bernanke endorses a new fiscal stimulus, citing slowdown fears
Another shot of fiscal stimulus may be needed now to help the U.S.
economy recover from what could be a protracted slowdown, Federal
Reserve Chairman Ben Bernanke says.
Market Snapshot: U.S. stocks gain as Fed chief supports more fiscal
stimulus
U.S. stocks remain mostly higher as Federal Reserve Chairman Ben
Bernanke backs more fiscal stimulus and investors digest quarterly
earnings reports from an array of sectors.
Economic Report: Leading indicators rise 0.3% in September
The nation's economy isn't in "free fall," though recovery may be a year
away, an economist at the Conference Board says as the research group
reports on leading economic indicators for September.
NRG Energy rallies on $6.2 billion buyout bid from Exelon
Electricity generator Exelon Corp. says it's offered to buy rival NRG
Energy Inc. in a $6.2 billion all-stock bid that it says would create
the largest power company in the U.S.
Bernanke's call for U.S. to consider a second stimulus plan electrifies Wall Street, with the Dow jumping 220 points.
Bernanke's call for U.S. to consider a second stimulus plan electrifies
Wall Street, with the Dow jumping 220 points.
Wall Street edges higher as investors tip-toe into the markets ahead of testimony from Fed Chair Ben Bernanke.
Wall Street edges higher as investors tip-toe into the markets ahead of
testimony from Fed Chair Ben Bernanke.
Sunday, October 19, 2008
Breaking News: Powell endorses Obama
WASHINGTON (AP) - Former Secretary of State Colin Powell endorses Barack
Obama for president.
