Friday, February 27, 2009
FDIC takes over Security Savings Bank of Henderson, Nev., in 16th bank failure of the year
FDIC takes over Security Savings Bank of Henderson, Nev., in 16th bank
failure of the year
2/27/2009 7:51:37 PM EDT
Markets Friday, 02/27/2009
| Dow : 7062.93 down 119.15 | S & P : 735.09 down 17.74 |
| NASDAQ: 1377.84 down 13.63 | Bond (10Y): 3.01%, 97.72
MARKETS:
Stocks end at 12-year lows
Dow and S&P 500 continue their descent after Citigroup-U.S. deal and GDP plunge.
Stocks head to monthly losses; S&P's close a focus
Stocks head to monthly losses; S&P's close a focus
As stocks on Friday dip towards another month of losses, investors
were especially focused on the S&P 500 Index and whether the broad
market gauge would close above or below its November lows, with a
finish above 750 seen as a victory of sorts.
GOVERNMENT TO BOOST STAKE IN CITIGROUP TO 36%; SHARES PLUNGE
Shares of Citigroup tumble. The company says the government agrees to
a deal to boost its stake to about 36%, touching off investor fears
about dilution. Citi. also reports another $10 billion in
fourth-quarter losses and says it will suspend the payment of
dividends on common and preferred stock.
ECONOMIC REPORT: GDP REVISED TO DECLINE OF 6.2% IN FOURTH QUARTER, U.S. SAYS
The U.S. economy hit on virtually no cylinders in the fourth quarter,
as gross domestic product falls at the fastest pace since 1982 on
sharp declines in consumer spending, investment and exports,
government data show.
GOLD, DOLLAR BREAK WITH PAST AS SAFETY BUYING SPURS BOTH HIGHER
Gold prices, which in recent years have charted moves in the opposite
direction to the U.S. dollar, have been mostly moving in tandem with
the greenback this year, the latest surprise twist in what's been a
tumultuous past year for commodities traders.
WORLD BANK, OTHERS PLEDGE $31.2 BILLION AID FOR EASTERN EUROPE
At a time of growing concern about the region's economic prospects,
the World Bank, the European Bank for Reconstruction and Development
and the European Investment Bank pledge up to $31.2 billion to support
Eastern Europe's banking. sector and to fund business loans.
Breaking News Fri., February 27, 2009
Govt. Now Says Economy Shrank 6.2% in 4Q, Worst Showing in a
Quarter-Century [8:55 a.m. ET]
Stocks tumble at the open - Dow plunges 100 points - after government announces bigger stake in Citi, whose stock falls 32%.
Stocks tumble at the open - Dow plunges 100 points - after government
announces bigger stake in Citi, whose stock falls 32%.
Thursday, February 26, 2009
Energy: Stocks in focus on Friday
Among the companies whose shares are expected to see active trade in
Friday's session are Progressive Corp., Blackstone Group LP, and
Calpine Corp.
Markets Thursday, 02/26/2009
| Dow : 7182.08 down 88.81 | S & P : 752.83 down 12.07 |
|NASDAQ: 1391.47 down 33.96 | Bond (10Y): 2.99%, 97.94
MARKETS:
Stocks stumble after rally
Wall Street retreats on ongoing worries about the economy and the
banking system.
Number of 'bad banks' on latest FDIC watchlist grows to 252, highest level since 1994.
Number of 'bad banks' on latest FDIC watchlist grows to 252, highest
level since 1994.
New home sales plunge 10.2% to record low
New home sales plunge 10.2% to record low
Despite a record drop in prices, sales of new homes fall 10.2% in
January to a record-low seasonally adjusted annual rate of 309,000,
the Commerce Department estimates.
RBS UNVEILS $34 BILLION LOSS, SECURES ASSET INSURANCE DEAL
Royal Bank of Scotland agrees to let the U.K. government insure 325
billion pounds ($462 billion) of its assets as the bank unveils a
record annual loss for a British company: 24.1 billion pounds in 2008.
Shares rally in London on investor relief that the red ink wasn't
worse.
GM LOSES $9.6 BILLION IN FOURTH QUARTER
General Motors Corp. posts another massive loss in the fourth quarter,
burning through $6.2 billion in cash as the auto maker continues its
push for more funding from the federal government.
LESSONS LEARNED KEEP AIRLINES SAFE DESPITE RECENT HEADLINES
After two years of a nearly flawless safety record, airlines are again
under the microscope following a rash of accidents that have left 59
people dead.
Stocks open higher as investors focus on a potential recovery in the banking sector and shrug off dismal economic reports.
Stocks open higher as investors focus on a potential recovery in the
banking sector and shrug off dismal economic reports.
Energy: Higher crude prices, broad market power energy stocks
Energy Stocks - Higher crude prices, broad market power energy stocks
Energy stocks rise with the broad market as investors sifted through
financial updates from Rowan Cos., Repsol, El Paso and others while
oil prices broke through the $43 level for the first time in a month.
New home sales in January plunged to an annual rate of 309,000 - the worst since government started keeping records in 1963.
New home sales in January plunged to an annual rate of 309,000 - the
worst since government started keeping records in 1963.
First-time U.S. jobless claims rise to 667,000; continuing claims cross 5 million mark
First-time U.S. jobless claims rise to 667,000; continuing claims
cross 5 million mark
2/26/2009 8:31:24 AM EDT
Wednesday, February 25, 2009
Markets Wednesday, 02/25/2009
| Dow : 7270.89 down 80.05 | S & P : 764.90 down 8.24 |
|NASDAQ: 1425.43 down 16.40 | Bond (10Y): 2.92%, 98.50
MARKETS:
Stocks end volatile session lower
Wall Street rallies, then retreats as investors digest new details on
bank plan from Treasury.
Stocks end lower, unable to sustain an afternoon rally. Dow falls 80 points, Nasdaq and S&P slip 1.1%.
Stocks end lower, unable to sustain an afternoon rally. Dow falls 80
points, Nasdaq and S&P slip 1.1%.
Markets Tuesday, 02/24/2009
| Dow : 7350.94 up 236.16 | S & P : 773.14 up 29.81
|
| NASDAQ: 1441.83 up 54.11 | Bond (10Y): 2.79%, 99.59
MARKETS:
Dow: Triple-digit rally after rout
Wall Street advances as the Dow and S&P 500 bounce off the previous
session's nearly 12-year lows.
Energy: Obama to unveil wide-ranging 2010 budget
President Barack Obama will unveil his first budget on Thursday
morning, a huge document that will aim to pump money into energy,
education and health care even as it seeks to save cash by cutting
programs and halve the roughly $1 trillion deficit by the end of his
first term.
U.S. stock indexes erase steep intraday losses in final-hour comeback
U.S. stock indexes erase steep intraday losses in final-hour comeback
2/25/2009 3:11:30 PM EDT
Sales of existing homes fall 5.3% to 12-year low
Sales of existing homes fall 5.3% to 12-year low
Sales of pre-owned homes drop 5.3% to a seasonally adjusted annual
rate of 4.49 million in January, the lowest sales pace in 12 years,
the National Association of Realtors reports.
TREASURY BEGINS STRESS TESTING TROUBLED BANKS
The Treasury Department begins to apply a series of new stress tests
for 19 large troubled banks as part of a new capital injection program
that could lead to nationalization of several financial institutions.
TURKISH AIRLINES JET CRASHES AT AMSTERDAM AIRPORT
A Turkish Airlines Boeing 737 crashed while trying to land at
Amsterdam's Schiphol International airport on Wednesday, killing at
least nine and injuring 50 of the 134 passengers on board.
AMBAC REPORTS $2.3 BILLION QUARTERLY LOSS
Ambac Financial reports a $2.34 billion fourth-quarter net loss on
Wednesday as the bond insurer was hit hard by the deepening recession
and financial crisis.
OBAMA FRANK BUT OPTIMISTIC ABOUT ECONOMY IN SPEECH
President Barack Obama tells Congress and the country that the U.S.
will emerge from the recession "stronger than before," while laying
plain the challenges facing the economy.
Monday, February 23, 2009
Breaking News: Dow drops to lowest level since '97
NEW YORK (AP) - The major stock market indexes have staggered to their
lowest levels since 1997, pulled down by investors' rapidly waning
confidence. The Dow Jones industrial average is down 250 at 7,114. The
Standard & Poor's 500 index is down 26 at 743, while the Nasdaq
composite index is down 53 at the 1,387.
Markets Monday, 02/23/2009
| Dow : 7114.78 down 250.89 | S & P : 743.33 down 26.72 |
| NASDAQ: 1387.72 down 53.51 | Bond (10Y): 2.75%, 99.94
MARKETS:
Dow and S&P at '97 lows
Big losses send the two major gauges to levels not seen in nearly 12 years.
Dow, S&P end at lowest level since 1997, after 3% drops, as investors can't shake their worries about the economy.
Dow, S&P end at lowest level since 1997, after 3% drops, as investors
can't shake their worries about the economy.
Breaking News
"Slumdog Millionaire" wins Oscar for best picture at Academy Awards
Stocks open higher on talk of government expanding its stake in Citigroup.
Stocks open higher on talk of government expanding its stake in Citigroup.
Citigroup, Bank of America rally as nationalization fears ebb; financials set early pace
Citigroup, Bank of America rally as nationalization fears ebb;
financials set early pace
2/23/2009 9:33:16 AM EDT
Sunday, February 22, 2009
Citi in talks with feds to increase government ownership of bank - WSJ
Citi in talks with feds to increase government ownership of bank - WSJ
2/22/2009 8:32:14 PM EDT
