Friday, July 31, 2009
our more U.S. banks fail, bringing total to 68 this year
Four more U.S. banks fail, bringing total to 68 this year
7/31/2009 6:31:29 PM EDT
Dow and S&P hit 2009 highs at the end of Wall Street's best July in 20 years. Dow is up 14 points, S&P flat and Nasdaq dips 6 points.
Dow and S&P hit 2009 highs at the end of Wall Street's best July in 20
years. Dow is up 14 points, S&P flat and Nasdaq dips 6 points.
Washington scrambles to save clunker program
Washington scrambles to save clunker program
Congress is moving quickly to add $2 billion to the government's "cash for
clunkers" program after strong demand threatened to swamp the program.
OBAMA SEES SIGNS SLOWDOWN IS EASING
Data due out Friday will show that the U.S. economy shrank in the second
quarter, he says, but adds that there's been a "significant slowing
down of the contraction."
Q2 GDP DOWN 1.0%, MUCH LESS THAN PAST 6 MONTHS
The U.S. economy contracts at a much smaller pace in the second
quarter of the year, Commerce Department data show, suggesting that
the trough of the recession has been reached.
CRUDE FUTURES KEY ON WALL ST. STOCKS, U.S. GDP
Crude-oil futures reversed losses and moved higher as U.S. stocks
showed the potential for further upside and as government data showed
a
smaller-than-expected contraction in the U.S. economy in the second quarter.
CHEVRON NET INCOME FALLS 71%; PRODUCTION RISES
Chevron's second-quarter net income falls 71% as the oil major joins
the rest of its class in sharply lower earnings tied to the global
recession and steep drop in energy prices compared with a year ago.
Stocks make modest early gains; Disney lags among Dow components
Stocks make modest early gains; Disney lags among Dow components
7/31/2009 9:43:03 AM EDT
Economy contracted by a 1.0% annual rate in 2nd quarter, an early sign of stabilization, but still 4th straight quarter of decline.
Economy contracted by a 1.0% annual rate in 2nd quarter, an early sign
of stabilization, but still 4th straight quarter of decline.
Thursday, July 30, 2009
Stocks rally, but back off of the day's peak late in the session. Dow gains 83 points to close near a 9-month high.
Stocks rally, but back off of the day's peak late in the session. Dow
gains 83 points to close near a 9-month high.
Crude rebounds to $67 with biggest one-day gain in more than three months
Crude rebounds to $67 with biggest one-day gain in more than three months
7/30/2009 3:15:38 PM EDT
Shell profit drops 67% amid weak energy demand
Shell profit drops 67% amid weak energy demand
Oil giant Royal Dutch Shell says second-quarter net profit fell 67%
amid weak energy demand.
APACHE'S LOWER PROFIT BEATS TARGET, PRODUCTION UP
Apache Corp. says second-quarter net income falls less than expected
as the energy firm boosts production by 7%.
DOW CHEMICAL SWINGS TO SECOND-QUARTER LOSS
Dow Chemical posts a second-quarter loss, a reversal from the prior year's
profit, as the company's CEO paints a mixed picture on the business
outlook for the balance of 2009.
CRUDE FUTURES REBOUND AFTER STEEP SELL-OFF
Crude-oil futures rebound from their steep sell-off in the previous
session, as a broad rally in equity markets and a decline in
continuing U.S. jobless claims improve sentiment in the energy
markets.
GOLD RISES FIRST DAY IN THREE AS OIL REBOUNDS
Gold futures rise nearly 1%, reclaiming the $935 mark and gaining for
the first session in three, as rebounding crude-oil futures and a
weaker dollar put traders in a mood to buy the precious metal.
Economically sensitive copper stages a bigger rally.
Dow rallies more than 120 points as buying momentum gains traction. Nasdaq and S&P 500 jump more than 1.6%.
Dow rallies more than 120 points as buying momentum gains traction.
Nasdaq and S&P 500 jump more than 1.6%.
Initial unemployment claim filings rise 25,000 to 584,000 in latest week, Labor Department reports.
Initial unemployment claim filings rise 25,000 to 584,000 in latest
week, Labor Department reports.
Stocks open higher as investors brace for a volatile day. Dow rises 71 points, Nasdaq and S&P 500 gain 1%.
Stocks open higher as investors brace for a volatile day. Dow rises 71
points, Nasdaq and S&P 500 gain 1%.
Wednesday, July 29, 2009
Stocks end lower. Dow sheds 24 points, while the Nasdaq slips 0.4% and the S&P eases 0.4%. Yahoo shares fall 12% on Microsoft pact.
Stocks end lower. Dow sheds 24 points, while the Nasdaq slips 0.4% and
the S&P eases 0.4%. Yahoo shares fall 12% on Microsoft pact.
Microsoft, Yahoo strike deal for search
YAHOO BLOWS IT WITH MICROSOFT DEAL
Shareholders of Yahoo are clearly disappointed in the company's deal with
Microsoft, and it's hard to blame them.
BIG RESISTANCE SEEN AS S&P 500 GEARS FOR 1,000
The S&P 500's steep climb over the past two
weeks has brought the benchmark in sight of 1,000, a level it hasn't
hit since November. But stocks will likely meet stiff resistance
making that next move higher, analysts say.
CONOCO PROFIT OFF 76%, STILL TOPS $1 BILLION
ConocoPhillips second-quarter profit falls 76%, but the oil major's
bottom line still topped $1 billion as it managed to boost production
and lower costs.
UPDATES, ADVISORIES AND SURPRISES
A roundup of the latest corporate earnings reports and what companies
are saying about future quarters.
Stocks open lower after a disappointing durable goods report. Yahoo leads techs lower after striking a search deal with Microsoft.
Stocks open lower after a disappointing durable goods report. Yahoo
leads techs lower after striking a search deal with Microsoft.
Orders for durable goods drop 2.5% in June, biggest fall since January, data show
Orders for durable goods drop 2.5% in June, biggest fall since
January, data show
7/29/2009 8:33:16 AM EDT
Microsoft, Dow, Yahoo in focus
Before the Bell - Microsoft, Dow, Yahoo in focus
Microsoft and Yahoo announce long-anticipated partnership to challenge Google's dominance in online search.
Microsoft and Yahoo announce long-anticipated partnership to challenge
Google's dominance in online search.
Tuesday, July 28, 2009
Stocks in focus for Wednesday
Among the companies whose shares are expected to see active trade in
Wednesday's session are Coca-Cola Enterprises, Hess, Time Warner and
Visa.
Stocks end mixed. Dow dips 12 points, and the S&P drops 0.3%, while the Nasdaq gains 0.4%.
Stocks end mixed. Dow dips 12 points, and the S&P drops 0.3%, while
the Nasdaq gains 0.4%.
Spotlight on Goldman as commodities hearings begin
Spotlight on Goldman as commodities hearings begin
Goldman Sachs, under fire for reaping record trading profits in the
teeth of the financial crisis, is now fighting to defend one of its
major sources of
revenue -- commodities trading -- as regulators consider setting
limits on Wall Street speculators.
CFTC CONSIDERING STRICT LIMITS IN ENERGY TRADING
Commodity Futures Trading Commission Chairman Gary Gensler says that
the futures market regulator "must seriously consider setting strict
position limits in the energy market."
OFFICE DEPOT POSTS WIDER-THAN-EXPECTED LOSS
Office Depot Inc. reports wider-than-expected second-quarter loss as
consumers and businesses cut purchases of computers, furniture and
other big-ticket items.
AMGEN REPORTS HIGHER EARNINGS, GLAXO DEAL
Amgen reports higher second-quarter earnings, due in part to a variety of
charges and gains taken during the quarter and in the same period the
previous year.
Stocks open lower as investors digest the latest reading on the housing market and await the next round of corporate results.
Stocks open lower as investors digest the latest reading on the
housing market and await the next round of corporate results.
Monday, July 27, 2009
Stocks in focus for Tuesday
Among the companies whose shares are expected to see active trade in
Tuesday's session are Coach, Deutsche Bank, Unisys and U.S. Steel.
Stocks edge up, with the Dow closing 15 points higher, and the Nasdaq and the S&P each drifting up a few points.
Stocks edge up, with the Dow closing 15 points higher, and the Nasdaq
and the S&P each drifting up a few points.
U.S. stock market plugged in to Treasury auctions
U.S. STOCK MARKET PLUGGED IN TO TREASURY AUCTIONS
The U.S. stock market will pay closer-than-usual attention this week as the
Treasury sells a record amount of government debt.
AETNA CUTS OUTLOOK FOR SECOND TIME IN TWO MONTHS
Aetna cuts its 2009 profit forecast for the second time in two months, as
rising medical costs sent the health insurer's net income for the second
quarter down 28%.
SHARES IN EUROPE ADVANCE AS EARNINGS EYED
European bourses advance on Monday, resuming a recent run of gains.
Sales of new homes jump 11% in June on top of May revision, U.S. data show
Sales of new homes jump 11% in June on top of May revision, U.S. data show
7/27/2009 10:03:49 AM EDT
Energy stocks retreat with broad indexes
Energy stocks slip in early action Monday despite gains by crude-oil
futures, with oil-service shares leading the modest losses.
Wall Street opens lower as latest round of quarterly results fails to impress investors. Dow, Nasdaq, S&P 500 all in the red.
Wall Street opens lower as latest round of quarterly results fails to
impress investors. Dow, Nasdaq, S&P 500 all in the red.
