Friday, March 27, 2009
FDIC takes over Omni National Bank of Atlanta in 21st bank failure of the year
FDIC takes over Omni National Bank of Atlanta in 21st bank failure of the year
3/27/2009 5:24:52 PM EDT
U.S. stocks finish in the red Friday; Dow industrials gain 6.8% on the week
U.S. stocks finish in the red Friday; Dow industrials gain 6.8% on the week
3/27/2009 4:05:30 PM EDT
U.S. STOCKS: Stocks Slide as Rally Fizzles...
| DOW............7776............-148.7 ........|
|
| NASDAQ .....1545..............-41.80.......|
|
| S & P 500......816.............-16.94.........|
|
| OIL......... 52.08.......-2.26.........-4.15%.|
Chinese central bank slams other nations' lack of regulation
Chinese central bank slams other nations' lack of regulation
A new statement by the People's Bank of China lambastes financial regulators
around the world for missing the warning signs leading up to the current crisis
and dismisses the notion that markets can regulate themselves.
CURRENCIES: DOLLAR UP; GERMAN WARNING PRESSURES EURO
A budget warning from Germany's finance minister pressures the euro Friday,
while the dollar gains ground versus most major rivals.
BARCLAYS REPORTEDLY WON'T NEED MORE CAPITAL; SHARES MOVE HIGHER
Shares in U.K. lender Barclays move sharply higher Friday after a report that
U.K. regulators believe the bank doesn't need any fresh capital.
U.S. consumer spending fades, with incomes lowest in nearly a year
U.S. consumer spending fades, with incomes lowest in nearly a year
3/27/2009 8:39:13 AM EDT
Dow industrials down more than 100 points at open; GM and Kraft are index's lone advancers
Dow industrials down more than 100 points at open; GM and Kraft are
index's lone advancers
3/27/2009 9:35:43 AM EDT
Thursday, March 26, 2009
U.S. STOCKS: Stocks on Track for Second Straight Gain
| DOW............7923........... +173.16........|
|
| NASDAQ .....1587..............+58.05........|
|
| S & P 500......833..............+18.86........|
|
| OIL................. 54.15.........+1.38...+2.61%.|
Mortgages rates fall to record lows; 30-year at 4.85%
Mortgages rates fall to record lows; 30-year at 4.85%
The average rate on 30-year fixed-rate mortgages hit a record low this
week, after the Federal Reserve announced it would purchase Treasury
securities over the next six months, Freddie Mac's chief economist
said onThursday.
GEITHNER UNVEILS NEW RULES FOR THE WALL STREET GAME
Treasury Secretary Timothy Geithner is expected to propose sweeping
new financial regulations during Congressional testimony Thursday,
including tougher government oversight of financial risk taking,
according to reports.
CHINA CENTRAL BANKER SEES GROWTH RECOVERY ON 'SUPERIOR SYSTEM'
People's Bank of China Governor Zhou Xiaochuan, in a week in which he
called for the abandonment of the dollar as the world's reserve
currency, says economic growth in China is recovering due to the
country's "superior system
advantage."
ECONOMIC REPORT: U.S. ONGOING JOBLESS CLAIMS RISE 122,000 TO RECORD 5.56 MILLION
The number of people collecting state unemployment benefits reaches
yet another new record, jumping 122,000 to a seasonally adjusted 5.56
million, Labor Department data show. First-time claims also tick
higher.
BEST BUY'S FORECAST EXCEEDS ESTIMATES, LIFTING STOCK
Investors cheer a rosier-than-expected forecast by the nation's
largest electronics retailer even after it posted 23% drop in its
quarterly profit.
Benchmark 30-year mortgage rate hits record-low 4.85%
Benchmark 30-year mortgage rate hits record-low 4.85%
3/26/2009 10:24:02 AM EDT
Energy: Energy sector makes broad early gains; Denbury shares jump
Energy stocks make early gains, playing off a drop in gasoline
supplies as well as average U.S. prices at the pump topping $2 a
gallon for the first time in months.
Fourth-quarter gross domestic product contracts at 6.3% pace, not as steep as expected
Fourth-quarter gross domestic product contracts at 6.3% pace, not as
steep as expected
3/26/2009 8:32:09 AM EDT
Nasdaq sets pace for early stock-index gains, up 1.8%; Dow rises 80 points
Nasdaq sets pace for early stock-index gains, up 1.8%; Dow rises 80 points
3/26/2009 9:41:02 AM EDT
Geithner to propose major regulatory reform Thursday: reports
Geithner to propose major regulatory reform Thursday: reports
3/25/2009 11:37:46 PM EDT
Wednesday, March 25, 2009
Dow industrials finish up 1% after stocks' day-end surge
Dow industrials finish up 1% after stocks' day-end surge
3/25/2009 4:04:38 PM EDT
Stocks Retreat as Econ Cheer Fades...
| DOW............7747............ +87.21..........|
|
| NASDAQ .....1529.............+12.43..........|
|
| S & P 500......814...............+7.84...........|
|
| OIL............... 52.90........... -1.08............|
Breaking News Wed., March 25, 2009
Air Force F-22A Fighter Jet Crashes Near Edwards Air Force Base;
Pilot's Condition Unknown [3:11 p.m. ET]
Economic reports may boost longevity of U.S. stock rally
Economic reports may boost longevity of U.S. stock rally
A surprising pickup in demand for big-ticket manufactured goods as well as the
unexpected rise in new home sales last month are among the rays of hope
delivered Wednesday for the troubled economy and the stock market -- and
analysts say the recent rise in oil prices also underscores the potential
durability of Wall Street's rally.
GEITHNER DETAILS PLAN FOR 'TOO BIG TO FAIL' COMPANIES
Treasury Secretary Timothy Geithner unveils legislation to give the Treasury
Department authority to seize control of any financial institution whose
collapse would threaten the U.S. economy.
ECONOMIC REPORT: DURABLE-GOODS ORDERS JUMP IN FEBRUARY, SURPRISING ECONOMISTS
Demand for machinery and other capital goods rises in February, driving orders
for durable goods up 3.4%, the Commerce Department reports.
ECONOMIC REPORT: NEW-HOME SALES REBOUND 4.7% IN FEBRUARY, FIRST GAIN SINCE JULY
Sales of new homes nationwide rebounded by 4.7% in February after hitting a
record low in the prior month, the Commerce Department reports.
U.K.'S BROWN DOWNPLAYS FISCAL RIFT, WARNS AGAINST PROTECTIONISM
British Prime Minister Gordon Brown warns that protectionism poses the biggest
risk to a recovery from a global economic downturn and downplays a warning from
his own nation's central bank over government spending.
U.S. new-home sales rise nearly 5% in February
U.S. new-home sales rise nearly 5% in February
3/25/2009 10:18:12 AM EDT
Breaking News: Durable goods orders jump after 7 months
Orders for long-lasting manufactured goods unexpectedly rebounded 3.4%
in February, news that could bring some cheer to an economy mired in
recession. It was the largest jump since Dec. 2007.
Tuesday, March 24, 2009
U.S. STOCKS: Dow Sheds Over 110 After Late Sell-Off
| DOW............7660............ -115.57..........|
|
| NASDAQ .....1518.............-37.60............|
|
| S & P 500......806...............-16.61..........|
|
| OIL............... 53.56........... -0.24............|
U.S. home prices rise for first time in 12 months
U.S. home prices rise for first time in 12 months
3/24/2009 10:52:16 AM EDT
Monday, March 23, 2009
Breaking News: Stocks soar on toxic-assets plan
NEW YORK (AP) - Investors reignited a two-week rally Monday, cheering
the government's plan to help banks remove bad assets from their books
as well as a report showing a surprising increase in home sales. Major
stock indicators jumped more than 6% including the Dow Jones
industrial average, which soared more than 475 points.
Breaking News Mon., March 23, 2009
Dow Up More Than 400 Points on News of Toxic Asset Plan and Higher
Home Sales [3:30 p.m. ET]
Breaking News Mon., March 23, 2009
Lance Armstrong Taken to Hospital After He Crashes at Cycling Event in
Spain [11:56 a.m. ET]
Measure of uncertainty remains elevated even as stocks rally
Measure of uncertainty remains elevated even as stocks rally
The stock market's latest bounce has the S&P 500 tallying its best three-day
winning streak since late November, yet the CBOE Volatility Index – which
measures uncertainty -- edges only slightly lower, signaling ongoing wariness
about the market's direction.
FINANCIAL STOCKS: BANKING STOCKS RALLY ON TREASURY PLAN FOR TOXIC ASSETS
The U.S. financial sector was set to open sharply higher after the Treasury
Department unveiled a long-awaited government plan to rid banks' balance sheets
of troubled assets and get credit flowing again.
TREASURY DETAILS PUBLIC-PRIVATE PLAN FOR BANKS' TOXIC ASSETS
The U.S. Treasury details a plan designed to help investors purchase $500
billion worth of toxic assets that remain on bank balance sheets and have left
lending largely frozen.
FUTURES MOVERS: OIL RALLIES AS TREASURY'S PLANS RAISE OPTIMISM
Crude-oil futures rally about 3% Monday to above $53 a barrel, pacing strong
gains in U.S. stock markets, as the Treasury's plans to relieve banks of toxic
assets raise hopes of an economic recovery and increased energy demand.
METALS STOCKS: GOLD FALLS AS TREASURY DETAILS TOXIC ASSETS PLAN
Gold futures fall Monday for a second straight session as the U.S. Treasury
details a plan designed to help the private sector buy $500 billion worth of
toxic assets, boosting investors' confidence and reducing the metal's
safe-haven appeal.
Banking stocks set to surge at open on toxic-assets plan
Banking stocks set to surge at open on toxic-assets plan
3/23/2009 9:08:06 AM EDT
Treasury says public-private program to have potential to buy $1 trillion in toxic assets
Treasury says public-private program to have potential to buy $1
trillion in toxic assets
3/23/2009 8:07:05 AM EDT
