Friday, April 03, 2009
U.S. STOCKS: Stocks Close Out this Week on Positive Note.
| DOW............8018...........+39.51 ........|
|
| NASDAQ .....1622...........+19.24.........|
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| S & P 500......843............+8.12...........|
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| OIL...52.51....-0.13........-0.24%..........|
Breaking News: Gunman kills at least 12 in N.Y.
ALBANY, N.Y. (AP) - New York Gov. David Paterson confirms that "12 or
13" people were killed by a gunman in Binghamton, N.Y.
Replacements mulled for Dow industrials if GM dropped
Replacements mulled for Dow industrials if GM dropped
With General Motors Corp. possibly headed into government-sponsored
bankruptcy,the auto maker's standing as one of 30 members of an
exclusive club -- the Dow
Jones Industrial Average -- is now viewed as shaky. Goldman Sachs
Group Inc. is among the picks of analysts weighing in on likely
replacements.
RIM SHARES NEAR SIX-MONTH HIGH ON STRONG RESULTS, FORECAST
Shares of Research In Motion soar to their highest level in nearly six
months. after the wireless-device maker reported strong fourth-quarter
earnings growth and issued a better-than-expected forecast.
CURRENCIES: DOLLAR BOUNCES AS JOB LOSSES NOT AS BAD AS SEEN
The U.S. dollar gains ground versus the euro after a government report
says the economy lost fewer jobs last month than economists expected,
relieving concerns the economy's downturn is accelerating.
COMMODITIES CORNER: NATURAL GAS SAYS GOODBYE TO $10 FOR THE 'FORESEEABLE FUTURE'
Natural-gas prices have had quite an unimpressive run in the last six
months and the situation may get worse despite the steep declines in
overall drilling and production.
CHINA EXPORTERS POTENTIAL BENEFICIARIES OF G20 PLAN
HONG KONG
-China's exporters could be among the winners from a
plan to bolster the International Monetary Funds' war chest, as agreed
at the G20 meeting in London this week, with the funding seen as key
in reviving demand among some of the fastest-growing consumers of
Chinese goods.
Breaking News: Jobless rate jumps to 8.5%
The nation's unemployment rate jumped to 8.5 percent in March, the
highest since late 1983, as a wide range of employers eliminated a net
total of 663,000 jobs.
Energy: Oil futures edge lower after jobs data as expected
Oil futures edged lower Friday, but remained on track for a strong
week of gains, after news that another 663,000 jobs were lost in March
somewhat curbed the previous session's optimism about a U.S. and a
global economic recovery.
Breaking News Thu., April 2, 2009
Senate Votes 55-43 to Approve Democrats' $3.5 Trillion 2010 Budget
Plan [11:59 PM EST]
Thursday, April 02, 2009
Energy: House approves $3.55 trillion budget plan
House lawmakers approve a $3.55 trillion budget resolution for fiscal
2010, handing President Barack Obama a victory on his spending and tax
priorities.
Breaking News: Blagojevich indicted
CHICAGO (AP) - Former Illinois Gov. Rod Blagojevich has been indicted
on charges he engaged in a "wide-ranging scheme to deprive the people
of Illinois of honest government." A federal grand jury handed down
the 19-count indictment against Blagojevich, his brother, two former
aides and two businessmen on Thursday. It accuses Blagojevich of
corruption involving billions of dollars in state pension bonds.
U.S. STOCKS: Wall Street Soars on Accounting Changes
| DOW............7978...........+216.24 ........|
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| NASDAQ .....1603...........+51.03...........|
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| S & P 500......834............+23.23..........|
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| OIL...52.40....+4.01...........+8.28%........|
Breaking News Thu., April 2, 2009
G-20 Leaders Will Inject $5 Trillion Into Global Economy, Says Prime
Minister Gordon Brown [11:44 a.m. ET]
European stocks post second-biggest advance of the year
European stocks post second-biggest advance of the year
4/2/2009 11:57:24 AM EDT
G20 agrees on IMF boost, tax-haven crackdown: Brown
G20 agrees on IMF boost, tax-haven crackdown: Brown
Leaders of the Group of 20 nations agreed to provide a total of $1
trillion in resources to the International Monetary Fund and other
international institutions in an effort to confront a deep global
economic downturn, British Prime Minister Gordon Brown said Thursday.
FASB APPROVES MORE MARK-TO-MARKET FLEXIBILITY
Responding to pressure applied by lawmakers on Capitol Hill, the
Financial Accounting Standards Board on Thursday vote to give auditors
more flexibility in valuing illiquid mortgage assets that may have
long-term value.
US STOCKS GAIN; DJIA RISES ABOVE 8000
U.S. stocks raced higher Thursday, fueled by a reprieve from
accounting rules that force banks to value soured credit bets based on
the most recent trades. At around 11:30 a.m. EDT, the Dow Jones
Industrial Average was higher by more than 274 points, or 3.5%,
climbing over the 8000 mark for the first time since
Feb. 10. The S&P 500-stock index climbed 3.7%, and the Nasdaq
Composite Index jumped 4.2%. Bank stocks rallied as the Financial
Accounting Standards Board voted to relax fair-value accounting rules,
giving auditors more flexibility in valuing illiquid assets. Citigroup
shares rose 6.3%, Bank of America gained 7%, and J.P.
FUTURES MOVERS: OIL FUTURES SOAR NEARLY 8% ON G20 STEPS, ECB RATE CUT
Oil futures rally nearly 8% after the Group of 20 agrees to provide a
total of $1 trillion to the International Monetary Fund and other
institutions in a move to drag the global economy out of the severe
recession, sparking hopes of a swift recovery in energy demand.
CURRENCIES: EURO SOARS AFTER ECB CUTS RATES BY LESS THAN EXPECTED
The euro soars against the U.S. dollar Thursday after the European
Central Bank cuts its benchmark interest rate by only 25 basis points,
surprising markets. which had expected a bigger reduction.
U.S. mortgage rates move to new record lows
U.S. mortgage rates move to new record lows
4/2/2009 10:27:03 AM EDT
U.S. factory orders rise for first time in seven months
U.S. factory orders rise for first time in seven months
4/2/2009 10:01:41 AM EDT
Energy: Oil futures soar after ECB cuts rates less than expected
Oil futures soared Thursday after the European Central Bank surprised
markets by cutting interest rates less than expected, triggering a
slump in the U.S. dollar and a rally in the euro.
Breaking News Thu., April 2, 2009
Continuing Unemployment Claims Hit Record 5.7M, New Weekly Claims Jump
to 669,000 [8:38 a.m. ET]
Ongoing jobless claims hit fresh record at 5.73 million, U.S. weekly data show
Ongoing jobless claims hit fresh record at 5.73 million, U.S. weekly data show
4/2/2009 8:32:42 AM EDT
European Central Bank cuts key rate to 1.25% -- smaller than expected
European Central Bank cuts key rate to 1.25% -- smaller than expected
4/2/2009 7:46:58 AM EDT
Wednesday, April 01, 2009
U.S. STOCKS: Stocks Rally on Housing News, Short-Covers
| DOW............7762...........+152.68 ........|
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| NASDAQ .....1552...........+23.01...........|
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| S & P 500......811............+13.21..........|
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| OIL......... 48.41...............-1.25.........-2.51%.|
U.S. factory index shows modest improvement in March
U.S. factory index shows modest improvement in March
Despite some improvement in new orders, the U.S. industrial sector contracts
for the 14th consecutive month in March, the Institute for Supply Management
reports.
ECONOMIC REPORT: PRIVATE SECTOR CUTS 742,000 JOBS IN MARCH, ADP SAYS
The U.S. labor market worsens again in March, as private-sector firms cut
742,000 jobs, signaling another terrible employment report on Friday, according
to the ADP employment index.
MOST ASIA SHARES UP; NIKKEI IGNORES TANKAN TO JUMP
Most Asian markets advance Wednesday after a roller-coaster ride, with Japanese
shares jumping as the yen's recent weakness and overnight gains on Wall Street
lift exporters and financial shares on the first day of a new financial year.
G20 DISAGREEMENTS 'VASTLY OVERSTATED,' OBAMA SAYS
Disputes over government spending and overhauling financial regulations have
been overstated and won't stand in the way of significant action by the Group
of 20 to deal with the worst economic crisis since World War II, President
Barack Obama says at a news conference.
CHINA'S MANUFACTURING DOWN IN MARCH BUT OFF LOWS, DATA SHOW
The business environment for Chinese manufacturers continues to deteriorate at
a quick pace, though the drop in March is less severe than in preceding months.
Private-sector payrolls drop greater-than-forecast 742,000 in March, ADP survey shows
Private-sector payrolls drop greater-than-forecast 742,000 in March,
ADP survey shows
4/1/2009 8:16:29 AM EDT
Tuesday, March 31, 2009
Dow finishes day up 1%, posts best monthly gain in more than six years
Dow finishes day up 1%, posts best monthly gain in more than six years
3/31/2009 4:07:06 PM EDT
STOCKS: March Out Like a Lion as Tech, Banks Surge
| DOW............7604...........+82.20 ........|
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| NASDAQ .....1529...........+26.79.........|
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| S & P 500......798............+10.3 .........|
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| OIL......... 49.06...............+0.65.........+1.34%.|
Dow industrials up 200 points with financials pacing gains
Dow industrials up 200 points with financials pacing gains
3/31/2009 2:54:06 PM EDT
Dow industrials up 100 points
Dow industrials up 100 points
3/31/2009 10:36:21 AM EDT
Consumer confidence up from record low; job worries persist
Consumer confidence up from record low; job worries persist
Consumer confidence ticks up in March from a record low in February as
severe worries about the economy and jobs in coming months slightly
ease, according to the monthly Conference Board index reports.
ECONOMIC REPORT: HOME VALUES SINK AT RECORD PACE IN JANUARY
Home values in 20 major U.S. cities fall at the fastest rate on record
in January and are now down a record 19% in the 12 months ending in
January, Standard & Poor's reports.
ECONOMIC REPORT: GLOBAL ECONOMY TO SHRINK IN 2009, WORLD BANK SAYS
The global economy is expected to contract in 2009 for the first time
since World War II and the recovery next year is likely to be very
fragile, the World Bank said Tuesday in its latest economic outlook.
GLOBAL EQUITIES STRUGGLE AS INVESTORS AWAIT A U.S.-LED RECOVERY
International fund investors who have suffered substantial losses
recently and are looking for a bounce-back need to keep a close eye on
the U.S. That's
because in the view of fund managers an international recovery will
get under way only once the U.S. economy stops its fall.
Nasdaq's the pacesetter as U.S. benchmarks sprint to 1% early gains
Nasdaq's the pacesetter as U.S. benchmarks sprint to 1% early gains
3/31/2009 9:32:12 AM EDT
U.S. home prices down a record 19% for year through January, Case-Shiller data show
U.S. home prices down a record 19% for year through January,
Case-Shiller data show
3/31/2009 9:03:22 AM EDT
U.S. consumers remain in the doldrums, Conference Board's sentiment index shows
U.S. consumers remain in the doldrums, Conference Board's sentiment index shows
3/31/2009 10:01:40 AM EDT
Monday, March 30, 2009
U.S. STOCKS: Dow Down Over 250...
| DOW............7522............-254.16 ........|
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| NASDAQ .....1502..............-43.40.........|
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| S & P 500......788.............-28.38 .........|
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| OIL......... 48.54.......-3,84.........-7.33%.|
Chrysler reaches deal for alliance with Fiat
Chrysler reaches deal for alliance with Fiat
3/30/2009 12:33:52 PM EDT
Obama says U.S. won't let auto industry 'vanish'
Obama says U.S. won't let auto industry 'vanish'
President Obama says his administration won't let the struggling U.S.
auto industry 'simply vanish,' as shares of General Motors fall about
25% after the White House says bankruptcy may be an option for both GM
and Chrysler.
G20 STEERS AWAY FROM NEW STIMULUS PLEDGE
Hopes for a coordinated agreement on a new stimulus plan to help
revive the. global economy at this week's G20 summit appear diminished
ahead of the formal start of the meeting, according to reports.
FIAT NOW IN DRIVER'S SEAT IN CHRYSLER ACQUISITION
DETROIT
The future of Chrysler LLC seems irretrievably tied to
an Italian company boasting its own turnaround success after flirting
with disaster earlier in the decade. Fiat has been reborn with a knack
for producing cool, small cars; its desire to return to the U.S.
market after a 20-year break marks the best, perhaps only, hope for
Chrysler. The planned Fiat-Chrysler. alliance outlined in January may
have been given a "fail" by the U.S. auto task force, but the
companies at least can resit the exam in 30 days.
CORPORATE INVESTMENT-GRADE BOND VOLUME SURGES
Corporate investment-grade bond volume reached a record $824.4 billion
in the first quarter of 2009, more than double the volume of the same
quarter a year ago, according to an industry report released Monday.
Dow industrials down 300 points
Dow industrials down 300 points
3/30/2009 11:33:34 AM EDT
Breaking News Mon., March 30, 2009
Obama Demands 'Painful Concessions' From U.S. Auto Industry as the
Price for Its Survival [11:29 a.m. ET]
Breaking News Mon., March 30, 2009
Dow Dives 200+ Points on News of Obama Administration's Actions on
Auto Industry [10:24 a.m. ET]
Sunday, March 29, 2009
Breaking News Sun., March 29, 2009
GM Chief Rick Wagoner to Resign, reports said.
