Friday, April 10, 2009
FDIC takes over Cape Fear Bank of North Carolina in 22nd bank failure of the year
FDIC takes over Cape Fear Bank of North Carolina in 22nd bank failure
of the year
4/10/2009 5:24:52 PM EDT
Markets Friday, 04/10/2009
(Not Open)
| Dow : 8083.38 up 246.27 | S & P : 856.56 up 31.40 |
|
| NASDAQ: 1652.54 up 61.88 | Bond (10Y): 2.92%, 98.53 |
MARKETS:
Big rally on Wall Street
Wells Fargo's surprisingly upbeat forecast gives stocks a boost.
Market gains for fifth straight week.
Treasury says U.S. budget deficit reaches $957 billion in first six months of the fiscal year.
Treasury says U.S. budget deficit reaches $957 billion in first six
months of the fiscal year.
Breaking News Fri., April 10, 2009
Signs of Life Detected Beneath Rubble Four Days After Italy's Quake
[12:44 p.m. ET]
Investment managers more upbeat, turn to stocks: Northern Trust
Investment managers more upbeat, turn to stocks: Northern Trust
Institutional investment managers are feeling more upbeat about prospects for
the market, and they're putting more of their cash to work in stocks,
according to a quarterly survey by Northern Trust.
NIKKEI ENDS SHY OF 9,000, AS ASIAN MARKETS GAIN
Asian markets extend their rally Friday, with energy producers and
automakers leading the advance in the wake of U.S. stocks having
powered higher for a
fifth straight week.
JAPAN'S $154 BILLION STIMULUS EARNS MIXED GRADES
Japan's newest supplemental stimulus package, reported to total 15 trillion yen
($154 billion), is receiving mixed reviews from analysts, many of whom say it
bears shades of the bridges-to-nowhere packages of the 1990s that left the
nation saddled with debt.
CHINA PLACES LIMITS ON SENIOR EXECUTIVE PAY LEVELS
Beijing will limit the pay of senior executives at state-owned firms,
such as banks and insurance companies, as part of efforts to quell
public resentment at corporate high-fliers during the economic crisis.
China's March trade surplus widens to $18.6 billion, data show
China's trade surplus widens to $18.6 billion in March as exports
contact at a slower pace than imports, according to official data
released Friday.
Breaking News Fri., April 10, 2009
U.S. Captain Held Hostage by Pirates Attempted Escape, Was Quickly
Recaptured [7:08 a.m. ET]
Thursday, April 09, 2009
U.S. STOCKS: Stocks Rally After Wells Fargo Forecast
| DOW...........8083..........+246.27............|
|
| NASDAQ ....1653..........+61.88..............|
|
| S & P 500.....857...........+31.40.............|
|
| OIL........52.05 ....+2.86......+5.81%........|
March sales offer some hope that retail's worst may be over
March sales offer some hope that retail's worst may be over
Retailers' March sales results offered some glimmers of hope that the
industry may have endured the recession's worst.
ECONOMIC REPORT: INITIAL JOBLESS CLAIMS DIP; CONTINUING CLAIMS HIT NEW RECORD
First-time claims for state unemployment benefits dip a
seasonally-adjusted 20,000 to 654,000 in the week ended April 4,
reaching a level that is 83 higher than the same period in the prior
year, the Labor Department reports Thursday.
MIDDLE EAST GROUP REPORTEDLY EYES TEXTRON DEAL AT $21 A SHARE
Shares of Textron rally as a Kuwaiti newspaper reports a group of
United Arab Emirates companies and a Kuwaiti firm are interested in
buying the maker of Cessna jets and Bell helicopters.
JAPAN'S $154 BILLION STIMULUS EARNS MIXED GRADES
Japan's newest supplemental stimulus package, reported to total 15
trillion yen ($154 billion), is receiving mixed reviews from analysts,
many of whom say it
bears shades of the bridges-to-nowhere packages of the 1990s that left the
nation saddled with debt.
Wednesday, April 08, 2009
Hong Kong's Hang Seng Index jumps almost 2% at open, joining Asia rebound
Hong Kong's Hang Seng Index jumps almost 2% at open, joining Asia rebound
4/8/2009 10:05:27 PM EDT
Japan's Nikkei rebounds almost 2% in early trade
Japan's Nikkei rebounds almost 2% in early trade
4/8/2009 8:34:36 PM EDT
U.S. STOCKS: Stocks Eke Out a Gain
| DOW...........7837..........+47.63..........|
|
| NASDAQ ....1591..........+29.05..........|
|
| S & P 500.....825...........+9.58...........|
|
| OIL...49.94 ....+0.79........+1.60%.......|
Breaking News Wed., April 8, 2009
Captain of Pirated U.S. Ship Still Held Hostage, Negotiations Ongoing
AP Reports [2:13 p.m. ET]
Breaking news: U.S. retakes hijacked ship
The Associated Press: A U.S. official reports that the crew of an
American-flagged vessel hijacked off the coast of Somalia has retaken
control of the ship and has one pirate in custody.
SEC OKs effort to limit short sales
SEC OKs effort to limit short sales
Under pressure from lawmakers and financial institutions, the
Securities andExchange Commission aired five different proposals for
reinstating the uptick rule, a provision that would limit short
selling.
BOND REPORT: TREASURYS HOLD GAINS AS FED COMES BACK INTO MARKET
Treasury prices find support ahead of expected purchases of debt by
the Federal Reserve during the session.
FINANCIAL STOCKS: LIFE INSURANCE STOCKS RALLY ON REPORT TREASURY WILL AID SECTOR
Shares of U.S. life insurers rally after a published report said the Treasury
Department has decided to extend bailout funds to several struggling
companies in the sector.
BEYOND ALCOA'S LOSS, ANALYSTS SEE SIGNS OF STRONGER COMPANY
Shares of Alcoa recover from early weakness as investors look beyond the
company's wider-than-forecast loss for the first quarter. Merrill Lynch
analysts find reasons to be optimistic about the outlook for the blue-chip
aluminum fabricator.
PULTE AND CENTEX TO MERGE IN DEAL CREATING TOP U.S. HOME BUILDER
Pulte Homes on Wednesday says it's buying Centex in an all-stock deal
that will create the largest U.S. home builder.
Energy: Crude declines as API reports big rise in supplies
NEW YORK
Oil futures fell Wednesday for a fourth straight session, marking
their biggest losing streak in two months after the American Petroleum
Institute reported a large increase in crude inventories.
Breaking News Wed., April 8, 2009
Iran Charges Detained U.S. Journalist With Espionage, Iranian News
Agency Reports [8:28 a.m. ET]
Tuesday, April 07, 2009
U.S. STOCKS: Stocks Fall 2% as Earnings Fears Simmer
| DOW...........7790...........-186.29........|
|
| NASDAQ ....1562...........-45.10..........|
|
| S & P 500......816...........-19.94.........|
|
| OIL...49.05 ....-2.00........-3.91%.........|
Bank of Japan expands collateral for loans
Bank of Japan expands collateral for loans
The Bank of Japan's policy board takes additional measures to help the
flagging economy, expanding collateral that can be used for loans but
warning that economic conditions will continue to deteriorate.
EARNINGS OUTLOOK: ALCOA SEEN KICKING OFF EARNINGS WITH BIG LOSS
Aluminum giant Alcoa Inc. on Tuesday will be the first Dow component
to deliver quarterly results this earnings season, with Wall Street
girding for another big loss as a precursor to what's expected to be a
tough slew of corporate reports.
THE FED: PANIC TEARS AT THE HEART OF THE SYSTEM, WARSH SAYS
Economic policymakers have had to act forcefully to stem the Panic of
2008, but it's not always clear whether their actions have helped or
hurt, a top Federal Reserve official says.
ECONOMIC REPORT: EURO ZONE'S FOURTH-QUARTER CONTRACTION WORSE THAN THOUGHT
The euro-zone economy's record contraction in the final three months
of 2008 runs deeper than previously thought, statistics agency
Eurostat says.
Breaking News: Obama lands in Baghdad
BAGHDAD - President Obama made a surprise visit to Iraq Tuesday on his
way home from his first trans-Atlantic trip.
Dow industrials down more than 100 points as U.S. stocks skid at the open
Dow industrials down more than 100 points as U.S. stocks skid at the open
4/7/2009 9:34:29 AM EDT
Energy: Oil futures fall on expectations of rising supplies
Oil futures fall Tuesday for a third-straight session on expectations
that U.S. crude inventories rose last week and that first-quarter
earnings will underscore the depth of the economic downturn.
Monday, April 06, 2009
Gold below $870 on possible IMF gold sales....
Gold falls below $870 on possible IMF gold sales, rising dollar
Gold futures fall for a third straight session to below $870 an ounce,
wiping out their yearly gains as traders shaved positions on worries
that the 403 tons of gold sales by the International Monetary Fund
will increase supply and depress gold prices.
Dow industrials finish lower for first time in 5 sessions
Dow industrials finish lower for first time in 5 sessions
4/6/2009 4:04:23 PM EDT
U.S. STOCKS: Stocks Fall on Worries About Banks, Tech Deal
| DOW..........7974.............-43.17 ........|
|
| NASDAQ .....1607...........-15.16.........|
|
| S & P 500......835............-7.14..........|
|
| OIL...51.11....-1.40........-2.66%..........|
Energy: Equities in Toronto decline for second session
Canadian equities fall for a second session, tracking losses on Wall
Street, as disappointing economic data and falling commodity prices
sour investor sentiment.
Sunday, April 05, 2009
Hang Seng jumps over 3%, China H shares up over 4% in early action
Hang Seng jumps over 3%, China H shares up over 4% in early action
4/5/2009 10:22:41 PM EDT
