Saturday, August 08, 2009
Breaking News Sat., August 8, 2009
Sonia Sotomayor Sworn In as First Hispanic Supreme Court Justice [11:02 a.m. ET]
Friday, August 07, 2009
Regulators shut 2 Florida banks; 71 failures tallied in '09
Regulators shut 2 Florida banks; 71 failures tallied in '09
8/7/2009 6:34:24 PM EDT
Markets Friday, 08/7/2009
DOW
9,370.07
+113.81
+1.23%
NASDAQ
2,000.25
+27.09
+1.37%
S&P
1,010.48
+13.40
+1.34%
10YR
94 3/32
-27/32
Yield: 3.85%
5:16 PM ET, 8/7/2009
Dow industrials gain 114 points Friday to close week at highest level of year
Dow industrials gain 114 points Friday to close week at highest level of year
8/7/2009 4:09:22 PM EDT
Report: Job losses moderate in July
Job losses moderate in July
Job losses slow in July to the lowest total since August as the
unemployment rate unexpectedly falls back to 9.4%, the Labor
Department estimates.
HOPEFUL SIGNS FOR JOB SEEKERS, COLLEGE GRADS
If you think the nation's unemployment rate is high -- hovering at
close to 10%-- consider this: Experts say that in some colleges, close
to 50% of the
graduates of the class of '09 still don't have full-time jobs they can call
their own.
SOME SEE U.S. ECONOMIC RECOVERY FLAGGING NEXT YEAR
Private-sector economists from Goldman Sachs, J.P. Morgan, Barclays
and other banks are at odds over whether U.S. economic growth will
cool in 2010 after a
widely expected recovery later this year. If the pessimists are right, both
stocks and employers risk catching a chill.
FRIDAY'S BIGGEST GAINING AND DECLINING STOCKS
Among shares trading actively on Friday are AIG, CBS, Fannie Mae, PMI
and VeriSign.
MORTGAGE RATES SKIRT FANNIE, FREDDIE DEBATE
Heightened public debate over what the U.S. government will ultimately
do with mortgage giants Fannie Mae and Freddie Mac, has the mortgage
market on alert.
Energy: Energy stocks edge higher on U.S. jobs report
Oil and gas stocks get a modest boost from a buoyant stock market as
investors reacted to a surprise drop in the U.S. July unemployment
rate, an encouraging sign for energy demand.
U.S. stocks rally at Friday's open; Dow industrials jump as much as 103 points
U.S. stocks rally at Friday's open; Dow industrials jump as much as 103 points
8/7/2009 9:45:02 AM EDT
Breaking News: Jobless rate falls to 9.4%; sign recession ending
Payrolls dropped by just 247,000 while the jobless rate fell to 9.4%,
giving signs that the recession ending.
Thursday, August 06, 2009
Breaking News Thu., August 6, 2009
Congress Passes $2 Billion Infusion of Funds for 'Cash for Clunkers'
Program [8:14 p.m. ET]
Markets Thursday, 08/6/2009
DOW 9,256.26
-24.71
-0.27%
NASDAQ
1,973.16
-19.89
-1.00%
S&P
997.08
-5.64
-0.56%
10YR
94 26/32
-3/32
Yield: 3.74%
5:16 PM ET, 8/6/2009
U.S. stocks close lower as investors turn attention to Friday's payrolls report
U.S. stocks close lower as investors turn attention to Friday's payrolls report
8/6/2009 4:03:57 PM EDT
Breaking News: Sotomayor confirmed to the Supreme Court
The Senate has confirmed Sonia Sotomayor to the Supreme Court by a
vote of 68-31 as the first Latina Supreme Court justice in U.S.
history.
AIG rallies as financial sector see-saws
AIG rallies as financial sector see-saws
Early gains in U.S. financial stocks wilt as the morning wears on,
while shares of American International Group build on their recent
rally.
FINANCIALS FRONT ADVANCE FOR EUROPE STOCKS
Hopes that beleaguered financials are past the worst and a surprise
move by the.Bank of England to expand a program to purchase assets
sent Europe stocks
higher on Thursday.
MOST ASIAN MARKETS REBOUND, SHANGHAI EXTENDS FALL
Asian shares ended mostly higher Thursday, though Chinese stocks
tumbled on.persistent worries Beijing may tighten monetary policy to
prevent asset
bubbles.
LESSONS OF 2009'S TWO STOCK MARKETS
The stock market's recent joyful buoyancy fits well with summer
vacation. How long it lasts remains to be seen. But meanwhile we can
take the trouble to learn what makes it tick.
DON'T SIMPLY ACCEPT HIGHER FEES, COSTS
"The key is cost avoidance." That's what Don Blandin, chief executive
of the Investor Protection Trust, said to me once. It's a phrase that
captures so much of what I try to teach.
U.S. stocks rise early Thursday; AIG again stands out, surging a further 30%
U.S. stocks rise early Thursday; AIG again stands out, surging a further 30%
8/6/2009 9:41:49 AM EDT
Energy: Oil edges lower, pressured by dollar strength
Oil futures fell on Thursday, as dollar strength weighed on market
sentiment and overshadowed data showing a decline in jobless claims.
Number of people filing first-time unemployment claims fell 38,000 last week to 550,000, U.S. says.
Number of people filing first-time unemployment claims fell 38,000
last week to 550,000, U.S. says.
Wednesday, August 05, 2009
Breaking News Wed., August 5, 2009
Senate Reaches Deal to Vote on Plan to Add $2 Billion to Weakened
'Cash for Clunkers' Program [9:45 p.m. ET]
Markets Wednesday, 08/5/2009
DOW
9,280.97
-39.22
-0.42%
NASDAQ
1,993.05
-18.26
-0.91%
S&P
1,002.72
-2.93
-0.29%
10YR
94 29/32
-28/32
Yield: 3.74%
5:16 PM ET, 8/5/2009
Stocks slide, with the Dow ending about 40 points lower, as investors remain wary about a jobs recovery.
Stocks slide, with the Dow ending about 40 points lower, as investors
remain wary about a jobs recovery.
Top-rated manager quits FBR Focus mutual fund
Top-rated manager quits FBR Focus mutual fund
Charles Akre, who owns a vaunted five-star rating from Morningstar,
will quit FBR and plans to launch his own fund.
CAPS ON ENERGY SPECULATORS COULD HIT ETFS
A possible U.S. regulatory clampdown on big energy speculators could
also hit exchange-traded funds backed by commodities, making it harder
for investors of all sizes to buy new shares and forcing fundamental
changes to the way they do business.
SMALL FUNDS BEATING LARGER RIVALS
While their names may not be familiar to many
investors, there were some stock mutual-funds that delivered stellar
returns over the past year.
CITADEL TO REDEEM SOME MONEY IN OCTOBER
Citadel plans to return some money to investors in October, a sign the
redemption freeze in the $1.4 trillion hedge-fund industry is thawing.
U.S. STOCKS SETS HIGHER BAR FOR THIRD QUARTER
With the U.S. stock market's recent rise coming on the heels of
better-than-expected earnings results, investors are looking to the third
quarter with raised expectations that could be difficult to meet.
Blue-chip stocks lead early retreat; Nasdaq struggles for razor-thin rise
Blue-chip stocks lead early retreat; Nasdaq struggles for razor-thin rise
8/5/2009 9:40:54 AM EDT
Private-sector employment fell 371,000 in July - the smallest monthly decline since October, says payroll services firm ADP.
Private-sector employment fell 371,000 in July - the smallest monthly
decline since October, says payroll services firm ADP.
Breaking News: Detained journalists land in U.S.
The plane carrying Euna Lee and Laura Ling, U.S. journalists freed by
North Korea, and former President Bill Clinton has landed in
California.
Breaking News Wed., August 5, 2009
Plane Carrying Freed Journalists Arrives in California [8:50 a.m. ET]
U.S. ADP employment index falls 371,000 in July
U.S. ADP employment index falls 371,000 in July
8/5/2009 8:20:53 AM EDT
Tuesday, August 04, 2009
Breaking News Tue., August 4, 2009
Four Are Dead After Gunman Opens Fire at a Bridgeville, Pa. Health
Club 9:48 PM EST]
Breaking News Tue., August 4, 2009
Bill Clinton's Spokesman Confirms He Has Left North Korea With
Pardoned U.S. Journalists [7:35 p.m.]
Markets Tuesday, 08/4/2009
DOW
9,320.19
+33.63
+0.36%
NASDAQ
2,011.31
+2.70
+0.13%
S&P
1,005.65
+3.02
+0.30%
10YR
95 25/32
-1/32
Yield: 3.63%
5:16 PM ET, 8/4/2009
Stocks struggle but manage to close in the black, with the Dow gaining more than 30 points to hit a fresh 9-month high.
Stocks struggle but manage to close in the black, with the Dow gaining
more than 30 points to hit a fresh 9-month high.
Breaking News Tue., August 4, 2009
North Korea Says 2 Detained U.S. Journalists Are Pardoned
[3:16 p.m.]
Pending home sales rise for fifth straight month, first time in nearly 6 years, Realtors' group says.
Pending home sales rise for fifth straight month, first time in nearly
6 years, Realtors' group says.
Pending home sales rise for fifth straight month, first time in nearly 6 years, Realtors' group says.
Pending home sales rise for fifth straight month, first time in nearly
6 years, Realtors' group says.
Stocks start lower as investors pause from their recent buying spree. Dow slips 20 points, Nasdaq drops 0.6%, S&P eases below 1,000.
Stocks start lower as investors pause from their recent buying spree.
Dow slips 20 points, Nasdaq drops 0.6%, S&P eases below 1,000.
Monday, August 03, 2009
Markets Monday, 08/3/2009
DOW
9,286.56
+114.95
+1.25%
NASDAQ
2,008.61
+30.11
+1.52%
S&P
1,002.63
+15.15
+1.53%
10YR
95 27/32
-1 6/32
Yield: 3.63%
5:16 PM ET, 8/3/2009
Stocks rally to new highs, with S&P 500 ...
Stocks rally to new highs, with S&P 500 topping 1,000 for the first
time since November, amid positive sentiment about the economy.
European shares post sharp gains as banks advance
European shares post sharp gains as banks advance
European shares climb, with banks some of the strongest performers after
reports that UBS may avoid a fine from the U.S. and following earnings
from HSBC Holdings and Barclays.
HSBC, BARCLAYS HELP FTSE 100 BACK TO OCTOBER LEVEL
London shares gain on Monday, boosted by earnings-related gains from
banking giant HSBC and rival Barclays.
SHANGHAI STOCKS JUMP ON DATA, AGAIN LEADING ASIA
Asian markets end mostly higher Monday, with resource and shipping
shares jumping in line with commodity prices.
CASH FOR CLUNKERS DRIVES FORD SALES HIGHER
Ford Motor Co. on Monday thanked the popular Cash
for Clunkers program for triggering a wave of buyers and helping the
automaker deliver its first sales increase in almost two years.
MANUFACTURING SECTOR REVVING UP WORLDWIDE
Across the globe, manufacturing firms are digging out from the worst
recession in a lifetime, according to purchasing managers surveys
recently released.
Manufacturing activity improves markedly in July, even as it continues to contract, says purchasing managers' group.
Manufacturing activity improves markedly in July, even as it continues
to contract, says purchasing managers' group.
Stock rally accelerates on strong manufacturing report. Dow jumps more than 110 points, Nasdaq and S&P 500 both gain more than 1%.
Stock rally accelerates on strong manufacturing report. Dow jumps more
than 110 points, Nasdaq and S&P 500 both gain more than 1%.
