Friday, August 28, 2009
Markets Friday, 08/28/2009
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| Dow : 9544.20 down 36.43 | S & P : 1028.93 down 2.05 |
| NASDAQ: 2028.77 up 1.04 | Bond (10Y): 3.45%, 101.44 |
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MARKETS:
Stock rally fizzles
Intel's improved sales forecast and Dell's profit surprise encourage
tech investors, but stocks struggle one day after the Dow, S&P 500 and
Nasdaq hit fresh 2009 highs.
Wall Street ends its week on a downer. Dow breaks 8-day winning streak as investors back off from a strong summer advance.
Wall Street ends its week on a downer. Dow breaks 8-day winning streak
as investors back off from a strong summer advance.
Breaking News Fri., August 28, 2009
The Drugs Propofol and Lorazepam Caused Michael Jackson's Death, L.A.
Coroner Confirms in Final Report [2:40 p.m. ET]
AIG, Fannie, Freddie shares have tripled in August
AIG QUESTIONS REMAIN DESPITE BIG RUN-UP
Despite outsized gains for American International Group Inc.'s common stock in
recent weeks, the performance of its debentures and preferred stock suggest
that more sophisticated investors are unsure about its future, according to a
Dow Jones Newswires report.
CHINA BANK LENDING REPORTED SINKING IN AUGUST
Chinese banks continue to slow their lending in August, according to reported
estimates, with concern of tighter credit conditions helping send shares in
Shanghai and Hong Kong lower.
GOLD AT $960 AS DOLLAR SLIPS; COPPER, SILVER RALLY
Gold futures reclaim $960 an ounce while the copper and silver contracts both
rally more than 3%.
FDIC'S 'PROBLEM LIST' OF TROUBLED BANKS TOPS 400
The Federal Deposit Insurance Corp. says more lenders ran into financial
trouble during the second quarter as the recession continued to saddle banks
with soured loans.
Energy: Energy stocks' early rally fades
An opening rally staged by oil and gas stocks quickly fades as the
broader equities market turns mixed and crude-oil prices slip back
below $73 a barrel.
U.S. consumer spending up 0.2% in July; personal income, inflation are flat
U.S. consumer spending up 0.2% in July; personal income, inflation are flat
8/28/2009 8:33:06 AM EDT
Intel hikes third-quarter revenue outlook, in a sign that PC sales may be picking up. Shares rise more than 4% before trading opens.
Intel hikes third-quarter revenue outlook, in a sign that PC sales may
be picking up. Shares rise more than 4% before trading opens.
Stocks open higher with tech shares getting a boost after Intel hikes its sales outlook. Nasdaq jumps more than 1%.
Stocks open higher with tech shares getting a boost after Intel hikes
its sales outlook. Nasdaq jumps more than 1%.
Thursday, August 27, 2009
Markets Thursday, 08/27/2009
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| Dow : 9580.63 up 37.11 | S & P : 1030.98 up 2.86
| NASDAQ: 2027.73 up 3.30 | Bond (10Y): 3.45%, 101.41
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MARKETS:
Dow makes it 8: Best win streak since April '07
Wall Street closes at fresh 2009 highs, with blue chip average
managing longest winning streak in nearly 2-1/2 years.
Dow closes up for 8th straight session - longest winning steak since April 2007. Dell...
Dow closes up for 8th straight session - longest winning steak since
April 2007. Dell reports early, beats estimates, stock up 7%.
FDIC's 'problem list' of troubled banks tops 400
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FDIC's 'problem list' of troubled banks tops 400
FDIC OKS RULES EASING BANK BUYS BY PRIVATE EQUITY
The Federal Deposit Insurance Corp. eased the way Wednesday for
private-equity firms to buy failed banks through the FDIC.
EXPECT BANKS TO BE HIT WITH MAJOR NEW FEES
The manner in which five banks collapsed on Friday, costing the
resource-stretched Federal Deposit Insurance Corp. roughly $3.7 billion, is
raising concerns about the agency's depleted insurance fund used to
protect depositors.
FINANCIALS TRADE LOWER; CITI, AIG DRAW ATTENTION
Shares of former blue chips Citigroup and AIG draw early scrutiny.
U.S. STOCK MARKET SHRUGGING OFF GOOD NEWS FOR NOW
The U.S. stock market on Thursday continues a recent pattern of shrugging off
good news, with moves in China and falling oil furthering worries about a
recovery, with positive data seen as already factored into the market.
Stocks open mixed after government reports show drop in initial jobless claims and a revision of GDP that matches earlier estimate.
Stocks open mixed after government reports show drop in initial
jobless claims and a revision of GDP that matches earlier estimate.
FDIC says the number of 'problem' banks rises to 416 - a 15-year high. Deposit Insurance Fund dips to $10.4 billion.
FDIC says the number of 'problem' banks rises to 416 - a 15-year high.
Deposit Insurance Fund dips to $10.4 billion.
Wednesday, August 26, 2009
Markets Wednesday, 08/26/2009
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| Dow : 9543.52 up 4.23 | S & P : 1028.12 up 0.12 |
| NASDAQ: 2024.43 up 0.20 | Bond (10Y): 3.43%, 101.59
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MARKETS:
Stocks eke out new highs
The Dow just manages to stretch its win streak to 7 sessions in a
choppy day. New home sales rise more than expected
Stocks close just above the break-even mark as Dow extends winning streak to 7 days.
Stocks close just above the break-even mark as Dow extends winning
streak to 7 days.
Kennedy To Be Buried at Arlington, Close to His Brothers
Kennedy To Be Buried at Arlington, Close to His Brothers
Sen. Kennedy to Be Buried Close to His BrothersEdward Kennedy
will be buried in Arlington National Cemetery. More >
<http://ts.go.com/bk?bs=1&bj=48879151&bu=352834674&bt=170599643>
Senator Edward Kennedy (1932-2009) RIP
So much will be written and said about Senator Kennedy's life and
legacy over the next few days. His Shakespearean story. His...
More > <http://ts.go.com/bk?bs=1&bj=48879151&bu=352834674&bt=170599646>
The Obama Family's Day on the Vineyard
After delivering remarks on Senator Kennedy's passing, the President
resumed his family vacation.
More > <http://ts.go.com/bk?bs=1&bj=48879151&bu=352834674&bt=170599649>
'Top Line' -- The Life and Legacy of Ted Kennedy
ABC News' Rick Klein reports: The political world came to a standstill
today in remembrance of Sen. Edward M. Kennedy, with...
More > <http://ts.go.com/bk?bs=1&bj=48879151&bu=352834674&bt=170599652>
George Remembers Senator Edward Kennedy's 'Personal Kindness'
More > <http://ts.go.com/bk?bs=1&bj=48879151&bu=352834674&bt=170599655>
Biden Chokes Up Over Kennedy News
<http://ts.go.com/bk?bs=1&bj=48879151&bu=352834674&bt=170599656>Passing
the Torch: New Generation of Kennedys
<http://ts.go.com/bk?bs=1&bj=48879151&bu=352834674&bt=170599657>The
'Liberal Lion's' Storied Career
<http://ts.go.com/bk?bs=1&bj=48879151&bu=352834674&bt=170599658>Kennedy's
Death a Loss for Dems' Health Care Push
<http://ts.go.com/bk?bs=1&bj=48879151&bu=352834674&bt=170599659>Israel
PM: Progress With U.S. on Settlements
<http://ts.go.com/bk?bs=1&bj=48879151&bu=352834674&bt=170599660>
Life and Legacy of Ted KennedyFmr. chair of the Mass. Democratic
Party Phil Johnston reflects on Sen. Kennedy. More >
<http://ts.go.com/bk?bs=1&bj=48879151&bu=352834674&bt=170599663>
Political Implications of Kennedy's Death
<http://ts.go.com/bk?bs=1&bj=48879151&bu=352834674&bt=170599665>A Love
Story: Ted and Vicki Kennedy
<http://ts.go.com/bk?bs=1&bj=48879151&bu=352834674&bt=170599667>Kennedy
Battles Brain Cancer
<http://ts.go.com/bk?bs=1&bj=48879151&bu=352834674&bt=170599669>Biden
Chokes Up Over Kennedy News
<http://ts.go.com/bk?bs=1&bj=48879151&bu=352834674&bt=170599671>
Priest on Kennedy's PassingAcross Party Lines
Breaking News: Sen. Ted Kennedy dies
Massachusetts Sen. Edward M. Kennedy, the liberal lion of the Senate,
has died after battling a brain tumor. He was 77.
U.S. new-home sales jump nearly 10% in July
U.S. new-home sales jump nearly 10% in July
Sales of new homes rise for the fourth month in a row in July, jumping
an estimated 9.6% to a seasonally adjusted annual rate of 433,000, the
Commerce Department reports. But can this string be sustained or will
persistent headwinds tamp down activity among prospective homeowners?
AIRCRAFT BOOKINGS BOOST JULY DURABLE-GOODS ORDERS
A doubling in aircraft bookings in July drives orders for new
U.S.-made durable goods up by 4.9%, the largest increase in two years,
the Commerce Department reports.
EUROPEAN SHARES DECLINE AS MINERS, OIL FIRMS WEIGH
European shares traded with losses on Wednesday, snapping a
four-session run of gains, hurt by weakness for mining and oil and gas
shares.
OIL AND GAS FIRMS, MINERS PRESSURE IN LONDON
Oil and gas firms as well as miners weaken, setting the tone for
modestly lower London dealings.
U.S. stocks erase morning losses after pickup in home sales
BULLETIN: U.S. stocks erase morning losses after pickup in home sales
8/26/2009 10:13:03 AM EDT
Stocks open lower after a reading on durable goods orders disappoints investors. Dow slides 30 points, Nasdaq and S&P 500 dip.
Stocks open lower after a reading on durable goods orders disappoints
investors. Dow slides 30 points, Nasdaq and S&P 500 dip.
Tuesday, August 25, 2009
Markets Tuesday, 08/25/2009
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| Dow : 9539.29 up 30.01 | S & P : 1028.00 up 2.43
| NASDAQ: 2024.23 up 6.25 | Bond (10Y): 3.43%, 101.56
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MARKETS:
Stocks touch new '09 highs
Wall Street advances on Bernanke appointment, signs of stability in
the housing market and a rise in the consumer confidence index.
Stocks end higher after reports show consumer confidence and home ...
Stocks end higher after reports show consumer confidence and home
prices are starting to recover. Dow, Nasdaq, S&P 500 all gain.
Home prices fall in second quarter compared to last year, but show first quarter-to-quarter improvement since 2006 - Case-Shiller.
Home prices fall in second quarter compared to last year, but show
first quarter-to-quarter improvement since 2006 - Case-Shiller.
Bernanke reappointed for second term
Bernanke reappointed for second term
President Obama makes if official, announcing that he is reappointing Ben
Bernanke for a second four-year term as chairman of the Federal Reserve.
BERNANKE REAPPOINTMENT LIKELY SAFEST PATH
Whatever controversy that news of another Bernanke term might bring,
it will be nothing compared to firestorm that would have resulted if
Obama passed him over.
GLOBAL MARKETS UNFAZED BY BERNANKE REAPPOINTMENT
The reappointment of Ben Bernanke to a second term as Fed chief doesn't come as
a surprise to global financial markets, leaving the focus on the central
banker's plans to eventually begin unwinding unprecedented monetary stimulus.
U.S. single-family home prices up for second straight month: S&P/Case-Shiller index
U.S. single-family home prices up for second straight month:
S&P/Case-Shiller index
8/25/2009 9:33:00 AM EDT
U.S. stocks advance early Tuesday on home-price data, Bernanke reappointment
BULLETIN: U.S. stocks advance early Tuesday on home-price data,
Bernanke reappointment
8/25/2009 9:47:23 AM EDT
White House budget office forecasts $9 trillion federal budget deficit over next 10 years and $1.58 trillion deficit in fiscal 2009.
White House budget office forecasts $9 trillion federal budget deficit
over next 10 years and $1.58 trillion deficit in fiscal 2009.
Stocks rally - Dow surges over 100 points - after key measure of consumer confidence spikes higher than expected.
Stocks rally - Dow surges over 100 points - after key measure of
consumer confidence spikes higher than expected.
Markets Monday, 08/24/2009
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| Dow : 9509.28 up 3.32 | S & P : 1025.56 down 0.57
| NASDAQ: 2017.98 down 2.92 | Bond (10Y): 3.47%, 101.22
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MARKETS:
Stock gains peter out
Wall Street retreats after the Dow, S&P 500 and Nasdaq surge to new 2009 highs.
Obama to reappoint Fed Chairman Ben Bernanke: WSJ
Obama to reappoint Fed Chairman Ben Bernanke: WSJ
8/24/2009 9:16:15 PM EDT
Monday, August 24, 2009
Breaking News: Holder OKs prosecutor for CIA interrogations, AP reports
WASHINGTON (AP) - A Justice Department official says Attorney General
Eric Holder has picked prosecutor John Durham to investigate CIA
mistreatment of terror suspects. The official spoke on condition of
anonymity because the official was not authorized to disclose the
decision. The decision comes as the Obama administration releases a
newly unclassified report. Among the report's findings are that one
interrogator threatened to kill the children of a Sept. 11 suspect,
and another may have threatened to assault a suspect's mother in front
of him.
Housing and auto sectors face stimulus withdrawals
Housing and auto sectors face stimulus withdrawals
Stock analysts caution both housing and automobile markets drew
short-lived boosts from government stimulus programs, one of which
ends Monday, the other. at the end of November.
TV NETWORKS' AD SALES LOOKING UP
The broadcast television networks' decision to hold back more
commercial time. than usual to sell during the 2009-10 season looks --
at least for now -- like. a good move, experts say.
WPP SHARES ADVANCE AHEAD OF EARNINGS REPORT
WPP shares outperform a higher London market, helped by a broker
upgrade ahead of the firm's results due out later in the week.
CRUDE FUTURES RISE TO HIGHEST LEVEL SINCE OCTOBER
Crude-oil futures rise to their highest level since last October on
economic optimism; natural-gas futures also rebound.
GOLD TURNS LOWER AS DOLLAR STRENGTHENS
Gold futures reverse Monday, falling from a one-week high, as the
dollar strengthens and speculative bets sink.
Stocks open higher with markets extending last week's rally on hope that the recession is fading. Dow gains 31 points.
Stocks open higher with markets extending last week's rally on hope
that the recession is fading. Dow gains 31 points.
Breaking News Sun., August 23, 2009
7-Year-Old Girl Swept Out to Sea by Hurricane Bill's Waves Dies, Maine
Officials Tell the AP [8:41 p.m. ET]
