Friday, October 09, 2009
Dow and S&P 500 end the week at 2009 highs as upbeat economic data cools fears that a market recovery is getting ahead of itself.
Dow and S&P 500 end the week at 2009 highs as upbeat economic data
cools fears that a market recovery is getting ahead of itself.
Breaking News: Obama wins Nobel Peace Prize
President Obama has won the 2009 Nobel Peace Prize for "his
extraordinary efforts to strengthen international diplomacy and
cooperation between peoples," the Norwegian Nobel Committee said.
U.S. stock market next turns to technology results
U.S. stock market next turns to technology results
A leader in the stock market's lengthy climb, technology's role in the rally
will soon be tested, with Intel's third-quarter financial results next week
expected to shed light on conditions for the industry at large going
into the holiday shopping season.
BERNANKE: TIGHTER RATES COMING ON IMPROVED OUTLOOK
The Federal Reserve will reverse course and tighten monetary policy
'when the economic outlook improves sufficiently,' Chairman Ben
Bernanke says.
TRADE GAP NARROWS ON DROP IN CRUDE IMPORTS
The U.S. trade gap unexpectedly narrowed in August to $30.7 billion on
a big drop in imports of crude oil, the Commerce Department reports.
BANKS CUTTING BACK ON LOANS TO BUSINESSES
U.S. banks are reducing their lending at the fastest rate on record,
tightening the credit squeeze and threatening to leave many otherwise
viable businesses unable to expand their businesses, meet their
payroll or refinance their debt.
TREASURY URGED TO SCALE UP MORTGAGE MODIFICATIONS
A key government watchdog group says the Treasury Department must
expand the scope and scale of a $50 billion Obama administration
program seeking to help troubled homeowners avoid becoming delinquent
on their homes.
Stocks open flat after the major U.S. indexes flirted with 2009 highs on Thursday.
Stocks open flat after the major U.S. indexes flirted with 2009 highs
on Thursday.
Thursday, October 08, 2009
Wall Street closes higher after a surprise profit from Alcoa and an unexpected drop in jobless claims. S&P 500 near 2009 high.
Wall Street closes higher after a surprise profit from Alcoa and an
unexpected drop in jobless claims. S&P 500 near 2009 high.
Why the S&P 500 is beating the Dow in the rally
Why the S&P 500 is beating the Dow in the rally
The S&P 500 Index and the Dow Jones Industrial Average are commonly
used to measure the performance of U.S. stocks, but the disparity in
the benchmarks' returns this year during the powerful rally highlights
their different approaches to tracking the market.
SEPTEMBER'S RESULTS MAY HOLD SOME HOLIDAY PROMISE
U.S. retailers deliver better-than-expected September sales, giving
hope that business may be picking up heading into the crucial holiday
selling period.
GOLD TAPS FRESH RECORD ABOVE $1,050
Gold futures extend their New York gains into a fifth session, with both the
October and December contracts eclipsing the $1,050 mark on an intraday basis.
AUSTRALIA JOBS DATA, ALCOA PROFIT LIFT ASIA STOCKS
Most Asian markets rally as stronger-than-expected jobs data from
Australia, buoyant commodity prices and news of Alcoa's return to
profit spur investors' appetite for risk.
GOLD'S RISE IN EURO, POUND MUTED AS BUCK DROPS
Gold's performance in the euro, British pound and other currencies has
been lackluster compared to its rise valued in U.S. dollars, a trend
that suggests investors are more interested in bullion as a hedge
against the greenback than global inflation.
Stocks open higher after Alcoa posts surprise profit and jobless claims hit 9 month low. Dow rallies 50 points.a
Stocks open higher after Alcoa posts surprise profit and jobless
claims hit 9 month low. Dow rallies 50 points.
Initial unemployment claim filings tumble 33,000 in the latest week, to 521,000, the government says, the lowest level since January.
Initial unemployment claim filings tumble 33,000 in the latest week,
to 521,000, the government says, the lowest level since January.
Breaking News: Mueller wins Nobel Prize in literature
STOCKHOLM -- Romanian-born German writer Herta Mueller has the won the
2009 Nobel Prize in literature. The Swedish Academy said that Mueller
"who with the concentration of poetry and the frankness of prose,
depicts the landscape of the dispossessed."
Wednesday, October 07, 2009
Alcoa, the first Dow component to report 3rd-quarter results, posts a surprise profit and says it's 'weathering the economic storm.'
Alcoa, the first Dow component to report 3rd-quarter results, posts a
surprise profit and says it's 'weathering the economic storm.'
Stocks end mixed, with the Dow losing 6 points, as jittery investors prepare for a slew of quarterly results from major companies.
Stocks end mixed, with the Dow losing 6 points, as jittery investors
prepare for a slew of quarterly results from major companies.
Gold settles at an all-time record of $1,044.40 an ounce, as inflation fears weigh on investors.
Gold settles at an all-time record of $1,044.40 an ounce, as inflation
fears weigh on investors.
Investors await Alcoa for signs of earnings bottom
Investors await Alcoa for signs of earnings bottom
The stock market turns its focus to materials, which have ranked
second among the best-performing sectors in the S&P 500 so far this
year, with investors looking to get a handle on whether earnings have
indeed bottomed out. Alcoa's results, due out after the close, will
provide an initial reading on this front.
GOLD HITS NEW HIGHS ON RISING INVESTMENT DEMAND
Gold futures soar to a new record high just below $1,050 an ounce, with
gyrations in the dollar again making themselves felt in metals trading.
DOLLAR REBOUNDS AGAINST JAPANESE YEN
The dollar reverses a sharp loss and moves higher on the Japanese yen,
with strategists citing fears that recent gains could invite
central-bank
intervention.
CRUDE RISES AS DATA SHOW DROP IN CRUDE INVENTORIES
Crude-oil futures edge up, trading above $71 a barrel after a
government report shows a drop in U.S. crude inventories as imports
fell.
STOCK MARKET SURGE PROMPTS WARNING TO INVESTORS
Many mutual funds are poised to celebrate stellar returns this year,
but one fund firm is going out of its way to warn investors not to get
too giddy
Breaking News: Three share Nobel Prize in chemistry
STOCKHOLM -- Americans Venkatraman Ramakrishnan and Thomas Steitz and.
Israeli Ada Yonath have won the 2009 Nobel Prize in chemistry for
"studies of. the structure of the ribosome." The Royal Swedish
Academy of Sciences says the ribosome translates the DNA. code into
life.
Stocks open lower Wednesday as investors take a step back from two days of gains. Dow dips 20 points.
Stocks open lower Wednesday as investors take a step back from two
days of gains. Dow dips 20 points.
Tuesday, October 06, 2009
Heating costs could fall 8% this winter
U.S. households could get an 8% break on the cost of heating their
homes this winter, the Energy Information Administration said on
Tuesday.
Wall Street rallies for second straight day on signs of improvement in the global economy. Dow, Nasdaq, S&P all pop higher than 1%.
Wall Street rallies for second straight day on signs of improvement in
the global economy. Dow, Nasdaq, S&P all pop higher than 1%.
Gold closes at record high of $1,039.70 an ounce on perceived flight to safety due to concerns over weak dollar.
Gold closes at record high of $1,039.70 an ounce on perceived flight
to safety due to concerns over weak dollar.
Officials deny plans to drop dollar from oil price
Foreign financial officials dismiss a British newspaper report that
said oil exporters, China and other nations are planning to put an end
to dollar-based trading in the oil market.
Gold hits record high as dollar slumps
Gold hits record high as dollar slumps
Gold futures hit a new record high at $1,038 an ounce, lifted by
weakness in the dollar fueled by higher interest rates in Australia as
well as a U.K. media report that Gulf-area oil producers, along with
China, Russia, Japan and France, are planning to eventually end
dollar-based oil pricing.
GOLD FLOATS ON OIL
Gold markets are frothing at renewed talk of dropping the dollar in
favor of a yet-to-be-developed basket of currencies for pricing the
world's most important commodity -- oil. But there are wider messages
to be conveyed by the action in the metals pits.
POTENTIAL END OF DOLLAR-BASED OIL DEALS LIFTS GOLD
Growing speculation over the potential end to dollar-based trading in
the oil market may be part of the reason gold prices have rallied
beyond $1,020 an ounce to stand near their highest level in 18 months.
DOLLAR DOWN DESPITE DENIALS OF OIL-PRICING SHIFT
Dollar tumbles on reports of oil-pricing shift.
OIL PRICES GAIN AS U.S. DOLLAR TUMBLES
Oil futures rise above $71 a barrel as the dollar falls against major
currencies, luring buyers into the energy market.
Breaking News: Three share Nobel Prize in Physics
STOCKHOLM -- The 2009 Nobel Prize in physics has been awarded to
Charles K. Kao, Willard S. Boyle and George E. Smith for breakthroughs
involving the transmission of light in fiber optics and inventing an
imaging semiconductor circuit, the Associated Press reports. The Royal
Swedish Academy of Sciences said all three have American citizenship.
Gold futures hit record high atop $1,036 an ounce
Gold futures hit record high atop $1,036 an ounce
10/6/2009 9:09:12 AM EDT
Commodities rally, equity gains fuel energy stocks
Energy stocks make broad morning gains, benefiting as the dollar
weakens and crude-oil futures push back through the $71-a-barrel
Dow industrials rise as much as 120 points early Tuesday; Nasdaq up 1.5%
Dow industrials rise as much as 120 points early Tuesday; Nasdaq up 1.5%
10/6/2009 10:01:42 AM EDT
Stocks open higher, extending Monday's rally, as investors embrace signs that the economy is strengthening.
Stocks open higher, extending Monday's rally, as investors embrace
signs that the economy is strengthening.
Monday, October 05, 2009
Dow closes up 110 points, the Nasdaq rises 20 points and the S&P gains 15.
Stocks snap two-week losing streak. Dow closes up 110 points, the
Nasdaq rises 20 points and the S&P gains 15.
Dow industrials up 111 points to intraday high
Dow industrials up 111 points to intraday high
10/5/2009 2:45:53 PM EDT
Stock investors eye revenues as earnings kick off
Stock investors eye revenues as earnings kick off
With the third-quarter earnings season just about to kick off, the market is
looking to some sectors, such as financials, where revenue growth might
actually improve.
B. OF A. TO PICK EMERGENCY CEO: REPORT
Directors at Bank of America Corp. plan to select an emergency chief
executive this week in case Ken Lewis steps down before the end of the
year.
GOLDMAN SACHS UPS LARGE U.S. BANKS TO ATTRACTIVE
Analysts at Goldman Sachs got more optimistic about large U.S. banks
Monday, raising their coverage view on the sector to attractive from
neutral.
IG: TREASURY SHOULD 'DESCRIBE ACTIONS' ACCURATELY
Government officials should be careful to describe their actions accurately
after Treasury officials last year said nine mega-financial institutions were
healthy when key federal employees had concerns about several of them,
says the Special Inspector General for the $700 billion Troubled Asset
Relief Program.
SERVICES INDEX EXPANDS IN SEPTEMBER
The service sectors of the United States expand in September for the
first time in a year, according to a survey of companies released by
the Institute for Supply Management.
ISM gauge of U.S. services sector tops 50% mark -- best reading since May 2008
ISM gauge of U.S. services sector tops 50% mark -- best reading since May 2008
10/5/2009 10:02:01 AM EDT
Stocks open higher, fending off a two-week losing streak.
Stocks open higher, fending off a two-week losing streak.
