Friday, December 04, 2009
Two more banks fail in Georgia; combined assets top $1 billion
Two more banks fail in Georgia; combined assets top $1 billion
12/4/2009 5:18:25 PM EDT
Markets Friday, 12/4/2009
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| Dow : 10388.90 up 22.75 | S & P : 1105.98 up 6.06
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| NASDAQ: 2194.35 up 21.21 | Bond (10Y): 3.47%, 99.16
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MARKETS:
Stocks rally at end of choppy session
Wall Street gains after a choppy day in which investors welcomed a
better-than-expected jobs report but showed caution as the Dow hit a
new 14-month high.
Breaking News: Economy sheds 11K jobs; jobless rate fell to 10% in Nov.
The unemployment rate fell to 10% in November as employers cut the
smallest number of jobs since the recession began. The Labor
Department says the economy shed 11,000 jobs last month, an
improvement from October's revised total of 111,000. That's also much
better than the 130,000 Wall Street economists expected.
Stocks end higher, but well off their peaks, after a better-than-expected jobs report. Dow gains 22 points, Nasdaq climbs nearly 1%.yy
Subject: Stocks end higher, but well off their peaks, after a
better-than-expected jobs report. Dow gains 22 points, Nasdaq climbs
nearly 1%.
Breaking News: Economy sheds 11K jobs; jobless rate fell to 10% in Nov.
The unemployment rate fell to 10% in November as employers cut the
smallest number of jobs since the recession began. The Labor
Department says the economy shed 11,000 jobs last month, an
improvement from October's revised total of 111,000. That's also much
better than the 130,000 Wall Street economists expected.
Energy: Energy stocks ride jobs rally
12/4/2009 10:28:00 AM ET
Employhment report encourages hope of economic rebound that would
increase use of petroleum fuels.
Rally loses steam on Wall Street after early surge fueled by jobs report. Dow slips 22 points, Nasdaq up 0.3%, S&P 500 flat.
Rally loses steam on Wall Street after early surge fueled by jobs
report. Dow slips 22 points, Nasdaq up 0.3%, S&P 500 flat.
Jobless rate falls to 10% as job losses shrink
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Jobless rate falls to 10% as job losses shrink
The U.S. labor market improved markedly in November, with the
unemployment rate falling back to 10% and job losses shrinking to the
lowest level in nearly two years, the Labor Department reports.
TAXES, EXPORTS IN FOCUS AT WHITE HOUSE JOBS SUMMIT
President Barack Obama says he'd look into giving businesses more tax
incentives to add employees, as leaders from Corporate America, labor
and academia offer up ideas for creating jobs at a White House summit.
DOLLAR MAKES BIGGEST RISE SINCE JUNE ON JOBS DATA
The dollar gains most since June after a report shows a surprisingly
shallow drop in U.S. jobs, raising expectations for a stronger U.S.
recovery that could prompt the Federal Reserve to hike rates earlier
than some had forecast.
EUROPE STOCKS STAGE SHARP TURNAROUND AFTER DATA
European shares stage a sharp turnaround, with miners in the lead,
after data paints a much better-than-expected picture of the U.S.
economy.
CONFRONTING THE INFLATION BOOGEYMAN
Gold is hitting all-time highs amid growing fears of inflation, writes
Howard Gold.
Breaking news: USA TODAY interviews President Obama
President Obama spoke with USA TODAY and The Detroit Free Press today
in an interview that covered a wide variety of important issues. On
his safety in the wake of the state dinner security breach, Obama said
of the Secret Service, "I trust them 100%, not just with me but with
my wife and my children."
And on the job outlook for minorities, he said he does not want to
think in terms of "particular ethnic segments of the United States
rather than to think that we are all in this together."
Thursday, December 03, 2009
Markets Thursday, 12/3/2009
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| Dow : 10366.15 down 86.53 | S & P : 1099.92 down 9.32 |
| NASDAQ: 2173.14 down 11.89 | Bond (10Y): 3.37%, 99.97
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MARKETS:
Stocks falter ahead of jobs report
Wall Street seeks direction. Weekly jobless claims slip ahead of
Friday's monthly report. BofA plans to give back $45 billion in
federal bailout funds.
Dow takes a late-day dip at the end of trading, closing down 87 points ahead of November jobs report. Nasdaq, S&P also slip.
Dow takes a late-day dip at the end of trading, closing down 87 points
ahead of November jobs report. Nasdaq, S&P also slip.
Bernanke defends tenure in quest for 2nd term
Bernanke defends tenure in quest for 2nd term
Federal Reserve Board Chairman Ben Bernanke puts on his boxing gloves
and fights to defend his tenure and the central bank from charges it
is beholden toWall Street.
GOLDNER SCRIPTS A BLOCKBUSTER AS HASBRO'S CHIEF TRANSFORMER
Breaking into the movie business is never easy. Doing it with a
1980s-vintage action figure is the ultimate outsider challenge. But
for Hasbro Inc. CEO BrianGoldner, the pitch for Transformers turned
into a Hollywood robots-to-riches story.
LIFELONG HAMBURGER GUY MAKES HAY AT TOP OF MCDONALD'S
CHICAGO (MarketWatch) -- McDonald's Corp. Chief Executive Jim Skinner
isn't pretentious. Like the company he runs, there is a sense of
familiarity and friendliness about him, like a guy one might strike up
a conversation with at the local pub or golf course -- or enjoy a
double-cheeseburger with at lunch.
IGER WINS OVER WALL STREET AND MAIN STREET
It may seem like an obvious, logical move now, but even those who work
for Walt Disney Co. Chief Executive Robert Iger initially
thought buying Pixar Animation Studios was a big gamble.
CEO ED ZANDER BRINGS BACK THE MOTOROLA MOXIE
By making Motorola Inc. cool again with consumers,
Chief Executive Ed Zander has made the phone maker hot with investors.
Thirty-year mortgage rates at all-time low
Thirty-year mortgage rates at all-time low
12/3/2009 10:40:22 AM EDT
Bernanke: Economy is emerging from the recession but 'task is far from complete.' Fed chief confirmation hearing underway.
Bernanke: Economy is emerging from the recession but 'task is far from
complete.' Fed chief confirmation hearing underway.
U.S. stocks forfeit morning gains as data show service-sector contraction
U.S. stocks forfeit morning gains as data show service-sector contraction
12/3/2009 10:31:00 AM EDT
Wednesday, December 02, 2009
Markets Wednesday, 12/2/2009
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| Dow : 10452.68 down 18.90 | S & P : 1109.24 up 0.38 |
| NASDAQ: 2185.03 up 9.22 | Bond (10Y): 3.32%, 100.44
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MARKETS:
Mixed finish for stocks
Wall Street is choppy one day after the blue-chip indicator closes at
a 14-month high. Investors consider GM shakeup, record gold prices,
employment data.
Stocks end mixed as investors look for more evidence that a recovery is taking hold. Dow closes down 22 points.
Stocks end mixed as investors look for more evidence that a recovery
is taking hold. Dow closes down 22 points.
U.S. economy improving 'modestly': Beige Book
U.S. economy improving 'modestly': Beige Book
12/2/2009 2:02:14 PM EDT
Gold closes above $1,200 an ounce for the first time
Gold closes above $1,200 an ounce for the first time
12/2/2009 2:12:17 PM EDT
Private-sector jobs declined 169,000 in November - 8th consecutive month of improvement, says payroll processor ADP.
Private-sector jobs declined 169,000 in November - 8th consecutive
month of improvement, says payroll processor ADP.
Breaking News Wed., December 2, 2009
Tiger Woods Admits 'Transgressions,' Letting His Family Down and Not
Being True to His 'Values' [10:28 a.m. ET]
Golfer Tiger Woods says he regrets 'transgressions' that let his family down
Golfer Tiger Woods says he regrets 'transgressions' that let his family down
12/2/2009 10:31:25 AM EDT
Gold hits new record above $1,217 an ounce
Gold hits new record above $1,217 an ounce
Gold futures climb to a new record high, buoyed by strong demand from
investors amid worries about the U.S. dollar's continued weakness.
MATERIALS STOCKS GIVE U.S. EQUITIES A LIFT
U.S. stocks continue to trade higher on a rally in materials stocks,
though a bigger-than-expected monthly drop in private-sector jobs
keeps the gains muted.
STOCKS IN MIDDLE EAST MOSTLY UP AFTER SELL-OFF
Stocks in the Middle East trade mostly higher on Wednesday after their
recent steep sell-off. Markets in Dubai and Abu Dhabi are closed for a
national holiday.
THE 10 BEST AND WORST S&P COMPONENTS OF DECADE
As the decade nears an end, regional-energy supplier Southwestern
Energy ranks as the index's best-performing stock while what was once
a high-flying technology company, JDS Uniphase, is positioned as its
worst.
NOVEMBER'S RETAIL MESSAGE: MORE TO DO IN DECEMBER
Early holiday sales and easy comparisons against last year mean
retailers will likely see a gain in November sales. December, however,
is another story.
Stocks open flat as investors step back to consider jobs data, a shakeup at GM and record gold prices. Dow down 5 points.
Stocks open flat as investors step back to consider jobs data, a
shakeup at GM and record gold prices. Dow down 5 points.
Tuesday, December 01, 2009
Dow ends at 14-month high, up 126 points, aided by easing of Dubai debt fears. S&P gains 1.2%, Nasdaq rises 1.5%.
Dow ends at 14-month high, up 126 points, aided by easing of Dubai
debt fears. S&P gains 1.2%, Nasdaq rises 1.5%.
U.S. stocks regain momentum
U.S. stocks regain momentum
U.S. stocks rise as reports on construction spending and pending home
sales beat expectations and concerns about the Dubai World debt crisis
ease.
GOLD APPROACHES $1,200 AS DOLLAR WEAKENS
Gold futures climb to a record near $1,200 an ounce on Tuesday, as the
dollar weakens and rebounding appetite for risk draws buyers into the
precious-metals market.
OIL RISES ON DUBAI RELIEF, CHINA DATA
Oil futures rise for a second session, topping $78 a barrel as worries over
Dubai's debt woes eased and as data showed China's manufacturing
activity expanded at the fastest pace since 2004.
PENDING HOME SALES RISE FOR 9TH MONTH IN A ROW
Signed sales contracts on existing homes in the United States rose for the
ninth straight month in October, a real estate industry group reports.
U.S. CONSTRUCTION SPENDING FLAT IN OCT.
Spending on U.S. construction projects was flat in October and revised
data now indicate that spending has not risen since April, says the
government.
Gold crosses the $1,200 an ounce mark for the first time as Dubai debt fears ease.
Gold crosses the $1,200 an ounce mark for the first time as Dubai debt
fears ease.
Breaking News: Woods to get citation in car accident
McLEAN, Va. - The Florida Highway Patrol announced Tuesday in a news
conference that it will issue Tiger Woods a citation for careless
driving for the single-car accident in front of his home in the early
morning hours following Thanksgiving Day. The FHP will not pursue
criminal charges.
Breaking News: GM CEO Henderson to resign, AP reports
NEW YORK (AP) - General Motors' Chief Executive Frederick "Fritz"
Henderson will resign, sources told The Associated Press. The
company's chairman of the board Ed Whitacre Jr. will serve as interim
replacement. The sources requested anonymity because the news had not
yet been announced. GM announced on its website it will hold a press
conference today at 4:30 p.m. ET to announce significant decisions
reached by the GM Board of Directors.
Markets Tuesday, 12/1/2009
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| Dow : 10471.58 up 126.74 | S & P : 1108.86 up 13.23 |
| NASDAQ: 2175.81 up 31.21 | Bond (10Y): 3.28%, 100.75
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MARKETS:
Dow at 14-month high
Wall Street advances on Dubai debt relief, better-than-expected
housing and construction readings, and talk of a GE-Comcast deal.
U.S. manufacturing gauge shows continued expansion but at slowed pace
U.S. manufacturing gauge shows continued expansion but at slowed pace
12/1/2009 10:08:19 AM EDT
The number of homes for sale that went into contract spiked 32% in October thanks to first-time buyer tax credit, says Realtors.
The number of homes for sale that went into contract spiked 32% in
October thanks to first-time buyer tax credit, says Realtors.
Stocks jump at the open on talk of Dubai debt relief and a GE-Comcast deal. Dow pops 100 points.
Stocks jump at the open on talk of Dubai debt relief and a GE-Comcast
deal. Dow pops 100 points.
Monday, November 30, 2009
Breaking News: Sen. Reid tells USA TODAY he's 'confident' health care bill will pass
Senate Majority Leader Harry Reid said it will take extra work to pass
the bill, but vowed to keep the Senate in session every weekend in
December to finish it. Among the issues to work through are the public
option and whether federal funds can be used on abortion.
Markets, Monday, 11/30/2009
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| Dow : 10344.84 up 34.92 | S & P : 1095.63 up 4.14
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| NASDAQ: 2144.60 up 6.16 | Bond (10Y): 3.20%, 101.47
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MARKETS:
Bank shares boost market
A late-session rally in the financial sector helps Wall Street trim
losses as Dubai contagion fears ease. The tepid holiday sales and weak
dollar were also in focus.
U.S. stocks fall back into the red
U.S. stocks fall back into the red
U.S. stocks trade near their lowest points of Monday's session as the
excitement over improved economic activity in Chicago abates and
investors remain concerned about holiday sales and the fallout from
Dubai World.
DECEMBER TENDS TO DELIVER STOCK-MARKET CHEER
Historical trends indicate -- no guarantees, of course -- that
December will be a positive month for the U.S. stock market.
GOLD RUN A REASON TO BE WARY OF THE STOCK MARKET
The booming gold price is making this columnist very nervous. About
Wall Street.
BLACK FRIDAY SALES OF TECH GOODS CALLED 'STRONG'
Retailers saw bigger crowds and likely generated stronger sales over
the 'Black Friday' weekend compared to a year earlier, according to a
trade group that represents makers of consumer electronics.
MORE SHOPPERS HIT STORES, BUT SPEND LESS
More Americans hit the stores during Black Friday and the rest of the
holiday-shopping weekend, but they spent less than they did last year,
a retail-trade group says.
Stocks open modestly lower as Dubai fears ease and investors consider the holiday shopping results.
Stocks open modestly lower as Dubai fears ease and investors consider
the holiday shopping results.
