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DOW above 10,100. Whats next?

Posted on: October 19th 2009 in Market Outlook.

Dow Jones currently trading at 10,103 up +1.09%. NASDAQ at 2,175.03 up +0.85%. Dow seemed to easily cross is 10,000 mark resistance level easily today after a handful of earnings reports revived hopes that the economy is improving. This adds to the probability that Nifty and Sensex too a…

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Wall Street Tumbles on Bank Failure Worries

Posted on: September 1st 2009 in Market News.

NEW YORK (Reuters) – Stock indexes fell 2 percent on Tuesday, pushing the S&P 500 below the 1,000 threshold, on increased worries there could be more bank failures and concerns that equity prices may have run ahead of the economic recovery. The Dow Jones industrial average los…

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China scare spooks world markets

Posted on: August 17th 2009 in Market News.

The Shanghai Composite fell 5.8% to 2870.Nikkei index in Japan fell 3.1% 10,268 and Hang Seng index declined 3.6% to 20,137. Equity markets all over the world are witnessing heavy offloading on Monday. Sell off is not only seen in the Indian markets but in the Asian, European and also th…

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Fed more hopeful on economy; holds record low rate – Wall Street

Posted on: August 13th 2009 in Market News.

Fed signals end of government debt-buying program; keeps key bank lending rate at record low WASHINGTON (AP) — The Federal Reserve delivered a vote of confidence in the U.S. economy Wednesday, saying it would slow the pace of an emergency rescue program as the recession appears to…

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Stock futures modestly lower ahead of opening – Wall street

Posted on: August 10th 2009 in Market News.

NEW YORK (AP) — Stock futures were modestly lower early Monday as investors turn their attention to an upcoming Federal Reserve Board meeting and earnings from some of the nation’s largest retailers. Overseas, Asian markets rose amid a positive report on Japanese machinery or…

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Wall St hit by caution before July jobs data

Posted on: August 7th 2009 in Market Outlook.

NEW YORK (Reuters) – Stocks fell on Thursday as investors turned cautious before the government’s crucial July jobs report, and took profits after a recent rally. The Dow Jones industrial average (DJI:^DJI – News) slipped 24.71 points, or 0.27 percent, to end unofficial…

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Warren Buffett:Invest in Stocks Even At Dow 9000

Posted on: July 24th 2009 in Stock Views.

Warren Buffett tells CNBC that the economy still isn’t showing any signs of life but that doesn’t mean investors should stay away from stocks for the long-term. In a live interview on Squawk Box this morning, Buffett says “business is still flat.” But he stresses …

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Big tech earnings week will reveal economic trends – Wall Street

Posted on: July 19th 2009 in Press Releases.

SEATTLE (AP) — The technology sector is often talked about as if it were a unified front, an easy-to-define monolith. People say technology stocks rose or technology stocks fell. Tech helped drive a huge boom in the 1990s, and when that collapsed in 2001, tech contributed to the las…

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Wall Street sags on oil; S&P ends worst week in 2 months

Posted on: May 16th 2009 in Market News.

NEW YORK: U.S. stocks stumbled on Friday as energy shares dropped along with oil prices on worries about weak demand, overshadowing fresh reassuring economic data. A batch of reports, including consumer prices and sentiment, reinforced hopes that the recession was easing and gave the mar…

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Bank confidence, data push Wall St higher

Posted on: May 9th 2009 in Press Releases.

NEW YORK (Reuters) – U.S. stocks rose on Friday, and the Nasdaq capped its longest stretch of weekly gains in a decade as stress test results and reassuring jobs data fueled hopes the worst is over for banks and the economy. …

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