US markets to remain closed today on account of Independence day. …
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Fed says Europe crisis threatens economy – Wall Street
Posted on: May 21st 2010 in Market News.
By Pedro Nicolaci da Costa WASHINGTON (Reuters) – Europe’s debt crisis poses a “potentially serious” risk to the U.S. economic recovery because it threatens global credit markets and large American banks, a top Federal Reserve official said on Thursday. Fed Gover…
Wall Street Drops on Recovery Worry, RIM Results
Posted on: September 26th 2009 in Market News.
NEW YORK (Reuters) – U.S. stocks fell for a third straight day on Friday on disappointing housing and durable goods data, while Research In Motion’s lackluster results dented optimism about technology spending. Economic reports showed that new orders for long-lasting U.S. man…
Even as a Correction Looms, Investors Aren’t Getting Scared – Wall Street
Posted on: August 20th 2009 in Market News.
While most investment advisors are expecting a fairly substantial stock correction in the coming weeks, few are particularly frightened about the prospect. In fact, the prevailing sentiment among market pros is that investors should be holding steady in their positions or even adding in …
Stocks drop as investors worry about consumers – Wall Street
Posted on: August 14th 2009 in Market News.
Stocks retreat after 2 days of gains as investors worry consumers will hurt economy’s recovery NEW YORK (AP) — The fear on Wall Street is that nervous consumers are going to short-circuit the economic recovery. Stocks fell sharply Friday after investors were disappointed by…
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…
Bob Prechter “Quite Sure” Next Wave Down Will Be Bigger and March Lows Will Break -Wall Street
Posted on: August 11th 2009 in Market News.
In late February, Robert Prechter of Elliott Wave International said “cover your shorts,” and predicted a sharp rally that would take the S&P into the 1000 to 1100 range. With that prediction having come to pass, Prechter is now saying investors should “step aside&…
Upbeat economic data boosts Wall Street
Posted on: June 2nd 2009 in Press Releases.
NEW YORK (Reuters) – Stocks rallied on Monday as reassuring economic data spurred optimism the recession is abating, overshadowing a long-expected bankruptcy filing by General Motors. The U.S. manufacturing sector contracted in May but at a slower rate than expected and posted its …
Stocks jump after consumer confidence level surges – WallStreet
Posted on: May 27th 2009 in Press Releases.
EW YORK (AP) — Consumers’ more upbeat mood is spreading to Wall Street. Stocks surged Tuesday after the Conference Board said consumer sentiment rose in May to the highest level since September. All the major stock indicators rose more than 2 percent, including the Dow Jones …
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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