Markets stayed relatively flat this Columbus day as investors continue to speculate potential actions by the Federal Reserve to stimulate the sputtering economy. The National Association of Business Economists cut expected growth for 2010 and 2011, also keeping stocks from continuing early gains. In corporate news, Microsoft (MSFT) released the Windows 7 phone to compete
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Markets Stay Flat As NABE Reduces Growth Outlook, Microsoft Releases Window 7 Phone (MSFT, AAPL)
October 11th, 2010Stocks Finish Week On Solid Day, Dow Eclipses 11,000 After Alcoa Earnings Report (AA)
October 8th, 2010Stocks finish the week with gains despite a weak jobs report released today. The gain is attributed to anticipation of a move by the Federal Reserve to stimulate the struggling economy. Such prediction sent the Dow above 11,000 for the first time since may. Adding to the surge was continued tension at the International Monetary
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Stocks Stumble Ahead of Earnings Season, Adobe Shares Boom Up on Rumors of Merger (ADBE, MSFT)
October 7th, 2010Stocks slip for the second consecutive day as investors await upcoming earnings seasons. Reports on third quarter earnings are expected soon, with Alcoa leading off the pack. The monthly jobs report is also due out tomorrow, as cautious investors wait for the numbers before making moves. In corporate news, Adobe Systems (ADBE) shares skyrocket after
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Markets Finish Mediocre Day After Negative Private Sector Report and Downgrades in Tech Industry (AAPL, VZ)
October 6th, 2010US stocks followed a major Tuesday with a lackluster Wednesday as investors worry more stimulus funds are on the way after private sector unexpectedly cut 40,000 jobs last month. The report from ADP preempts the larger, more meaningful report due by the government on Friday. Chip makers Xilinx (XLNX) and Altera Corp (ALTR) were downgraded
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Stocks Surge Forward Nearly 200 Points On Service Sector Growth (AXP,MSFT)
October 5th, 2010Stocks powered upward Tuesday after a report the service sector grew for the 9th consecutive month – every month this year. The service sector makes up the largest part of the economy, and employs the largest number of people. Japan, in an unanticipated move, decided to slash interest rates, also helping propel stocks upward. In
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Week Opens With A Stumble As Investors Take Gains, Microsoft Downgraded (MSFT, V)
October 4th, 2010Stocks began the first full week of October with declines across the board. Investors took whatever gains they could on long positions as anticipation of negative economic news this week persists, specifically jobless claims and European debt. Treasuries, gold and oil futures also fell on an all around negative day for investors. In corporate news,
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October Begins With Dwindling Manufacturing Increases; HP Announces New CEO (HPQ,BP)
October 1st, 2010The final quarter of the year began today with early gains after a better than expected September. Stocks bolted upward at the start of trade on strong manufacturing numbers out of China, but gains were tempered by a less optomistic look from the Supply Management manufacturing index. In corporate news, Hewlett Packard (HPQ) announced former
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Sweet September Ends on Sour Note as Tech Giants Suppress Markets (AAPL, GOOG) – September 30, 2010
September 30th, 2010Stocks finished their best September since 1939 with a dip as investors decide to take gains to close out the month. Intitially, stocks jumped upward on positive news that unemployment claims dropped last week and manufacturing numbers rose in the …
Markets Dip Slightly On Fears of European Debt; Bailout Babies AIG and CitiGroup Make Strides (AIG, C)
September 29th, 2010Stock markets dipped slightly on Wednesday on worries of the European debt situation. The US dollar continued to fall, as well, as investors anticipate action by the Fed to keep interest rates low. Stocks mitigated some morning loses as oil stocks moved upward after reports of declining oil supplies. Bailout babies American International Group (AIG)
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Stocks Bump Up Slightly After Fed Meeting Minutes Released; Pfizer Purchases King Pharm (PFE, KG)
October 12th, 2010Stock markets edged upward in the late trade after hovering in negative territory most of the day. The push forward can be attributed to the release of minutes from the Federal Reserve meeting September 21 exposing the possibility of easing monetary polcies to stimulate the economy. In corporate news, Pfizer (PFE) agrees to buy King
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