Weekly Wrap Up
After two weeks of solid gains, the markets retreated last week to post losses across the board. Overall, the Dow Jones lost 77 points, and the Nasdaq slipped 5 points. As is typical, the market seemed to move along with the economic news of the week. Stocks fell early in the week as [...]
Stocks inched lower on Wednesday as investors weighed a number of pressing issues. The session opened up with declines after the Fed released a detailed plan on how it will remove aid that was used to prop up the economy. Stocks briefly moved into positive territory during afternoon trading on hopes that a rescue plan [...]
Stocks edged higher on Monday following last week’s brutal beat down. Gains in large bank stocks, techs and big industrial firms helped lead the advance. The Dow Jones Industrial Average added 23.88 points before the closing bell. Three stocks rose for every two that fell on the New York Stock Exchange. A disappointing housing report [...]
Stocks capped off the week deep in red as bank worries continued to hurt financial shares. Today was one of the worst days in three months on Wall Street. The Dow Jones Industrial Average shed an additional 216 points to finish the day at 10,172.98. Citigroup (C) cut its ratings on seven semiconductor-equipment stocks, which [...]
Stocks rallied on Tuesday as a run up in tech and health stocks boosted the session. Stocks initially opened weaker following disappointing results from Citigroup (C: Charts, News, Offers), but turned higher as investors found reason to jump back into the market. Gains were pretty broad based, with 25 of 30 Dow components rising. Health [...]
Weekly Wrap Up
Last week, the markets couldn’t hold on to the decent start and slid lower on the latter part of the week. The major indices were down: The DOW lost -142.60 points, the NYSE was down -38.93 points, and the S&P 500 slid -3.94. The only major index to buck the trend was the [...]
Stocks took a sharp dive on Thursday as a rising dollar and disappointing corporate forecasts put pressure on the session. Three stocks fell for every one that rose on the New York Stock Exchange. The banking sector continued to struggle, pushing shares of American Express (AXP) and JPMorgan Chase (JPM) lower. News that the Treasury [...]
Weekly Wrap Up
After a solid first week of December, the markets couldn’t maintain their momentum, ending mixed last week. The major indices were down early in the week, and although they were pushed up as the week went on, for some it wasn’t enough to recoup their early losses. The NYSE ended down 57 points [...]
Stocks Continue Rally
Stocks climbed to fresh 13-month highs on Monday after comments from Federal Reserve Chairman Ben Bernanke reiterated that interest rates would remain low. The Dow Jones Industrial Average added 136.49 points to cap off the session at 10,406.96. Broader stock indicators also pushed higher before the closing bell. The day started off with [...]
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Bernanke’s Comments Break Two-Day Slide – February 24, 2010
February 23rd, 2010Investors shifted back into drive and sent stocks higher following a two-day slide. Market breadth was positive. On the New York Stock Exchange, winners beat losers by more than five to two on volume of 570 million shares. Stocks initially posted slim gains, but fell lower following a worse-than-expected new home sales report. Ben Bernanke’s [...]
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