Investors started the week off fairly cautious ahead of the Federal Reserve’s meeting on interest rates and Moody’s warning about the United States’ AAA rating. Stocks declined during most of the session, but managed to cut some losses before the closing bell. Today’s selloff comes on the heels the Nasdaq and S&P 500 ending at [...]
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Stocks Slip as Investors Seek Guidance
March 15th, 2010Stocks Make a Late Recovery; Dodd Goes Solo with Financial Regulation Bill
March 11th, 2010Today’s session mirrored the last few ones. Stocks bounced around for most of the day, but managed to post slim gains before the closing bell. Advancing stocks narrowly outpaced those that fell on the New York Stock Exchange, where trading volume came to 649.9 million shares. Financial shares continued to advance following comments from Citigroup’s [...]
Investors to Wall Street: We Need More Motivation!
March 9th, 2010Stocks remained in a tight range on Tuesday as investors abandon an early advance. The Dow Jones Industrial Average finished the day with slim gains. The Nasdaq composite barely changed after having hit a fresh 18-month high earlier in the afternoon. Advancing stocks narrowly outpaced those that fell on the New York Stock Exchange, where [...]
Dow Turns Positive for 2010; Investors Await Jobs Report
March 4th, 2010Wall Street was finally able to finish the day with some solid gains. Falling stocks narrowly outpaced those that rose on the New York Stock Exchange. More improvements in the retail sector and a dip in jobless claims appeared to be the motivating factor for investors. Major gauges rose in the morning and then flattened [...]
News on AIG Deal and Greece Bailout Boost Stocks
March 1st, 2010The positive momentum from Friday spilled over into today’s session as investors pushed stocks higher. Both the S&P 500 and the Nasdaq ended in positive territory for the year for the first time in over a month. Market breadth was positive. On the New York Stock Exchange, winners topped losers three to one on volume [...]
Tough Week Ends on a Higher Note
February 26th, 2010Stocks struggled to move higher on Friday, but managed to scrape together some gains before the closing bell. Investors were hit with bad news from several places during the session. American International Group Inc. (AIG) posted a larger than expected fourth-quarter loss. The Commerce Department reported that the nation’s economy grew at a faster pace [...]
Greece Debt Woes Shakeup Stocks; Jobless Claims Spike
February 25th, 2010Stocks were able to cut some earlier losses, but still finished lower as worries about Greece’s debt crisis and other economic data came into play. The Dow Jones Industrial Average shed 53.13 points to finish the day at 10.321.03. Stocks tumbled at the start of session after Standard & Poor’s and Moody’s said they may [...]
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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A group of investment banks which jointly underwrite and distribute a new security offering, or jointly lend money to a specific borrower. A banking syndicate is not a permanent entity, but forms specifically to handle a deal that might be too difficult or too risky for a single underwriter or borrower to handle. also called underwriting group or purchase group or banking syndicate or investment banking syndicate or distributing syndicate.
Dow Extends Winning Streak; Senate Passes Key Jobs Bill
March 17th, 2010Stocks were led higher on Wednesday as investors continued to cheer U.S. and Japanese central banks’ decision to keep interest rates low. The Dow Jones Industrial Average added 47.69 points and extended its longest winning streak since December. Advancers beat decliners nearly 3 to 1 on the New York Stock Exchange, where composite volume stood [...]
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