Sears Profits, Treasuries Sink, Stocks Lower
Stocks ended the pre-Memorial day week lower after trading in positive territory for most of the day. Strong earnings out of retail giant, Sears lifted consumer retail shares but 10 year Treasury Bills fell sharply on credit concerns.
Britain Downgraded, IPO on Fire, General Motors Soars
stocks closed down for the third day in a row as word of a potential credit downgrade of Britain by Standard & Poors and grim job news hit the wires.
Fed Turns Pessimistic, Dollar falls, Stocks Down
Stocks reacted by selling off hard after the FOMC minutes were released closing in negative territory across the board. The USD reacted in similar fashion dropping quickly against the Euro.
Credit Cards Crackdown, Housing Hurt, Stocks See-saw
Bad news from the housing front with dreadful housing start figures pushed stocks lower at the open but advancing commodity and utility producers kept shares see-sawing throughout the day.
Communism Defeated, Stocks Surge, Banks Bounce
Following positive housing data and good news from the banking sector, the bulls regained control today as U.S. stocks surged higher, making up some of last week’s losses.
Free Viagra, Shrinking Stocks, Car Dealer Apocalypse
U.S. stock market ended in the red on the last trading day of the week. It’s apocalypse now for over 1100 General Motors auto dealers who received notice today of imminent closure.
Sinking Retail Sales, Record Foreclosures, Stocks Drop
Bad news from the retail sales front and record foreclosure filings knocked stocks off their uptrend for another day.
Greenspan Positive, Stocks Mixed, Sales Dilute
Tuesday was a roller coaster day with the market up and down across the breakeven point several times. Fossil, the watch maker, crushed analysts earnings estimates sending shares higher by 9.17%.
Microsoft Debt, Stocks Tumble, Banks Dilute
An interesting trading day with Microsoft announcing its first ever debt offering and bank stocks heading lower across the board also worked to depress the market on Monday.
Banks Rally, Stocks Soar, Fannie Mae Trouble
Stocks closed solidly higher today as investors felt relief concerning the results of the bank stress test and better than expected job loss reports.
Bonds Sink Stocks, Consumer Credit Crash, Hedge Funds Surprise
A lack luster bond auction combined with anxiety over the actual bank stress test results released this evening weighed heavily on stocks today.
Jobs Surprise, Stress Test So Good So Far, Stocks Up
A positive day in the stock market after the ADP job’s report surprised by beating estimates. The real market test will come tomorrow after the actual results are released from the federal stress test.