Geithner’s Novel Plan, Mixed Monday, Oil Dips
Oil dipped dramatically in response to the overall consumer spending slowdown while stocks closed mixed on the day. The DJIA gave back 64.11 points.
Bad Bank Broke, Stocks Extend Loss, GDP Down Big
News of Obama’s bad bank being broke prior to its actual creation, combined with the steepest decline in the Gross National Product GDP since 1982 sent stocks plunging lower.
ETNs vs. ETFs – Which Fits You Best?
Long-time TradingMarkets regular Dave Goodboy provides a basic understanding of Exchange Traded Notes and explains the differences between ETNs and ETFs so that traders can choose which exchange traded product fits their investment criteria.
Obama Battles Bonuses, Stocks Drop, Ford Hits Credit
The stock market dropped steeply today on the back of weak earnings and rising unemployment claims. 3M was the largest gainer in the DJIA adding 2.02% after beating analysts profit estimates.
Stocks Roar, Financials Lead, Rates Steady
The FOMC’s decision to keep interest rates steady near zero combined with optimism over the government’s plan to buy banks troubled assets triggered an aggressive full day of up moves in the stock market.
Home Sales Surge, Stocks Rally, Oil Down Steep
Strong earnings from multiple companies triggered a nice across the board rally in the stock market. However, weak Consumer Confidence figures pushed oil prices down steeply.
Stocks Jump, Wyeth Sold, Home Sales Surprise
The stock market surged today on a positive home sales figure, optimism over Pfizer buying out Wyeth, and rising leading economic indicators. The DJIA surged intraday prior to pulling back, closing up 38.47 points.
Stocks Mixed, Google Lifts Nasdaq, Dow Deal Go
Stocks closed mixed today as optimism concerning the bail out plan was counteracted by a severe drop in General Electric’s and other companies’ profit. The major indexes closed well off their daily lows, thanks to Google’s better than expected results.
Stocks Spooked, Housing Starts Slammed, Jobless Jump
Stocks closed down today, but well above their worst levels, after being spooked by disappointing earnings and recession fears. Lowest housing starts combined with jumping jobless claims further rattled the market
Stocks Rally, IBM Optimistic, Oil Soars
The stock market rallied today on IBM’s optimistic 2009 forecast and a bounce in the financials. The Major indexes all closed in the green with the DJIA up 279.01points.
Market Confidence Crisis, Bernanke Hints at Rate Cut, 700 Billion Not Enough
Investor fear over a worsening global credit crunch led to another major drop in stocks, with the Dow down over 500 points by Tuesday’s close.
Buffett’s Giant Gamble, Lawmakers Cripple Bernanke, Stocks Mixed
Warren Buffett is betting on the financials, investing $5 billion into the beaten down Goldman Sachs. Bernanke and Paulson testified before Congress today as well.