Recent companies that have released earnings have had a rough time, to say the least. Apple released a few days ago, and although the tech giant came up short of expectations, much of the fundamental numbers were fairly good. Although profits were up, the company’s stock was punished throughout the week, losing over $30 per […]
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Wednesday started off like so many trading days have recently–down. After the opening bell, the Dow spent most of the morning trending down, going almost to the 11,600 mark. Finally, around one o’clock, the trend reversed and the buyers brought the Dow out of its dive. By the end of the day, […]
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After seeing world markets taking a severe beating over the past two days (and some longer than that), the Fed stepped in Tuesday and cut the key interest rate .75%, marking the biggest one-time cut in rates since 1982. The Dow dropped like a stone as the markets opened on Tuesday, dipping down over […]
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The US markets were closed Monday in accordance with Martin Luther King’s holiday, but financial markets in the rest of the world certainly weren’t celebrating. World markets judged Friday’s lukewarm close along with President Bush’s stimulus package to signs of more rough waters ahead and reacted, or overreacted, accordingly. Almost every major stock […]
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The bears seem to be winning over the bulls in 2008, and Tuesday’s Intel results did nothing to change the perception that the U.S. stock market is in very bad shape. With the financial industry having to be bailed out by Asian and Middle Eastern money, and the housing market still in total capitulation, the […]
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The first week in 2008 ended on an extremely down note, as the DOW dropped 256 points to close at 12,800. The government’s jobs report was released in Friday, stating that December hiring was off, adding to an already unstable economy. Quoting an article on thestreet.com:
The pullback came after the Labor Department reported that 18,000 […]
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2008 started off the same way that 2007 ended as far as the stock markets were concerned. On the first day of trading in the new year, the DOW dumped 220 points, and at some points during the day, was below the 12,000 mark. It did rally a bit to close at 13,043. On the […]
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