Recent Articles
| 4:20 PM 4/20/2009
This was one of those "sell-the-news" trading days that many of the bears were expecting over the last two weeks. Concerns about further credit losses at big banks, spurred by Bank of America's big increase in provisions for bad loans, provided the catalyst.
The Dow Jones Industrial Average fell...
| 4:30 PM 4/17/2009
General Electric climbed and Citigroup fell after each announced first-quarter results this morning, and a key gauge of consumers' mood registered its highest reading since September, with the net effect of pushing the Dow Jones Industrial Average up six points, or 0.07 percent, to 8,131.
American...
| 4:15 PM 4/16/2009
The financial sages have started calling the market grossly overbought on the near-term, but enthusiasm for stocks is exactly as high now as it was low six weeks ago. That optimism pushed the Dow Jones Industrial Average up 96 points, or 1.2 percent, to 8,125 today.
Tech stocks like Microsoft...
| 4:45 PM 4/15/2009
From a slightly higher core reading from the consumer price index to better-than-expect housing data to the Federal Reserve's Beige Book, which revealed that some of the 12 Fed regions are seeing a deceleration in the slowdown, economic news best described as "less bad" helped buoy stocks today,...
| 4:45 PM 4/14/2009
Investors dumped stocks today after a weak retail sales report and lower-than-expected producer price index data showing no inflation. The Dow Jones Industrial Average fell 140 points, or 1.7 percent, to close at 7,918.
Citigroup (C) gained more than any of the Dow's 30 other components, climbing...
| 4:45 PM 4/13/2009
A late-day rally led by financials pushed stocks higher just before the closing bell, but the Dow Jones Industrial Average slipped back to close down 26 points, or 0.3 percent, at 8,058. The broader S&P 500 and the Nasdaq both finished slighly higher for the day.
Energy stocks were among the...
| 4:45 PM 4/8/2009
On an up-and-down day in the markets, a merger of big home builders got the credit for most of the ups and the minutes of the Fed's meeting last month took the blame for most of the downs. A late surge pushed the Dow Jones Industrial Average up 48 points, or 0.6 percent, to close at...
| 8:45 AM 4/8/2009
For years, we became so accustomed to consumer credit going up, up and up, it was one measure of the economy that seemed infinite. In February, however, consumers proved gravity, cutting their borrowings for the fourth time in the last six months. Consumer credit outstanding fell by an adjusted...
| 4:30 PM 4/7/2009
It appears the bulls are starting to lose confidence, as the Dow Jones Industrial Average fell for the second day, declining 186 points, or 2.3 percent, to close at 7,790. With a deluge of earnings announcements just over the horizon and a very likely dismal first-quarter gross domestic product...
| 4:30 PM 4/6/2009
Stocks fell sharply to start today's trading session. Treasury Secretary Timothy Geithner's comments about running out management and boards of directors at banks which need capital did not help, nor did an influential banking analyst coming out with very negative coverage of the sector at a new...