DailyFinance.comhttp://www.dailyfinance.comDailyFinance.com%http://www.blogsmithmedia.com/BlogURL%/media/feedlogo.gifDailyFinance.comhttp://www.dailyfinance.comen-usCopyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only.Blogsmith http://www.blogsmith.com/Stocks fall on worries that banks' woes are far from overhttp://www.dailyfinance.com/2009/04/20/stocks-fall-on-worries-that-banks-woes-are-far-from-over/http://www.dailyfinance.com/2009/04/20/stocks-fall-on-worries-that-banks-woes-are-far-from-over/http://www.dailyfinance.com/2009/04/20/stocks-fall-on-worries-that-banks-woes-are-far-from-over/#commentsFiled under:

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 287 points, or 3.5 percent, to close at 7,844. Banks led the Dow lower.

Continue reading Stocks fall on worries that banks' woes are far from over


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]]>larry ellisonnetappNTAPvikram panditJon OggMon, 20 Apr 2009 16:20:00 ESTStocks finish slightly higher as Citi, GE report earningshttp://www.dailyfinance.com/2009/04/17/stocks-finish-slightly-higher-as-citi-ge-report-earnings/http://www.dailyfinance.com/2009/04/17/stocks-finish-slightly-higher-as-citi-ge-report-earnings/http://www.dailyfinance.com/2009/04/17/stocks-finish-slightly-higher-as-citi-ge-report-earnings/#comments
American Express (AXP) posted the biggest gains of any of the Dow's 30 component stocks, jumping some 5.4 percent ahead of its first-quarter earnings announcement on Monday.

Continue reading Stocks finish slightly higher as Citi, GE report earnings


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]]>DRYSfeaturedJon OggFri, 17 Apr 2009 16:30:00 ESTLed by banks, tech and an IPO, stocks risehttp://www.dailyfinance.com/2009/04/16/led-by-banks-tech-and-an-ipo-stocks-rise/http://www.dailyfinance.com/2009/04/16/led-by-banks-tech-and-an-ipo-stocks-rise/http://www.dailyfinance.com/2009/04/16/led-by-banks-tech-and-an-ipo-stocks-rise/#comments
Tech stocks like Microsoft (MSFT) and Hewlett-Packard (HPQ) were among the market's biggest gainers today, while Exxon Mobil (XOM) and Chevron (CVX) were among just a few Dow components that fell.

Continue reading Led by banks, tech and an IPO, stocks rise


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]]>deutsche bankjobless claimsregions financialRSTJon OggThu, 16 Apr 2009 16:15:00 ESTNot-as-bad economic data drives stocks higherhttp://www.dailyfinance.com/2009/04/15/closing-bell-when-less-bad-starts-looking-great-axp-dndn-g/http://www.dailyfinance.com/2009/04/15/closing-bell-when-less-bad-starts-looking-great-axp-dndn-g/http://www.dailyfinance.com/2009/04/15/closing-bell-when-less-bad-starts-looking-great-axp-dndn-g/#commentsFiled under:

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, and the Dow Jones Industrial Average rose 109 points, or 1.4 percent, to close at 8,030.

Financial stocks including JPMorgan Chase (JPM) and American Express (AXP) were among the Dow's biggest gainers, while tech companies such as Microsoft (MSFT) and Intel (INTC) fell.

Continue reading Not-as-bad economic data drives stocks higher


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]]>american expresscredit cardsdendreonDNDNfeaturedSaturnsiriusJon OggWed, 15 Apr 2009 16:45:00 ESTBad economic news squashes stockshttp://www.dailyfinance.com/2009/04/14/closing-bell-set-up-profit-taking-on-news-cvx-dndn-fnm-gs/http://www.dailyfinance.com/2009/04/14/closing-bell-set-up-profit-taking-on-news-cvx-dndn-fnm-gs/http://www.dailyfinance.com/2009/04/14/closing-bell-set-up-profit-taking-on-news-cvx-dndn-fnm-gs/#commentsFiled under:

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 5.5 percent. Citi apparently benefited from investor optimism after positive earnings news from Goldman Sachs (GS) and Wells Fargo (WFC), though other bank stocks fell. In fact, American Express (AXP) fell 9.9 percent, making it the DJIA's biggest loser.

Continue reading Bad economic news squashes stocks


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]]>dendreonDNDNfannie maefeaturedtarpJon OggTue, 14 Apr 2009 16:45:00 ESTFinancials power stocks' late rally ahead of big earnings dayhttp://www.dailyfinance.com/2009/04/13/closing-bell-an-almost-but-a-win-ahead-of-earnings-season-axp/http://www.dailyfinance.com/2009/04/13/closing-bell-an-almost-but-a-win-ahead-of-earnings-season-axp/http://www.dailyfinance.com/2009/04/13/closing-bell-an-almost-but-a-win-ahead-of-earnings-season-axp/#commentsFiled under:

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 day's losers, as oil prices dipped below $50 as the International Energy Agency cut its outlook on demand amid the slumping economy. Exxon Mobil (XOM) was one of the Dow's biggest decliners, falling 2.6 percent.

Continue reading Financials power stocks' late rally ahead of big earnings day


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]]>aigcvxdjiagmintuxomJon OggMon, 13 Apr 2009 16:45:00 ESTAnother see-saw day for stocks ends with a gain for the Dowhttp://www.dailyfinance.com/2009/04/08/another-see-saw-day-for-stocks-ends-with-a-gain-for-the-dow/http://www.dailyfinance.com/2009/04/08/another-see-saw-day-for-stocks-ends-with-a-gain-for-the-dow/http://www.dailyfinance.com/2009/04/08/another-see-saw-day-for-stocks-ends-with-a-gain-for-the-dow/#comments
Traders, it would appear, are still using any excuse to take a profit or to lighten up after a four-week run, and there are still buyers out there to meet them.

Continue reading Another see-saw day for stocks ends with a gain for the Dow


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]]>featuredPHMJon OggWed, 08 Apr 2009 16:45:00 ESTConsumer credit drop good news for the frugal, for retailers not so muchhttp://www.dailyfinance.com/2009/04/08/consumer-credit-drop-good-news-for-the-frugal-for-retailers-not/http://www.dailyfinance.com/2009/04/08/consumer-credit-drop-good-news-for-the-frugal-for-retailers-not/http://www.dailyfinance.com/2009/04/08/consumer-credit-drop-good-news-for-the-frugal-for-retailers-not/#commentsFiled under: ,

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 rate of about 3.5 percent or $7.5 billion, to $2.564 trillion. Bloomberg had estimated it would fall by only $3 billion, and Dow Jones, by just $1 billion.

More than $7B may seem huge, but there was a revision in January to higher credit and a final smallish drop in December, and this sort of makes today's reading a wash. January's consumer credit was revised to a gain of $8.1 billion rather than the $1.8 billion rise originally reported; and December's consumer credit fell by $5.6 billion instead of $7.5 billion.

Continue reading Consumer credit drop good news for the frugal, for retailers not so much


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]]>consumer creditMATALFVVisaJon OggWed, 08 Apr 2009 08:45:00 ESTStocks fall again as bulls lose some of their swaggerhttp://www.dailyfinance.com/2009/04/07/closing-bell-bulls-starting-to-lose-confidence-aig-bbi-gm/http://www.dailyfinance.com/2009/04/07/closing-bell-bulls-starting-to-lose-confidence-aig-bbi-gm/http://www.dailyfinance.com/2009/04/07/closing-bell-bulls-starting-to-lose-confidence-aig-bbi-gm/#commentsFiled under:

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 reading due at the end of the month, investors have evidently decided it's wise to take some money off the table for now.

All but two of the Dow's 30 components fell during today's session; Citigroup rose slightly and Microsoft was unchanged.

Continue reading Stocks fall again as bulls lose some of their swagger


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]]>aigAIG asset managementblockbusterGMmicrosoftJon OggTue, 07 Apr 2009 16:30:00 ESTStocks fall short in late push for positive territoryhttp://www.dailyfinance.com/2009/04/06/stocks-fall-short-in-late-push-for-positive-territory/http://www.dailyfinance.com/2009/04/06/stocks-fall-short-in-late-push-for-positive-territory/http://www.dailyfinance.com/2009/04/06/stocks-fall-short-in-late-push-for-positive-territory/#commentsFiled under:

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 firm.

But the Dow Jones Industrial Average bottomed out for the day around noon before staging an afternoon rally that might have returned stocks to positive territory -- if only the trading session had lasted another hour. In the end, the DJIA closed down 42 points, or 0.5 percent, at 7,976.

Continue reading Stocks fall short in late push for positive territory


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]]>AIG private equitygoldman sachssuntim geithnerJon OggMon, 06 Apr 2009 16:30:00 ESTStocks soar as accounting board says 'you bet your assets'http://www.dailyfinance.com/2009/04/02/closing-bell-fasb-says-you-bet-your-assets-amzn-bac-c-do/http://www.dailyfinance.com/2009/04/02/closing-bell-fasb-says-you-bet-your-assets-amzn-bac-c-do/http://www.dailyfinance.com/2009/04/02/closing-bell-fasb-says-you-bet-your-assets-amzn-bac-c-do/#commentsFiled under:

Stocks continued their push higher today, as the Dow Jones Industrial Average spent much of the day above 8,000 before settling down a bit. When the closing bell rang, the DJIA had posted a gain of 216 points, or 2.8 percent, to finish at 7,978.

World leaders at the Group of 20 meetings in London committed to more regulation and more aid for developing nations, which surely boosted stocks. But the real kicker was the end of "mark-to-market" accounting rules that govern how the banks value the illiquid debt assets on their balance sheets. The change sent financial shares soaring, and even stocks which might have otherwise sold off rode the surge.

Continue reading Stocks soar as accounting board says 'you bet your assets'


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]]>FASBken lewismark to marketMGMJon OggThu, 02 Apr 2009 16:45:00 ESTStocks start second quarter higher as home sales and manufacturing surprisehttp://www.dailyfinance.com/2009/04/01/closing-bell-pre-g20-rally-caps-worn-at-april-fools-party-ge/http://www.dailyfinance.com/2009/04/01/closing-bell-pre-g20-rally-caps-worn-at-april-fools-party-ge/http://www.dailyfinance.com/2009/04/01/closing-bell-pre-g20-rally-caps-worn-at-april-fools-party-ge/#commentsDow Jones Industrial Average rose 153 points, or 2 percent, to 7,762.

All but three of the Dow's 30 components rose, including financial shares, the market awaited a decision from regulators on whether to relax rules governing how banks account for toxic assets. General Motors (GM) was the DJIA's biggest loser after reporting March auto sales fell 45 percent.

Continue reading Stocks start second quarter higher as home sales and manufacturing surprise


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]]>featuredFITBHMCJon OggWed, 01 Apr 2009 16:45:00 ESTRally pushes stocks higher to end year's first positive monthhttp://www.dailyfinance.com/2009/03/31/rally-pushes-stocks-higher-to-end-years-first-positive-month/http://www.dailyfinance.com/2009/03/31/rally-pushes-stocks-higher-to-end-years-first-positive-month/http://www.dailyfinance.com/2009/03/31/rally-pushes-stocks-higher-to-end-years-first-positive-month/#comments
Financial stocks, including Citigroup (C), JP Morgan Chase (JPM) and American Express (AXP), performed well, as did Alcoa (AA). New General Motors (GM) CEO Fritz Henderson said bankruptcy has become "more probable" for the automaker, pushing its shares to the biggest loss among Dow component stocks.


Continue reading Rally pushes stocks higher to end year's first positive month


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]]>featuredhuluhyundaiken lewismark to marketJon OggTue, 31 Mar 2009 16:30:00 ESTBad news for autos, banks weighs on stocks, pushing Dow way downhttp://www.dailyfinance.com/2009/03/30/bad-news-for-autos-banks-weighs-on-stocks-pushing-dow-way-down/http://www.dailyfinance.com/2009/03/30/bad-news-for-autos-banks-weighs-on-stocks-pushing-dow-way-down/http://www.dailyfinance.com/2009/03/30/bad-news-for-autos-banks-weighs-on-stocks-pushing-dow-way-down/#commentsFiled under:

From Treasury Secretary Timothy Geithner's statement that more bank bailouts may be needed in the future to Rick Wagoner's unceremonious departure from the helm of General Motors (GM), today's news seemed too heavy for the markets to bear. Financial stocks and GM led the Dow Jones Industrial Average down 254 points, or 3.3 percent, to close at 7,522.

Among the 30 Dow components, only IBM (IBM) and Johnson & Johnson (JNJ) rose, though just barely. In addition to the banks and automakers, aluminum giant Alcoa (AA) also saw its shares plunge.

Continue reading Bad news for autos, banks weighs on stocks, pushing Dow way down


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]]>DRYSUBSJon OggMon, 30 Mar 2009 16:30:00 ESTLed by banks, stocks pare gains to end weekhttp://www.dailyfinance.com/2009/03/27/closing-bell-a-roar-over-a-moo-jpm-gm-vmw-fslr-brk-a/http://www.dailyfinance.com/2009/03/27/closing-bell-a-roar-over-a-moo-jpm-gm-vmw-fslr-brk-a/http://www.dailyfinance.com/2009/03/27/closing-bell-a-roar-over-a-moo-jpm-gm-vmw-fslr-brk-a/#commentsLower income, increased spending. We also saw waves of profit taking ahead of the weekend as the last two weeks have been some of the best moves seen in years.

Bank stocks have driven many of the market's big moves of late, and today was no exception. Citigroup (C) was the biggest loser among the 30 components of the Dow Jones Industrial Average, which fell 148 points, or 1.9 percent, to close at 7,776.

Continue reading Led by banks, stocks pare gains to end week


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]]>aurigacollins stewartfeaturedFSLRjamie dimonVMWvmwareJon OggFri, 27 Mar 2009 16:45:00 ESTStocks emerge from deep dive after Treasury auctionhttp://www.dailyfinance.com/2009/03/25/stocks-emerge-from-deep-dive-after-treasury-auction/http://www.dailyfinance.com/2009/03/25/stocks-emerge-from-deep-dive-after-treasury-auction/http://www.dailyfinance.com/2009/03/25/stocks-emerge-from-deep-dive-after-treasury-auction/#comments
But the Treasury auction followed the UK's disappointing lead and the markets fell deep into negative territory. A late-afternoon recovery came out of nowhere, probably on funds buying in with end-of-the-day orders. When the closing bell rang, the Dow Jones Industrial Average rose 90 points, or about 1.2 percent, to close at 7,750.

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]]>AIGDRYSjim cramerJP MorganJon OggWed, 25 Mar 2009 16:30:00 ESTStocks give back some of yesterday's massive gainshttp://www.dailyfinance.com/2009/03/24/stocks-give-back-some-of-yesterdays-massive-gains/http://www.dailyfinance.com/2009/03/24/stocks-give-back-some-of-yesterdays-massive-gains/http://www.dailyfinance.com/2009/03/24/stocks-give-back-some-of-yesterdays-massive-gains/#commentsFiled under:

Stocks gave up some of yesterday's massive gains, falling sharply in afternoon trading after coming close to breaking even. Bank stocks were particularly hard hit as 27 of the Dow Jones Industrial Average's 30 stocks fell.

Confusing housing data caused another brief hope because of an uptick in prices from December to January, but that was following a downward revision. The Geithner-Bernanke testimony to Congress today did very little for the markets, as the Dow fell 115 points, or 1.5 percent, to close at 7,660.

Continue reading Stocks give back some of yesterday's massive gains


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]]>allerganbernankefeaturedgeithnersaudi aramcoTARPJon OggTue, 24 Mar 2009 16:40:00 ESTStocks stage huge rally after Geithner's toxic asset planhttp://www.dailyfinance.com/2009/03/23/stocks-stage-huge-rally-after-geithners-toxic-asset-plan/http://www.dailyfinance.com/2009/03/23/stocks-stage-huge-rally-after-geithners-toxic-asset-plan/http://www.dailyfinance.com/2009/03/23/stocks-stage-huge-rally-after-geithners-toxic-asset-plan/#commentsinvestors clearly found much to celebrate in today's news. And their revelry sent stocks through the roof: The Dow Jones Industrial Average soared 497 points, or 6.8 percent, to 7,776.

With bank stocks in the lead, the Dow has risen more than 17 percent since hitting its lowest point in more than a decade on March 9.

Continue reading Stocks stage huge rally after Geithner's toxic asset plan


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]]>debt ratingmoodystim geithnertoxic assetsJon OggMon, 23 Mar 2009 16:25:00 EST