2009 Archive: Day Traders Diary
December 31, 2009
U.S. stocks opened slightly higher on Thursday, and were set to post strong gains for the year, as a bigger-than-expected drop in jobless claims further boosted hopes for the economy to recover. The Dow Jones Industrial Average rose 4 points to 10,554, receiving a boost from shares of Walt... Read More
December 30, 2009
U.S stocks turned slightly higher early Wednesday after a report that pointed to a recovery in manufacturing in the Chicago region. The Dow Jones Industrial Average rose 2 points to 10,545. The S&P 500 index gained 10 cents to 1,126, while the Nasdaq Composite rose 3 points... Read More
December 29, 2009
U.S. stocks rose at the open on Tuesday, continuing a six-session winning streak in thin holiday volumes, with investors expected a key gauge of consumer sentiment to be bullish. The Dow Jones Industrial Average rose 18 points to 10,565, with shares of Walt Disney leading the gains even... Read More
December 28, 2009
U.S. stocks opened higher on Monday, as upbeat holiday retail sales numbers lifted hopes for the economic recovery, helping offset weakness in airlines after Friday’s foiled plot to blow up a U.S. passenger jet. The Dow Jones Industrial Average rose 27 points to 10,548, with 20 of its 30... Read More
December 28, 2009
U.S. stocks opened higher on Monday, as upbeat holiday retail sales numbers lifted hopes for the economic recovery, helping offset weakness in airlines after Friday’s foiled plot to blow up a U.S. passenger jet. The Dow Jones Industrial Average rose 27 points to 10,548, with 20 of its 30... Read More
December 24, 2009
U.S. stock indexes opened higher Thursday, supported by early reports that showed U.S. jobless claims in the latest week fell to 452,000 and orders for durable goods, excluding transportation, strengthened last month. S&P 500 rose 3 points to 1,123, led by gains in materials and financials sectors. The... Read More
December 23, 2009
U.S. stocks on Wednesday started tentatively higher for a fourth straight day of gains after the Commerce Department reported U.S. income and spending climbed in November. The Dow Jones Industrial Average gained 14 points to 1,115. The S&P 500 Index added 3 points to 1,121. The Nasdaq Composite... Read More
December 22, 2009
U.S. stocks opened modestly higher following government data indicating that economic growth in the third quarter was not as strong as initially forecasted. The Dow Jones Industrial Average gained 40 points to 10,454. The S&P 500 Index added 4 points to 1,118. The Nasdaq Composite rose 10 points... Read More
December 22, 2009
U.S. stocks opened modestly higher following government data indicating that economic growth in the third quarter was not as strong as initially forecasted. The Dow Jones Industrial Average gained 40 points to 10,454. The S&P 500 Index added 4 points to 1,118. The Nasdaq Composite rose 10 points... Read More
December 21, 2009
U.S. stocks began strongly higher on Monday, with telecom and information technology shares up the most, after some positive earnings reports and M&A activity in the pharmaceutical sector boosted sentiment. The Dow Jones Industrial Average rose 86 points to 10,415. The S&P 500 Index climbed 11... Read More
December 18, 2009
U.S. stocks opened higher on Friday with sentiment lifted by better-than-expected earnings results from the technology sector. The Dow Jones Industrial Average gained 32 points to 10,340. The S&P 500 Index rose 4 points to 1,100. The Nasdaq Composite Index added 15 points to 2,195. In the tech sector Oracle... Read More
December 17, 2009
U.S. stock losses intensified early Thursday as investors tracked the move up in the U.S. dollar and weak economic data. The Dow Jones Industrial Average fell 91 points to 10,349. The S&P 500 Index declined 10 points to 1,099. The Nasdaq Composite shed 23 points to 2,183. The... Read More
December 16, 2009
U.S. stocks opened higher on Wednesday after mixed economic data, including a November rise in consumer prices, led by climbing energy costs. The Dow Jones Industrial Average rose 43 points to 10,495. The S&P 500 Index climbed 6 points to 1,114. The Nasdaq Composite Index added 13 points... Read More
December 15, 2009
U.S. stocks opened lower on Tuesday after the government said wholesale inflation climbed more than anticipated last month. The rise is likely to be a topic for discussion at a two-day meeting of Federal Reserve officials that starts later in the day. After four sessions in a row of... Read More
December 14, 2009
U.S. stocks opened higher on Monday, as investors cheered a $10 billion rescue of Dubai by Aby Dhabi and news of Exxon Mobil’s plan to buy XTO Energy for $41 billion. The Dow Jones Industrial Average gained 24 points to 10,495, lifted by... Read More
December 11, 2009
U.S. stocks extended early Friday gains after an upbeat reading on consumer sentiment followed a better-than-expected U.S. retail sales report for November. The Dow Jones Industrial rose 55 points to 10,461. United Tech is up 2% after reiterating guidance. Alcoa is up 6% on an upgrade. Disney... Read More
December 10, 2009
U.S. stocks started higher on Thursday after the count of those filing for initial jobless benefits during the past four weeks declined and the trade deficit narrowed as the weaker dollar bolstered exports. The Dow Jones Industrial Average advanced 96 points to 10,433. The S&P 500 Index rose... Read More
December 9, 2009
U.S. stocks turned lower after a mildly higher start, with investors digesting news that the U.S. Treasury would extend the TARP program through next October. Information technology shares weighed the most, while the health care sector offered limited gains. The Dow Jones Industrial Average fell 25 points... Read More
December 8, 2009
U.S. stocks opened steeply lower on Tuesday, with materials and consumer discretionary shares down the most, as credit and financial worries rose around the globe. The Dow Jones Industrial Average dropped 113 points to 10,276. The S&P 500 Index slid 11 points to 1,091, and the Nasdaq Composite Index... Read More
December 7, 2009
U.S. stocks posted mild gains early Monday after faltering at the start, with telecommunication and utility shares fronting the rise thanks to a positive Barrons piece. The Dow Jones Industrial Average added 16 points to 10,405. The S&P 500 Index added a point to 1,107. The Nasdaq Composite rose a... Read More
December 4, 2009
U.S. stocks opened robustly higher Friday after the November unemployment report exceeded expectations, with the unemployment rate falling from 10.2% in October to 10% last month. The Dow Jones Industrial Average gained 102 points to 10,468. The S&P 500 Index added 12 points to 1,112. The Nasdaq Composite... Read More
December 3, 2009
U.S. stocks opened higher on Thursday after the government said new jobless claims unexpectedly dropped last week, and after Bank of America said it would repay $45 billion in bailout funds. The Dow Jones Industrial Average gained 40 points to 10,493. The S&P 500 Index rose 5 points... Read More
December 2, 2009
U.S. stocks tallied mild gains Wednesday after a tentative start, with investors mulling the ADP employment report, which found a bit more private-sector jobs were lost last month than forecast. The Dow Jones Industrial Average rose 10 points to 10,482. The S&P 500 Index inched up 2... Read More
December 1, 2009
U.S. stocks start the month of December sharply higher ahead of economic reports on housing and manufacturing. The Dow Jones Industrial Average gained 109 points to 10,454. The S&P 500 rose 12 points to 1,107 while the Nasdaq Composite added 25 points to 2,169. The retailers and commodities are... Read More
November 30, 2009
U.S. stocks opened mildly lower Monday as investors weighed Dubai’s debt trouble against some hopeful signals on U.S. holiday sales. The Dow Jones Industrial Average fell 26 points to 10,283. The S&P 500 Index was off a point to 1,089. The Nasdaq Composite shed 6 points to 2,131.... Read More
November 27, 2009
U.S. stocks fell sharply at the open on Friday, as traders returned from the Thanksgiving holiday to be met by global nervousness over debt woes for Dubai World. The Dow Jones Industrial Average dropped 201 points, or 1.9%, to 10,261, weighed down by more than 3% drops... Read More
November 25, 2009
U.S. stocks were mildly up after better-than-anticipated data on the jobs market. The Dow Jones Industrial Average gained 5 points to 10,439. The S&P 500 added 55 cents to 1,106. The Nasdaq Composite rose 4 points to 2,173. A couple of earnings reports out this morning. Tiffany is up... Read More
November 24, 2009
U.S. stocks started mildly lower on Tuesday, with energy shares pacing the decline as oil futures dropped 80 cents to under $77 a barrel. The Dow Jones Industrial Average dropped 16 points at 10,434. The S&P 500 Index shed 2 points to 1,104. The Nasdaq Composite declined... Read More
November 23, 2009
U.S. stocks rallied at Monday’s start, with energy and materials fronting the gains as gold and other commodities soar thanks to a weaker U.S. dollar. The Dow Jones Industrial Average rose 107 points to 10,426. The S&P 500 Index climbed 14 points to 1,106. The Nasdaq Composite gained... Read More
November 20, 2009
U.S. stocks tilted lower at Friday’s start as investors fled to the relative safety of the dollar and bonds. The Dow Jones Industrial Average fell 20 points to 10,312. The S&P 500 shed 3 points to 1,091. The Nasdaq Composite Index declined 12 points to 2,144. An earnings disappointment... Read More
November 19, 2009
U.S. stocks started lower on Thursday thanks to a rally in the U.S. dollar. The Dow Jones Industrial Average fell 64 points to 10,361. The S&P 500 Index declined 9 points to 1,100. The Nasdaq Composite Index shed 21 points to 2,171. I hate to say it,... Read More
November 18, 2009
U.S. stocks opened lower on Wednesday, after news that U.S. housing construction weakened last month dampened bullish sentiment. The Dow Jones Industrial Average was declined 11 points to 10,425. The S&P 500 index traded up fractionally to 1,110. The Nasdaq Composite fell 6 points to 2,197. A number... Read More
November 17, 2009
U.S. stocks opened under pressure on Tuesday, after leaping to 13-month highs in the previous session. The dollar bounced back slightly from 15-month lows, pressuring commodities and related sectors, such as energy, which had rallied on Monday. In early action, the Dow Jones Industrial Average fell 6 points to... Read More
November 16, 2009
U.S. stocks opened higher on Monday, with energy shares fronting the gains, after the Commerce Department reported retail sales rebounded in October, lifted mostly by auto sales. The Dow Jones Industrial Average climbed 59 points to 10,329. The S&P 500 Index rose 8 points to 1,102. The Nasdaq... Read More
November 13, 2009
It’s Friday the 13th, or in these parts, it’s Colgate Day. The markets open modestly higher with consumer discretionary shares fronting the gains following Walt Disney’s better than expected results. The Dow Jones Industrial Average rose 17 points to 10,214. Disney is trading up 4%. The S&P... Read More
November 12, 2009
U.S. stocks started with a mild retreat on Thursday even though the news is pretty good this morning. The Dow Jones Industrial Average fell 10 points to 10,280. Walmart is higher after beating earnings estimates. The S&P 500 declined a point to 1,096. The Nasdaq Composite fell a... Read More
November 11, 2009
U.S. stocks opened higher on Veterans Day, with the blue chips extending their stretch of wins into a sixth day after strong manufacturing and retail sales data from China bolstered sentiment. The Dow Jones Industrial Average added 52 points to 10,299. The S&P 500 Index added 7 points... Read More
November 10, 2009
U.S. stocks started slightly lower on Tuesday, with equities and commodities retreating as the dollar gained some steam. After the prior day’s 200-point climb, the Dow Jones Industrial Average fell 9 points to 10,217. The S&P 500 Index shed a point to 1,091 and the Nasdaq Composite declined 2... Read More
November 9, 2009
U.S. stocks opened higher on Monday, with financials fronting the rise, after a weekend gathering of world financial leaders bolstered sentiment about a global recovery. The Dow Jones Industrial Average added 59 points to 10,082. The S&P 500 Index rose 8 points to 1,077. The Nasdaq Composite climbed... Read More
November 6, 2009
U.S. stocks opened lower on Friday, with investors disheartened by the October jobs report, which had the unemployment rate hitting 10.2%. The Dow Jones Industrial Average fell 41 points to 9,964. The S&P 500 Index dropped 4 points to 1,062, while the Nasdaq Composite declined 5 points... Read More
November 5, 2009
U.S. stocks opened higher on Thursday after jobless claims and productivity reports proved more upbeat than expected, while networking equipment maker Cisco Systems reported a bounce back in sales. The Dow Jones Industrial Average rose 84 points to 9,886. The S&P 500 Index added 7 points to 1,053.... Read More
November 4, 2009
U.S. stocks started higher on Wednesday as the market anticipates the Federal Reserve’s current take on the economy. The Dow Jones Industrial Average climbed 55 points to 9,827. The S&P 500 Index added 7 points to 1,053. The Nasdaq Composite rose 11 points to 2,068. The financials are rallying... Read More
November 3, 2009
U.S. stocks started lower on Tuesday, with Warren Buffett’s deal for railway Burlington Northern Santa Fe only slightly offsetting a decline in financial shares, hit in part by poor results from Swiss lender UBS. The Dow Jones Industrial Average fell 59 points to 9,729. The S&P 500... Read More
November 2, 2009
U.S. stocks started higher on Monday, with a surprise profit from Ford Motor bolstering market sentiment. The Dow Jones Industrial Average rose 42 points to 9,754. The S&P 500 Index rose 6 points to 1,042. The Nasdaq Composite gained a point to 2,046. Ford is the diamond of the... Read More
October 30, 2009
U.S. stocks open lower following a strong rebound yesterday. The Dow Jones Industrial Average dropped 53 points to 9,911. The S&P 500 shed 5 points to 1,060. The Nasdaq Composite fell 4 points to 2,092. Better than expected economic data and earnings reports are not helping this... Read More
October 29, 2009
U.S. stocks opened solidly higher on Thursday, regaining some traction after a 4% slide in the last two weeks. A better than expected third quarter GDP number of 3.5% ease many fears of a slower than expected economic rebound. The Dow Jones Industrial Average rose 58 points to... Read More
October 28, 2009
U.S. stocks slipped at Wednesday’s start, with energy and technology shares leading the decline, as investors grew cautious about the strength of the economic rebound. The Dow Jones Industrial Average fell 21 points to 9,860. The S&P 500 Index declined 3 points to 1,059 while the Nasdaq Composite... Read More
October 27, 2009
U.S. stocks rebound today following a couple of down days in a row. The Dow Jones Industrial Average added 46 points to 9,914. The S&P 500 Index gained 4 points to 1,071. The Nasdaq Composite rose 4 points to 2,146. The earning season is winding down. A... Read More
October 26, 2009
U.S. stocks started Monday modestly higher, with energy and tech shares fronting the gains. The Dow Jones Industrial Average rose 24 points to 9,996. The S&P 500 Index gained 3 points to 1,082, while the Nasdaq Composite climbed 9 points to 2,164. Barrons over the weekend was... Read More
October 23, 2009
U.S. stocks sputter on the start with only the technology-laden Nasdaq Composite retaining strong gains after Microsoft and Amazon’s earnings both easily topped expectations. The Dow Jones Industrial Average opened flat at 10,081. The S&P 500 rose a point to 1,093. The Nasdaq rose 17 points to 2,182. Amazon... Read More
October 22, 2009
U.S. stocks open modestly higher following a sharp sell off late in the day yesterday. The Dow Jones Industrial Average rose 31 points to 9,981. The Dow is higher thanks to better than expected earnings from Travelers, McDonalds, 3M, and AT&T. The S&P 500 gained nearly a point to... Read More
October 21, 2009
U.S. stocks struggled on the start for a second straight day even as earnings keep coming in better than expected. The Dow Jones Industrial Average rose 4 points to 10,045. The S&P 500 Index added a point to 1,092. The Nasdaq Composite Index added 5 points to 2,168. The... Read More
October 20, 2009
U.S. stocks started Tuesday mildly lower after the government reported housing starts that came in under expectations. Strong earnings from a number of techs did little to lift investor’s enthusiasm. The Dow Jones Industrial Average fell 10 points to 10,081. The S&P 500 declined a point to... Read More
October 19, 2009
U.S. stocks opened mildly higher on Monday ahead of quarterly results from technology companies Apple and Texas Instruments. The Dow Jones Industrial Average rose 16 points to 10,012. The S&P 500 Index gained 2 points to 1,090, and the technology-laden Nasdaq Composite advanced 5 points to 2,162.... Read More
October 16, 2009
U.S. stocks declined sharply at Friday’s start, with disappointing results from Bank of America, IBM, and General Electric. The Dow Jones Industrial Average fell 89 points to 9,973. Bank of America, IBM, and GE are all down over 4%. The S&P 500 declined 9 points to... Read More
October 16, 2009
U.S. stocks declined sharply at Friday’s start, with disappointing results from Bank of America, IBM, and General Electric. The Dow Jones Industrial Average fell 89 points to 9,973. Bank of America, IBM, and GE are all down over 4%. The S&P 500 declined 9 points to 1,086.... Read More
October 15, 2009
U.S. stocks opened lower on Thursday, a day after a strong rally took the Dow Industrials back above 10,000 for the first time in over a year. The Dow Jones Industrial Average fell 15 points to 9,998, with 17 of its 30 components trading lower. The S&P 500... Read More
October 14, 2009
October 14, 2009
U.S. stocks on Wednesday surged at the start, with investor sentiment lifted by retail sales and quarterly results from Intel and J.P. Morgan Chase. The Dow Jones Industrial Average rose 99 points to 9,970. The S&P 500 Index added 12 points to 1,085, while the Nasdaq... Read More
October 13, 2009
U.S. stocks on Tuesday struggled in mixed terrain shortly after the opening bell, with investors braced for more earnings after mixed results from health-care giant Johnson & Johnson. The Dow Jones Industrial Average fell 22 points to 9,863. J&J is down 3% even though they beat results due... Read More
October 7, 2009
U.S. stocks started mildly lower on Wednesday after a sharp two-day run higher, with investors stepping back as earnings season kicks off with Alcoa reporting results tonight. The Dow Jones Industrial Average fell 17 points to 9,713. The S&P 500 fell a point to 1,053, while the... Read More
October 6, 2009
U.S. stocks started higher on Tuesday, continuing the prior session’s sharp rebound from a four-day stretch of losses, with investors looking ahead to earnings season over the next several weeks. The Dow Jones Industrial Average rose 75 points to 9,674. The S&P 500 Index climbed 9 points to... Read More
October 5, 2009
U.S. stocks opened higher on Monday, lifted by several upgrades of bank stocks by Goldman Sachs but with gains capped by caution ahead of a U.S. service-sector survey by the Institute of Supply Management. The Dow Jones Industrial Average gained 2 points to 9,490. The S&P 500 Index... Read More
October 2, 2009
U.S. stocks open sharply lower, extending the prior session’s steep decline, after the September jobs report indicated that job losses exceeded expectations and the rate of unemployment rose to 9.8%. The Dow Jones Industrial Average fell 58 points to 9,452. The S&P 500 dipped 7 points to 1,022. The... Read More
October 1, 2009
U.S. stocks on Thursday began the final quarter of the year modestly down after economic reports included an unexpectedly sharp rise in weekly jobless claims. The Dow Jones Industrial Average shed 42 points to 9,669. Alcoa is up 2% on an upgrade. The S&P 500 Index fell 5 points... Read More
September 30, 2009
U.S. stocks on Wednesday opened modestly higher to cap off one of the best third quarters in years. The Dow Jones Industrial Average gained 4 points to 9,747. The S&P 500 Index added a point to 1,061 while the Nasdaq Composite rose 5 points to 2,129. The financing... Read More
September 29, 2009
U.S. stock indexes on Tuesday opened mildly ahead, with equities drawing a slight lift from a monthly rise in U.S. home prices. The Dow Jones Industrial Average added 15 points to 9804. The S&P 500 Index gained 2 points to 1,065. The Nasdaq Composite rose 3 points... Read More
September 28, 2009
U.S. stocks opened modestly higher on Monday, with information technology shares fronting the gains in the wake of a number of deals. The Dow Jones Industrial Average rose 49 points to 9,711. The S&P 500 Index gained 6 points to 1,050. The Nasdaq Composite added 14 points to 2,105.... Read More
September 25, 2009
U.S. stocks on Friday opened lower after the Commerce Department reported a disappointing decline in August orders for durable goods. The Dow Jones Industrial Average fell 25 points to 9,682. The S&P 500 Index dropped 3 points to 1,046. The Nasdaq Composite shed 11 points to 2,095. Besides the... Read More
September 24, 2009
U.S. stocks started higher on Thursday, with investors heartened by better-than-expected news on the employment front. The Dow Jones Industrial Average added 40 points to 9,789. The S&P 500 Index gained 2 points to 1,063. The Nasdaq Composite rose 5 points to 2,136. The earnings keep flooding in.... Read More
September 23, 2009
U.S. stocks on Wednesday opened tentatively higher, with investors reluctant to move ahead of the Federal Reserve’s interest-rate decision in the afternoon. The central bank is widely expected to keep benchmark rates near zero, but its statement could yield clues on future moves. The Dow Jones Industrial Average... Read More
September 22, 2009
U.S. stocks on Tuesday began higher, following a one day pullback. The Dow Jones Industrial Average added 40 points to 9,819. The S&P 500 gained 5 points to 1,069 while the technology-laden Nasdaq Composite climbed 9.19 points to 2,147. The U.S. dollar is dropping once again lifting... Read More
September 21, 2009
U.S. stocks opened lower on Monday, with investors stepping back after a lengthy run higher toward 10,000. The Dow Jones Industrial Average fell 75 points to 9,745. The S&P 500 Index shed 9 points to 1,058. The Nasdaq Composite fell 13 points to 2,119. The commodities are fronting the... Read More
September 18, 2009
U.S. stocks open higher once again on this triple witching day, with the major indexes on track for weekly gains of more than 2%, continuing the market’s recent rise to new highs for the year. The Dow Jones Industrial Average added 56 points to 9,840. P&G is up... Read More
September 17, 2009
U.S. stocks sputter at the start following mostly upbeat economic data and earnings reports. The Dow Jones Industrial Average added 12 points to 9,804. The S&P 500 inched up fractionally to 1,069 while the Nasdaq Composite held steady at 2,133. Plenty of upgrades as the analyst community warms... Read More
September 16, 2009
U.S. stocks open modestly higher with a positive reading on industrial production in August helping fuel gains led by the energy and materials sectors. The industrial production has risen in back-to-back months for the first time since December 2007. The Dow Jones Industrial Average rose 38 points to 9,721.... Read More
September 15, 2009
U.S. stocks edged slightly higher after Tuesday’s start, tentatively extending gains into a second day, as a healthy rise in U.S. retail sales in August helped lift investor sentiment. The Dow Jones Industrial Average rose 10 points to 9,637. The S&P 500 Index added a point to 1,050... Read More
September 14, 2009
U.S. stocks on Monday started lower, with energy and financial shares down the most, as worries about a trade dispute weighed after news of U.S. tariff actions on Chinese tires. The Dow Jones Industrial Average fell 59 points to 9,546. The S&P 500 Index shed 6 points to 1,036,... Read More
September 11, 2009
U.S. stocks edged higher shortly after Friday’s start, on this sober 9/11 or as its’ called today Patriots Day. The Dow Jones Industrial Average gained 8 points to 9,634. The S&P 500 Index added 2 points to 1,046, while the Nasdaq Composite inched up a point to 2,085. The... Read More
September 11, 2009
September 11, 2009
U.S. stocks edged higher shortly after Friday’s start, on this sober 9/11 or as its’ called today Patriots Day. The Dow Jones Industrial Average gained 8 points to 9,634. The S&P 500 Index added 2 points to 1,046, while the Nasdaq Composite inched up a... Read More
September 10, 2009
U.S. stock indexes on Thursday turned mostly lower in volatile early trade, with upbeat guidance from the technology sector and Dow component and household name Procter & Gamble helping bolster investor sentiment. The Dow Jones Industrial Average opened up 2 points higher at 9,549. P&G is up 3%. Pfizer... Read More
September 9, 2009
U.S. stocks opened slightly lower today which is 09/09/09. Very little news to move the markets this morning. Wallstreet awaits the assessment of the economy by the Federal Reserve minutes later this afternoon. The Dow Jones Industrial Average fell 13 points to 9,487. Among the Dow components, shares of... Read More
September 8, 2009
U.S. stocks on Tuesday started higher, extending gains into a third straight session, as investors and Wallstreeters comes back to work from their summer vacation. The Dow Jones Industrial Average rose 63 points to 9,504. The S&P 500 Index gained 9 points to 1,026 while the Nasdaq... Read More
September 4, 2009
U.S. stocks open modestly higher following mixed economic data. In the month of August, job losses were less than expected, but the unemployment number rose to 9.7%, a 26 year high. The Dow Jones Industrial Average gained 24 points to 9,369. The S&P 500 Index added 3 points... Read More
September 3, 2009
U.S. stocks on Thursday opened higher after a four-day run of losses. Retailers are reporting mixed August same store sales results while the economic data showed jobless claims exceeded expectations. The Dow Jones Industrial Average rose 39 points to 9,320. The S&P 500 added 5 points to 1,000 while... Read More
September 2, 2009
U.S. stocks slumped at the start on Wednesday, extending the market’s longest losing streak since late June into a fourth consecutive day. News that U.S. companies cut more jobs than expected in August didn’t help sentiment. The Dow Jones Industrial Average declined 3 points to 9,307. The... Read More
September 1, 2009
U.S. stocks started on the defensive on Tuesday, kicking off what historically has been the worst month for equities. The Dow Jones Industrial Average fell 25 points to 9,470. The S&P 500 shed 2 points to 1,018, while the Nasdaq Composite declined fractionally to 2,008. The techs are... Read More
August 31, 2009
U.S. stocks start the last day of the month to the downside in the wake of a sharp decline in Chinese equities. The Dow Jones Industrial Average fell 68 points to 9,475. The S&P 500 Index declined 9 points to 1,019 while the Nasdaq Composite dropped 17... Read More
August 28, 2009
U.S. stocks opened higher on Friday, with information technology shares fronting the gains after better-than-anticipated earnings from Dell and raised guidance at Intel. The Dow Jones Industrial Average added 25 points to 9,606. The S&P 500 Index climbed 6 points to 1,037, while the Nasdaq Composite... Read More
August 27, 2009
U.S. stocks declined on the open following a government reported that the recession eased in the second quarter, but fell for a fourth consecutive quarter for the first time since the Great Depression. The Dow Jones Industrial Average slid 3 points to 9,523. Boeing is bucking the... Read More
August 26, 2009
U.S. stocks dipped at Wednesday’s start, with energy shares weighing on the broad market. Better than expected durable good sales did little to stimulate the markets. The Dow Jones Industrial Average fell 12 points to 9,526. The S&P 500 declined 2 points to 1,025, while the Nasdaq Composite shed... Read More
August 25, 2009
U.S. stocks started higher on Tuesday, with the Dow Jones Industrial Average extending gains into a sixth session, after President Obama renominated Ben Bernanke as chairman of the Federal Reserve, and home pricing data proved better than expected. The Dow Jones Industrial Average gained 37 points... Read More
August 24, 2009
U.S. stocks on Monday started higher, extending gains into a fifth day, as Federal Reserve Chairman Ben Bernanke and other central bankers around the globe bolstered optimism on the economic recovery. The Dow Jones Industrial Average rose 47 points to 9,553. The S&P 500 Index added 6 points to... Read More
August 21, 2009
U.S. stocks kicked off Friday sharply higher with energy stocks in the lead with crude prices pushing to new highs of the year above $74 a barrel. The Dow Jones Industrial Average rose 45 points to 9,395. The S&P 500 Index added 6 points to 1,013 while the Nasdaq... Read More
August 20, 2009
U.S. stocks open modestly higher following disappointing data showing jobless claims unexpectedly rose this last week. The Dow Jones Industrial Average added 11 points to 9,290. The S&P 500 Index rose 2 points to 999 while Nasdaq Composite added 6 points to 1,976. The retailers are in... Read More
August 19, 2009
U.S. stocks dropped at Wednesday’s start after another steep drop in Chinese equities fanned worries that stock evaluations had surpassed expectations of a global economic recovery. The Dow Jones Industrial Average fell 73 points to 9,144. Alcoa is down 5% on a downgrade from Goldman Sachs. The S&P... Read More
August 18, 2009
U.S. stocks on Tuesday started mildly higher, with financial and consumer discretionary shares fronting the bounce back after the prior session’s big hit. Better than expected inflation data is also lending support. The Dow Jones Industrial Average added 38 points to 9,174. American Express is up 3% on... Read More
August 17, 2009
U.S. stocks opened steeply lower on Monday following weakness in China and Europe. Everyone wants the markets to pull back, and at least for today, they are getting what they want. The Dow Jones Industrial Average fell 141 points to 9,179. The S&P 500 Index dropped 17 points to... Read More
August 14, 2009
U.S. stocks opened modestly lower on Friday, with the S&P 500 poised to snap a four-week winning streak, after benign economic data failed to bolster sentiment. The Dow Jones Industrial Average fell 35 points to 9,362. The S&P 500 Index shed 3 points to 1,009 while the Nasdaq... Read More
August 13, 2009
U.S. stocks started Thursday’s session modestly higher, with disappointing data on July retail sales and the jobs market hampering enthusiasm over results from Walmart. The Dow Jones Industrial Average rose 12 points to 9,374. Walmart is up 2%. The S&P 500 Index added 3 points to 1,009. The Nasdaq... Read More
August 12, 2009
U.S. stocks on Wednesday sputtered slightly higher at the start, with investors offering a tentative stance ahead of the conclusion of a two-day Federal Reserve meeting later in the afternoon. The Dow Jones Industrial Average added 10 points to 9,251. The S&P 500 Index gained a point to... Read More
August 11, 2009
U.S. stocks open modestly lower due to more profit-taking. Encouraging housing data and a jump in second-quarter industrial production did little to boost investor sentiment. The Dow Jones Industrial Average fell 38 points to 9,299. The S&P 500 dropped 3 points to 1,003 while the Nasdaq Composite declined... Read More
August 10, 2009
U.S. stocks opened slightly lower on Monday, hit bit a bout of profit taking from last week’s gains ahead of what is expected to be a busy week, including the Federal Reserve’s monetary policy meeting on Tuesday and Wednesday. The Dow Jones Industrial Average fell 23 points... Read More
August 7, 2009
U.S. stocks rallied at the open Friday, after the government reported the economy shed a smaller-than-forecast 247,000 jobs in July, while the unemployment rate unexpectedly fell back to 9.4%. The Dow Jones Industrial Average rose 85 points to 9,342, with all but one of its 30 components advancing.... Read More
August 6, 2009
U.S. stocks opened modestly higher on Thursday, with shares of insurer AIG and other financials pacing the gains. The Dow Jones Industrial Average advanced 42 points to 9,323. The S&P 500 added 4 points to 1,007. The Nasdaq Composite rose 9 points to 2,002. The most beaten up... Read More
August 5, 2009
U.S. stocks opened modestly lower on Wednesday, with investors retreating after four days of gains following a private-sector report offering little improvement on unemployment data. The Dow Jones Industrial Average shed 32 points to 9,287. P&G is lower by 3% after beating estimates by a penny. The S&P 500 Index... Read More
August 4, 2009
U.S. stocks declined at Tuesday’s start, snapping a four-day winning streak that had the S&P 500 topping 1,000 for the first time since early November. The Dow Jones Industrial Average fell 20 points to 9,266. Caterpillar is one of the few Dow components higher after reaffirming earnings. The S&P 500... Read More
August 3, 2009
Up, up, and away. U.S. stocks received another boost early on Monday after a better-than-expected report on U.S. manufacturing fueled further optimism following similar global economic signals overnight. The Dow Jones Industrial Average jumped 86 points to 9,245. The S&P 500 index gained 9 points to 996,... Read More
July 31, 2009
U.S. stocks rose at the open Friday after the government said U.S. gross domestic production fell a not-as-bad-as-expected 1% in the second quarter. The Dow Jones Industrial Average gained 46 points to 9,201. The S&P 500 index rose 4 points to 991, while the Nasdaq Composite gained... Read More
July 30, 2009
U.S. stocks opened higher on Thursday, receiving a boost amid another batch of better-than-expected earnings, including from credit-card giant MasterCard. In addition, a rise in jobless claims in the latest week was in line with expectations, soothing economic concerns a day ahead of U.S. growth figures for the previous... Read More
July 29, 2009
U.S. stocks open lower following a reported that orders for durable goods sank 2.5% in June, a much bigger drop than economists expected. The Dow Jones Industrial Average fell 36 points to 9,059. The S&P 500 index fell 5 points to 973, while the Nasdaq Composite dropped 10 points... Read More
July 28, 2009
U.S. stocks opened lower on Tuesday, weighed down by energy and materials shares, with the market digesting data on home prices. The Dow Jones Industrial Average fell 22 points to 9,084. The S&P 500 index fell 3 points to 979, while the Nasdaq Composite lost a point to... Read More
July 27, 2009
U.S. stocks wavered at Monday’s start, as investors pondered disappointing earnings results from Aetna and Honeywell ahead of data on new home sales in June. The Dow Jones Industrial Average fell 5 points to 9,088. The S&P 500 Index held near flat line at 978, while the Nasdaq Composite... Read More
July 24, 2009
After a big two week run up, the averages are pulling back following disappointing earnings last night from Microsoft, Amazon, and American Express. The Dow Jones Industrial Average fell 25 points to 9,039. American Express is down 3% even though they beat estimates by a penny. The... Read More
July 23, 2009
U.S. added to early gains on Thursday after news that U.S. sales of existing homes rose for a third straight month in June. The Dow Jones Industrial Average gained 91 points to 8,973, well off a morning low of 8,866. The S&P 500 index rose 10 points to... Read More
July 22, 2009
U.S. stocks opened lower Wednesday, threatening to snap an extending winning streak, after the financial sector put forth mixed earnings. The Dow Jones Industrial Average fell 18 points to 8,897. The S&P 500 declined 4 points to 950, while the Nasdaq Composite declined 2 points to 1,914. The... Read More
July 21, 2009
U.S. stocks ran higher at Tuesday’s start, extending the prior session’s surge to new highs for the year. Better-than-forecasted results from Caterpillar are lending support to the blue chip average. The Dow Jones Industrial Average gained 68 points to 8,917. Caterpillar is up 11%. The S&P 500 added 5... Read More
July 20, 2009
U.S. stocks opened higher on Monday, extending the Dow Jones Industrial Average’s longest winning streak so far this year thanks in part to Goldman Sachs raising their year end target for the S&P to 1060, 13% higher from present levels. Investors in CIT are breathing easier... Read More
July 17, 2009
U.S. stocks opened slightly lower on Friday, with the market digesting more gains from the previous session and parsing through key earnings from Bank of America, IBM, General Electric and Citigroup. The Dow Jones Industrial Average fell 6 points to 8,705. Shares of Bank of America fell... Read More
July 16, 2009
U.S. stocks open modestly lower, similar to Tuesday, following one of the biggest year to date rallies yesterday. The Dow Jones Industrial Average fell 11 points to 8,605. The S&P 500 Index declined 3 points to 929 while the Nasdaq Composite shed 5 points to 1,857. One of... Read More
July 15, 2009
U.S. stocks opened solidly ahead on Wednesday, extending gains into a third consecutive session, with Intel’s sales outlook topping expectations. The Dow Jones Industrial Average added 88 points to 8,449. The S&P 500 gained 10 points to 916 while the Nasdaq Composite rose 29 points to 1,828. Up,... Read More
July 14, 2009
U.S. stocks open modestly higher after a big run up yesterday. The Dow Jones Industrial Average gained 18 points to 8,350. The S&P 500 index rose 2 points to 903, while the Nasdaq Composite fell a points to 1,791. Goldman Sachs is leading the earnings parade today with blow... Read More
July 13, 2009
U.S. stocks opened modestly higher on Monday ahead of the start of earnings season. The Dow Jones Industrial Average advanced 29 points to 8,175. The S&P 500 Index gained 3 points to 882 while the Nasdaq Composite rose 2 points to 1,758. It’s a big week for... Read More
July 10, 2009
U.S. stocks opened lower on Friday, with the broad market heading to a fourth consecutive week of losses, as investors faced uncertainty about the economic recovery and earnings report coming next week. The Dow Jones Industrial Average dropped 46 points to 8,137. The S&P 500 Index shed 4 points to... Read More
July 9, 2009
U.S. stocks opened higher Thursday after aluminum giant Alcoa beat expectations and initial jobless claims dropped to their lowest level since January. The Dow Jones Industrial Average gained 44 points to 8,223. Alcoa opened higher by 4% but then sold off. The S&P 500 Index added 5 points... Read More
July 8, 2009
U.S. stocks started slightly higher on Wednesday, with equities drawing a slight lift by an International Monetary Fund report that hiked its outlook for global economic growth in 2010. The Dow Jones Industrial Average added 27 points to 8,191. The S&P 500 Index advanced 3 points to... Read More
July 7, 2009
U.S. stocks tilted mildly lower at Tuesday’s start, with investors on guard ahead of quarterly results and amid underlying worries about the strength of the economic recovery. The Dow Jones Industrial Average fell 20 points to 8,304. The S&P 500 Index declined a point to 897, while the... Read More
July 6, 2009
U.S. stocks started lower on Monday as investors turned defensive in fretting about the fragile economy. The Dow Jones Industrial Average fell 48 points to 8,231. The S&P 500 shed 5 points to 891 while the Nasdaq Composite dropped 10 points to 1,785. Nothing really looks good this... Read More
July 2, 2009
The Dow fell 223 points on Friday as unemployment in the US rose to its highest level in 26 years (when “Thriller” was released), which is the lowest close in 6 weeks for the average. T-Bonds yielded lower and prices rose as the few investors left to trade were... Read More
June 25, 2009
U.S. stocks opened lower on Thursday, after the government reported an unexpected rise in claims for unemployment in the latest week, a day after the Federal Reserve stated continued worries over the economy but didn’t signal any plans to boost or curb liquidity. The Dow... Read More
June 24, 2009
U.S. stocks opened higher Wednesday after the government reported a better-than-expected rise in orders for U.S. durable goods, bouncing back after three days of losses. The Dow Jones Industrial Average rose 48 points to 8,371. No rebound in Boeing after a dismal day yesterday. The S&P 500... Read More
June 22, 2009
U.S. stocks on Monday fell at the start amid worries that the global economy might be stuck in recession longer than previously thought. The Dow Jones Industrial Average fell 106 points to 8,436.4. The S&P 500 declined 13 points to 908, while the Nasdaq Composite dropped 25... Read More
June 19, 2009
U.S. stocks started higher on Friday, adding to the prior session’s gains, as investors shed recent worries about the economy in the wake of recent data. The Dow Jones Industrial Average gained 54 points to 8,610. The S&P 500 Index added 7 points to 925, while the Nasdaq Composite... Read More
June 19, 2009
June 19, 2009
U.S. stocks started higher on Friday, adding to the prior session’s gains, as investors shed recent worries about the economy in the wake of recent data. The Dow Jones Industrial Average gained 54 points to 8,610. The S&P 500 Index added 7 points to 925, while... Read More
June 18, 2009
U.S. stocks twisted in mixed action at Thursday’s start, with financial shares gaining and energy shares sliding along with the price of crude. The Dow Jones Industrial Average declined fractionally to 8,496. The S&P 500 Index opened virtually flat at 911, while the Nasdaq Composite fell 7 points to 1,800.... Read More
June 17, 2009
U.S. stocks sputter on the open, disheartened by FedEx’s forecast, but encouraged by data calming inflation worries. The Dow Jones Industrial Average added 13 points to 8,518. The S&P 500 Index inched up a point to 913, while the Nasdaq Composite rose 5 points to 1,802. FedEx is... Read More
June 16, 2009
U.S. stocks edged higher at Tuesday’s start, bouncing back from the market’s biggest drop in more than a month. Positive data on the housing front and modest inflation data are lending further support. The Dow Jones Industrial Average rose 8 points to 8,620. The S&P 500 inched up... Read More
June 15, 2009
U.S. stocks fell steeply at the open on Monday, as a stronger dollar pressured commodities and the broader market. The Dow Jones Industrial Average fell 113 points to 8,686. Commodity component, Alcoa is lower by 6%. United Technology reaffirmed numbers, but the stock is lower by 2%. The S&P... Read More
June 12, 2009
U.S. stocks fell Friday, with the S&P 500 retrenching after hitting a seven-month high yesterday. Energy and commodity shares are lower along with the price of crude and gold. The Dow Jones Industrial Average fell 33 points to 8,736. The S&P 500 Index dropped 5 points to 939, while... Read More
June 11, 2009
U.S. stocks opened modestly higher thanks to better-than-expected retail sales and jobless claims data. The Dow Jones Industrial Average gained 56 points to 8,795. The S&P 500 Index rose 4 points to 943 while the Nasdaq Composite gained 8 points to 1,861. Even with all the good news,... Read More
June 10, 2009
U.S. stocks advanced at Wednesday’s start, following a strong rally overseas. In the U.S., the commodity-related shares are fronting the gains as oil hit seven-month highs. The Dow Jones Industrial Average rose 69 points to 8,832. The S&P 500 Index gained 5 points to 948, while the Nasdaq... Read More
June 9, 2009
U.S. stocks edged higher at Tuesday’s start, with energy and information technology shares leading the gains, after Texas Instruments raised earnings forecasts. The Dow Jones Industrial Average rose 18 points to 8,782. The S&P 500 Index gained 3 points to 942, while the Nasdaq Composite added 11 points... Read More
June 8, 2009
U.S. stocks opened lower on Monday following weakness overseas. The Dow Jones Industrial Average slid 68 points to 8,694. McDonald’s is lower by 3% after warning that second quarter profits could be cut due to fluctuating exchange rates. DuPont is lower by 4% due to concerns of their exposure... Read More
June 6, 2009
Beware of Strange Men Offering Tips
Treasury Inflation-Protected Securities (TIPS) have become very popular of late as investors are all aboard the train that says the dollar will fall, inflation and interest rates will rise, and commodities will spike as the government floods the economy with money. Much of... Read More
June 6, 2009
June 5, 2009
U.S. stocks rallied at Friday’s start, with both the Dow Jones Industrial Average and the S&P 500 headed to a third consecutive week of gains, after the government reported a better than expected jobless claims for May. The Dow Jones Industrial Average rose 87 points to 8,838,... Read More
June 5, 2009
U.S. stocks rallied at Friday’s start, with both the Dow Jones Industrial Average and the S&P 500 headed to a third consecutive week of gains, after the government reported a better than expected jobless claims for May. The Dow Jones Industrial Average rose 87 points to 8,838, back... Read More
June 4, 2009
U.S. stocks open modestly higher after an unexpectedly positive report on the labor market helped neutralize disappointing sales reports from several large retailers. The Dow Jones Industrial Average climbed 13 points to 8,688. The S&P 500 Index added 3 points to 935, while the Nasdaq Composite advanced... Read More
June 3, 2009
U.S. stocks started lower on Wednesday as investors fretted about the labor market, the economy, and a couple key companies lowering guidance. The Dow Jones Industrial Average fell 60 points to 8,680. The S&P 500 shed 9 points to 934. The Nasdaq Composite dropped 14 points to 1,822. ... Read More
June 2, 2009
U.S. stocks are set to consolidate the gains from yesterdays’ big rally. The Dow Jones Industrial Average fell 12 points to 8,708. The S&P 500 index fell 3 points to 939, while the Nasdaq Composite dipped 8 points to 1,820. The financials are weighing on the market as a... Read More
June 1, 2009
U.S. stocks shot higher to start the month of June thanks to positive data including update manufacturing results from China and a smaller-than-anticipated dip in U.S. consumer spending. The Dow Jones Industrial Average climbed 107 points to 8,607. A big shake up within the Dow. General... Read More
May 29, 2009
U.S. stocks opened lower on Friday thanks in part to a modest revision to first-quarter GDP growth and a down beat regional manufacturing survey. The Dow Jones Industrial Average fell 11 points to 8,392. Today may be the last day for GM in the Dow. The S&P 500 index... Read More
May 28, 2009
U.S. stocks opened higher on Thursday, after a report that orders for big-ticket items jumped in April, boosting hopes for an economic recovery. The Dow Jones Industrial Average gained 63 points to 8,363. Shares of General Motors are up 13% on a new deal for bondholders. The S&P... Read More
May 27, 2009
U.S. stocks open slightly lower on the open, amid growing certainty that General Motors will file for bankruptcy after its failed debt-for-stock offer. The Dow Jones Industrial Average fell 31 points to 8,441. GM shares are down 13%. The S&P 500 index declined 3 points to 907, while the... Read More
May 26, 2009
U.S. stocks turned higher shortly after the open Tuesday, with strength in technology shares offsetting early concerns about North Korea’s nuclear tests and concerns about the fate of General Motors. The Dow Jones Industrial Average inched up a point to 8,282. The S&P 500 index rose 50 cents to... Read More
May 26, 2009
U.S. stocks turned higher shortly after the open Tuesday, with strength in technology shares offsetting early concerns about North Korea’s nuclear tests and concerns about the fate of General Motors. The Dow Jones Industrial Average inched up a point to 8,282. The S&P 500 index rose 50 cents to... Read More
May 22, 2009
It should be a quiet day as investors gear up for the holiday weekend.The Dow Jones Industrial Average rose 20 points to 8311. The S&P 500 inched up 2 points to 889 while the Nasdaq Composite Index rose 6 points to 1,698. Plenty of earnings from the retail... Read More
May 22, 2009
It should be a quiet day as investors gear up for the holiday weekend. The Dow Jones Industrial Average rose 20 points to 8311. The S&P 500 inched up 2 points to 889 while the Nasdaq Composite Index rose 6 points to 1,698. Plenty of earnings from the retail... Read More
May 21, 2009
It should be a quiet day as investors gear up for the holiday weekend.The Dow Jones Industrial Average rose 20 points to 8311. The S&P 500 inched up 2 points to 889 while the Nasdaq Composite Index rose 6 points to 1,698. Plenty of earnings from the retail sector... Read More
May 20, 2009
U.S. stocks open modestly higher on Wednesday as investors were cheered by Bank of America ability to raise funds. “The market is rewarding the financial sector again today for raising various capital,” said Art Hogan, chief market strategist at Jefferies & Co. The Dow Jones Industrial Average gained 50 points... Read More
May 19, 2009
A quiet start to the open following data showing new housing starts and permits falling to record lows in April, neutralizing thoughts of economic stability. The Dow Jones Industrial Average fell 20 points to 8,483. The S&P 500 declined 2 points to 907 while the Nasdaq Composite shed 11... Read More
May 18, 2009
U.S. stocks shot higher at Monday’s start, thanks to a plethora of upgrades and better than expected earnings from Lowes, our featured stock of the week. The Dow Jones Industrial Average added 105 points, or 1.3%, to 8,374. The S&P 500 rose 10 points to 893. The... Read More
May 15, 2009
A quiet open to this option expiration day. Investors are not overly cheerful about economic reports indicating that consumer prices are holding steady or that the Empire Manufacturing Index is slowly improving. The Dow Jones Industrial Average edged 27 points higher to 8,358. The S&P 500 Index rose... Read More
May 14, 2009
U.S. stocks offered a tepid rise at Thursday’s start, with consumer discretionary shares fronting the gains, as investors digested another round of mostly disappointing economic data. “The economy appears to be in a bottoming process and we will most likely see several more months of spotty economic news... Read More
May 13, 2009
The pullback continues. U.S. stocks started lower on Wednesday after the government said retail sales fell in April, defying the expectations of analysts who had expected positive data. The Dow Jones Industrial Average fell 129 points to 8,339. The S&P 500 Index declined 14 points to 893. The... Read More
May 12, 2009
U.S. stocks opened higher on Tuesday after a 2% sell off yesterday. Investors are warmings up to the idea that the economy and the financial system are slowly improving. The Dow Jones Industrial Average gained 16 points to 8,436. The S&P 500 index rose 80 cents to 910.... Read More
May 11, 2009
U.S. stocks pointed lower at Monday’s start as investors stepped back from last week’s huge rally. A handful of large banks this morning said they would sell common stock to repay funds drawn from the government’s bailout program. The Dow Jones Industrial Average shed 104 points to 8,470.... Read More
May 8, 2009
May 8, 2009
U.S. stocks started higher on Friday, with investors heartened by Labor Department data illustrating a slowdown in job losses in April. The Dow Jones Industrial Average added 99 points to 8,509. McDonalds is up 3% on better than expected April sales. The S&P 500 rose 11... Read More
May 7, 2009
U.S. stocks marched higher at Thursday’s start, with sentiment bolstered by another batch of better-than-expected economic data and agreeable April sales results from a number of retailers, including Walmart. The Dow Jones Industrial Average added 63 points to 8,575. Walmart is up over 2%. The S&P 500 climbed 9... Read More
May 6, 2009
U.S. stocks rose firmly at Wednesday’s open, boosted by a better-than-expected reading of private-sector employment in April and optimism over the ability of banks to raise capital. The Dow Jones Industrial Average gained 60 points to 8,471. Disney is up 10% after beating earnings estimates by 3 cents. The... Read More
May 5, 2009
U.S. stocks opened lower on Tuesday after a nice run up yesterday particularly in the financials. The Dow Jones Industrial Average rose 12 points to 8,439. The S&P 500 index fell 60 cents to 906, still positive for the year. The Nasdaq Composite declined 7 points to 1,756.... Read More
May 4, 2009
U.S. stocks opened broadly higher on Monday, with investors taking a positive stance on financial firms, looking beyond worries about banks that have undergone government-administered “stress tests”. The Dow Jones Industrial Average gained 80 points, or 1%, to 8,294. The S&P 500 gained 9 points, or 1%, to 887,... Read More
May 1, 2009
It’s May Day. U.S. stocks sputter at the start of this new month following April’s stellar performance. The Dow Jones Industrial Average fell 11 points to 8,156. The S&P 500 declined fractionally to 872 while the Nasdaq Composite opened flat at 1,717. The earnings keep flooding in. Insurers, Metlife... Read More
April 30, 2009
It’s the last day of the month and what a month it has been. The S&P 500 is up over 10% for April, best month in a long time. The markets are opening higher thanks to a slew of corporate reports topping expectations. The Dow Jones Industrial Average gained... Read More
April 29, 2009
U.S. stocks opened higher Wednesday after a two-day string of losses. Investors are finding some comfort that a lot of the bad news regarding the economy and the banks has been priced in. The Dow Jones Industrial Average gained 64 points to 8,080. The S&P 500 Index... Read More
April 28, 2009
U.S. stocks open lower on Tuesday amid worries of the growing threat of the swine flu and a leak that Citigroup and Bank of America need to raise more capital after failing the government’s so-called stress tests. The Dow Jones Industrial Average fell 75 points to 7,949. The... Read More
April 27, 2009
U.S. stocks open sharply lower, with investors anxious about the swine flu and the prospects for the virus outbreak to deepen the recession. The Dow Jones Industrial Average fell 78 points to 7,997. The S&P 500 Index shed 9 points to 856. The Nasdaq Composite declined 17... Read More
April 24, 2009
U.S. stocks open higher thanks to better than expected earnings results at a number of companies including Ford Motor, American Express, and Microsoft. The Dow Jones Industrial Average rose 50 points to 8,007. The S&P 500 Index gained 6 points to 858, while the Nasdaq Composite climbed... Read More
April 23, 2009
U.S. stocks open fixed as the earnings keep flooding in. The Dow Jones Industrial Average fell 7 points to 7,879. The S&P 500 Index climbed 2 points to 845, while the Nasdaq Composite added a point to 1,648. The techs are performing well this morning. Apple, Ebay,... Read More
April 22, 2009
U.S. stocks fell at the start on Wednesday as investors chewed on mixed corporate results, including a loss from Morgan Stanley. The Dow Jones Industrial Average fell 56 points to 7,912. The S&P 500 Index dropped 7 points to 842, while the Nasdaq Composite declined 11 points to... Read More
April 21, 2009
U.S. stocks opened lower on Tuesday, extending the prior session’s steep decline, amid worries about the health of banks and the quality of their earnings. The Dow Jones Industrial Average fell 32 points to 7,809. The S&P 500 Index declined 3 points to 829, while the... Read More
April 20, 2009
U.S. stocks opened lower on Monday, with investors retreating after a six-week run to the upside. The Dow Jones Industrial Average fell 122 points to 8,008 thanks to the financials. The S&P 500 dropped 15 points to 853, while the Nasdaq Composite shed 32 points to 1,640. The... Read More
April 17, 2009
U.S. stocks on Friday opened mostly lower due to profit-taking as investors sorted through earnings from Citigroup and General Electric. The Dow Jones Industrial Average gained 7 points to 8,133. The S&P 500 Index declined a point to 863 while the Nasdaq Composite fell 10 points to 1,660. GE and... Read More
April 16, 2009
U.S. stocks opened higher thanks to an unexpected drop in initial jobless claims and better than anticipated earnings from J.P. Morgan Chase. The Dow Jones Industrial Average rose 36 points to 8,065. The S&P 500 Index gained 5 points to 857 while the Nasdaq Composite added 17 points... Read More
April 15, 2009
It’s tax day. U.S. stocks start to the downside pressured by a cautious outlook from chip-maker and technology bellwether Intel. The Dow Jones Industrial Average fell 35 points to 7,887. Dow component, Intel is lower by 5%. The S&P 500 index dropped 4 points to 837 while the Nasdaq Composite... Read More
April 14, 2009
U.S. stocks tumbled lower at Tuesday’s start, with disappointing retail sales figures for March weighing on sentiment. The Dow Jones Industrial Average fell 102 points to 7,955. The S&P 500 Index declined 12 points to 845 while the Nasdaq Composite shed 21 points to 1,631. Goldman Sachs had great... Read More
April 13, 2009
U.S. stocks opened lower on Monday with investors stepping back from a five-week run higher ahead of earnings and a report that General Motors is progressing toward bankruptcy. The Dow Jones Industrial Average fell 79 points to 8,003. GM is down 2%. Alcoa is modestly higher on an upgrade.... Read More
April 9, 2009
U.S. stock futures jumped higher at Thursday’s start, with investors cheered after Wells Fargo surprise forecast of a record $3 billion profit for the first quarter. The Dow Jones Industrial Average jumped 113 points to 7,961. The S&P 500 Index gained 17 points to 842. The Nasdaq Composite rose... Read More
April 8, 2009
Stocks opened higher on Wednesday as investors drew some cheer from word of government aid for life insurers and an acquisition in the home building sector, helping offset Alcoa’s quarterly loss. The Dow Jones Industrial Average climbed 33 points to 7,822. Alcoa is modestly higher even though the... Read More
April 7, 2009
U.S. stocks started lower on Tuesday, extending declines into a second consecutive day, with investors worrying about earnings out tonight for aluminum giant Alcoa and a report that the International Monetary Fund would forecast $4 trillion in toxic assets on bank balance sheets weighed on global markets. The Dow... Read More
April 6, 2009
The markets open lower as Wallstreet woke up in a lousy mood. A number of stocks are getting downgraded this morning as the analysts don’t believe in the recent rally. The Dow Jones Industrial Average fell 66 points to 7,950. The S&P 500 Index declined 9 points to... Read More
April 3, 2009
U.S. stocks open modestly higher, continuing gains into a fourth session straight, even though investors found little to cheer about regarding the March unemployment report, other than it was not as grim as expected. The Dow Jones Industrial Average gained 18 points to 7,996. The S&P 500 Index rose a... Read More
April 2, 2009
U.S. stocks surged at Thursday’s start, bolstered by optimism the economy is hopefully bottoming and accounting standards for banks will be eased. The Dow Jones Industrial Average rose 144 points to 7,906. The S&P 500 climbed 18 points to 829, while the Nasdaq Composite gained 28 points to 1,579.... Read More
April 1, 2009
U.S. stocks started lower on Wednesday, kicking off the second quarter amid worries about General Motors and data showing the labor market weakened further in March. The Dow Jones Industrial Average fell 97 points to 7,511. GM is down 5%. The S&P 500 Index shed 12 points to... Read More
March 31, 2009
U.S. stocks opened higher on Tuesday, the final trading session of the first quarter, ahead of data expected to show an improvement in consumer confidence in March. The Dow Jones Industrial Average gained 79 points to 7,601. Alcoa is higher on an upgrade. The S&P 500 index gained 8... Read More
March 31, 2009
U.S. stocks opened higher on Tuesday, the final trading session of the first quarter, ahead of data expected to show an improvement in consumer confidence in March. The Dow Jones Industrial Average gained 79 points to 7,601. Alcoa is higher on an upgrade. The S&P 500 index gained 8... Read More
March 30, 2009
U.S. stocks opened sharply lower Monday after the White House said bankruptcy was a possibility for General Motors and Chrysler. The Dow Jones Industrial Average dropped 195 points, or 2.6%, to 7,582. Shares of GM is slumping 25%. The S&P 500 index lost 20 points, or 2.6%, to 794, while... Read More
March 27, 2009
U.S. stocks on Friday opened sharply lower, scaling back the week’s large advance, after the government reported personal spending rose last month but personal income declined. The Dow Jones Industrial Average fell 100 points to 7,824. The S&P 500 Index shed 11 points to 820 while the Nasdaq Composite... Read More
March 27, 2009
U.S. stocks on Friday opened sharply lower, scaling back the week’s large advance, after the government reported personal spending rose last month but personal income declined. The Dow Jones Industrial Average fell 100 points to 7,824. The S&P 500 Index shed 11 points to 820 while the Nasdaq Composite... Read More
March 26, 2009
U.S. stocks started higher on Thursday, furthering the prior session’s gains, after retailer Best Buy reported better than expected profits. The Dow Jones Industrial Average climbed 71 points to 7,821. The S&P 500 Index added 8 points to 822, while the technology-laden Nasdaq Composite rose 21 points to... Read More
March 25, 2009
U.S. stocks opened higher on Wednesday in the wake of positive economic data showing an unexpected rise in big-ticket durable goods in February. The Dow Jones Industrial Average rose 87 points to 7,747. The S&P 500 Index added 8 points to 814 while the Nasdaq Composite rose 16... Read More
March 24, 2009
Profit-taking to start the day with bank shares retreating following Wall Street’s largest rally in five months. The Dow Jones Industrial Average fell 74 points, or 1%, to 7,701. Disney is down 2% on a downgrade. The S&P 500 Index shed 9 points to 813. The Nasdaq Composite... Read More
March 20, 2009
U.S. stocks on Friday started higher, heading towards their first two-week stretch of gains since May 2008. The Dow Jones Industrial Average climbed 27 points to 7,428. The S&P 500 rose a point to 785 while the Nasdaq Composite gained 6 points to 1,489. The financials opened higher,... Read More
March 19, 2009
U.S. stocks opened higher on Thursday, extending the prior day’s strong gains, with investors still basking in the Federal Reserve’s latest move to help the troubled economy. The Dow Jones Industrial Average rose 43 points to 7,529. Alcoa is jumping 10% on an upgrade. The S&P... Read More
March 18, 2009
After hitting a near four-week high in the prior session, the averages are succumbing to profit-taking. The Dow Jones Industrial Average shed 69 points to 7,326. The S&P 500 fell 7 points to 770 while the Nasdaq Composite dropped 7 points to 1,454. The selling today is broad... Read More
March 17, 2009
After hitting a near four-week high in the prior session, the averages are succumbing to profit-taking. The Dow Jones Industrial Average shed 69 points to 7,326. The S&P 500 fell 7 points to 770 while the Nasdaq Composite dropped 7 points to 1,454. The selling today is broad... Read More
March 16, 2009
U.S. stocks rose firmly at the open Monday, continuing last week’s sharp rally, after Federal Reserve Chairman Ben Bernanke said he expects the recession to end this year. The Dow Jones Industrial Average gained 48 points to 7,271. The S&P 500 index gained five points to 761,... Read More
March 13, 2009
U.S. stocks opened mixed on Friday the 13th with financials still inching higher. The Dow Jones Industrial Average rose 24 points to 7,190. The S&P 500 gained 2 points to 752 while the Nasdaq Composite declined 2 points to 1,424. The economic data is encouraging with the U.S. trade... Read More
March 12, 2009
The major averages start to the downside with a mixed bag of early economic data illustrating a weak jobs market, but better than expected retail sales. The Dow Jones Industrial Average declined 14 points to 6,915. The S&P 500 Index shed a point to 720, while the Nasdaq Composite... Read More
March 11, 2009
U.S. stocks extend their gains following one of the best individual days in years. The Dow Jones Industrial Average rose 70 points to 6,996 actually hitting 7,000 before pulling back. The S&P 500 rose 10 points to 730, while the Nasdaq Composite added to 17 points to... Read More
March 10, 2009
U.S. stocks open solidly higher thanks to a memo from the CEO of Citigroup to employees stating that the financial giant was profitable in the first two months of the year and is having its best quarter in over a year and a half. The Dow Jones... Read More
March 9, 2009
U.S. stocks open at new 12-year lows, with financial shares paving the declines, amid ongoing unease about the future of the financial system. The Dow Jones Industrial Average fell 42 points to 6,584. The S&P 500 fell 4 points to 679, while the Nasdaq Composite shed 5 points to... Read More
March 9, 2009
U.S. stocks open at new 12-year lows, with financial shares paving the declines, amid ongoing unease about the future of the financial system. The Dow Jones Industrial Average fell 42 points to 6,584. The S&P 500 fell 4 points to 679, while the Nasdaq Composite shed 5 points to 1,288.... Read More
March 6, 2009
U.S. stocks bounce on the open even though the economic data gets worse. The Labor Department reported 651,000 lost jobs in February while unemployment hit a 25-year high of 8.1%. The Dow Jones Industrial gained 52 points to 6,646. The S&P 500 Index climbed 5 points to 687 while... Read More
March 5, 2009
U.S. stocks open lower with investors spooked by worries about the future of General Motors and hopes for the Chinese stimulus fades. The Dow Jones Industrial Average dropped 127 points to 6,748. GM is down 13%. Altria is up 5% on an upgrade. The S&P 500 shed 15... Read More
March 4, 2009
U.S. stocks bounce on the open following five consecutive down days. The Chinese market jumped 6% on a new stimulus plan. The U.S. followed suit with more details of a mortgage modification plan to keep people in their homes. The Dow Jones Industrial Average jumped 101 points... Read More
March 3, 2009
U.S. stocks on Tuesday scaled back early gains as Federal Reserve Chairman Ben Bernanke had little positive to say on the economy. The Dow Jones Industrial Average gained 39 points to 6,803. The S&P 500 inched up 6 points to 707, while the Nasdaq Composite added 12 points to... Read More
March 2, 2009
U.S. stocks opened lower, pushing the Dow Jones Industrial Average under 7,000 for the first time since October 28, 1997, after insurance giant AIG reported a $61.7 billion quarterly loss. The Dow Jones Industrial Average fell 132 points to 6,930. The S&P 500 dropped 15... Read More
February 27, 2009
The major averages sank on the open following a revised fourth quarter GDP to negative 6.2% and the government’s plan to increase their stake in Citigroup to 36% diluting current shareholders. The Dow Jones Industrial Average fell 134 points to 7,047 which is a new... Read More
February 27, 2009
The major averages sank on the open following a revised fourth quarter GDP to negative 6.2% and the government’s plan to increase their stake in Citigroup to 36% diluting current shareholders. The Dow Jones Industrial Average fell 134 points to 7,047 which is a new 13 year low.... Read More
February 26, 2009
U.S. stocks opened higher Thursday led by the financials thanks in part to more clarity from the government regarding the stress test to bolster the banking system. The Dow Jones Industrial Average gained 68 points to 7,339. The S&P 500 rose 8 points to 773. The Nasdaq Composite added... Read More
February 25, 2009
The one day rally is over. The President’s State of the Union did little to spark any enthusiasm on Wall Street. The Dow Jones Industrial Average fell 36 points to 7,314. AT&T is up one percent on an upgrade. The S&P 500 declined 4 points to 768 and... Read More
February 24, 2009
U.S. stocks on Tuesday opened modestly higher following yesterdays drop to a 12-year low. The Dow Jones Industrial Average gained 59 points to 7,174. The S&P 500 Index added 7 points to 751 while the Nasdaq Composite rose 18 points to 1,406. The economic news isn’t getting any better.... Read More
February 23, 2009
U.S. stocks opened higher on Monday, supported by a rebound in financial shares, after the government said it would start “stress tests” on banks this week, but kept nationalizations at bay for now. The Dow Jones Industrial Average gained 49 points to 7,413, led by a 15% jump... Read More
February 20, 2009
The foreign markets and the U.S. markets keep pushing lower. No solution in sight for the financials or the housing market. The Dow dropped 135 points to 7330 after closing at a six year low in the prior session. Verizon and AT&T are both up 3% on... Read More
February 19, 2009
U.S. stocks open modestly higher once again as the major averages sit precariously above the November bear market lows. The Dow Jones Industrial Average added 35 points to 7,591. The S&P 500 climbed 6 points to 795 while the Nasdaq Composite gained 13 points to stand at 1,481.... Read More
February 19, 2009
U.S. stocks open modestly higher once again as the major averages sit precariously above the November bear market lows. The Dow Jones Industrial Average added 35 points to 7,591. The S&P 500 climbed 6 points to 795 while the Nasdaq Composite gained 13 points to stand at 1,481. The... Read More
February 18, 2009
U.S. stocks started modestly higher following a 4% decline yesterday, retesting the November lows. President Obama’s plan to help struggling homeowners is adding a little support to the markets. The Dow Jones Industrial Average gained 18 points to 7,570. The S&P 500 added 3 points to... Read More
February 17, 2009
U.S. stocks sank at Tuesday’s start, with Wall Street tracking earlier action in Asia and Europe as investors around the globe see economic activity rapidly deteriorating. The Dow Jones Industrial Average fell 183 points to 7,667. Walmart is the lone component trading higher after beating estimates. The S&P... Read More
February 13, 2009
It’s Friday the 13th. Stocks open lower on light volume ahead of a long holiday weekend. The Dow Jones Industrial Average fell 18 points to 7,913. The S&P 500 fell 3 points to 831. The Nasdaq Composite shed 5 points to 1,536. The financials are leading the markets lower.... Read More
February 12, 2009
U.S. stocks opened lower once again as better than expected retail data did little to boost investor confidence. The Dow Jones Industrial Average fell 134 points to 7,805. Coke is one of the few Dow components trading higher after beating estimates by 3 cents. The S&P... Read More
February 11, 2009
U.S. stocks opened higher on Wednesday, bouncing back from the worse day since the start of the new year. The Dow Jones Industrial Average rose 43 points to 7,932. Dow component, 3M is actually raising it’s dividend. The S&P 500 index rose 6 points to 833, while the Nasdaq... Read More
February 10, 2009
U.S. stocks on Tuesday started lower as investors worried about the government’s response to the financial crisis. The Dow Jones Industrial Average fell 63 points to 8,207. General Motors is one of the few Dow components trading higher even as they confirm plans to lay off 10,000 workers.... Read More
February 9, 2009
Stocks opened lower Monday, with investors waiting on details of the bank rescue and seizing on a delay on the vote of the economic stimulus plan to take profits from last week’s strong gains. The Dow Jones Industrial Average dropped 46 points to 8,234. The S&P 500 index declined... Read More
February 6, 2009
February 6, 2009
The markets open higher even though the U.S. lost 598,000 jobs in January, the highest number since 1974. Unemployment jumped to 7.6%, the highest level since 1992. The Dow Jones Industrial Average gained 82 points to 8,145. The S&P 500 climbed 8 points to 854, while... Read More
February 5, 2009
U.S. stocks tumble out of the start thanks to a plethora of bad news starting with a jump in jobless claims, bad January retailers sales, and a warning from Cisco Systems. The Dow Jones Industrial Average fell 43 points to 7,913. The S&P 500 shed 5 points to... Read More
February 4, 2009
U.S. stocks on Wednesday opened flat to mostly lower, with investors contending with gloomy earnings and economic data while grasping at opting to focus on hopes for fiscal stimulus from Washington. The Dow Jones Industrial Average fell 20 points to 8,058. Disney is down 5% after missing estimates. The... Read More
February 3, 2009
U.S. stocks open modestly higher as the earnings were not as bad this morning. The Dow Jones Industrial Average rose 50 points to 7,987. Dow component, Merck is up 2.5% on earnings. The S&P 500 advanced 5 points to 830 while the Nasdaq Composite added 6... Read More
February 2, 2009
The markets open lower once again thanks to a worse-than-anticipated decline in personal spending fueling worries about the ailing economy. The Dow Jones Industrial Average shed 94 points to 7,903. The S&P 500 declined 12 points to 813 while the Nasdaq Composite fell 14 points to 1,462. Very... Read More
February 2, 2009
The markets open lower once again thanks to a worse-than-anticipated decline in personal spending fueling worries about the ailing economy. The Dow Jones Industrial Average shed 94 points to 7,903. The S&P 500 declined 12 points to 813 while the Nasdaq Composite fell 14 points to 1,462. Very little... Read More
January 30, 2009
The markets are breathing a sigh of relief this morning as the fourth-quarter gross domestic production fell just 3.8%. A bad number, but much less than expected. The Dow Jones Industrial Average gained 30 points to 8,176. Honeywell is up 3% after reaffirming 2009 earnings. P&G is down 3% on... Read More
January 29, 2009
The four day rally looks like it’s coming to an end thanks to more disappointing earnings and bad economic data. The Dow Jones Industrial Average fell 96 points to 8,278. The S&P 500 declined 13 points to 860 and the Nasdaq Composite shed 24 points to 1,533. The selling is... Read More
January 28, 2009
U.S. stocks open higher once again as all eyes are on the government stimulus programs and what will happen to the financials. The Dow Jones Industrial Average climbed 105 points to 8,280. Boeing is up after losing money in the fourth quarter while AT&T is down even though they keep... Read More
January 27, 2009
U.S. stocks opened mildly higher on Tuesday, extending the prior sessions modest gains. The Dow Jones Industrial Average rose 21 points to 8,137. Verizon is leading the blue chip average higher on better than expected earnings. DuPont and Verizon are lower following earnings. The S&P 500 gained 3 points to... Read More
January 26, 2009
U.S. stocks edged slightly higher on the open even though the corporate and economic news only gets worse. The Dow Jones Industrial Average rose 8 points to 8,086. The S&P 500 climbed 4 points to 836 and the Nasdaq Composite gained 2 points to 1,479. The rumored merger between Pfizer... Read More
January 26, 2009
U.S. stocks edged slightly higher on the open even though the corporate and economic news only gets worse. The Dow Jones Industrial Average rose 8 points to 8,086. The S&P 500 climbed 4 points to 836 and the Nasdaq Composite gained 2 points to 1,479. The rumored merger between Pfizer... Read More
January 23, 2009
The markets open lower once again as the economic and corporate outlook is not getting any better. The Dow Jones Industrial Average fell 172 points, or 2.1%, to 7,950. GE is down 3% on in-line guidance and a cautious outlook. The S&P 500 declined 16 points, or 2%, to... Read More
January 23, 2009
The markets open lower once again as the economic and corporate outlook is not getting any better. The Dow Jones Industrial Average fell 172 points, or 2.1%, to 7,950. GE is down 3% on in-line guidance and a cautious outlook. The S&P 500 declined 16 points, or 2%,... Read More
January 23, 2009
The markets open lower once again as the economic and corporate outlook is not getting any better. The Dow Jones Industrial Average fell 172 points, or 2.1%, to 7,950. GE is down 3% on in-line guidance and a cautious outlook. The S&P 500 declined 16 points, or 2%,... Read More
January 23, 2009
The markets open lower once again as the economic and corporate outlook is not getting any better. The Dow Jones Industrial Average fell 172 points, or 2.1%, to 7,950. GE is down 3% on in-line guidance and a cautious outlook. The S&P 500 declined 16 points, or 2%, to... Read More
January 23, 2009
The markets open lower once again as the economic and corporate outlook is not getting any better. The Dow Jones Industrial Average fell 172 points, or 2.1%, to 7,950. GE is down 3% on in-line guidance and a cautious outlook. The S&P 500 declined 16 points, or 2%, to 810,... Read More
January 22, 2009
U.S. stocks fell sharply at Thursday’s start following more weak economic data and a surprise earnings miss at Microsoft. The Dow Jones Industrial Average fell 133 points to 8,095. The S&P 500 declined 15 points to 824, while the Nasdaq Composite shed 42 points to stand at 1,464. Not... Read More
January 22, 2009
U.S. stocks fell sharply at Thursday’s start following more weak economic data and a surprise earnings miss at Microsoft. The Dow Jones Industrial Average fell 133 points to 8,095. The S&P 500 declined 15 points to 824, while the Nasdaq Composite shed 42 points to stand at 1,464.... Read More
January 22, 2009
U.S. stocks fell sharply at Thursday’s start following more weak economic data and a surprise earnings miss at Microsoft. The Dow Jones Industrial Average fell 133 points to 8,095. The S&P 500 declined 15 points to 824, while the Nasdaq Composite shed 42 points to stand at 1,464. Not many... Read More
January 21, 2009
U.S. stocks opened lower on Tuesday as the ailing banking sector and what’s likely to be a dismal earnings season over shadow the enthusiasm over Barack Obama’s inauguration as the nation’s 44th president. The Dow Jones Industrial Average fell 62 points to 8,218. The S&P 500 declined 8 points to... Read More
January 21, 2009
U.S. stocks are rebounding today thanks in part to better than expected earnings from IBM. The Dow Jones Industrial Average gained 132 points to 8,081. IBM is up 7%. The S&P 500 climbed 14 points to 820 while the Nasdaq Composite added 31 points to 1,472. The techs... Read More
January 21, 2009
U.S. stocks are rebounding today thanks in part to better than expected earnings from IBM. The Dow Jones Industrial Average gained 132 points to 8,081. IBM is up 7%. The S&P 500 climbed 14 points to 820 while the Nasdaq Composite added 31 points to 1,472.... Read More
January 21, 2009
U.S. stocks are rebounding today thanks in part to better than expected earnings from IBM. The Dow Jones Industrial Average gained 132 points to 8,081. IBM is up 7%. The S&P 500 climbed 14 points to 820 while the Nasdaq Composite added 31 points to 1,472. The techs... Read More
January 20, 2009
U.S. stocks opened lower on Tuesday as the ailing banking sector and what’s likely to be a dismal earnings season over shadow the enthusiasm over Barack Obama’s inauguration as the nation’s 44th president. The Dow Jones Industrial Average fell 62 points to 8,218. The S&P 500 declined 8 points... Read More
January 20, 2009
U.S. stocks opened lower on Tuesday as the ailing banking sector and what’s likely to be a dismal earnings season over shadow the enthusiasm over Barack Obama’s inauguration as the nation’s 44th president. The Dow Jones Industrial Average fell 62 points to 8,218. The S&P 500 declined 8 points... Read More
January 16, 2009
U.S. stocks are set to bounce on Friday, continuing the prior session’s bounce back as investors hope the government’s moves to shore up two of the country’s biggest banks will work. The Dow Jones Industrial Average rose 126 points to 8,339. The S&P 500 advanced 14 points to 857.... Read More
January 15, 2009
As bad as things are, the news just keeps getting worse. The major averages opened modestly lower. The Dow Jones Industrial Average fell 5 points to 8,194. The S&P 500 fell 2 points to 840 while the Nasdaq Composite fell fractionally to 1,489. After the open, the selling... Read More
January 14, 2009
U.S. stocks opened sharply lower once again, this time due to December retail sales falling twice as much as forecasted. The Dow Jones Industrial Average shed 142 points to 8,305. The S&P 500 declined 17 points to 854. The Nasdaq Composite dropped 24 points to 1,522. In the retail space,... Read More
January 13, 2009
U.S. stocks headed for a fifth straight session of losses at Tuesday’s open, with disappointing earnings from Alcoa and Federal Reserve Chairman Ben Bernanke’s warning of further economic weakness. The Dow Jones Industrial Average fell 33 points to 8,444. Alcoa is down 4% following earnings. The S&P 500 index... Read More
January 12, 2009
U.S. stocks opened lower on Monday as earnings season is about to begin. The Dow Jones Industrial Average fell 16 points to 8,582. Alcoa is down 6% ahead of their earnings tonight. The S&P 500 declined 3 points to 887. The Nasdaq Composite fell 2 points to 1,568.... Read More
January 9, 2009
The much anticipated December monthly unemployment number was released and it wasn’t pretty. The U.S. lost 524,000 jobs in December and 2.6 million for all of 2008, the worse year since 1945. Unemployment jumped to 7.2%, the highest level since 1993. The Dow Jones Industrial Average fell 10... Read More
January 8, 2009
The markets are down once again this morning following weak holiday retail sales. The Dow Jones Industrial Average dropped 71 points to 8,698. Walmart is down 9% after missing December sales targets. The S&P 500 fell 6 points to 900 while the Nasdaq Composite declined 8 points to... Read More
January 7, 2009
The see saw market is back. The averages open sharply lower following an ADP report indicating a deterioration in the labor market for December. To make things worse, the Congressional Budget Office is now predicting a budget deficit of $1.2 trillion next year. Yikes. Investors now seem... Read More
January 6, 2009
U.S. stocks turned higher at Tuesday’s start, led by a rally in energy shares as crude jumped above $50 a barrel and ahead of a new round of economic data that could show signs of moderation in the nation’s economic decline. The Dow Jones Industrial Average rose 72... Read More
January 2, 2009
It’s the start of a new year and no one seems interested. The Dow Jones Industrial Average opened up 32 points at 8,809. The S&P 500 gained 2 points to 905, while the Nasdaq Composite rose a point to 1,578. 2009 starts with a few less financials.... Read More
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