Stimulus funded 599,108 jobs in the fourth quarter, the government
said late Saturday.
Sunday, January 31, 2010
Stimulus funded 599,108 jobs in the fourth quarter, the government said late Saturday.
Friday, January 29, 2010
Markets, Friday, 01/29/2010
|---------------------------------------------------------------------------|
| Dow : 10067.33 down 53.13 | S & P : 1073.87 down 10.66 |
| NASDAQ: 2147.35 down 31.65 | Bond (10Y): 3.58%, 98.28
|----------------------------------------------------------------------------|
MARKETS:
Nasdaq battered as techs slump
Stocks fall to three-month lows as Wall Street abandons the earlier
rally following stronger-than-expected GDP report.
January Barometer forecasts a down 2010
JANUARY BAROMETER FORCASTS A DOWN 2010
It's likely that January will be a down month for the stock market,
thereby triggering a negative signal from the venerable January
Barometer.
UPDATES, ADVISORIES AND SURPRISES
A roundup of the latest corporate earnings reports and what companies
are saying about future quarters.
MICROSOFT IN FOCUS AFTER PROFIT JUMPS 60%
Microsoft Corp. posts a 60% gain in fiscal second-quarter profit,
benefiting from improved personal computer sales and the recent
release of its flagship Windows 7 operating system.
AMAZON SHARES RISE ON STRONG RESULTS
Amazon.com Inc. reports a 70%-plus increase in fourth-quarter earnings
thanks to strong holiday sales of media products, electronics and
other items.
FRIDAY'S BIGGEST GAINING AND DECLINING STOCKS
Stocks seeing significant moves in Friday's markets include,
Amazon.com, Autoliv and Mattel.
Consumer sentiment hits two-year high, Reuters/University of Michigan survey shows
Consumer sentiment hits two-year high, Reuters/University of Michigan
survey shows
01/29/2010 10:02:26 AM EDT
The U.S. economy grew at 5.7% annual rate in the fourth quarter of 2009 -- fastest pace of increase in more than six years.
The U.S. economy grew at 5.7% annual rate in the fourth quarter of
2009 -- fastest pace of increase in more than six years.
Thursday, January 28, 2010
Markets, Thursday, 01/28/2010
|---------------------------------------------------------------------------|
| Dow : 10120.46 down 115.70 | S & P : 1084.53 down 12.97 |
| NASDAQ: 2179.00 down 42.41 | Bond (10Y): 3.64%, 97.78
|----------------------------------------------------------------------------|
MARKETS:
Stocks get hammered
Dow and S&P 500 close at almost three-month lows, Nasdaq at a 2-month
low as investors dump techs after Qualcomm and Motorola's forecast.
Breaking News: Bernanke wins second term as Fed chairman
WASHINGTON - The Senate has confirmed Ben Bernanke for a second term
as chairman of the Federal Reserve with a 70-30 vote on Thursday. The
vote came amid criticism of his judgment ahead of the financial crisis
and his support for massive Wall Street bailouts. His supporters
credited him for engineering a financial industry rescue in time to
prevent a catastrophic collaps
Senate votes to raise cap on government borrowing by $1.9 trillion to a record $14.294 trillion. Measure must now be OK'd by House.
Senate votes to raise cap on government borrowing by $1.9 trillion to
a record $14.294 trillion. Measure must now be OK'd by House.
U.S. stocks fall as Apple, Qualcomm set sour tone
U.S. STOCKS FALL AS APPLE, QUALCOMM SET SOUR TONE
U.S. stocks drop Thursday, pulled down by disappointment in the
technology sector over Apple's new tablet computer and Qualcomm's
sales outlet, and economic data showing smaller-than-expected
improvements.
OBAMA WON'T QUIT ON HEALTH, JOBS, BIPARTISANSHIP
President Barack Obama has a lot in common with his fellow countrymen
-- he's had a pretty rough year.
OBAMA STRESSES JOBS IN STATE OF THE UNION SPEECH
Speaking in a high-stakes policy address, President Barack Obama uses
his first State of the Union speech to call for a host of job creation
measures and a redoubled effort to finish health-care reform in the
midst of a newly challenging political environment for him and his
party.
WHAT'S IN OBAMA'S MIDDLE-CLASS PLAN FOR YOU?
President Obama's proposed initiatives aimed at bringing peace of mind
back to middle- and low-income earners won't do much to stimulate the
economy and in general don't help the unemployed but could represent a
tiny beacon for many. struggling Americans in this recessionary storm.
INITIAL JOBLESS CLAIMS REMAIN ELEVATED
First-time filings for state unemployment benefits remained elevated
in the latest week, according to data released Thursday, surprising
economists who had expected a sharp downturn.
Wednesday, January 27, 2010
Markets, Wednesday, 01/27/2010
|---------------------------------------------------------------------------|
| Dow : 10236.16 up 41.87 | S & P : 1097.50 up 5.33
|
| NASDAQ: 2221.41 up 17.68 | Bond (10Y): 3.65%, 97.75
|----------------------------------------------------------------------------|
MARKETS:
Stocks manage gains after Fed
Wall Street ends a choppy session in positive territory after the
central bank holds interest rates steady, as expected.
Fed, keeping rates unchanged at near 0%, says rates will stay low for 'extended period.'
Fed, keeping rates unchanged at near 0%, says rates will stay low for
'extended period.'
December's seasonally adjusted sales of new homes fall 7.6%...
December's seasonally adjusted sales of new homes fall 7.6%, at lowest
since March
01/27/2010 10:03:09 AM EDT
Tuesday, January 26, 2010
Markets,Tuesday, 01/26/2010
|---------------------------------------------------------------------------|
| Dow : 10194.29 down 2.57 | S & P : 1092.17 down 4.61 |
| NASDAQ: 2203.73 down 7.07 | Bond (10Y): 3.62%, 97.97
|----------------------------------------------------------------------------|
MARKETS:
Banks drag on stocks
Wall Street retreats at the end of a choppy session. Improved earnings
and consumer confidence report vie with bank concerns. Fed meets.
U.S. stocks slip into the red as financials decline; Dow closes down 3 points
U.S. stocks slip into the red as financials decline; Dow closes down 3 points
01/26/2010 04:04:28 PM EDT
Breaking news: GM to sell Saab to Dutch carmaker
General Motors Co. says it has reached an deal to sell its embattled
Saab Automobile arm to the small Dutch luxury carmaker Spyker Cars NV.
The move effectively saves the brand from extinction after other deals
collapsed.
U.S. fiscal outlook 'daunting' and economic growth 'muted.' Projected 2010 deficit: $1.3 trillion
Congressional Budget Office:: U.S. fiscal outlook 'daunting' and
economic growth 'muted.' Projected 2010 deficit: $1.3 trillion.
Monday, January 25, 2010
Bank of Japan leaves policy rate and economic outlook unchanged, as expected
Bank of Japan leaves policy rate and economic outlook unchanged, as expected
01/25/2010 10:56:15 PM ED
Markets, Monday, 01/25/2010
|---------------------------------------------------------------------------|
| Dow : 10196.86 up 23.88 | S & P : 1096.78 up 5.02
|
| NASDAQ: 2210.80 up 5.51 | Bond (10Y): 3.63%, 97.91
|----------------------------------------------------------------------------|
MARKETS:
Stocks try to recharge
Wall Street is back on the upswing after last week's big selloff as
investors try to rebound from the Dow's worst week in 10 months.
U.S. stocks end positive, with Dow up 24 points; commodities and materials post gains
U.S. stocks end positive, with Dow up 24 points; commodities and
materials post gains
01/25/2010 04:09:37 PM EDT
Energy: Metals, mining stocks lead gains in Canada
Canadian stocks gain by 0.3%, reversing some of last week's losses.
Energy: Energy stocks bounce back from grueling losses
Energy stocks on Monday bounce back from four days of losses, despite
weakness in shares of Halliburton following the oil-services giant's
tepid outlook for the coming quarter.
Sales of existing homes fell 16.7% in December as rush to cash in on homebuyer tax credit dries up - Realtors' group.
Sales of existing homes fell 16.7% in December as rush to cash in on
homebuyer tax credit dries up - Realtors' group.
Sunday, January 24, 2010
Key GOP senator expects Bernanke OK
1/24/2010 3:49:00 PM ET
Minority Leader Mitch McConnell says Bernanke has enough votes to be
confirmed for a second term as Fed chairman.
Energy: Venezuela's Carabobo region drawing Big Oil
1/24/2010 10:31:00 AM ET
Chavez turns to foreign companies to help nation extract and refine
the heavy, sour crude.
Friday, January 22, 2010
Markets, Friday, 01/22/2010
|
|---------------------------------------------------------------------------|
| Dow : 10172.98 down 216.90 | S & P : 1091.76 down 24.72 |
| NASDAQ: 2205.29 down 60.41 | Bond (10Y): 3.61%, 98.06
|----------------------------------------------------------------------------|
MARKETS:
Worst day in 3 months
Major gauges retreat for the third straight session as investors worry
about the White House's bank plan, the future for Fed chief Bernanke
and China's lending practices.
Dow industrials' 3-session plunge of 552 points caps index's worst week since Feb. 2009
Dow industrials' 3-session plunge of 552 points caps index's worst
week since Feb. 2009
01/22/2010 04:04:39 PM EDT
Dow suffers biggest loss in nearly 3 months, in 3rd day of major selloff, on concerns about Obama bank plan, Bernanke confirmation.
Dow suffers biggest loss in nearly 3 months, in 3rd day of major
selloff, on concerns about Obama bank plan, Bernanke confirmation.
Dow industrials fall 200 points; American Express, down 9%, is biggest decliner
Dow industrials fall 200 points; American Express, down 9%, is biggest decliner
01/22/2010 03:48:52 PM EDT
U.S. stocks open lower as tech earnings lag
U.S. STOCKS OPEN LOWER AS TECH EARNINGS NOT UP TO EXPECTATION
U.S. stocks open lower on Friday as materials lag and earnings in the
technology sector fail to meet high expectations.
STOCK MARKET CORRECTING AMID MOSTLY UPBEAT RESULTS
The numbers and the U.S. stock market's reaction are telling different
stories about the results early on in the earnings reporting season.
UPDATES, ADVISORIES AND SURPRISES
A roundup of the latest corporate earnings reports and what companies
are saying about future quarters.
GE SEES A 'SOLID' RETURN TO GROWTH IN 2011
General Electric posts net income that fell 19% in the fourth quarter,
a result better than analysts had expected, as the industrial and
financial-services giant says it saw several "encouraging signs" at
year-end."
JOHNSON CONTROLS SWINGS TO PROFIT; SHARES JUMP
Shares jump more than 5%, bucking a decline in the broader market
after the auto-parts maker says it swung to a first-quarter profit and
also lifted its 2010 forecast.
U.S. reports unemployment rose in 43 states in December, reversing prior month's trend; 17 states have rates above 10%.
U.S. reports unemployment rose in 43 states in December, reversing
prior month's trend; 17 states have rates above 10%.
Thursday, January 21, 2010
Markets, Thursday, 01/21/2010
|---------------------------------------------------------------------------|
| Dow : 10389.88 down 213.27 | S & P : 1116.48 down 21.56 |
| NASDAQ: 2265.70 down 25.55 | Bond (10Y): 3.59%, 98.19
|----------------------------------------------------------------------------|
MARKETS:
Wall Street's worst day in months
Stocks retreat after White House talks financial regulation. China's
bank curbs, weaker commodity prices, ho-hum economic news also weigh
on the markets.
News Alert: Poll finds most want Dems to start over on health care
WASHINGTON - A 55% majority of Americans say President Obama and
congressional Democrats should suspend work on the health care bill
that has been on the verge of passage and consider alternatives that
would draw more Republican support, a USA TODAY/Gallup Poll taken
Wednesday finds.
Obama proposes curbs on banks to rein in risk by limiting securities trading, says he's ready to 'fight' if industry pushes back.
Obama proposes curbs on banks to rein in risk by limiting securities
trading, says he's ready to 'fight' if industry pushes back.
Breaking news: Supreme Court rolls back campaign finance limits
The U.S. Supreme Court has ruled that corporations may spend freely to
support or oppose candidates for president and Congress, a decision
that eases decades-old limits on participation in federal political
campaigns.
Number of people filing for first-time jobless benefits rose 36,000 last week to 482,000, the highest total in two months.
Number of people filing for first-time jobless benefits rose 36,000
last week to 482,000, the highest total in two months.
Wednesday, January 20, 2010
Energy: World Bank says global recovery looks tepid
The global economy is set for a tepid rebound after a disastrous 2009
and may even run out of steam later this year, according to new World
Bank report.
Markets, Wednesday, 01/20/2010
|
|---------------------------------------------------------------------------|
| Dow : 10603.15 down 122.28 | S & P : 1138.04 down 12.19 |
| NASDAQ: 2291.25 down 29.15 | Bond (10Y): 3.65%, 97.72
|----------------------------------------------------------------------------|
MARKETS:
Stocks get knocked back
Dow in triple-digit retreat as investors sell commodities, techs,
banks. The greenback firms up.
Energy: Energy stocks join in market sell-off
Energy stocks join in market sell-off
Tuesday, January 19, 2010
GOP wins Mass. Senate race
BOSTON - Republican Scott Brown has won the Massachusetts Senate seat
held for nearly a half-century by Democrat Edward Kennedy. Brown's
victory in the special election gives Senate Republicans the 41st vote
they need to block legislation favored by majority Democrats and
President Barack Obama.
Friday, January 15, 2010
Stocks fall; sentiment, J.P. Morgan disappoint
STOCKS FALL; SENTIMENT, J.P. MORGAN DISAPPOINT
U.S. stocks succumb to selling, playing off consumer sentiment that
came in lower than expected and faltering investor confidence tied to
J.P. Morgan Chase and Intel following their earnings reports.
NBC KILLS JAY LENO SHOW, BUT CONAN'S FATE UNCLEAR
NBC has unveiled its post-Winter Olympics lineup, officially canceling
"The Jay Leno Show," but the network offered no comment on reports
that Conan O'Brien will leave the network as Leno reassumes his role
as host of "The Tonight Show."
WHY IS JEFF ZUCKER STILL RUNNING NBC?
The chaos surrounding Jay Leno and Conan O'Brien epitomizes NBC
Universal Chief Executive Jeff Zucker's mismanagement, writes Jon
Friedman.
FOX IS STILL THE BEST FIT FOR CONAN: ANALYST
Conan O'Brien is probably best suited for the youngest of the four
major broadcast networks, a media analyst says, even though some Fox
television affiliates have balked at the idea.
J.P. MORGAN PROFIT JUMPS BUT CHIEF IS 'CAUTIOUS'
J.P. Morgan Chase earns more than analysts expected in the quarter,
but its credit costs remain high, and it sets aside nearly $2 billion
to cover consumer-loan losses as 1in 10 American workers remains
unemployed.
Stocks extend losses on weakness in financial stocks; Dow down more than 100 points.
Stocks extend losses on weakness in financial stocks; Dow down more
than 100 points.
Energy: December industrial output rises 0.6% on utilities
U.S. industrial production rises 0.6% in December, largely as a result
of electric and gas utilities cranking out additional power in
response to unseasonably cold weather, Federal Reserve data show.
U.S. says consumer prices rose 2.7% in 2009, a sharp increase from 2008, due primarily to higher gasoline prices.
U.S. says consumer prices rose 2.7% in 2009, a sharp increase from
2008, due primarily to higher gasoline prices.
Thursday, January 14, 2010
U.S. stocks cling to gains at midday
U.S. STOCKS CLING TO GAINS AT MIDDAY
Four technology components are among the Dow's top performers,
including Intel, up ahead of its closely watched earnings report
slated for release after Thursday's close.
OBAMA PROPOSES SPECIAL FEE ON FINANCIAL COMPANIES
President Barack Obama proposes a special 10-year fee on large
financial companies to repay taxpayers for the 'extraordinary'
assistance they got to keep the economy from collapsing in late 2008.
BANK TAX: ANGER OR COMMON SENSE?
President Obama has yet to publicly announce the plan, but industry
grumbling about the bank tax is already beginning -- and it's not just
the president they're unhappy with, it's you angry Joe America, at
whom they're miffed.
OBAMA BANK TAX WON'T STOP THE RISK PARTY
When in doubt, hit them with a new tax. That seems to be the Obama
administration's answer to just about everything these days, and the
financial crisis is no different.
BIG BANK CEOS ADMONISHED FOR THEIR ROLE IN CRISIS
As the White House and Congress consider a host of new regulations for
Wall Street, a commission studying the financial crisis harshly
criticizes the heads of the nation's biggest banks for their role in
the near collapse of the economy in 2008.
Holiday season sales showed a surprise year-over-year increase, rising 1.1%, according to retailers' trade group.
Holiday season sales showed a surprise year-over-year increase, rising
1.1%, according to retailers' trade group.
Obama tells banks to pay up: His proposed bank tax would raise $90 billion over 10 years from about 50 big institutions.
Obama tells banks to pay up: His proposed bank tax would raise $90
billion over 10 years from about 50 big institutions.
Wednesday, January 13, 2010
U.S. runs $91.9 billion deficit in December - 15th straight month in the red and nearly double what it was a year earlier.
U.S. runs $91.9 billion deficit in December - 15th straight month in
the red and nearly double what it was a year earlier.
Stocks open higher as investors await more signs that the economy is firmly on a path to recovery. Dow gains 23 points.
Stocks open higher as investors await more signs that the economy is
firmly on a path to recovery. Dow gains 23 points.
CEOs of four major banks, in testimony before Financial Crisis Inquiry panel, say regulatory reform needed to prevent future crises.
CEOs of four major banks, in testimony before Financial Crisis Inquiry
panel, say regulatory reform needed to prevent future crises.
Energy: Oil prices drop below $80/brl as supplies rise
1/13/2010 6:15:00 AM ET
Crude futures drop below $80 a barrel on Wednesday, falling for a
third session, as an industry group reports large builds in U.S.
petroleum inventories, rekindling worries that energy demand remains
weak.
Tuesday, January 12, 2010
U.S. trade deficit hits above-consensus $36.4 billion in November
U.S. trade deficit hits above-consensus $36.4 billion in November
1/12/2010 8:31:51 AM EDT
Friday, January 8, 2010
Markets Friday, 01/8/2010
|---------------------------------------------------------------------------|
| Dow : 10618.19 up 11.33 | S & P : 1144.98 up 3.29
|
| NASDAQ: 2317.17 up 17.12 | Bond (10Y): 3.83%, 96.22
|----------------------------------------------------------------------------|
MARKETS:
Stocks stage late advance
A technology sector rally propels the Nasdaq and helps the Dow and S&P
500 erase losses after a weaker-than-expected reading on the labor
market in December
U.S. nonfarm payrolls drop 85,000 in December as jobless rate holds at 10%
U.S. nonfarm payrolls drop 85,000 in December as jobless rate holds at 10%
1/8/2010 8:31:35 AM EDT
Thursday, January 7, 2010
Japan's new finance minister call for weaker yen
JAPAN'S NEW FINANCE MINISTER CALL FOR WEAKER YEN
Japan's newly appointed Finance Minister Naoto Kan sends his nation's
currency significantly lower against its U.S. counterpart, as he uses
his inaugural press conference to talk down the yen.
DOLLAR UP AMID CHINA JITTERS, AHEAD OF U.S. JOBS
The dollar makes broad gains, in part precipitated by Japan's newly
appointed top finance official, who talks down the yen.
CHINESE CENTRAL BANK SENDS 'TIGHTENING SIGNAL'
China's central bank moves to guide interbank interest rates higher,
the latest in a series of actions that analysts say indicate a
"tightening bias" and could lay the groundwork for an eventual rate
hike.
SLOW GROWTH, LOW INFLATION STILL BEST BET: MINUTES
December meeting notes show central bankers still believe recovery
will be gradual, inflation will remain tame.
Number of people filing for first-time unemployment benefits climbed 1,000 last week to 434,000, U.S. says.
Number of people filing for first-time unemployment benefits climbed
1,000 last week to 434,000, U.S. says.
Wednesday, January 6, 2010
Markets Wednesday, 01/6/2010
|---------------------------------------------------------------------------|
| Dow : 10573.68 up 1.66 | S & P : 1137.14 up 0.62
|
| NASDAQ: 2301.09 down 7.62 | Bond (10Y): 3.80%, 96.47
|----------------------------------------------------------------------------|
MARKETS:
Stocks end with little change
A choppy session ends with the market in mixed territory as investors
consider reports on the labor market and the services sector. Dollar
flip flops.
Slow recovery still most likely scenario for economy: FOMC minutes
Slow recovery still most likely scenario for economy: FOMC minutes
1/6/2010 2:04:14 PM EDT
U.S. stocks struggle for early footing
U.S. STOCKS STRUGGLE FOR EARLY FOOTING
A government report of higher crude-oil inventories weighs on the
energy sector, offsetting cheer over expansion in the U.S.
non-manufacturing sector.
SNOW COSTS RETAILERS BUT ECONOMIC IMPACT SMALL
U.K. retailer Marks & Spencer says heavy snow falls over the past two
weeks have cost it "millions of pounds" in lost sales.
M&S SLUMPS AS LONDON WEAKENS
The air continues to come out of Marks & Spencer shares on Wednesday
as the clothing and food retailer reports weaker-than-expected sales.
M&S RETURNS TO GROWTH IN THE U.K.
Marks & Spencer Group reports a small increase in third-quarter sales.
But the company cautions that trading will remain challenging this
year.
RETAILERS MAY HAVE WON HOLIDAY GAME OF CHICKEN
Bolstered by last-minute shopping and the post-holiday bargain hunt,
investors in U.S. retail may be in store for a nice surprise in
December sales.
Tuesday, January 5, 2010
Markets Tuesday, 01/5/2010
|
|---------------------------------------------------------------------------|
| Dow : 10572.02 down 11.94 | S & P : 1136.52 up 3.53 |
| NASDAQ: 2308.71 up 0.29 | Bond (10Y): 3.75%, 96.88
|----------------------------------------------------------------------------|
MARKETS:
Stocks struggle after rally
Market churns as investors weigh reports on housing and factory
orders, one day after a big start to 2010.
Pending home sales fell 16% in November, as the rush to beat the original tax credit deadline eased, Realtors' group says.
Pending home sales fell 16% in November, as the rush to beat the
original tax credit deadline eased, Realtors' group says.
Monday, January 4, 2010
Markets Monday, 01/4/2010
|---------------------------------------------------------------------------|
| Dow : 10583.96 up 155.91 | S & P : 1132.99 up 17.89 |
| NASDAQ: 2308.42 up 39.27 | Bond (10Y): 3.82%, 96.31
|----------------------------------------------------------------------------|
MARKETS:
Stocks start off 2010 with a rally
Major indexes end the day at 15-month highs as investors bet a
strong manufacturing report is a good sign for the economy.
Midday Report: U.S. stocks start the year off strong
U.S. STOCKS START THE YEAR OFF STRONG
U.S. stocks jump on the first trading day of the year as the dollar
sinks and commodities prices rise.
MONDAY'S BIGGEST GAINING AND DECLINING STOCKS
MarketWatch's daily rundown of major gainers and decliners in the U.S.
stock market.
OIL TOPS $81 ON CHINA DATA, WEAKER DOLLAR
Crude-oil futures rise more than 2%, climbing above $81 a barrel,
boosted by upbeat economic data in the U.S. and China and by a weaker
dollar.
NATURAL-GAS ETF BURNED INVESTORS IN 2009
United States Natural Gas Fund lost almost 60% in 2009, but its
difficulties went beyond falling prices for natural gas due to the
poor economy and oversupply issues.
LOW RATES DIDN'T CAUSE BUBBLE, BERNANKE SAYS
Lax supervision of toxic mortgages was the bigger cause, Fed chief says.
December ISM reading shows greater-than-forecast U.S. manufacturing strength
December ISM reading shows greater-than-forecast U.S. manufacturing strength
1/4/2010 10:03:03 AM EDT
Sunday, January 3, 2010
Crude futures rise briefly above $80 on Globex
Crude-oil futures touch an intraday high above $80 a barrel, finding
support from continued expectations for a global economic recovery and
rising oil demand in the New Year.
Fed chairman Ben Bernanke defends the Fed's record in inflating the housing bubble and calls for more regulation.
Fed chairman Ben Bernanke defends the Fed's record in inflating the
housing bubble and calls for more regulation.
Friday, January 1, 2010
Stocks may struggle with less government support
STOCKS MAY STRUGGLE WITH LESS GOVERNMENT SUPPORT
Economic data in early January may test recovery, set tone for 2010.
STOCK-FUND INVESTORS GREET NEW YEAR WITH A GRIMACE
What goes down mustn't go up, but for investors in U.S. stock
mutual-funds this year, the law of gravity reversed -- and in a big
way.
STOCKS IN FOCUS FOR MONDAY
Among the companies whose shares are expected to see active tradfing
Monday are Wells Fargo, Time-Warner Cable and Nesws Corp. U.S. markets
are closed Friday for the New Year holiday.
POST-BEAR JANUARYS BODE WELL FOR STOCKS
The first January after the end of a bear market has been consistently
strong, yielding a 3.7% gain for stocks on average since the 1930s,
according to Standard & Poor's.
RATE WORRIES AND LOW VOLUMES PUT DAMPER ON STOCKS
A late burst of selling leaves stocks with a hefty loss Thursday as
traders take cash off the table at the end of a banner year,
highlighted by the biggest annual percentage gain in the Dow Jones
Industrial Average in six years.
Nasdaq sets pace for indexes' 2009 gains, up 44%; S&P rises 23.5%; Dow, 18.8%
Nasdaq sets pace for indexes' 2009 gains, up 44%; S&P rises 23.5%; Dow, 18.8%
12/31/2009 4:07:25 PM EDT