Interest Rate Concerns Sink Stocks
May 27, 2009
Concerns that interest rates will rise to dampen the economic recovery sent the markets tumbling to a lower close with the Dow plunging 173 points to 8300. Nasdaq dropped 19 points to 1731. Read More
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The markets traded mixed during the midday as rising crude oil prices muted enthusiasm for better than expected increase in existing home sales. The Dow fell 31 points to 8441 while Nasdaq rose 9... Read More
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Stocks Edge Lower as GM Bankruptcy Looms
May 27, 2009
Yesterday's rally took a pause as investors mulled over the implications of a possible bankruptcy filing by General Motors. Meanwhile, oil prices rose to a 6-month high above $63 a barrel. The Dow... Read More
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Market News
Markets Surge As Consumer Confidence Jumps
May 26, 2009
Even as General Motors moved closer to bankruptcy, the markets surged to close sharply higher with the Dow soaring 196 points to 8473 as consumer confidence jumped. Nasdaq leaped 58 points to 1750. Read More
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Market News
Soaring Consumer Confidence Boosts Markets Higher
May 26, 2009
Soaring consumer confidence that surpassed analyst expectations by a wide margin boosted the markets higher during the midday with the Dow surging 206 points to 8483. Nasdaq jumped 55 points to 1747. Read More
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The markets opened mixed after North Korea's nuclear testing activity created geopolitical uncertainty. Meanwhile, investors awaited the latest consumer confidence report. The Dow lost 33 points to... Read More
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Market News
U. S. Markets Closed
May 25, 2009
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Market News
The seizure of Florida's BankUnited FSB by federal regulators weighed down the markets to a modestly lower close ahead of the Memorial Day weekend with the Dow losing 14 points to 8277. Nasdaq slipped... Read More
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Stocks Open Mixed Ahead of Memorial Day Weekend
May 22, 2009
Investor remained cautious ahead of the long Memorial Day weekend. A bank closure and a possible bankruptcy filing by General Motors next week kept the major indexes in check. The Dow slipped 3 points... Read More
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Greater than expected initial applications for unemployment benefits stoked fears of a lengthy economic recovery period sending the Dow plunging 129 points to 8292. Nasdaq slumped 32 points to 1695. Read More
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Nearly 6.7 Million Unemployed, Markets Fall
May 21, 2009
Continuing claims for unemployment benefits climbed to approach 6.7 million to weigh down the markets during the midday with the Dow tumbling 116 points to 8305. Nasdaq dropped 31 points to 1696. Read More
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Market News
Weak Job Picture Weighs Down Stock
May 21, 2009
1st time unemployment claims eased for the latest week, but job creation remained elusive for the U.S. economy. The Dow dropped more than 100 points to 8138 while Nasdaq fell10 points to 1718. Read More
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Market News
Federal Reserve Cuts Outlook, Markets Close Lower
May 20, 2009
The Federal Reserve cut its 2009 economic outlook to weigh down the markets to close lower with the Dow dropping 52 points to 8422. Nasdaq lost 6 points to 1727. Read More
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Markets Flat As Oil Surges
May 20, 2009
The markets traded near the flatline as crude oil prices surged ahead of the holiday weekend. The Dow added 2 points to 8477 while Nasdaq edged up a point to 1736. Read More
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Market News
Banking Sector Gains, Oil Prices Tops $60 A Barrel
May 20, 2009
Investors were optimistic about the banking industry's feature given the ease by which banks were able to raise capital. Meanwhile, oil prices reached $60 a barrel due to inventory concerns. The Dow... Read More
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Market News
Mixed Close Over Mixed Housing Report
May 19, 2009
It was a mixed close for the markets with the Dow losing 29 points to 8474 as housing starts fell overall but construction of single family homes rose. Nasdaq added 2 points to 1734. Read More
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Single Family Home Construction Rises, Markets Up
May 19, 2009
Although overall housing starts dropped, construction of single family homes rose to lift the markets modestly higher during the midday with the Dow adding 6 points to 8510. Nasdaq rose 3 points to... Read More
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Market News
Housing Starts Drop, Markets Open Lower
May 19, 2009
A drop in April housing starts and permits for new projects made a possible recovery of the housing market more elusive. Investors took profits as the Dow lost 17 points to 8486 while Nasdaq gave up 5... Read More
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Market News
Banking Sector Upgrades Lift Markets To Higher Close
May 18, 2009
Upgrades of the banking sector boosted the markets to a sharply higher close with the Dow leaping 235 points to 8504. Nasdaq jumped 52 points to 1732. Read More
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Market News
Rise In Homebuilder Sentiment Lifts Markets
May 18, 2009
The markets continued to advance during the midday with the Dow surging 176 points to 8445 as homebuilder sentiment climbed in April. Nasdaq soared 31 points to 1712. Read More
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Market News
Stocks Open Higher on Firmer Corporate Profits
May 18, 2009
Better than expected corporate earnings fueled a rally in stocks this morning. Meanwhile, analysts upgraded the banking industry. The Dow climbed over 100 points to 8376 while Nasdaq rose 14 points to... Read More
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Market News
Despite a greater than expected gain in consumer sentiment, the markets closed modestly lower with the Dow tumbling 62 points to 8268. Nasdaq dropped 9 points to 1680. Read More
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Market News
Markets Lower As Investors Remain Cautious
May 15, 2009
Investors remained cautious even as consumer sentiment rose and consumer prices held steady. The Dow dropped 51 points to 8280 while Nasdaq slipped 3 points to 1686. Read More
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Market News
Stocks Open Mixed as Insurance Companies Rally
May 15, 2009
The markets opened mixed as investors digested the latest batch of economic news. Consumer prices were flat in April, but New York-area manufacturing continued to contract. The Dow fell 11 points to... Read More
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Market News
Markets Up Modestly Despite Higher Jobless Claims
May 14, 2009
The markets closed modestly higher with the Dow rising 46 points to 8331 despite greater than expected gains in wholesale prices and jobless claims. Nasdaq gained 25 points to 1689. Read More
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Market News
Falling Oil Prices Lift Markets
May 14, 2009
Falling crude oil prices lifted the markets higher during the midday with the Dow gaining 65 points to 8350. Nasdaq climbed 27 points to 1691. Read More
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Market News
Stocks Open Higher Despite Fading Economic Recovery
May 14, 2009
Bargain hunters focused on the ease by which banks raised funds while mostly ignoring concerns that the economic recovery faced challenges as weekly unemployment claims climbed higher and wholesale... Read More
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Market News
Rising Foreclosures Send Markets Tumbling
May 13, 2009
Rising home foreclosures and a surprising drop in retail sales sent the market tumbling to a sharply lower close with the Dow plummeting 184 points to 8284. Nasdaq slumped 51 points to 1664 Read More
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Market News
Markets Plunge Over Unexpected Retail Sales Drop
May 13, 2009
A disappointing drop in retail sales weighed down the markets during the midday with the Dow tumbling 163 points to 8305. Nasdaq plunged 37 points to 1678. Read More
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Market News
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