Breaking news from The New York Times states that financial stocks led a broad market rally. The Dow is now above 7,000. All this despite a jump in jobless claims and a cut in General Electric’s credit rating. I wouldn’t be getting my hopes up that it will keep going up or even stay above […]
Today saw Wall Street take another big hit. The Dow Jones was down around 200 points until the last hour of trading when it plunged for a total of 678.91 points. Today the market closed with the Dow at 678.91 points. A year ago today when the Dow was at it’s peak, it closed at […]
It’s not stopping, folks. The New York Times just reported that the Dow is down 700 points and Standard & Poor’s is down 7.7%. The Dow has lost more than 1,100 points — or about 10 percent — in slightly more than a week. The S. & P. has lost more than 15 percent in […]
The New York Times breaking news is bad news on the financial front. The Dow just dropped below 10,000 for the first time since 2004. You can read about it at Stocks Fall Sharply on Credit Concerns. There are also two related stories, Full of Doubts, U.S. Shoppers Cut Spending and Europe Tested by Financial Crisis. This […]