NEW YORK (Fortune) -- Don't let Tuesday's rally fool you. While the Dow roared back more than 236 points and the S&P 500 gained 4%, Monday's 12-year lows showed that this bear market may still grow bigger and meaner.
To start the week, both the S&P 500 (
) slipped past their November troughs to close at their worst levels since 1997. The Dow's 49.8% drop from its October 2007 peak marked the index's second-sharpest decline since 1901, according Read more
Last fall's fear-driven equity meltdown was scary. The latest drop in stock prices could be even scarier
on Feb. 23 replayed its November meltdown, dropping below last year's lows to a level not seen since April 1997.
But though stocks are now back at levels not seen since 1997, February's orderly slide feels very different from the sharp declines seen last fall. And that's what's worrying investors: November's crisis sometimes felt like irrational Read more
U.S. Stocks Fall, Sending Market to Its Lowest Close Since 1997
Feb. 23 (Bloomberg) -- U.S.
fell, sending the
Standard & Poor’s 500 Index to a 12-year low, as concern that the
deepening recession will erode earnings offset the government’s
pledge to give more capital to banks.
Hewlett-Packard Co. and Intel Corp. slid at least 5.4
percent as Morgan Stanley said
shares are the most
vulnerable among economically sensitive industries. U.S. Read more
Humana, Campbell Soup, Amerisafe are big movers
Humana Inc., down $9.71 at $30.83
Preliminary 2010 Medicare Advantage payment rates, which the government released Friday, could hurt the health insurer next year.
Campbell Soup Co., down 82 cents at $28.63
Second-quarter profit dropped as overall sales fell and due to a stronger dollar, though domestic soup sales were strong.
Developers Diversified Realty Corp., down 13 cents at $2.50
The Read more
NEW YORK (AP) — Wall Street has turned the clock back to 1997. Investors unable to extinguish their worries about a recession that has no end in sight dumped stocks again Monday.
The Dow Jones industrial average tumbled 251 points to its lowest close since May 7, 1997, while the Standard & Poor's 500 index logged its lowest finish since April 11, 1997. It's as if the decade's dot-com surge, collapse and subsequent recovery never occurred.
Read more
[BRIEFING.COM]
S&P futures vs fair value: +6.90. Nasdaq futures vs fair value: +8.30.
Stock futures currently lead fair value, suggesting an upward start to the session.
(C) is engaged in talks that could expand the government's stake in the financial services giant, according to
. The report indicated the government could take as much as 40% of Citi's common stock. Shares of C have been gyrating during premarket action, but are now trading Read more
PEORIA, Ariz. â Padres outfielder Jody Gerut takes more than a passing interest in the world beyond baseball. Gerut studied history at Stanford, runs his own investment fund, reads The Economist and recently discussed whether the United States should nationalize banks and whether the Dow Jones will fall to 6,000.
Asked about the baseball economics of this past offseason, Gerut spoke like Warren Buffett would of the value opportunities Read more
The stock market's fall Friday had the S&P 500 Index near its bear-market
low as companies listed on the broad-market index engaged in another record-
breaking quarter of slashed dividends.
After lapsing more than 200 points, the Dow Jones Industrial Average (DJI)
recovered some to end at 7,365.67, down 1.3% for the day and 6.2% from last
Friday's close, its worst week since
Oct. 10
. Earlier, the blue-chip index fell
to an intraday low of 7,249.47, Read more
Saturday, February 21st 2009, 4:00 AM
's loose cannon in chief, but his old Senate buddy
is proving to be the master of disaster.
Dodd flapped his gums in a television interview yesterday and promptly sent the stock markets into a tailspin, further battering
's bruised investors. Thanks, pal.
to loosely throw around the concept of nationalizing U.S. banks, even for a brief period of time.
appearance: "I don't welcome that at all, but Read more
manage staff in the future. minimum qualifications b.s. degree in accounting or finance required. masters degree or cpa certification preferred. five (5) years... .
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rock, ar supervisor-finance/revenue assurance 213622... supervision.
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the philosophy of freedom seeks candidates for a manager of administration and finance. this position independently Read more