The stock market struggled to recover from a tumultuous 2008 yesterday (Tuesday) while digesting a trio of downbeat economic reports from the manufacturing, housing and service sectors.
The reports included separate data on factory orders and pending home sales for November, as well as the
report on the non-manufacturing index for [...]
On Wall St on Friday, the Dow Jones Industrial Average index rose 258.3 points, or 2.94 per cent, to 9034.69 as investors awaited details of a fiscal stimulus plan to be offered by the administration of US President-elect Barack Obama to revive the spluttering economy.
The broader Standard & Poor's 500 index gained 28.55 points, [...]
NEW YORK (CNNMoney.com) -- Stocks rallied Friday, with investors starting off a new year on the right foot, after an abysmal 2008, and the Dow closing above 9,000 for the first time since November.
) rose 258 points, or 2.9%. It was the second-best start of the year on a point basis, according to Dow [...]
An investor would have to be made of Pyrex to withstand the extremes of 2008.
As the closing bell rang Wednesday afternoon, it mercifully ended the third-worst stock market year in history.
500 stock index fell 38.5 percent in 2008, rivaling the 38.6 percent drop in 1937 and the record 47.1 percent plunge in 1931.
[...]
Investors begin 2009 licking their wounds from the worst year on Wall Street since the Great Depression, one that left many portfolios devastated and their owners scrambling for safety.
"It's been a harsh year," said Esther Szabo, outgoing president of the Silicon Valley Financial Planning Association, as she reviewed the rubble that was Wall Street [...]
Dec. 29 (Bloomberg) -- South Korea's
, the nation's biggest investor with 225 trillion won
($178 billion) in assets, will add bonds and cut back on equity
investment from an earlier target after the stocks slumped.
Domestic stocks will account for 17 percent of its assets by
the end of 2009, down from its initial plan of 20.3 [...]
[BRIEFING.COM]
S&P futures vs fair value: +1.20. Nasdaq futures vs fair value: +4.30.
Share volume is expected to remain relatively light in post-holiday trading.U.S. market participants will take another holiday on Thursday, Jan. 1 in observance of New Year's Day. Light trading volume has the potential to induce pronounced swings in individual stocks andbroader indices, [...]
[BRIEFING.COM]
S&P futures vs fair value: +2.50. Nasdaq futures vs fair value: +2.50.
Stock futures currently point to a higher start. Volume is expected to be light in this shortened session (U.S. stock markets close at 1:00 PM ET).Early headlines surround economic data. November durables goods new orders fell a less-than-forecast 1.0%, but the trend [...]
Associated Press - December 23, 2008 11:53 AM ET
NEW YORK (AP) - Stock prices are mostly lower at midday on Wall Street.
The Dow Jones industrial average is down 14 points at 8,505. Decliners on the New York Stock Exchange hold an 8-7 lead over gainers.
The Nasdaq Composite Index has gained less than [...]
Dec. 24 (Bloomberg) -- The yen rose against the euro and
the dollar, snapping two days of losses, on speculation declines
in stocks will increase the Japanese currency’s appeal as a
haven from the credit crisis.
The dollar weakened versus the euro before government data
that will probably show U.S. personal spending and durable goods
orders dropped. The South Korean [...]