Topic: Dow Jones Industrial Average
The BEA's second estimate of GDP growth for the second quarter (April - June) fell to 1.7%, from its first estimate of 2.4%. Yes, inventory restocking is counted as economic growth, and it is what led to the boost in economic growth ...
Look at the Dow Industrial Average in terms of real money - goldWatching American TV news or reading American newspapers can be dangerous to your mental and financial health. Whatever information they proffer is usually bereft with inaccuracies, fallacies and propaganda. But, ...
U.S. stocks plunged, as a double dose of discouraging earnings reports and concerns about the pace of the economic recovery wiped out the Dow Jones Industrial Average's gains for the week. The stock market's slide upends a week that started on a ...
The Great Rally of 2009 retraced exactly 61.8% of the decline in the Dow Industrials Index from its all-time High in October 2007. We are not surprised. That is a "magic number" that constantly appears and reappears in nature, and in everything ...
If the story of world financial market cycles was captured in a novel, the chapter on 2009 would recount the spiraling descent to the brink of the abyss where the very survival of the lead characters was in question. The Dow Jones ...
European stock markets rebounded on Wednesday and the euro dipped against the dollar as investors digested mixed signals on the strength of the global economy.London's benchmark FTSE 100 index rose 0.20 percent in late morning deals, Frankfurt gained 0.38 percent and Paris ...
The Dow Jones Industrial Average inched up 0.08% yesterday to close above 11,000 for the first time since September 2008. The alter ego, a firm called Hudson Castle, appeared to be independent but was 25% owned by Lehman, which also controlled its ...
Seth Glickenhaus, who worked on Wall Street as a trader in the Great Depression, calls the optimist-pessimist divide now the "big gulf.On Friday, the Labor Department reported unemployment held at 9.7 percent in February.Glickenhaus likens Wall Street optimists to the guys he ...
Almost $1.1 trillion in commercial loans and $211 billion in apartment loans were held by U.S. banks on Dec. 31, according to Real Capital. Besides registering their biggest full-year decline in total loans outstanding in 67 years, U.S. banks set a number ...
The market action Wednesday was as unwelcome as a new snow storm in Washington DC. Given that the DJIA closed up 150 points for the day on Tuesday and the market breathed a sigh of relief, yesterday's closing down 20 points, on ...