Topic: Dow Jones Industrial Average
Risky assets remained in favor during the past week, generally helped along by fairly robust economic data and better-than-expected corporate earnings reports. Notwithstanding a down-day on Friday, U.S. indices closed higher for the week. That's the time-honored U.S. way, but loyal Americans ...
It's hard for the average consumer to keep track of it all: the falling Dow Jones Industrial Average, the talk of a global economic recession, the mortgage crisis and the broken housing market, the financial meltdown in Wall Street, rising fuel prices ...
Forecasts and projections galore over the past 3-4 months as the DJIA (read market indicators) gradually worked its way almost inching up to the 10,000 mark. From May through September, job losses averaged 307,000 per month, compared with lossses averaging 645,000 per ...
Stocks post their best week since JulyNEW YORK (AP) The stock market is keeping its momentum going, giving shares their best week in more than two months.Moderate gains on Friday led by health care and utility companies pushed stocks to a 4 ...
On Sept. 14, 2009, Wallace Forbes, president of the Forbes Investors Advisory Institute, hosted the latest quarterly edition of the Forbes Financial Round Table. Leading off the discussion was Robert "Bob" Stovall, a fixture in investment research and strategy for the past ...
"It saves Armageddon from happening," one insider, Dave Rovelli, managing director of U.S. equity trading at Canaccord Adams in New York, offered on the Monday after the Fannie and Freddie takeover.But not 24 hours later, the landscape looked very different.The next day, ...
Global stock markets remain in a state of positive fundamental and technical alignment. In an August 3, 2009 Seeking Alpha article, New Bullish Signals Emerge, we suggested that it was significant when the slope of the S&P 500's 200 day moving average ...
Nicholas Perna is chief economist at Perna Associates, economic advisor to Webster Bank, and a visiting lecturer at Yale University. Previously he was chief economist for Fleet Financial Group, Shawmut Bank, and Connecticut National Bank. Before that he was an economist with ...
After the near-collapse of the US banking system, and the attendent freeze in the credit markets, and the multi-month crash in equity markets that took the S&P 500 from over 1500 to under 700, many still doubt the 5 month rally that ...
"We are looking at the situation as the next Great Depression at our doorsteps," says Michael Rubino, chief executive of Rubino Financial Group, a wealth management firm in Troy, Mich. "We expect unemployment to reach Great Depression levels [of 25% at the ...
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