analysts, black friday, consumers, economic crisis, market sectors, retailers
Traditionally many retailers have viewed Black Friday as the means to pull them out of the red and into the black financially speaking (hence the name), but this year Black Friday is generally being viewed with trepidation as analysts predict that cash strapped Americans will be carefully considering every dollar they spend. Retailers throughout the U.S. have battled through a difficult year, with many going out of business or declaring bankruptcy, so Black Friday has now more than ever before become a light at the end of a long dark tunnel for many...
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analysts, consumers, dow jones, economic crisis, global economy, nasdaq
While months of market volatility have taken a toll on stock market players, there is an air of cautious optimism that the market rally being experienced at present will continue, at least in the short term. Following President-elect Barack Obama’s pledge that on his first day in office he would have a plan to deal with the U.S. economic crisis, early session losses on Thursday were reversed. While gathering his economic team, which has met with approval from many quarters, Obama reassured the nation that “help is on the way”.
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bailout, consumers, federal reserve, mortgages, us economy
While many U.S. stock market players may have faced Tuesday with trepidation, thinking it unlikely that markets would experience gains for a third day in a row, the announcement by the Treasury Department and the Federal Reserve that $800 billion will be injected into the struggling U.S. economy resulted in the session ending with most major indexes reflecting slight increases. The Dow Jones industrial average closed 0.4 percent up and the Standard & Poor’s 500 index climbed 0.7 percent, however, the Nasdaq Composite dropped 0.5 percent. The Dow may have gained 12.3 percent over...
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citigroup, federal reserve, obama administration, wall street
Markets in the United States and around the world rallied on Monday, which many see as an endorsement of Barack Obama’s choice for his administration’s economic team. The additional government bailout package for banking giant Citibank also contributed to the spirit of optimism reflected in Monday’s stock market activity. The Dow Jones industrial average rose 4.9 percent, the Standard & Poor’s 500 gained 6.4 percent and the Nasdaq composite index rose by more than 6 percent. For the Dow and S&P 500, the two-day percentage gain was the biggest experienced since October 1987, while...
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analysts, federal reserve, obama administration
At the end of a week of volatility, reflecting the many uncertainties and unanswered questions facing investors, U.S. stock markets rallied during Friday’s trading and while not entirely regaining the losses of the week, at least minimized those losses to some extent. Many believe that the rally in the market can be attributed primarily to the rumors and speculation with regard to who will be making up the Obama administration’s economic team. The President-elect is scheduled to introduce this team to the nation on Monday afternoon, and analysts are hopeful that with the...
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capital, citigroup, liquidity, securities and exchange commission, shares
Despite a vote of confidence from its biggest single investor, Saudi Prince Alwaleed bin Talal, Citigroup’s shares and market value continue to decline. Citigroup’s market value dropped to $25.7 billion on Thursday, and when taking into account that in the not too distant past its market value exceeded $270 billion, it appears that investor’s have some valid reservations about investing in the embattled bank. Nevertheless, on Thursday the Prince stated that he believes Citigroup’s shares are “dramatically undervalued”, and he plans to increase his less than 4 percent...
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auto industry, investors, oil prices, us economy
As anticipated by many analysts, stock market volatility is far from over. U.S. stock markets dropped dramatically on Wednesday as concerns relating to the economy, highlighted by the uncertainty of the future of the U.S. auto industry, caused investors to dump stock near close of trade, erasing Tuesday’s gains. The Dow Jones industrial average closed below the 8,000 mark, a state of affairs which has not been seen since March 2003. The Dow was down 5.1 percent, with all 30 Dow components ending the session lower. The Standard & Poor’s 500 index sank 6...
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fannie mae, mortgages, nyse, tarp
Embattled mortgage backer, Fannie Mae, revealed on Tuesday that it had received notification from the New York Stock Exchange (NYSE) that its shares currently fail to fulfill price-related requirements for listing on the exchange. One of the NYSE requirements for continued listing is that the average closing price of a stock remains above $1 per share. Fannie Mae stock was trading at levels as high as $40.45 around a year ago, but on Tuesday closed at 47 cents, underscoring just how dire the once mighty mortgage backer’s circumstances have become.
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