Monthly Archives: June 2009

Personal Savings; Bank Failures; Week Ahead on Wall Street

Submitted by Editor

on June 29, 2009

dow jones, financial sector, nasdaq, standard & poor, us economy

Both the Dow Jones industrial average and the Standard & Poor’s 500 slipped on Friday ending on a low for the second week running, while the tech-heavy Nasdaq composite managed to notch up a small gain for the week. The rally which had been spurred on by speculation that the U.S. economy is beginning to stabilize, was pushed off track by recent economic reports indicating the road to recovery may still be some way off. A Commerce Department report released on Friday revealed that personal income had surged, however, savings had done the...

Investors Ponder Housing Market, Regulatory Restructuring and Inflation/Deflation Fears

Submitted by Editor

on June 24, 2009

federal reserve, financial institutions, global economy, housing sector, inflation, world bank

Monday saw stocks fall to a three-week low on Wall Street, mostly due to the World Bank's dismal outlook on the global economy growth. The better than expected housing market report slowed the decline on Tuesday, but failed to regain losses entirely and the day drew to a close with the Dow Jones industrial average falling 0.2 percent, the Nasdaq composite remaining virtually unchanged and the Standard & Poor's 500 managing a 0.2 percent gain. Prior to the losses recorded over the past week or so, markets had enjoyed a 14 week rally, primarily...

Bank Credit Rating Cuts Ahead of Regulator Overhaul

Submitted by Editor

on June 18, 2009

banks, credit ratings, investment, obama administration, standard & poor

Fears that the recession may drag on longer than anticipated, made investors nervous and impacted negatively on Wall Street at the beginning of the week. A tech rally on Wednesday boosted the Nasdaq composite index with a gain of 0.7 percent. However, news of credit rating cuts for US banks caused financials to slide, dragging the Dow Jones industrial average with it, ending the day with a 0.1 percent loss, with a similar loss being recorded by the Standard & Poor's 500.

Wall Street Recoups 2009 Losses, Looks to Week Ahead

Submitted by Editor

on June 15, 2009

consumers, dow jones, federal reserve, housing sector, us economy, wall street

Following a day of ebb and flow on Wall Street, stock closed mixed on Friday with the Dow Jones industrial Average wiping out this year’s losses, ending the week at 8,799.41, while the tech-heavy Nasdaq composite fell to 1,858.80 and the Standard & Poor’s 500, a broad-market based index, crept up to close at 946.19. Trading volumes were sparse as the week drew to a close, which many view to be typical of summer trading and no cause for concern. Stock market investors appeared to be unaffected by the...

Fiat Sets Chrysler Back on Track; GM Strives to Go Green

Submitted by Editor

on June 11, 2009

auto industry, bankruptcy, chrysler, fiat, general motors

The U.S. auto industry has been under the spotlight for some months now, with bailouts, bankruptcy filings and major restructuring all receiving attention. Stock market investors have watched these developments with keen interest trying to gauge what effect government intervention will have on the industry, as well as all the related service and product suppliers that rely to a large extent on automakers for their continued existence.

Job Loss Slow Down Encourages Investors as They Look to the Week Ahead

Submitted by Editor

on June 8, 2009

banks, federal reserve, housing sector, job losses, retail sales

Friday saw the Dow Jones industrial average edge higher, gaining 12.89 points (0.15 percent) to an unofficial close of 8,763.13, while the Standard & Poor’s 500 dropped 2.37 points (0.25 percent), ending the day at an unofficial 8,763.13, and the Nasdaq Composite closing virtually static. This is the eleventh out of thirteen weeks that the Dow has ended on a higher note and one of the reasons cited for this continued rally was the slowing pace of job losses as reported by the Labor Department on Friday. Employers cut 504,000 jobs in April and...

Continued Job Losses Impact on Wall Street – Will Green Industries Save The Day?

Submitted by Editor

on June 4, 2009

ben bernanke, energy, federal reserve, job losses, wall street

With U.S. economic data revealing continued extensive job losses and a decline in mortgage applications, along with a worse than expected increase in factory orders, Wednesday saw investors locking down on profits garnered in the last four upbeat stock market trading sessions. Major stock market indexes had declined by close of business on Wednesday with the Dow Jones industrial average losing 64.04 points to close at 8,676.83, the Nasdaq composite dropping 10.88 points to 1,825.92 and the broad-based Standard & Poor’s 500 experiencing losses across all sectors and...

Manufacturing Data Boosts Markets Despite Impending GM Bankruptcy

Submitted by Editor

on June 1, 2009

asia, bankruptcy, europe, general motors, manufacturing

All major stock market indexes gained more than 1 percent on Friday, ending the week, and the month, on a high and clinching a third month in a row rally on Wall Street. Ahead of markets opening on Monday the Dow Jones industrial average futures rose 1.4 percent, or 121 points, to 8,609, while the Standard & Poor’s 500 index futures rose 1.7 percent, or 15.30 points to 933.40, and Nasdaq 100 index futures climbed 1.4 percent, or 20 points, to 1,455.50. This surge of optimism appears to be as a result of...

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Monthly Archives: June 2009

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