U.S. stocks sink after rally, weak data

Posted by admin on November 27, 2008 under News | Be the First to Comment

U.S. stocks sink after rally, weak data
A pullback was expected given the magnitude of the rally that began Friday, giving the Dow Jones industrial average and the Standard & Poor's 500 index their first triple-session advance in more t…

Dow, S&P 500 clinch 4th straight winning session (AP)

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Dow, S&P 500 clinch 4th straight winning session (AP)

Specialists work on the floor of the New York Stock Exchange in New York November 25, 2008. (Lucas Jackson/Reuters)AP – A stock market gaining confidence in the nation’s financial system bolted higher Wednesday, propelling the Dow Jones industrials and Standard & Poor’s 500 index to their first four-day advance since last spring.


Mining collapse brings FTSE back to earth

Posted by admin on November 26, 2008 under News | Be the First to Comment

Mining collapse brings FTSE back to earth
The collapse of a major mining takeover brought the London market back to earth today after the record gain of the previous session.BHP Billiton’s withdrawal from its bid for Rio Tinto saw shares in…

Clouds over BCE deal pull TSX lower (Reuters)

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Clouds over BCE deal pull TSX lower (Reuters)
Reuters – The Toronto Stock Exchange’s main index fell in early dealings on Wednesday as the big leveraged buyout of BCE looked to be in doubt, while a gloomy corporate and economic outlook weighed on sentiment.

UK at a Glance-UK Stocks – Factors to watch on Nov 26

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UK at a Glance-UK Stocks – Factors to watch on Nov 26
LONDON, Nov 26 (Reuters) – Britain's leading share index is seen opening 31-64 points lower on Wednesday, having ended almost flat on Tuesday following mixed sessions overnight on Wall Street and in A…

World stock markets mixed after US extends gains (AP)

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World stock markets mixed after US extends gains (AP)

Traders work on the floor of the New York Stock Exchange in New York on November 25, 2008. (Lucas Jackson/Reuters)AP – World stock markets were mixed Wednesday after Wall Street extended its gains, with most Asian markets in the black but European stocks failing to join the advance as major benchmarks in Germany, Britain and France dropped 1 percent or more in early trade.


Goldman Sachs seen as first in line to sell FDIC-backed debt

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Goldman Sachs seen as first in line to sell FDIC-backed debt
NEW YORK (MarketWatch) — Goldman Sachs is in line to become the first bank to take advantage of another way to raise much-needed money that doesn't cost the government anything upfront.

U.S. launches support plan (Reuters)

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U.S. launches support plan (Reuters)

Treasury Secretary Henry Paulson arrives to speak at a news conference at the Treasury Department, November 25, 2008. (Jason Reed/Reuters)Reuters – The United States and Europe prepared fresh measures on Tuesday to tackle a sharp economic downturn, which top miner BHP Billiton cited in abandoning a $66 billion bid for Rio Tinto.


Dow Climbs Back Near Unchanged, Nasdaq Remains Firmly Negative

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Dow Climbs Back Near Unchanged, Nasdaq Remains Firmly Negative
(RTTNews) – After failing to sustain an early upward move, stocks are seeing some weakness in late-morning trading on Tuesday. The major averages have all moved into negative territory, with the tech…

Fed plan boosts Dow, S&P as Cisco sinks Nasdaq (Reuters)

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Fed plan boosts Dow, S&P as Cisco sinks Nasdaq (Reuters)

Specialists work on the floor of the New York Stock Exchange in New York November 25, 2008. (Lucas Jackson/Reuters)Reuters – The Dow and S&P 500 gained on Tuesday on optimism that the Federal Reserve’s latest rescue package could revive the sagging housing market and free up consumer lending.