Stocks slipped Friday as investors eyed the weaker-than-expected June jobs report, and were cautious ahead of the long holiday weekend.
The Dow Jones industrial average (INDU) lost 36 points, or 0.4%, the Nasdaq (COMP) composite fell 8 points or 0.4% and the S&P 500 (SPX) index dipped 3 points, or 0.3%. On Thursday, the Dow and [...]
Archive for the ‘Market Finance’ Category
Stocks jittery after jobs report
July 2nd, 2010 by Financial Writer
Tags: debt crisis, Dow Jones Industrial, economic, economists, european economy, investor market, Nasdaq composite, stock market, unemployment rate, us economic, us economy
more...Treasury Sale of Citigroup Shares Slowed Amid June Market Slump
July 1st, 2010 by Financial Writer
The U.S. government’s sale of Citigroup Inc. shares slowed last month as the bank’s share price tumbled 5.1 percent amid a stock-market slump.
The government sold 1.1 billion shares from May 27 through June 30, according to a Treasury statement today. The sales, which are being managed by Morgan Stanley, generated proceeds of about $4.3 billion [...]
Tags: banks, citigroup, economists, financial system, investment, money, stock market, us economic, us stocks, us tax
Stocks struggle to rise
June 30th, 2010 by Financial Writer
Stocks struggled to gain Wednesday after a weaker-than-expected jobs report killed some momentum toward a market rebound.
The Dow Jones industrial average (INDU) was up slightly, while the S&P 500 (SPX) gained 0.4% and the Nasdaq (COMP) was up about 0.7%.
The ADP report showed less of a job-market gain than economists had hoped, which dented stocks [...]
Tags: businesses, Dow Jones Industrial, economic recovery, economists, global economic, Nasdaq composite, stocks, world markets
Bank stocks get hammered
June 29th, 2010 by Financial Writer
Bank stocks tumbled Tuesday on the heels of negative global economic data and concern that a financial reform bill won’t pass in the Senate.
Morgan Stanley (MS, Fortune 500), Bank of America (BAC, Fortune 500) and JPMorgan (JPM, Fortune 500) all closed about 4% lower.
Those stocks slid amid renewed concern that the Wall Street reform bill [...]
Tags: bank of america, bank stock, economic, financial, financial system, Global Economy, loans, money, us economy
U.S. Stocks Fluctuate on G-20 Deficit Pledge, Consumer Spending
June 28th, 2010 by Financial Writer
U.S. stocks swung between gains and losses as a bigger-than-forecast rise in consumer spending and a pledge by Group of 20 leaders to cut deficits offset smaller- than-estimated growth in personal incomes.
Transocean Ltd., the company that leased the Deepwater Horizon drilling rig in the Gulf of Mexico to BP Plc, advanced after the British oil [...]
Tags: commerce department, consumer spending, debt crisis, Dow Jones Industrial, economic recovery, european economy, financial leaders, Global Economy, us stocks
U.S. Growth Is Revised Downward, to 2.7%
June 27th, 2010 by Financial Writer
The government lowered its estimate of how much the economy grew in the first quarter of 2010, noting that consumers spent less than it previously thought.
The country’s gross domestic product rose by an annual rate of 2.7 percent for January through March, the Commerce Department said on Friday. That was less than the 3 percent [...]
Tags: businesses, commerce department, debt crisis, economists, economy grew, european economy, financial system, recessions, us consumer
U.S. economic growth revised lower to 2.7% for first quarter
June 25th, 2010 by Financial Writer
The U.S. economy grew at a 2.7% pace in the first quarter, the Commerce Department said Friday, an annualized rate that came in lower than what government forecasters had previously projected.
Economists have never been too impressed with the composition of growth in gross domestic product in the first quarter. More than half of the GDP [...]
Tags: business investment, commerce department, consumers, economic growth, economists, economy recovery, financial, us economic, us economy
Yen, Dollar Advance on Speculation Economic Recovery Sputtering
June 24th, 2010 by Financial Writer
The yen and the dollar gained against most major counterparts as signs the global economic recovery is faltering fueled demand for the safest currencies.
The Japanese currency remained the top performer among the most-traded currencies even after data showed U.S. jobless claims declined last week. Stocks fell on concern Europe’s debt crisis is worsening. Federal Reserve [...]
Tags: commerce department, debt crisis, economic recovery, financial system, Global Economy, home sales, unemployment, us, us economic, us federal reserve
European surveys fuel growth slowdown fears
June 23rd, 2010 by Financial Writer
The durability of Europe’s recovery looked more doubtful on Wednesday after key business surveys showed dimming confidence about the prospects of economies that are pressing ahead with austerity measures.
Euro zone purchasing managers indexes showed private sector firms expanded at a slightly slower pace in June, but beneath the headline figures there was feeble demand for [...]
Tags: businesses, consumers, economists, european economy, financial crisis, financial markets, us treasury, wall street
Existing home sales slip 2% in May
June 22nd, 2010 by Financial Writer
Existing home sales slipped in May and missed estimates but sustained a strong pace as homebuyers who qualified for the expired tax credit moved to close deals ahead of the June 30 deadline.
The National Association of Realtors reported that existing home sales dipped 2.2% last month to a seasonally adjusted annual rate of 5.66 million [...]
Tags: debt crisis, economists, financial system, home inventory, home prices, home sales, interest rates, loans, money, mortgage rates, real estate
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