The three major US stock indexes shook off signs of weakening consumer confidence to post substantial gains. Share prices in the battered financial sector received quite a bump after Federal Reserve Chairman Ben Bernanke indicated that the nationalization of the country’s largest financial institutions isn’t necessarily a foregone conclusion. Read More
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The three major US stock indexes plunged further into the red today, with concerns about the health of the nation’s largest financial institutions weighing on the minds of many traders. Read More
President Obama signed the American Recovery and Reinvestment Act of 2009, more commonly known as the stimulus package, into law earlier this week. The effect has been far from stimulating--the Dow Jones Industrial Average sliced through its November lows last week, while the S&P 500 is just a few points above its November bottom. Read More
The three major US stock indexes recovered somewhat from steep declines earlier in the day, but much of the financial sector remained mired in then red, sunk by rumors that temporary nationalization might be the only option for the nation’s largest banks. Read More
The three major US stock indexes resumed their decline, paced by share prices in the embattled financial sector. Investors who have steered clear of this and other trouble areas, while focusing on stocks issued by high-quality companies with sound balance sheets will eventually come out ahead when the market returns to rationality. Read More
US stocks finished the day mostly flat after the most recent minutes released by the Federal Open Market Committee revealed that policymakers expect the economy to contract between 0.5 and 1.3 percent this year. Read More
The three major US stock indexes tumbled dramatically today, as investors remained gloomy about the deepening global recession. These declines were paced by share prices in the financial sector, reflecting ongoing questions about the health of the nation’s largest banks. Read More
My point is that when you spend a few hundred billion dollars on one plan and a trillion on another, pretty soon you’re talking about real money. The US money supply is exploding at a record pace as a result of all these bailouts, and we’re just getting started. Read More
The three major US stock indexes returned to their losing ways today, as concerns about bank earnings and the delayed impact of the economic stimulus bill weighed on investor sentiment. Read More
US stock rallied from earlier lows on reports that the Obama administration will announce a housing initiative that will subsidize mortgage rates to help struggling homeowners. Read More