Dow plumets more than 500!!
We are working on this, stay tuned as we continue to follow…..
Wall Street Slammed, largest drop in months
Wall street was slammed on Tuesday, with the Dow dropping more than 280 points in a single day. This huge sell off was being blamed on the Chinese markets, where investors started unloading some of their holdings in American companies. The Chinese markets plunged due to concerns that the share valuations had become […]
Sales of Existing Homes Rise
January was another very good month for the housing market. Sales of existing homes rose, show that consumers are once again getting comfortable with buying and selling. This was the largest rise in nearly two years. The median price of homes fell for the sixth straight month. Analysts say that this drop, 3.1% lower than […]
Oil Prices up, Markets Down
Oil prices have risen throughout the week above the $60 mark, due to speculation that several refineries will need to be scaled back in production for annual repairs. This news has led the markets to have a very unstable week, with the market showing lots of ups and downs with trading. With oil […]
XM and Sirius to merge
A long awaited merger between Sirius and Xm satallite radio is expected today. Although the merger will take time due to FCC regulations, there is news that Me Karamzen, Sirius CEO, will run the company. This merger is being called a merger of two equals.
Dow soars on economic good news, new record set
Wall street soared today after the comments from Federal Reserve Chairman Bernanke that inflation is poised to eaze while the economy continues to grow. Inflation is currently tied to the housing market, which has been in a slump lately. The news from the chairman excited traders so much that a new record was […]
Wall Street Makes Huge Recovery
Wall Street made a huge recovery on Tuesday, with the Dow finishing up over 100 points. The Nasdaq and S&P 500 were also up on the day. Trading was boosted by news that Alcoa, a top metal producer, may be near to a $40 billion takeover. In other monetary news, Bank of […]
Wall Street can’t hold up to losses
Even with comments from Saudi Arabia and a drop in the price of oil could not keep Wall Street from losing again on Monday. Also, several closely watched acquisition deals fell through, driving the markets down even farther. Further trading was slowed as Ben Bernanke will speak to congress on Wednesday about the […]
Will weather hold the Dow to a slow week?
As the northern part of the US recovers from 11 feet of snow in some places, the markets look to make up the losses they suffered last week. With the winter weather finally hitting the northeast, the price of oil was again driven up to almost $60/barrel. This, along with lower than expected […]
Dow Sets Another Record Thanks to Cisco
The Dow set another intraday high after Cisco Systems announced a larger than expected profit. This news helped increase optimism about investing and how the market is looking with profits. Low labor costs as well as high productivity helped calm concern about wage inflation as well. News that the Government is raising […]