Archives for March 2007
As usual, the US economy is taking a hit because of something that is going on in another country. The current standoff between Iran and Great Britain is effecting the US markets more than anything else. US investors, who are worried about the cost and supply of oil, are driving stocks lower and […]
False rumors of a US and British attack on Iran spiked oil 12%, or up over 5$ in late afternoon trading. Crude oil closed at $68.91 on the day after the spike. The White House could not confirm any action taken on Iran, and no news agencies were carrying stories. However, that did not stop […]
Boosted by a growing number of sales in the Housing Market, Wall Street had the best week of earnings in 4 years. The Dow rose all five business days in the week, rising over 360 points in trading. Much of the loss suffered two weeks ago was regained, and the Dow continues to […]
The Fed announced today that interest rates would hold steady, signaling to investors that the economy has not changed drastically. The Dow jumped more than 150 points late in the day on this good news, while the Nasdaq jumped nearly 40. The Fed also warned of inflation as the economy continues to remain […]
The Markets were up again on Tuesday, as investors looked to the Feds for news about how the economy is doing. A rate hike by the Fed could send stocks down though, prompting investors to realize that the economy has not slowed down its inflation rate. However, if no rate hike occurs, look […]
The US Markets seemed to gain some stability back today after two weeks of shaky ground. Contributing to this gain are several factors. The first being that the price of crude oil has dropped to below $57. As spring approaches, the demand for heating oil is dropping, and the economic woes of the markets in […]
Worries on the US Mortgage market have produced a large drop in the Dow today. At midday, a drop of 130 points was already being seen, as the SEC is investigating the bankruptcy of one of the largest mortgage companies in the US. Another contributer to the drop today is Google, which is […]
The Dow once again fought back at the huge loss that happened over a week ago. The Dow finished up roughly 65 points on the day, after having jumped almost 100 in morning and mid afternoon trading. The surge can be attributed to good news from markets abroad, along with mortgages hiting a […]
The Dow struck back at the world markets today, rising over 100 points in opening trading. Investors have seen that although the US markets have decreased rapidly in the last week, the decrease has not affected the economy as a whole. With that good news, Investors are again getting comfortable with buying back […]
US markets again took a deep dive Monday morning, but by midday had seemed to gain some of that dive back. This stabilization can be looked at as the first of the end of the effects caused by last week’s major hit. As investors and companies alike re-evaluate their holdings, look for the […]