Archives for May 2007
There are several things happening in the economic world that is helping to push the stock markets to new record highs. First off, after a huge sell off of China’s stock market yesterday, it has rebounded tremendously. However, yesterday’s sell off did not hurt the US markets, which instead reached another all time high. The […]
The New York based Conference Board Consumer Research Center announced today that despite high oil prices, consumers are confident with the economy. Consumers are seeing optimism about the job market, driven by company buyouts, better wages, and better tax situations, all fueled by the current Government led by the Bush Administration. Lynn Franco, director of […]
Stocks that are expected to post earnings today include several major clothing companies. Gap, Ann Taylor, and Limited Brands of clothing are all expected to announce their earnings today. All are expected to post a profit, but Limited Brands is expected to post half of the profit that it did a year ago. This has […]
More and more takeovers are helping to drive the US markets to all time highs. This trend, which has been going on mainly in this quarter, seems to have more effect on the markets than high oil prices and the housing market. One of the latest takeovers is by Universal Music Group, which has agreed […]
The US stock markets have had another great week, and gas prices are not holding consumers back in their spending. Both the Dow and the S&P 500 had their seventh straight week of gains, which pushed the Dow to another record close. The Nasdaq also saw gains this week, with a gain of 19 points […]
With the recent news that the Federal Reserve is keeping interest rates the same, one has to wonder, is inflation really in check? The housing market is on a slump, gas is on the rise, but everything else seems to be doing great. So why is all this happening? As it seems to be, the […]
The US markets were off to a slow start yesterday, and they waited to find out whether or not the Federal Reserve would hold interest rates steady or make an adjustment. As thought, the Fed held the rates steady, and stocks climbed after that point. The Dow Jones, Nasdaq, and S&P 500 all […]
The Dow finished up another 489 points today, driven by even more good news from companies that are reporting earnings. On Tuesday, Cisco is expected to announce earnings of $.33/share, and Disney is expected to announce $.38/share earnings. Both companies have been doing well with the economy, especially in technical ventures. Disney […]
Factories produced higher than expected gains during the first quarter, as reported on Wednesday. The stock markets jumped when this news was presented, and stayed up all day long. Not only did the Dow Jones jump nearly 76 points, but the S&P 500 reached its highest level in over 6 years. The stronger than expected […]
Wednesday predictions are that Sprint Nextel and TimeWarner are both expected to announce profits of around $.22/share. This is great news as once again the US markets saw a tremendous gain on Tuesday. Part of the gain today was with the News Corp. bid of $5 billion for Dow Jones and Co. Also giving a […]