Market should open higher after yesterday’s sell off

Posted On Tuesday, 30 Sep 2008 By . Under Before the Bell, Congress, Economy, George Bush, Major Moves, Market Updates, Recession    
Market should open higher after yesterday’s sell off Yesterday was brutal on the stock market, with the largest one day drop in history, as the DOW fell 777 points, a decline of nearly 7. The Nasdaq dropped by even more on a percentage basis, with a decline of 9.14%, and the S&P gave back 8.8% yesterday. Futures are trading higher today, but it is going to take a lot more than one day of upside to make up what ...

Wall Street heads for lower open on bailout possibility

Posted On Monday, 29 Sep 2008 By . Under Bad News, Before the Bell, Congress, Economy, George Bush, Recession    
Wall Street heads for lower open on bailout possibility Looks like another tough start to the week for Wall Street, as traders express their disappointment in the proposed bailout plan that looks likely to pass Congress the week. The Bush administration is pushing hard for its $700 billion bailout, but Wall Street doesn't believe that the Bush plan is going to be enough to help bailout the struggling economy, and futures are trading sharply lower this morning now that it ...