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Market Update – Markets close the week on a sour note

Posted On Friday, 13 Feb 2009 By Michael. Under After the Bell, Bad News, Congress, Economy, Foreclosures, Housing, Market Updates, Politics, Recession  Tags: DOW, Foreclosures, Housing, NASDAQ, Obama, S&P, stimulus, wall street  
Market Update – Markets close the week on a sour note Friday was another sell off for the market, as investors continue to show fear ahead of a plan out of Washington on how to reverse the current recession that seems to be deepening with each passing day. The DOW was down 1.04% today, the NASDAQ traded 0.5% lower, and the S&P dropped another 1.0% in today's trading. For the week, the DOW dropped a total of 5.2%, and is sitting at lows ...

Premarket look: Market poised for lower start to kick off February

Posted On Monday, 02 Feb 2009 By Michael. Under Before the Bell, Congress, Consumer Experience, Economy, Market Updates  Tags: consumer spending, Economy, premarket, stimulus, Trading  
Premarket look: Market poised for lower start to kick off February Taking a look at futures trading this morning indicates that the market is going to get off to a tough start for the trading day of February. Investors continue to express concern that the stimulus package that was recently passed in the House is not going to get passed when the Senate gets its chance to vote on the new plan. There is still a good deal of concern over what ...

Premarket look: Market poised for another sell off

Posted On Monday, 06 Oct 2008 By Michael. Under Bad News, Before the Bell, Congress, Consumer Experience, Economy, George Bush, Major Moves, Market Updates, Politics, Recession    
Premarket look: Market poised for another sell off Another tough day ahead of us on Wall Street, as international markets have sold off about 4% today on widening fears over the slowing global economy. Look for another sell off on Wall Street, as futures are indicating a very sharp drop at the open. After the volatile week last week, many of us had some hopes that the Bush approved $700 billion bailout plan that was passed late on Friday ...

Market should open higher after yesterday’s sell off

Posted On Tuesday, 30 Sep 2008 By Michael. 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 Michael. 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 ...

Bernanke comments help give stocks a boost

Posted On Wednesday, 02 Apr 2008 By Michael. Under Congress, Consumer Experience, Dollar, Economy, Federal Reserve, Forecasts, Good News, Housing, Market Updates, Recession    
Bernanke comments help give stocks a boost This morning we were seeing the markets in the red, but they were given a bit of relief following Fed Chaiman Ben Bernanke's testimony to Congress today. Ironically, it was Bernanke himself that had initially put the markets into the red when he stated that there was a decent chance that the U.S. economy would contract during the first half of this year. With all the recession rumors and fears floating ...
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