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 ...

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 ...

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 ...

In response to growing concerns of an upcoming recession, the White House announced that it had tentatively reached a deal with Congress of an economic stimulus package. Part of the deal would include rebates of up to $600 for individuals, and $1,200 for couples. Along with these rebates, the deal will also include tax breaks for business investment. All said and done, the stimulus package could total $150 billion. What I ...

Oil prices have been moving lower today in reaction to bearish inventory data from the Energy Department. Going into today's inventory report, analysts had been looking to see a rise of 1.25 million barrels and were stunned to see the actual reserves rise by 4.3 million barrels. In reaction to today's report, prices have dropped down to $90.18, down $1.72 on the day, and for a brief period were trading under ...