We have been hearing a lot of rumors that the recession is finally over, and we get another hint at this today with a new report that the majority of economists believe that the recession has ended but econonic recovery is going to be slow. According to a poll by National Association for Business Economics, 80% of economists that it polled stated that they believe the recession has ended and the ...

The first quarter was a strange three months for the stock market. All the major indexes finished in the green to cap off a period that saw massive swings in both directions. The DOW lost about 25% between the second week of January and early March, but has made up a lot of lost ground over the past couple of weeks, as investors are starting to believe that the worst is ...

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 ...

Despite being hit with some seriously unfavorable employment data today, Wall Street made strong gains to close out the week today. The DOW was up 2.7% today, the NSADAQ inched up 2.9%, and the S&P posted a rise of 2.7%. Earlier in the day, it appeared as though we may be in store for a sell off when the Labor Department released unemployment data for January. In its report, it said that ...

Retail sales figures for January are in, and the picture is not pretty for most retailers out there. According to the International Council of Shopping Centers, sales dropped by 1.6% in January, which was actually a little better than the 2 to 3% dip analysts had been expecting, but still marking the fourth straight month sales have shrunk. While most retailers are facing hard time, Wal-Mart (NYSE: WMT) actually had a ...

With the way the market has been moving violently lower the past couple of week, the Federal Reserve announced today it was lowering its key federal funds rate by half of a percentage point, down to 1.5%. It lowered the discount rate by the same amount, down to 1.75%. The Fed stated that economic growth had slowed "markedly in recent months," and that the cut was necessary. Futures are trading higher this ...

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 ...

With all the concerns that we have been hearing about a possible recession this year, it was good to see that the U.S. economy did grow during the first quarter, even if it was just bit a small amount. According to a report from the Commerce Department today, the economy grew at 0.6% during the first quarter of the year. That is the same growth that we saw in the last ...