What Happened In The Market Today…2 Feb 09
What’s Happening In The Market Now…… The market opened lower this morning in more dire economic data. The Commerce Department said consumer spending decreased by 1.0 percent after falling by a revised 0.8 percent in November. Incomes fell by 0.2 percent after November’s 0.4 percent decline while analysts had forecast spending falling by 0.9 percent [...]
What Happened In The Market Today…28 Jan 09
What’s Happening In The Market Now…… Stocks jumped up at the open this morning. Investors appear to be looking to the massive government spending to jolt the economy out of a yearlong recession that is the most severe in decades. Investors think the Federal Reserve is all but certain to leave its federal funds rate [...]
What Happened In The Market Today…27 Jan 09
What’s Happening In The Market Now… The markets opened the day mixed as earnings reports continue to paint a mixed picture. States Steel Corp. (X) and American Express Co. (AXP) managed to post profits while DuPont (DD) said it swung to a fourth quarter loss and Yahoo (YHOO) fourth-quarter earnings are expected to be down. [...]