What Happened In The Market Today…26 Jan 09
What’s Happening In The Market Now… Stocks were cautiously up at the open this morning. The announcement of Pfizer’s (PFE) acquisition of Wyeth (WYE) shows deals are possible even in a recession. Caterpillar (CAT) said it was “whipsawed” in the final three months of 2008 as a sharp drop in economic conditions and plunging commodity [...]
What Happened In The Market Today…23 Jan 09
What’s Happening In The Market Now… The market was down sharply at the open once again this morning. Corporate earnings reports continue to come in short of estimates and increase fears about the extent of the recession. The British government released data showing the country’s economy shrank 1.5 percent in the fourth quarter, after contracting [...]
What Happened In The Market Today…22 Jan 09
What’s Happening In The Market Now… Stocks were lower at the open this morning after more disappointing economic data was released. The Commerce Department reported construction of new homes and apartments fell 15.5 percent to an annual rate of 550,000 units last month smashing the previous low set in November. The Labor Department reported initial [...]