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Technology became the first of the ten S&P 500 sectors to recover all of its losses incurred after Lehman’s bankruptcy one year ago.
The markets continued to inch up yesterday, posting gains for the seventh time in 8 days and are looking up again this morning on the open. While the Dow and S&P have mostly been up fractionally on those days over the past couple of weeks – string together those smaller gains, and notice they have rallied a notable 4% and 6%, respectively, since September 2.
One year ago today, "too big to fail" became a key topic of debate. As the markets were already digesting the Lehman Brothers bankruptcy, the insolvency of Bear Stearns, Bank of America's buyout of Merrill Lynch, and the government takeover of Freddie Mac and Fannie Mae, the possibilities that no company was safe or too big to fail was on investors panic stricken minds. When AIG received its first installment of bailout funds, failure was no longer an option.
Since Lehman Brothers filed for bankruptcy one year ago, a screen of the S&P 500 reveals that 82% of its components remain in the red to date.
Today is the midpoint for September and so far it is not as volatile as Septembers past. The Dow is up just over 1%, the S&P is up ~2.5% and the NASDAQ is up over 4% month-to-date. Here is a look at NYSE trading volume averages from the past three years.
One year ago on Sunday September 14, Lehman Brothers was scrambling before declaring bankruptcy later that night and Bank of America announced a deal to acquire Merrill Lynch. Here is a look at where major indices and stocks look one year later.
A year after the collapse of Lehman Brothers, one thing is clear: banks' ability to make quick money will take a hit, as shell-shocked regulators impose tighter rules on them.
U.S. stocks broke their five-day winning streak on Friday, as a pullback in oil prices led investors to take profits ahead of the weeking; however, all indices posted gains of nearly two percent or more for the week.
One year after Lehman Brothers’ failure, former employees remain haunted and confounded by the event. “It wasn't Lehman's employees who failed; it was the leadership,” says one ex- senior manager.
As I drove up the NJ Turnpike this morning, I could not help but to look over at the Manhattan skyline and reflect on a similar drive 8 years ago today and how things have changed since then. For the markets, the Dow closed yesterday at 9627, almost exactly where it was on Sept. 10, 2001.
Is M&A back on the the rise? The attention grabbing news of potential deals between Disney and Marvel Entertainment last week and now between Kraft Foods and Cadbury might make you think so. Here are what the numbers show:
Historically and on average, the U.S. Markets have been down on the week after Labor Day and continued to downtrend from Labor Day to Thanksgiving.
All major U.S. indices closed to the upside on Friday, as less than expected job losses in August led investors to focus on the positive side of a mixed payroll report, which showed that the unemployment rate jumped to 9.7%, or its highest level since 1983.
The latest overall job loss numbers showed a loss of 216,000 jobs in August and the unemployment rate rose to 9.7%, the fewest losses since August last year but highest unemployment rate since mid-1983. The June and July numbers were revised upward as well. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
As of 9:15 this morning, 100% of retailers tracked by Thomson Reuters have reported same store sales. Here is a breakdown of where things stand.
The stock averages aren’t always the best snapshot of the market, Cramer says. This is how you get a more accurate picture.
With over 6 million jobs lost in the past year, the output per hour of remaining workers grew at its highest rate since 2003.
The Dow Jones Industrial Average has had 1016 triple digit moves in its history, the first of which was in 1987. Guess which month has the most to the downside?
Sure September is the worst month on average for the markets, but last September was one for the history books. Here's a look at how things have changed going into the volatile month today compared to one year ago.
Though the tumultuous domino effect of September 2008 will be remembered as the tipping point of the financial crisis, its first major eruption was in the late summer of 2007 with the subprime mortgage meltdown. Much has changed since then. Here's how its reflected in key economic indicators.