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October arrived last week with the markets showing fall jitters; nevertheless, market watchers and investors hope that this October won’t bring a repeat of the extreme swings that the markets experienced one year ago.
The CDC announced today that healthcare workers in Tennessee and Indiana would be amongst the first to get swine flu vaccinations. The outbreak of the H1N1 swine flu virus has sadly killed over 3,900 peope per a report by the World Health Organization (WHO) on September 25th. At the same time the race to battle the pandemic has propped up the shares of biotech companies that promise solutions.
All major U.S. Indexes declined 1.8% or more for the week, logging weekly losses for a 2-straight week. A pullback in Industrials, a worse than expected ISM Manufacturing September reading, and continued weakness in the U.S. jobs data also pushed the CBOE Volatility Index (.VIX) up by 11.8% for the week.
The latest overall job loss numbers showed a loss of 263,000 jobs in September and the unemployment rate rose to 9.8%, the fewest losses since August last year but highest unemployment rate since mid-1983. The August and July numbers were revised as well. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
The third quarter has past and for investors seeking dividends, they can be glad. Standard & Poor's said yesterday that third-quarter dividend increases this year were the worst on record. Dividend payments during the third quarter fell 44.8% from a year ago, with only 191 of about 7,000 public companies -tracked by S&P- increasing their payouts.
As David Faber reported, General Electric and Comcast are in talks to spin off GE's NBC Universal, parent of CNBC, into a new company that will be merged with the content assets of Comcast. What might this deal be worth? Start by looking at comparable valuations.
October is here and the kickoff to earnings season is just around the corner with Alcoa set to report next week. Here are the Top 20 stocks in the S&P 500 with the greatest expected year-on-year analyst growth forecasts.
Investors often may have negative perceptions of October and the markets. After all, the crashes of 1929 and 1987 both occurred in October. In more recent years, the Dow also saw significant 1-day declines of over 7% in the midst of the 1997 Asian financial crisis (10/27/97) and the global meltdown last year (10/14/08).
Despite a pull back in the U.S. equity markets last week, the S&P and Nasdaq Composite are having their best September since 1998 so far, while the Dow is on track for its biggest % gain in September since 2007. Even though September ranks as the worst month historically on average for all three indices, the Nasdaq Composite has traded up 12 sessions out of 19 as of Monday's close while the Dow and S&P have finished up 11 days of 19.
One year ago today, the Dow closed down 777.68 points for its worst 1-day point drop ever.
The Dow Jones Industrial Average is chasing its next big benchmark—10,000—a signal to many investors that market has nearly recovered from last year's meltdown.
U.S. stocks broke two weeks of consecutive gains to finish in the red Friday. Despite of the pullback this week, all major indices remain on track to finish the quarter up 13% or greater.
As we approach another quarter and month end, with just four days to go, the Dow is on track for its best third quarter since 1939, the S&P is on course for its biggest Q3 gains since 1970, and the Nasdaq Composite is having its best Q3 since 1997, based on September 24 closing levels. Will the markets continue to hold on to gains or sell off by the end of the year?
Stocks ended lower Wednesday as the rally after the Federal Reserve's statement faded and investors began to worry that the central bank is inching closer to withdrawing stimulus measures that have propped up the economy. The Dow had briefly popped above 9,900.
The Dow crossed above 9,900 today before pulling back and is well within reaching the 10,000 psychological milestone. Here are some key stats on the Dow's rise, fall and recovery.
Stocks advanced after the Federal Reserve delivered one of its most optimistic statements in the past few years. The Dow more than doubled its gains after the announcement, sending the blue-chip index through 9,900 for the first time since last fall.
Stocks bounced around at the open Wednesday as the dollar slipped and investors remained a little jittery ahead of the Fed statement.
The new day opens with the Dow, the S&P 500, and the Nasdaq coming off fresh 2009 closing highs, with investors now squarely focused on 2:15 pm ET this afternoon. That's when the Fed's Open Market Committee issues its latest statement on interest rates and the economy.
U.S. stocks rose to fresh 2009 highs this week, as investors continue to bet that an economy recovery might be in place. The Dow Index is once again near the 10,000-mark.
Technical analysis shows stocks breaking out but the fundamentals are still giving investors pause.