Crowdfunding campaigns for Nepal's survivors have proliferated in the days since disaster struck the nation.» Read More
The Dow Industrials, Dow Transports, and Dow Utilities are all hitting multi-year lows now. While the Dow Industrials and Dow Transports have been closing at new lows for days, the Dow Utilities closed below its October low for the first time on Friday.
While January was a poor month for the markets overall, February turned out to be worse. Both the Dow Industrials & S&P 500 once again had their worst month since last October – a feat which they both achieved in January as well. Will March be any better?
On a week that saw the US economy contract more than expected, the government boost its equity stake in Citigroup, GE cut its dividend, and President Obama present his budget, the markets fell through May 1997 lows, ending the week down 4% or greater.
Fourth Quarter GDP, was revised down to -6.2%, the worst quarter since Q2 1980 when economic "growth" was -7.8%. The revision is a significant move from the -3.8% that was originally reported. Here is a breakdown of where the economy is shrinking most.
The light at the end of the tunnel might be around the corner as the downturn is nearing the usual length of the average bear market, but the UK markets could still go lower, analysts told CNBC Thursday.
This morning's weekly employment numbers showed initial jobless claims hitting 667 thousand new claims.
The Dow Jones Industrial Average is nowhere near the bottom, despite recent measures by authorities to boost the beleaguered banking sector, Edward Loef from Theodoor Gilissen Bankiers told CNBC.
Finishing the day at 7,114.78 yesterday, the Dow closed at its lowest level since May 7, 1997. 7 of the 30 current Dow components were not in the index when the Dow last saw these levels.
The Dow is now down nearly 50% from its peak in October 2007. So will Mardi Gras help break the losing streak and be a Fat Tuesday for the Markets? Unfortunately in this case, the glass is half empty and history is not on our side. Here are the historical averages for the major indices.
As the Dow now contains five stocks under $10 (GM, C, BAC, AA, & GE), the Dow Industrials index has come under greater scrutiny on whether it is still a good gauge of the overall market.
Regarded as a safe investment, gold often shines during turbulent times when increased demand typically drives up prices. For the first time since last March, gold settled above $1,000 an ounce on Friday. Since its low back in November, when gold was just over $700 an ounce, the bullion has risen 42%. During the same period the S&P 500 has plunged 15%.
On a week dominated by bailouts, stimulus and talks of bank nationalization, the Dow crashes through October 2002 lows and approached October 1997 lows in early trading Friday.
With the markets testing new lows, here are the [surviving] S&P 500 companies that have fallen / gained the most since the market peaked on October 9, 2007.
The S&P 500 is in serious trouble and could sink more than 20 percent to 600 points, Nick Batsford, technical analyst from Hobart Capital, told CNBC.
The Dow Jones Industrial Average and The Dow Jones Transportation Average hit news lows today. According to Dow Theory this could be a time to sell.
Plus, Cramer speculates on whom the new Dow Jones Industrial constituent could be.
The S&P Financials Sector is now down over 35% YTD and ~70% in the past 12 months. Given this continued drop, here is a look at how the short interest in these beaten companies has changed over time.
The Dow Jones Industrial Average is facing another plummet as it hovers precariously close to November’s closing lows and the next few sessions will seal its fate along with other indexes, Edward Loef, technical analyst from Theodoor Gilissen Bankiers, told CNBC.
On a week dominated by the $787B stimulus plan passed by the House, with the Senate scheduled to start the vote at 5:30pET Friday, the markets came close to retesting their November lows to end the week down 3.5% or greater.
For the week ending Friday, February 6, 2009, stocks edged up on a surprising rise in December pending home sales, a smaller than expected contraction in January’s ISM Non-Manufacturing Index, and strong earning results from the pharmaceutical sector.