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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.
At yesterday's Power Lunch town hall, there was some good debate on whether buy and hold pays off in the long run. Here is some of the analysis that fueled the discussion...
David P. Kelly details some of the pitfalls to avoid in today's difficult marketplace.
As the markets listened in on Treasury Secretary Geithner's plan to restore financial stability, one thing became increasingly clear. This time around, the Treasury was committed to "increase transparency and accountability to protect taxpayers." If their website is an indication, so far "transparency" is far from here.
On a whim and based on Darren Rovell's interview with Sports Illustrated Covergirl bar Rafaeli, I did a quick scan on how the Dow and S&P performed in years that the SI Swimsuit Issue cover featured a blonde versus a brunette. You won't believe what I found...
McDonald’s is trading up after reporting another month of strong same-store sales, a trend that continues despite the current recession and economic turmoil. Its low-priced menu items have evidently remained attractive to consumers. . .
The market rallied with most major indexes up 5% or greater for the week with the NASDAQ gaining almost 8%. The markets shrugged off grim jobs data and were buoyed by the bank bailout plan expected on Monday.