For the week ending Friday, March 07, 2008 the US Markets all ended the week down close to 3% or greater. The Dow closed below 12,000, the NASDAQ breached its 52-week low, and the S&P 500 closed below 1300 for the first time since September 11, 2006. In contrast commodities continue to hit new record highs, and the US dollar fell to record lows on a weak economy. Bernanke hinted at further rate cuts, the ECB held rates steady, and jobs unexpectedly fell, heightening fears that the US economy has hit a recession. Many economists are no longer questioning a recession, but how long it will last.Next week, the markets will watch for Retail Sales on Thursday and earnings from some of the smaller retailers, while inflation watchers await the CPI report on Friday, seen rising again in February. If consumer prices rise beyond comfort levels, the spectre of stagflation, price inflation amidst weak economic growth, will again rear its head.
The maker of the iPod and iPhone. The Oracle of Omaha. The parent of CNBC.com. Investors know them very well, and, according to Fortune Magazine, the experts have proclaimed them the Most Admired Companies in America.
Thursday may feel like a replay of Wednesday in the markets, when Fed Chairman Ben Bernanke starts to speak to Congress, shortly after the market open.
A new hour-long show called "Quarterlife," debuting tonight on NBC, will be the first-ever show produced and shot for the Internet to air on network TV.
Wall Street shook off some more daunting economic news and barreled ahead on the strength of a share buyback from IBM and more strength from home builders benefiting from an increasing belief that the housing market has hit bottom.
Why Cramer isn't worried about the new pricing plan – or a price war.
Wall Street shook off some more daunting economic news and barreled ahead on the strength of a share buyback from IBM and more strength from home builders benefiting from an increasing belief that the housing market has hit bottom.
Needless to say, my posts on Google and Apple are generating a flood of response from many of you feeling the frustration of these steep declines, so in the vein of "misery loves company," here's a taste of some of your missives. Rest assured, if you're confused, you're not alone -- so are the experts.
A sluggish stock market suffered only limited losses despite results from critical economic reports that showed surging producer prices and declining consumer confidence.
A sluggish stock market suffered only limited losses despite results from critical economic reports that showed surging producer prices and declining consumer confidence.