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Tuesday: President Obama signed the $787 billion economic stimulus bill into law, as governments around the world consider their own actions. But global markets plunged on fears of a deepening recession; Chrysler asked the U.S. for $2 billion more in loans and General Motors is widely expected to follow suit. Investors are fleeing to bonds and gold-backed securities. CNBC heard from experts who warned that the March "bear market bull" won't happen — but that we are, indeed, in a "bottoming process."
The Dow slid within striking distance of its bear-market low on Tuesday, despite the fact that President Obama signed the economic stimulus into law. What went wrong?
Stocks tumbled to November levels Tuesday as investors faced a fresh sign of the deepening recession and dilution worries gnawed at bank stocks. Wal-Mart was the lone gainer on the Dow after the retail giant beat earnings expectations.
We have seen these days often in the past month. Stocks start lower on heavy volume (it looked like we might do 2 billion shares at the NYSE at the open), but very quickly the selling pressure eased, and an old-fashioned buyers strike ensued.
As we are getting close to the November 2008 lows, here are some key dates for for each of the major indices, both on a closing and intraday basis.
The threat of a government-backed bankruptcy is necessary to drive a "breakthrough," structural change for the auto industry, said Mike Jackson, AutoNation chairman & CEO.
Another round of layoffs was announced on Tuesday, adding to the gloom over rising unemployment.
Futures are down in the U.S., European banks are weak in Europe, bonds are up, and gold and other precious metals are rallying; gold at $966 this morning is continuing its slow march to $1,000 an ounce. It briefly climbed over $1,000 in March of 2008
Remember in college when you had to turn in that mid-term exam? Today, GM and Chrysler face their own mid-terms of sorts, but with a big difference.
Futures tumbled Tuesday as a sharp drop in New York manufacturing activity exacerbated worries about the deepening recession.
It may seem like the country that used to make everything is on the brink of making nothing.
Hey, China got it right. Why couldn't we?
In this Web Extra, the traders talk market moving events in the week ahead including -- GM and Chrysler's viability plans, Obama's strategy for reducing foreclosures, Wal-Mart earnings and more!
Stocks fell sharply in the final minutes of trading as investors continued to pound bank stocks. All three major indexes were trapped in a yo-yo pattern today, pulled by gains in techs and losses in banks.
Stocks opened slightly lower Friday, led by banks after British bank Lloyds posted a bigger-than-expected losses.
When Toyota and Nissan both forecast full year losses within the last week, you knew it was only a matter of time before both companies took steps to limit their mounting losses.
Following are the day’s biggest winners and losers. Find out why shares of Continental Airlines and Viacom popped while Harley-Davidson and Capital One dropped.
Stocks staged a comeback in the final hour of trading Thursday following news that the Obama administration is mulling a new plan to subsidize mortgage payments for homeowners in jeopardy. In other words, the market finally got what Treasury Secretary Geithner failed to deliver: Details.
Another round of layoffs was announced on Thursday, adding to the gloom over rising unemployment.
The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.