Post @ August 19, 2008 # No Comment Yet
NEW YORK, Aug. 19 — Wall Street fell sharply for a second consecutive session Tuesday after a hefty jump in wholesale inflation and a drop in new-home construction gave investors more reason to think an economic recovery is far off.
Post @ August 16, 2008 # No Comment Yet
Stocks rose for the third straight week after oil’s continued retreat and better-than-expected results from J.C. Penney and Kohl’s lifted consumer shares.
Post @ August 15, 2008 # No Comment Yet
NEW YORK, Aug. 15 — Wall Street was mixed Friday after playing out a now-familiar scenario: Upbeat sentiment about falling oil prices flagged as concerns continued over weak credit markets and the economy.
Post @ August 14, 2008 # No Comment Yet
NEW YORK, Aug. 14 — Stocks rebounded Thursday, rising sharply as oil prices fell and investors took advantage of bargains in financial stocks after two days of sharp declines.
Post @ August 13, 2008 # No Comment Yet
NEW YORK, Aug. 13 — Wall Street ended an erratic session Wednesday with a lopsided loss as the blue chips fell on investors’ concerns about financial companies and as high-tech stocks fared better on news from the semiconductor sector. The Dow Jones industrial average fell more than 100 points, but the other major indicators finished with single-digit losses.
Post @ August 12, 2008 # No Comment Yet
NEW YORK, Aug. 12 — Wall Street skidded lower Tuesday as downbeat news from J.P. Morgan Chase and other financial companies raised the market’s anxiety about the continuing effect of the credit crisis on the economy.
Post @ August 11, 2008 # No Comment Yet
NEW YORK, Aug. 11 — Wall Street advanced Monday but gave back some of its gains after crude oil prices pulled off their recent lows and the Federal Reserve said more banks are tightening lending standards.
Post @ August 9, 2008 # No Comment Yet
Stocks rose last week as retailers, automakers and restaurants gained on speculation that earnings will improve as oil retreats.
Post @ August 8, 2008 # No Comment Yet
NEW YORK, Aug. 8 — Wall Street rebounded smartly Friday, shooting higher as a surge in the dollar and another plunge in oil prices eased some of investors’ worries about losses at mortgage finance company Fannie Mae. All the major indicators had their best weekly gains since April.
Post @ August 7, 2008 # No Comment Yet
NEW YORK, Aug. 7 — Wall Street tumbled Thursday as further trouble in the financial sector, higher unemployment and lackluster retail sales touched off fresh concerns about the economy.