The three major US stock indexes tumbled today, as Walgreen Co (NYSE: WAG) reported disappointing results an Toyota Motor Corp (NYSE: TM) forecast a loss for 2008. This news did little to alleviate concerns about corporate earnings in the wake of rising unemployment and slackening consumer spending. Read More
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US automakers gained a temporary reprieve after the White House unveiled a plan to lend some $17 billion to the industry, but the three major stock indexes ultimately finished the day with mixed results. Read More
US stocks slid for the second consecutive day in yet another whiplash-inducing trading session. Share prices in the energy sector led the descent, taking a hit after oil prices continued their freefall. Read More
US stocks slumped the day after the Federal Open Market Committee took the unprecedented step of slashing the target funds rate to near zero, as investors questioned how effective the measure would be in revivifying the broader economy. Read More
The three major US stock indexes soared as the target federal funds rate hit the floor--that’s somewhere between zero and 0.25 percent. And the Federal Open Market Committee indicated that rates were likely to remain at historic lows for some time. Meanwhile, the Federal Reserve will continue to use its balance sheet to provide liquidity to key markets. Read More
This, in a nutshell, is how most analysts looking for the S&P 500 to revisit that 400-to-500 level derive their predictions. The obvious question is twofold: How likely is a slide of that nature to unfold, and how does this jibe with my prediction in this journal that we’re currently seeing an outstanding buying opportunity? Read More
The three major US stock indexes slumped today after domestic industrial production fell more than expected. Read More
The three major US stock rallied after the Treasury Dept indicated that it would step into the breach to prevent the auto industry from failing. Read More
The three major US stock indexes slumped into the red, as yesterday’s upward momentum was overcome by another jump in initial jobless claims and weaker-than-expected exports. Read More
There are myriad opportunities amid the rubble of the current bear market. For the most potential, focus on three sectors: health care, energy and consumer staples. Read More