2 December 2020
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Inside Markets

US stocks fell to new 12-year lows on Thursday as investors were shaken by more doubts about the survival of General Motors and Citigroup with shares falling below $1.  The Dow Jones fell 281 points, or 4.1%, to close at 6,594.44. The Nasdaq fell 54 points, or 4% to close at 1,299.59. The S&P 500 index lost 30 points, or 4.3%, […]

Inside Markets

Waiting for a Wall Street rally makes me understand what our poor farmers go through when they are sweating on the breaking of a drought. Over the weekend, the US stock markets limped into positive territory, but it was really a flat result — nothing convincing. I think this is an important week for optimists. […]

Inside Markets

Despite three big merger deals and financial stocks actually going up, Wall Street couldn’t get hot! Possibly the only big market turner story this week comes on March 12 in the USA or Friday our time when a decision could be made to ditch mark-to-market rules. The Dow Jones lost 80 points or 1.2% to […]

Inside Markets

At last I can report a rally and it coincides with the Obama administration coming up with a believable idea to fix the US banking problems. The good news was kicked off with the much-maligned Citigroup telling the market that it’s profitable for the first two months of 2009. Then it was revealed that the […]

Inside Markets

Beggars can’t be choosers and so a small gain on the Dow Jones is better than a big sell off. The best news of the day was the boss of JPMorgan, Jamie Dimon coming out and saying the bank has been profitable for the first two months of 2009. This follows Citigroup saying the same […]

Inside Markets

Beggars can’t be choosers and so a small gain on the Dow Jones is better than a big sell off. The best news of the day was the boss of JPMorgan, Jamie Dimon coming out and saying the bank has been profitable for the first two months of 2009. This follows Citigroup saying the same […]

Inside Markets

Another positive finish on Wall Street with the S&P 500 up around 10% for the week. This was badly needed and it followed better communication to the market from the White House and news that the likes of Citigroup are trading profitably. The feeling is that this rally will continue with only a surprise bad […]

Inside Markets

The latest rally on Wall Street hit a small roadblock with a rise in American Express credit card delinquencies and concerns over AIG paying bonuses creating a few concerns. The Dow Jones lost 7 points to 7,216. The Nasdaq lost 27 points or 2% to 1,404. The S&P 500 slipped 2 points to 753. Industrial […]

Inside Markets

Stocks went higher following Ben Bernanke surprising many by offering to buy back long-term US bonds which adds liquidity to the system and reduce interest rates. The Fed will also buy mortgage-backed assets from the banks, which will also bring rates down and give banks money to lend. The Dow Jones added 91 points, or […]

Inside Markets

Wall St put in a down day with banks copping the impact of profit takers after the S&P 500 had gained 17% in seven days. The big question is: can the market pause and resume the march up or will old lows be tested in coming weeks? Interestingly, the recent run of economic data has […]

Inside Markets

This will be a testing week for this rally, which has seen the market indices put on back-to-back weekly rises. This is significant as it’s the first time this has happened since May 2008! That said, Wall Street did put in a negative day before the weekend. The Dow Jones lost 122 points or 1.65% […]

Inside Markets

The Geithner plan to deal with the bank’s toxic assets won the market over and share prices headed in the right direction. And while the plan will get debated over the next few days, the general thrust excited the market because it gave more certainty. The Dow was up 497.48 points of 6.84% to 7775.86. […]

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