20 January 2021
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Switzer Daily

Catch up on all the content put together by the Switzer Daily team, including our daily news update 5 things you need to know today.

22 June 2009
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 […]

22 June 2009
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 […]

22 June 2009
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 […]

22 June 2009
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 […]

22 June 2009
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 […]

22 June 2009
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 […]

22 June 2009
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 […]

22 June 2009
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% […]

22 June 2009
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. […]

22 June 2009
Inside Markets

US stocks finished the day lower on Tuesday as investors took profits from Monday's massive rally. The Dow Jones dropped 115.65 points or 1.5% to close at 7,660.21. The Nasdaq lost a big 2.5% to finish at 1518.2. The S&P 500 shed 16.9 points or 2% to 806. The big sell-off was led by bank […]

22 June 2009
Inside Markets

Stocks in the US finished higher on Wednesday after a late surge in trading took all three indexes into positive territory. The Dow Jones Industrial Average rose 90 points or 1.2%, to 7,749.81. The Nasdaq gained 45.85 points or 0.8%, to 45.85. The S&P 500 added 7.63 points to 813.88. The S&P 500 has gained […]

22 June 2009
Inside Markets

Wall Street put on another solid day to give the bulls a lot of heart and put the frighteners on the bears and short sellers. A better than expected market reaction to a seven-year Treasury bond issue and some better than expected corporate earnings kept it all positive. The Dow Jones was up 174 points […]

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