While the DJIA dropped modestly yesterday, the Nasdaq Composite was strong and the A/D was 3/2 positive on issues and volume. Oil helped by dropping a $1.00 a barrel but the dollar was also soft.
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Many on Wall Street, the epicenter of the credit mess, seem to think that the worst is over. For the first time in months, analysts and executives sound upbeat again. Many of them see a broad, sustained recovery in both the economy and the financial markets coming in the second half of this year, a prediction some market strategists call hopeful at best.
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In an old-fashioned pyramid scheme, the alluring premise is that you'll get back far more than you invest, a exponential return. The reason it is a "scheme" rather than a sustainable business model is that it is impossible for everyone who joins the pyramid to achieve the same returns.
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Intel's weak outlook is punishing not only the tech stocks, but also the entire US markets. While the stocks are poised to open weak, they have come out of their worst levels.
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Financial markets are once more abuzz with talk that US interest rates might be lowered again as Wall Street rebounded after a disappointing spell.
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It has been an indecisive session on Wall Street with a late plunge in the market sending stock prices sharply lower. A rebound in crude oil prices has sent big energy issues like Exxon Mobil higher, but it has hurt large manufacturers, including Caterpillar.
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NYU’s Stern School of Business and Courant Institute of Mathematical Sciences to Offer New Joint MBA/MS in Mathematics in Finance Degree
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Wall Street wobbled to a modestly higher finish overnight as a report showing robust US job growth failed to fully ease concerns about the problems facing the housing and finance sectors.
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The stock markets are trading strong on emergence of buying by funds in heavy-weight stocks, after the US Federal Reserve cut the rate of lending to banks last Friday
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The U.S. Supreme Court gave investment banks a shield from antitrust claims, which could save Wall Street firms a bundle by limiting investors to smaller sums of recoveries.
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