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Tag: Dow


pacogaitero (CC BY-NC-SA 2.0)

Why the Lousy Jobs Report Boosted Wall Street

How can bad news on Main Street (only 113,000 jobs were created in January, on top of a meager 74,000 in December) cause good news on Wall Street?

Posted on Feb 10, 2014 READ MORE


Dow Hits Record

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Posted on Nov 19, 2013 READ MORE



Shutterstock graphic of stocks falling.

Wall Street Doesn’t Like What Fed Chairman Has to Say

The Federal Reserve will continue to buy bonds at a rate of $85 billion a month, but Chairman Ben Bernanke said better economic indicators mean the central bank could end its quantitative easing policy in 2014.

Posted on Jun 19, 2013 READ MORE



futureatlas.com (CC BY 2.0)

It’s Industry Over Environment in New ‘Bioeconomy Blueprint’

Critics say a new White House-sponsored program aimed at encouraging the development of “green solutions” to energy and manufacturing problems is a green light for corporate giants like Exxon Mobil, BP, Chevron, Monsanto and Dow to develop the “bioscience” industry without government oversight.

Posted on Apr 27, 2012 READ MORE



AP / Mark Lennihan

Dow Breaks 13,000 for First Time Since 2008

Analysts are heralding the Dow Jones’ jumps past 13,000 on two brief occasions Tuesday as a sign that all this talk of economic recovery may be more bull market than, well, bull. Here’s hoping they’re right. 

Posted on Feb 21, 2012 READ MORE



Flickr / Davide "Dodo" Oliva

U.S. and European Markets Drop as Volatility Rises

U.S. and European markets played follow the leader Friday, as the three main stock indexes in both regions tumbled nearly 3 percent together. Among other events, analysts pointed fingers at the euro, uncertainty over President Obama’s jobs speech and doubt over Greece’s ability to address its financial problems.

Posted on Sep 9, 2011 READ MORE



Flickr / ex_magician

Unaddressed Concerns Over a Pesticide

In 2006, more than 50 scientists and doctors—five nobel laureates among them—wrote an urgent letter to the EPA warning of the dangers of the pesticide methyl iodide. In 2007, the agency approved its use. (more)

Posted on Sep 5, 2011 READ MORE


‘Left, Right & Center’: Investor Anxiety, Syrian Instability, Perry Scrutinized

The stock market continued its best imitation of a roller coaster this week, reports of Syrian protesters’ deaths came in after assurances that military operations against the opposition had ceased, and American liberals cringed at the thought of another former Texas governor in the White House. (more)

Posted on Aug 19, 2011 READ MORE


The Other Shoe

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Posted on Aug 11, 2011 READ MORE



Flickr / b00nj

Investors Seek Treasury Port in a Storm

U.S. stocks sank almost 6 percent Monday, as investors disposed of risky assets and bought low-yielding but more secure Treasury bills and bonds, despite Standard & Poor’s recent downgrade of the U.S. government credit rating. (more)

Posted on Aug 8, 2011 READ MORE


Dow Tanks

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Posted on Aug 7, 2011 READ MORE



Flickr / Policy Network

Reich: The Recovery’s False Glow Is Fading

After six straight weeks of a falling Dow and a period of stalled economic growth, the stagnation of national recovery is glaringly visible to everyone—except our representatives in Washington, says Robert Reich.

Posted on Jun 13, 2011 READ MORE



finance.google.com

Dow Forgets We’re Recovering, Drops 1,000 Points

Fears that this might be a jobless recovery turned into fears that this might not be a recovery at all on Thursday as the Dow dropped about 1,000 points. It quickly rallied, leaving the loss at the world’s biggest casino at 347.80. (continued)

Posted on May 6, 2010 READ MORE



Wikimedia Commons / Scrumshus

Senate Standoff on Unemployment Inches Toward Resolution

Four Republicans, including Scott Brown of Massachusetts, broke ranks Monday to help Democrats move an extension of unemployment benefits forward. The Dow may be over 11,000 again, but real unemployment is hovering around 17 percent, close to an all-time high.

Posted on Apr 12, 2010 READ MORE



gawker.com

Wall Street Bonuses ‘Offensive’

The Obama administration, perhaps getting wise to public opinion, is lashing out at Wall Street firms. White House senior adviser David Axelrod called the huge bonuses executives received this year “offensive” in light of the fact that the rest of us are struggling through an economic crisis.

Posted on Oct 18, 2009 READ MORE



Flickr / I.Gouss

Dow Hits 10K, You Can Go Back to Work Now

Put down your pitchforks and pick up the champagne. Boom times are here. The Dow is over 10,000 for the first time in a year. What’s that? Real unemployment is at 17 percent, and they’re foreclosing your house? Stop being such a communist and party!

Posted on Oct 14, 2009 READ MORE


Wrong Road to Recovery

Once again we may be fooling ourselves into thinking that the buying and selling of paper assets is the same as the buying and selling of tangible goods made by real workers.

Posted on Apr 14, 2009 READ MORE



Flickr / epicharmus

Putting the ‘Toxic’ Back in Tarp

The Toxic Asset Relief Program was originally designed to save the banks from their bad bets by purchasing toxic assets, but has since evolved into something of a multipurpose slush fund. Now the Obama administration is getting back to the business of buying junk, elaborating on a plan that sent the Dow tumbling when it was first announced. Update

Posted on Mar 22, 2009 READ MORE



White House / Chuck Kennedy

Obama on the Defensive as Stock Rebound Continues

The Dow is up another 240 points, gaining 9.5 percent over the last three days, but the president doesn’t want you getting too excited about it—or too distraught when things inevitably swing the other way.

Posted on Mar 12, 2009 READ MORE


Rally

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Posted on Mar 11, 2009 READ MORE



Flickr / chakote

Good Economic News, for a Change

The Dow had a big day on Tuesday, leaping 379 points after Citibank reported two months of profits and Fed chief Ben Bernanke indicated the banks could have some wiggle room in the accounting of their junk assets. The day may have ended with high-fives on Wall Street, but there’s good reason to stay gloomy.

Posted on Mar 10, 2009 READ MORE



Wikimedia Commons / Paul Sparkes

Dow Slides Below 7000, No End in Sight

The Dow Jones industrial average fell to 6763.29 Monday. In less than a year and a half, the market has lost more than half of its value. More bad news from the financial sector has some analysts worried that rock bottom is still a long way away.

Posted on Mar 2, 2009 READ MORE


George Costanza
blogspot.com

U.S. Economic Shrinkage Worst in 25 Years

Either the U.S. economy was in the pool during the last three months of 2008 or the economic crisis is worse than expected. The nation’s GDP shrank 6.25 percent in the fourth quarter of last year, almost doubling the preceding quarter’s contraction rate of 3.8 percent.

Posted on Feb 27, 2009 READ MORE



collage: Flickr (epicharmus) / Google

Dow and Out on Wall Street

The Dow hasn’t been this low since “Titanic” won Best Picture, appropriately enough. Investors, apparently convinced the worst is yet to come, sent stocks tumbling to a 12-year low on Monday. The Dow sank to a depth of 7114.78.

Posted on Feb 23, 2009 READ MORE


The Peril and Promise of Interesting Times

If things get much more “interesting,” we might have a collective nervous breakdown. But along with the anxiety, there’s also a sense of rare opportunity—a chance to emerge better than we were economically, politically and socially.

Posted on Nov 26, 2008 READ MORE



finance.google.com

Dow-nward Spiral

In a little over two weeks, the Dow has tumbled more than 2,000 points as bad economic news continues to pile up. Word on Thursday that jobless claims hit a 16-year high, combined with a dreary outlook for Detroit and a lack of confidence in major financial institutions, helped drive the DJIA down to 7,552.29.

Posted on Nov 20, 2008 READ MORE


How to Stabilize the Stock Market

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Posted on Nov 13, 2008 READ MORE



tickertapedigest.com

What Goes Down ... Dow Up 10 Percent

The Dow shot up 889.35 points on Tuesday, a welcome respite from Wall Street’s month of plunges. Things could still get a lot worse: While some buyers snapped up what looked like bargain stocks, others said they expected a major drop before things get better.

Posted on Oct 28, 2008 READ MORE



commons.wikimedia.org

Brokers Gone Wild: Market Closes Up

The Dow gained 401.35 points Thursday but had volatile swings through most of the day. Investors, The Wall Street Journal reports, are still trying to figure out what stage of suck the economy is in.

Posted on Oct 16, 2008 READ MORE



commons.wikimedia.org

What Goes Up ... Dow Plummets 733

It seems like only a couple of days ago that the Dow jumped 936 points. The market went back to freaking everyone out on Wednesday, with a sobering drop of 733.08 points. Stimuli and bailouts aside, it appears that we’re in for a substantial recession.

Posted on Oct 15, 2008 READ MORE



news.bbc.co.uk

Dow Plummets as Debt Soars

After seven straight drops, the Dow landed at 8579.19 on Thursday, a year to the day after hitting a record of more than 14,000 points. The owners of the national debt clock in New York, meanwhile, announced they will add two digits to the board in order to display a quadrillion—because that’s where we’re headed.

Posted on Oct 9, 2008 READ MORE


Bernanke
AP photo / Manuel Balce Ceneta

And Now, Even More Bad Financial News

There will hopefully come a day when the news from Wall Street is actually good (at the moment, anything better than utterly terrifying news would be nice), but Tuesday was not that day, despite Federal Reserve Chairman Ben Bernanke’s intimations that help could soon be on the way.

Posted on Oct 7, 2008 READ MORE


Wall Street subway sign
Flickr / epicharmus

Amid Economic Whiplash, a Bit of Glad News

A sense of gloom still hangs over the economy, but there was cause for celebration Monday. Home sales are up for the first time in months, the dollar has regained some ground against the euro, and Wall Street had a triple-digit day. So why aren’t investors smiling?

Posted on Mar 24, 2008 READ MORE


NYSE
AP photo / Richard Drew

Dow Drops Over 300 Points

Winter 2008 is shaping up to be a gloomy season for the American economy, with mounting concerns over subprime mortgage prices and a plunging stock market.  Thursday was a particularly dreary day on Wall Street, with the Dow Jones industrial average down 307 points and the Standard & Poor’s 500 falling almost 3 percent.

Posted on Jan 17, 2008 READ MORE


trading floor
AP photo / Richard Drew

Shades of ‘29?

Thursday was not a good day on Wall Street, with the Dow dropping over 362 points to close at 13,567.87.  Meanwhile, the S&P 500, like the Dow, fell 2.6 percent, and the Nasdaq also took a hit, dipping 2.25 percent by day’s end.

Posted on Nov 1, 2007 READ MORE


Domino Theory

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Posted on Aug 14, 2007 READ MORE


Despondent man
news.yahoo.com

Worst Stock Market Slide Since 9/11

The stock market Tuesday had its worst day since 9/11 as investors around the world began to lose faith in the U.S. economy. The Dow fell by 4.3 percent, and S&P estimated total losses at $632 billion. The development came only a day after Alan Greenspan warned of a potential recession.

Posted on Feb 27, 2007 READ MORE


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