Stock Market at 19-Month High
Even in the face of an extended recession, devastating double-digit unemployment and a barrage of political charges that President Barack Obama's health care reform will decimate the economy, the U.S. stock market finished the week at a 19-month high.
Even in the face of an extended recession, devastating double-digit unemployment and a barrage of political charges that President Barack Obama’s health care reform will decimate the economy, the U.S. stock market finished the week at a 19-month high. –JCL
Rooted in Truth.Reuters:
U.S. stocks rose to a 19-month high on Friday as Merck eased concerns about the impact of healthcare reform, saying its costs will be relatively low.
For the week, the S&P 500 was up 2.1 percent, the Dow gained 1.7 percent and the Nasdaq rose 2 percent. It was the eighth straight week of gains for the Dow and Nasdaq, while the S&P has gained in seven of the past eight weeks.
Independent by Design.
Your support helps ensure that rigorous reporting, thoughtful analysis, and investigative journalism remain accessible to everyone.
Support independent journalism.
Africa
The philanthropist promised a biotech-fueled productivity boom for farmers, but the data shows sluggish yields and rising hunger. Where is the accountability?
Economic Justice
And how we can restructure the economy so it doesn’t create them.
World
At Davos, did the Canadian prime minister evoke a new progressive internationalism — or a new conservative realpolitik?
TD Column
While the roadblocks it bankrolled in the primary and general elections failed, the billionaire class' opposition has just begun.
Business & Economy
His version of public ownership has nothing to do with socialism or helping the working class, but is about extending his personal arbitrary control.
Dig Scape
A sonic exploration of authoritarian indifference toward the lives of immigrants and their families.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.