U.S. Stocks Rise on Fed and Rate Plan
Nov 30, 6:13 PM EST |
|
| U.S. stocks edged higher after the Fed chairman comments and the U.S. plan to limit the interest rate next year on variable mortgages. |
|
| U.S. stocks edged higher after trading up and down during the session. Dow added 0.45%, S&P increases 0.8%, but Nasdaq declined 0.3%. U.S. and several banks are in negotiations to hold firm interest rates on variable rate mortgages next year. U.S. markets jumped after the commnets from the Fed chairman reassured investors that another interest rate cut may happen after the next meeting. |
|
|
Full Story... |
U.S. Stocks Rally, Motorola Replaces CEO
Nov 30, 11:01 AM EST |
|
| U.S. stocks rallied after with a rise in financials, resource, and energy stocks. Motorola chief executive will be step down in January. |
|
| U.S. stocks scaled higher after the Fed chairman comments and reports on construction spending and personal income and spending. Motorola chief executive Ed Zander will leave the company and will be replaced by chief operating office Greg Brown. Morgan Stanley also removed Co-president Zoe Cruz after losses in mortgage and other loan securities of nearly $4 billion. |
|
|
Full Story... |
Tokyo and Asia Edge Higher
Nov 30, 5:40 AM EST |
|
| Stocks in Japan edged higher on rising optimism on the U.S. interest rate cut. Consumer price index edged higher in November. |
|
| Stocks in Tokyo edged higher on the overnight strength in the U.S. market. Core consumer prices in November rose 0.3% from a year ago and from October on rising food and energy cost. Unemployment rate hovered around 4% in October as construction industry employment dropped sharply. Japan housing starts in otober dropped 35% from a year ago on revised building code. |
|
|
Full Story... |
U.S. Stocks Edge Higher, Sears Plunge 11%
Nov 29, 5:31 PM EST |
|
| U.S. stocks rested after 2-day rally that lifted averages more than 4%. Stocks today edged higher after a volatile trading on low volume. |
|
| U.S. stocks eked out a gain after a day of volatile trading. Market averages in the 2-day rally added 4% but rested today. Altrial led the gainers in Dow Jones Index with a rise of 2.6% followed by increases in AT&T and General Motors. Countrywide led the gainers in the S&P 500 index with a rise of 6.8% followed by increases in MGIC og 6%. Sears fell 11% in the index. |
|
|
Full Story... |
U.S. Stocks Rest After 2-day Rally
Nov 29, 11:13 AM EST |
|
| U.S. stocks traded lower after a 2-day rall that lifted most averages above 4%. Financials declined in the morning trading. |
|
| U.S. stocks fell in the morning trading after a 2-day rally. The Department of Commerce revised third quarter GDP growth to 4.9% from 3.9%, fastest gain in four years. Oil jumped after one of the pipelines from Canada to the Midwest caught fire. Asian markets closed higher tracking the overnight rise in the U.S. stocks. European markets traded higher. |
|
|
Full Story... |
Citadel Invests $2.55 B in E*Trade
Nov 29, 5:35 AM EST |
|
| The battered bank and online broker accepted investment from Citadel at a steep interest rate of 12.5%. |
|
| E*Trade Financial Corp, widely known for its discount online trading service agreed to sell its portfolio of mortgage loans and securities to Citiadel Investment for $800 million. The bank and online broker will also sell 10-year notes of $1.75 billion to investment group yielding junk interest rate of 12.5%. The deal also removes the current chief executive in the company and grants a board seat to Citadel. |
|
|
Full Story... |
Asian Stocks Rally on U.S. Rate Cut Hopes
Nov 29, 4:02 AM EST |
|
| Stocks in Asia rallied on the U.S. rate cut hopes. Hong Kong led the region with a rise of %. Tokyo jumped 2.4%. |
|
| Stocks in Japan rallied after comments from the U.S. Fed official reinforced a rate cut expectations at the next meeting on December 11. Rally in financial and export driven stocks lifted Nikkei 225 index higher by 2.4% to 15,513.74. Asian stocks rallied across the region led by a sharp rise in Hong Kong of 4.2% followed by increases of more than 2% in Singapore, Thailand, and in Taiwan. |
|
|
Full Story... |
Second Day Rally in U.S. Stocks
Nov 28, 4:06 PM EST |
|
| U.S. stocks surged for the second day after the Fed Vice Chairman comments. European markets closed higher. Brazil and Mexico surged as well. |
|
| U.S. stocks rallied for the second day after Fed Vice Chairman comments reinforced the rate cut expectations. Finacials led the advance followed by a surge in consumer related and housing market driven stocks. Dow, S&P 500, and Nasdaq surged between 2% and 3%. Dollar rose aginst yen. Oil fell after a weekly inventory report. Gold fell for the second day in a row. Of the stocks in S&P 500 index nearly 90% advanced and 50% jumped more than 3%. Freddie Mac and CB Richard Ellis led the gainers. |
|
|
Full Story... |
U.S. Markets Surge 3%
Nov 28, 1:58 PM EST |
|
| U.S. market average surged 3% on the comments from the Fed Vice Chairman, weekly oil inventories report, October existing home sales report. |
|
| U.S. stocks rallied sharply in after the comments from the Fed Vice Chairman were interpreted as a possible rate cut in the next Fed meeting. Dow Jones, S&P 500, and Nasdaq jumped 1.5% by mid-morning trading. Finacial stocks led the rally. European markets closed higher by 3% across the region. |
|
|
Full Story... |
Japan Stocks Suffer from the U.S. Links
Nov 28, 4:02 AM EST |
|
| Asian markets spent another day with volatile trading on the worries related to the U.S. housing market. Oil fell but traded near the peak level. |
|
| Japanese financial markets have not been able to shake off the volatility emanating from the U.S. markets. The continuted worries related to the U.S. sub-prime losses and ongoing correction in the U.S. housing market have global markets on the edge. Third quarter U.S. home prices fell 4.5% sparking a new round of worries related to the health of the U.S. banks. Nikkei 225 index closed 0.5% lower to 15,153.78 in volatile trading. |
|
|
Full Story... |
|
|
1
