Financials Rally, Stocks Mixed, Unemployment Surges

David Goodboy

Stocks closed mixed today after fighting back from substantial losses earlier due to surging unemployment. The rally was led by financials sparked by positive news from Lehman Brothers and optimistic banter from hedge fund king, Barton Biggs. (more)

Bears Rampage, Jobless Rate Shocks, Refco Chief Jailed

David Goodboy

Stock market bears went on a rampage today due to a rising jobless rate and falling oil damaging the energy sector. (more)

Stocks Mixed, Paper Prices Rise, Lehman Takeover Rumors

David Goodboy

Stocks closed mixed today after the Fed Beige Book indicated slowing economic activity. Paper company stocks burned higher and Lehman Brothers is back in the spotlight with renewed takeover talk. (more)

Commodity Carnage, Stocks Drop, Transports Rally

David Goodboy

The energy markets breathed a collective sigh of relief, falling steeply after Hurricane Gustav failed to deliver expected damage to the oil rich Gulf Coast. (more)

Income Falls, Stocks Sink, GM Makes Hasty Retreat

David Goodboy

July income figures smacked down to the lowest point in 3 years combined with slowing consumer spending and rising oil prices sunk the stock market today. (more)

Stocks Skyrocket, Oil Dips, Lehman Cut

David Goodboy

A surprise increase in GDP on the back of increased exports combined with falling oil prices triggered stock to skyrocket across the board today. (more)

Durables Surprise, Fannie/Freddie Delay Rescue, Stocks Climb

David Goodboy

An overall positive day in the stock market resulted from a surprise increase in Durable Goods Orders and unexpected good news from the mortgage front. (more)

Fed Raising Rates, Stocks Mixed, Bank Profits Plunge

David Goodboy

Stocks closed mixed today despite bank profits plunging 86% and FOMC minutes confirming an imminent interest rate increase to stem inflation. (more)

Stocks Sunk, AIG Struggles, Credit Turmoil

David Goodboy

Stocks sunk across the board today on ultra low volume due to continued turmoil in the credit markets and rising oil. (more)

Lehman’s Hostile Bid, Stocks Jump, Oil Drops

David Goodboy

A Korean bank's potential hostile bid for the struggling Lehman Brothers combined with crude oil's steepest decent in nearly 4 years resulted in a wildly positive stock market. (more)

Crude Bubbles, Stocks Mixed, Commodities Explode

David Goodboy

Crude oil bubbled up today, rising for the third straight day. The CRB Commodity Index exploded up for the biggest weekly gain in over 30 years, rising 3.3% midday. (more)

Stocks Climb, Energy Leads, Fannie Fried Again

David Goodboy

tocks closed higher today lead by energy names despite an erratic session and a frying of Fannie Mae/Freddie Mac. (more)

Wholesale Prices Skyrocket, Lehman Plunges, Stocks Collapse

David Goodboy

Stocks continued their losing ways today as wholesale prices rose faster than economist's estimated and fears of a national bank disaster deepened. (more)

Stocks Fried, Mortgage Smacked, Gold Spikes

David Goodboy

Stocks fell hard today as gold prices spiked and extreme pessimism toward the mortgage business took hold. Fannie Mae was down huge on the day, losing 21.74%. (more)

Metals Massacred, Dollar Attacks Euro, See Sawing Stocks

David Goodboy

Gold dropped steeply again as the US Dollar continued its bullish march higher. Stocks Surged on positive consumer data and oil move further downward. (more)

Consumer Prices Surge, Markets Climb, Oil Dips

David Goodboy

Consumer prices surged at the highest rate in 17 years, inflation rockets, yet stocks show amazing resilience. (more)

Stocks Tumble, Merrill Issues Mortgage Warning, Oil Rallies

David Goodboy

Stocks tumbled for the second straight day as retail sales slump, Deere disappointed and Merrill Lynch issued dire mortgage warning. (more)

Credit Crisis Critical, Stocks Slump, Oil Defies Invasion

David Goodboy

Stocks were down on negative news out of the financial sector, including JP Morgan. Oil fell though, despite Georgia's pipelines being shut down amid continued fighting with Russia. (more)

Gold Gets Smacked, Stocks Climb, and Oil Dips Again

David Goodboy

Stocks climbed on the heels of oil's continued decline. Amazon.com climbed almost 10% after Citigroup analysts praised its Kindle sales. (more)

Markets Leap, Oil Dips, Dollar Gains

David Goodboy

The stock market posted huge gains today as crude oil fell once more, loosening its choke hold on the economy. Home Depot credited it's 7.6% gain directly falling gas prices. (more)