March 16, 2009 |
As the Dow embarked on a long slide after Inauguration Day -- a nearly 2,000-point slide, to be precise -- the drumbeat seemed to grow louder. "There's no confidence in Obama's plan," said Fox's Sean Hannity. "The markets respond to data. They have no confidence. " "The stock market is also demonstrating a lack of confidence in the president's big government agenda," said CNN's Lou Dobbs. And it's not just those on the right. CNBC's Jim Cramer -- an unabashed Democrat -- complained that President Obama's "radical agenda" was causing the...
August 11, 2011 |
Just as many of us were feeling the worst was over, the Dow Jones industrial average plunged again and again in the past week. "Until the market sees credible evidence of improved economic conditions, patient, long-term investors will continue to stay on the sidelines and stocks will continue to be subject to the vicissitudes of short-term trading gyrations," Kevin Caron , market strategist for the private client group at Stifel Nicolaus in...
August 12, 2011 |
When the stock market zigs and zags its way to a 12 percent loss in three weeks, wiping out $2.5 trillion in wealth, it is clearly sending a message. But what, exactly, is the market telling us? The most obvious answer is that it is simply agreeing with Standard & Poor's, which in its Aug. 5 decision to downgrade U.S. government debt from a AAA rating to AA+ decried Washington's "political brinksmanship" and said that the recent debt deal "falls short" of what is needed to bring U.S. finances under control.
October 19, 2012 |
Maybe earnings season isn't going so well after all. That was the apparent conclusion of investors Friday, as a sell-off drove the stock market to its steepest one-day decline since June. It came after a series of mediocre earnings reports from corporate titans including Microsoft and General Electric. The Standard & Poor's 500-stock index ended the day down 1.7 percent, as the Dow Jones industrial average fell 205 points, or 1.5 percent, on the 25th anniversary of the stock market collapse known as "Black...
October 4, 2009 |
PHNOM PENH (Reuters) - Construction cranes and unfinished high-rise buildings surround the silty marshland where a year from now Cambodia hopes to turn the page on decades of upheaval by opening a stock exchange. The idea of a Cambodian stockmarket has been floated since the 1990s but has struggled for traction in a country known for a culture of political impunity, chronic poverty and a history of violence, including the Khmer Rouge "Killing Fields. " But authorities argue those days are over and plan to...
June 21, 2013 |
Traders decided that the stock market has suffered enough, at least for now. After a two-day plunge, stocks ended the week with an advance on Friday, suggesting that Wall Street may be weaned from the Federal Reserve's easy money after all. "Saner heads are prevailing," said Jim Dunigan, chief investment officer at PNC Wealth Management. "People are looking a little deeper into the message from the Fed — the economy is getting better," he said. "At the end of the day, that's a positive.