Stocks Crash At The End
Stocks Crash At The End
Scary reports on consumption led to sharp late-day selling on U.S. equity markets Friday. Aside from the Census Bureau’s report on October retail sales, which showed sales slowed for a fourth consecutive month and by the most on record, corporations announced lay-offs and slashed profit estimates based on weaker global consumption.
Cell […]
Stocks Lower On Weak Data/Dollar Gains
Stocks Lower On Weak Data/Dollar Gains
U.S. stocks were moving lower recently after reports on unemployment claims and the September trade balance indicated the economy is weakening further. New claims for unemployment benefits rose above 500k for the first time in seven years last week while September’s report on trade showed that both imports and exports […]
Stocks Struggle As Losses Mount/Dollar Pares Losses
Stocks Struggle As Losses Mount/Dollar Pares Losses
Asian and European shares were up nearly 4% in overnight trading and S&P futures were almost 2.5% ahead, but U.S. stocks have not been able to maintain the momentum of their positive start and recently turned negative on the day.
AIG reported a third-quarter net loss of $24.47 billion, or […]