Stocks Post A Nice Gain Wednesday
Stocks Post A Nice Gain Wednesday
Despite weak data on employment and a report on oil inventories which showed demand is weakening even as prices fall, stocks posted a healthy gain for a second day.
Interest rates on U.S. 30-year fixed-rate mortgages dropped for a ninth straight week to the lowest level since Freddie Mac began keeping […]
Stocks Rise On GMAC/Dollar Mostly Lower
Stocks Rise On GMAC/Dollar Mostly Lower
The U.S. Treasury announced late Monday it will commit $6 billion to support GMAC’s effort to become a bank holding company in an effort designed to increase the availability of financing for G.M.’s dealers and retail customers. The Fed has already approved the firm’s application.
The auto lender didn’t write a […]
Stocks Rally Into The New Year
Stocks Rally Into The New Year
U.S. Dollar Trading (USD) stock markets rallied but economic data kept the USD weak. Stocks reacted positively to news that GM would receive $6bn for its car financing arm from the TARP. December Consumer Confidence fell to 38 vs. 45 expected a new all time low. Case Shiller fell […]