Posts Tagged “Dow Jones Industrial”

News Sources wrote an interesting post today on
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Weak global economic conditions and a downgrade of Well Fargo by prominent banking analyst Richard Bove spooked investors even as Morgan Stanley and Yahoo reported better-than-expected earnings. The Dow Jones industrial average slipped below the 10,000 level yesterday as markets pulled back in the final hour of trading. Bove of Rochdale Securities said earnings at Well Fargo (NYSE:WFC) were helped by mortgage-servicing fees rather than improving business trends, and trimmed his rating on the

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News Sources wrote an interesting post today on
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UPDATE: Wells Fargo released their earnings yesterday, October 21st. The Wall Street Journal commented on Wells’ earnings by writing, Wells Fargo Leads Stocks Into The Red : Wells Fargo led stocks lower after a bearish analyst note triggered a selloff that took down J.P. Morgan Chase and other financial shares. The Dow Jones Industrial Average closed down 92.12 points, or 0.9%, to 9949.36, marking its second decline in a row. J.P. Morgan and Bank of America were two of its weaker compon

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News Sources wrote an interesting post today on
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U.S. stocks declined in Wednesday trading, as the Dow Jones Industrial Average fell 21 points to 9809, the S&P 500 decreased 3.5 point to 1068 and the Nasdaq Composite slid 2.5 points to 2144.US Airways (NYSE:LCC, $4.67, -$0.56, -10.71%) said it will sell 26.3 million shares, following in the steps of other airlines that have announced plans to raise funds in the equity and bond markets. The offering would boost the carrier’s outstanding shares by at least 20%. AMR Corp.’s (NYSE:AMR, $8.01, -$0.

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News Sources wrote an interesting post today on
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NEW YORK – The nation was focused on a tropical storm spinning off the Carolinas and a hurricane headed for Florida. People were gaming out how a political novice named Sarah Palin might upend the presidential campaign. The Dow Jones industrial average closed at 11,220 on Sept. 5, the Friday after Labor Day last year. There was an economic slowdown under way — no one doubted that. Whether it amounted to a bona fide recession was semantics, a question for economists. But on Sunday morning, the fe

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News Sources wrote an interesting post today on
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U.S. stocks traded Mixed Monday as the Dow Jones Industrial Average rose 0.10% to 9516 but the Standard & Poor’s 500 dropped 0.27% to 1023 and the Nasdaq Composite fell 0.37% to 2014.Fox-Pitt Kelton decided to take a fresh look at Citigroup Inc. (NYSE:C, $4.80, +$0.10, 2.13%), “following the emergence of improving economic data and the big bounce in beaten down names in recent weeks,” firm says. “We’re still indifferent,” said the firm, as it sees Citi facing another $44 billion in loan losses i

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