Financial News Blog

From

noreply@noemail.com (HGH Press) — Wednesday, May 16, 2012 13:30:00 +0000
From Reuters:
U.S. stocks and the euro slid on Wednesday on news that some Greek banks face emergency funding needs, while minutes from the Federal Reserve's April meeting showed U.S. economic prospects remain sobering.

From

noreply@noemail.com (HGH Press) — Tuesday, May 15, 2012 13:30:00 +0000
From AP:
The euro and European stocks plunged as trading in New York began after efforts to form a government in Greece collapsed. Newly-elected political leaders there disagree about whether to accept more international bailouts and continue with painful spending cuts.

From

noreply@noemail.com (HGH Press) — Monday, May 14, 2012 13:30:00 +0000
From Reuters:
Stocks fell on Monday as investors dealt with the one-two punch of worsening political upheaval in the euro zone and the possibility that China's economy may be softening more than previously thought.

From

noreply@noemail.com (HGH Press) — Friday, May 11, 2012 13:30:00 +0000
From Reuters:
Shares of U.S. banks slumped on Friday after JPMorgan said it lost billions of dollars on bad trades, but the overall market ended only modestly lower, thanks to gains in technology shares.

From

noreply@noemail.com (HGH Press) — Thursday, May 10, 2012 13:30:00 +0000
From AP:
Investors have worried that job growth is fading. They were encouraged by a Labor Department report that applications for unemployment benefits dropped 1,000 to 367,000 in the week ending May 5.

From

noreply@noemail.com (HGH Press) — Wednesday, May 09, 2012 13:30:00 +0000
From Reuters:
Stocks trimmed earlier losses to trade modestly lower by mid-afternoon trade on Wednesday after news that Greece will get 5.2 billion euros in aid.

From

noreply@noemail.com (HGH Press) — Tuesday, May 08, 2012 13:30:00 +0000
From Reuters:
Stocks ended lower on Tuesday after political developments in Greece fanned concerns about Europe's fiscal health, but a late rally helped indexes cut losses to close well above lows.

From

noreply@noemail.com (HGH Press) — Monday, May 07, 2012 13:30:00 +0000
From Reuters:
- Investors brushed off Europe's election results, as the S&P 500 rebounded from early losses to end nearly unchanged on Monday, despite the uncertainty surrounding the euro zone's ability to tackle its debt crisis.

From

noreply@noemail.com (HGH Press) — Friday, May 04, 2012 13:30:00 +0000
From Reuters:
Wall Street ended its worst week this year with a sharp selloff on Friday after a slowdown in job creation in the world's top economy raised the biggest question mark yet about the prospects for U.S. growth.

From

noreply@noemail.com (HGH Press) — Thursday, May 03, 2012 13:30:00 +0000
From Reuters:
Stocks fell on Thursday as economic data sent mixed signals on the recovery a day before the April payrolls report

From

noreply@noemail.com (HGH Press) — Wednesday, May 02, 2012 13:30:00 +0000
From Reuters:
The S&P 500 and the Dow edged lower on Wednesday as data showed that private sector hiring unexpectedly fell to a seven-month low in April, sparking concerns that Friday's key jobs report will also disappoint investors.

government data on Wednesday showed new orders for factory goods suffered their biggest decline in three years in March as demand for transportation equipment and a range of other goods dried up

From

noreply@noemail.com (HGH Press) — Tuesday, May 01, 2012 13:30:00 +0000
From Reuters:
The Dow closed at its highest level in more than four years on Tuesday after U.S. manufacturing expanded at a faster pace than expected in April, easing jitters about a slowdown in the economic recovery.

From

noreply@noemail.com (HGH Press) — Monday, April 30, 2012 13:30:00 +0000
From Reuters:
The S&P 500 posted its first monthly decline since November on Monday, as stocks slipped on signs the U.S. economy may be slowing and as a recession in Spain highlighted risks in the euro zone.

"We had such a strong first quarter, and we've lost that momentum in the last two weeks," said Jake Dollarhide, chief executive at Longbow Asset Management in Tulsa, Oklahoma. The data "reinforces the ominous tone on Wall Street, along with the fears we have about Europe."

Stronger consumer spending cushioned the blow in the first quarter, but Monday's data suggested consumers ended the period spending less freely.

From

noreply@noemail.com (HGH Press) — Friday, April 27, 2012 13:30:00 +0000
From AP:
Stocks are closing slightly higher as investors weigh news of higher corporate profit against disappointing economic news.

From

noreply@noemail.com (HGH Press) — Thursday, April 26, 2012 13:30:00 +0000
From Reuters:
Stocks rose for a third day on Thursday after upbeat housing data and stronger-than-expected results from companies, including Lockheed Martin, overshadowed some high-profile earnings misses.
From CNN Money:
U.S. stocks rose Thursday, as hopes for more stimulus from the Federal Reserve and upbeat housing data overshadowed concerns about the job market and mixed corporate earnings.

From

noreply@noemail.com (HGH Press) — Wednesday, April 25, 2012 13:30:00 +0000
From CNBC:
Troubles in Europe are making banking analyst Meredith Whitney "wildly bullish" on certain U.S. markets, though she said in a CNBC appearance that some of the nation's biggest regions face major challenges.
From Reuters:
The most dovish of Federal Reserve officials no longer want to put off raising interest rates until 2016, although the central bank's policy panel repeated on Wednesday that it does not expect the first increase in borrowing costs before late 2014.

From

noreply@noemail.com (HGH Press) — Tuesday, April 24, 2012 13:30:00 +0000
From Breakout:
Whether it's earnings, the economy, or the Fed, Wall Street, at its core, is ultimately a game of expectations. And right now Jim Bianco, president of Bianco Research, says the anticipation for Wednesday's trifecta of policy proclamations is fittingly low.

From

noreply@noemail.com (HGH Press) — Monday, April 23, 2012 13:30:00 +0000
From AP:
The Dutch government collapsed Monday, a day after French President Nicolas Sarkozy lost the first round of that country's presidential election. A new report showed that European government debt continues to pile up despite severe budget cuts, which have led to unrest and political upheaval across the continent.

From

noreply@noemail.com (HGH Press) — Friday, April 20, 2012 13:30:00 +0000
From Reuters:
U.S. stocks mostly rose on Friday, led by solid earnings from McDonald's, General Electric and Microsoft, but declines in banks and technology shares pulled indexes from their day's highs.
From Breakout:
Americans suspect one of two things about oil and gas prices: crude is either getting propped up by "speculators" or through the actions of Big Business. In either case, prices at the pump are inflated by capitalism run amok, to the detriment of the American consumer.
From the Daily Ticker:
After a brief reprieve earlier this year, Europe's financial crisis has returned to the forefront of the market's consciousness.

From

noreply@noemail.com (HGH Press) — Thursday, April 19, 2012 13:30:00 +0000
From Reuters:
Stocks fell for a second day on Thursday as labor market data showed more signs of weakness while a warning from Qualcomm and poor results from Stanley Black & Decker discouraged investors.
The daily Ticker:
A trio of disappointing economic reports today raises questions about the depth and durability of the U.S. economic recovery. Existing home sales fell 2.6% in March to an annual rate of 4.48 million. March jobless claims fell 2,000 to 386,000 - less than expected - but the four-week moving average for new claims actually rose by 5,500.

From

noreply@noemail.com (HGH Press) — Wednesday, April 18, 2012 13:30:00 +0000
From Reuters:
Exuberant global markets have taken a reality check this month on chronic U.S., Chinese and European growth concerns, and investors should hold companies' relatively rosy profit outlooks up for scrutiny too.

From

noreply@noemail.com (HGH Press) — Tuesday, April 17, 2012 13:30:00 +0000
From Reuters:
"People were very pessimistic, marking down earnings expectations so there was plenty of room for the market to be positively surprised," said Paul Zemsky, the New York-based head of asset allocation at ING Investment Management.

From

noreply@noemail.com (HGH Press) — Monday, April 16, 2012 13:30:00 +0000
From Reuters:
The Dow rose on Monday as robust U.S. retail sales data helped large-cap consumer stocks, but a 4 percent slide in Apple hurt the Nasdaq.

"The market behavior is fairly manic today and investors are confused after a mixed set of data, Spanish yields, and momentum stocks like Apple losing ground," said James Dailey

From

noreply@noemail.com (HGH Press) — Friday, April 13, 2012 13:30:00 +0000
From Reuters:
U.S. stocks closed their worst two-week slide since November with a selloff on Friday as disappointing China growth data sparked worries the global recovery was flagging.

From

noreply@noemail.com (HGH Press) — Thursday, April 12, 2012 13:30:00 +0000
From Reuters:
Stocks scored a second day of solid gains on Thursday, led by materials and energy stocks, as investors set aside weak figures on the domestic labor market.

The U.S. Federal Reserve is running through data to determine if last month's soft non-farm payrolls report was a weather-related setback or a sign the recovery is losing momentum, said William Dudley, president of the Federal Reserve Bank of New York.