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Courtney Raio
25 Aug, 2011 | 05:03 PM
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Markets closed lower as concerns about Europe trumped the rally following the announcement that Warren Buffett and Berkshire Hathaway invested $5 billion in Bank of America. The Dow closed 170 points lower on concerns about the debt crisis in Europe and jobless claims that were slightly higher than economists were forecasting. ...
Courtney Raio
24 Aug, 2011 | 04:42 PM
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Courtney Raio
23 Aug, 2011 | 05:03 PM
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Image by Quigibo via Flickr ...
Courtney Raio
22 Aug, 2011 | 04:47 PM
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Markets finished higher today, but as has been the case in most recent rallies, the bulls lost steam as the day wore on, and the Dow finished just 37 points higher after giving back much of the morning’s 202 point gain. Investors are already looking ahead to Ben Bernanke’s speech from Jackson Hole, Wyoming on Friday, where he will discuss what if any steps the Fed will take to spur the recovery. ...
Courtney Raio
19 Aug, 2011 | 04:48 PM
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Markets fell today, the Dow was down 172 points and the S&P 500 fell 17 points on continued concern over European banks, under pressure after HPQ fell 20.03% today following yesterday’s exploration of strategic alternatives for its PC business and merger announcement. For the week the Dow was 4.01% lower and the S&P 500 was down 4.69%. Gold continued its run at all time highs, trading at $1,850 per ounce as investors turn to safe-havens for their money. Gold traded 1.50% higher today, and is up $232, 13.76%, since the beginning of August. ...
Courtney Raio
18 Aug, 2011 | 04:47 PM
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Markets slid today on renewed concern about the European banks as well as disappointing economic reports and bearish comments from NY Fed President Dudley. The Dow fell 419 points (3.68%) and the S&P closed 53 points (4.46%) lower. The decline was broad based as five of the ten S&P 500 sectors finished down over 5% on the day. ...