Investors seemed indecisive today as the Dow Jones Industrial Average fell and rallied over and over before committing fall this afternoon. Reports of weaker than expected housing sales in May (likely due to bank delays in approving new mortgages) as well as imminent financial reforms seemed to have investors running […]
Yolander Prinzel
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Stocks seemed determined to soar today as the Dow Jones Industrial Average rose over 100 points from Friday’s close just minutes into the session. The Dow maintained a portion of its early morning gain most of the day but unfortunately, ominous mortgage news may have spooked investors resulting in an […]
The Dow Jones Industrial Average managed to maintain its delicate forward momentum to close at 10,450.64 today, an increase of 16.47 points. This combined with $7.65 billion in sales of HSBC, JPMorgan Chase, and Bank of America bonds have shown an increase in overall investor confidence. HSBC’s bond sales were […]
company operating in the ocean marine, other liability, aircraft and inland marine/fire sectors) improved and showed increased stockholder equity and net
A canceled BP Plc (NYSE: BP) dividend, bad news on jobs and manufacturing reports and possibility that BP might be attempting to secure a line of credit weren’t enough to keep the Dow Jones Industrial Average down on Thursday. It closed at 10,434.17 up 24.56 points from Wednesday. BP itself […]
According to a report released by Fitch Research today, as many as 75% of the homeowners who modified their home loans through the Home Affordable Modification Program (HAMP) and other loan modification programs will be in default again within the next 12 months. While this may have been anticipated by […]
U.S. investors seemed to feel more and more confident that the European debt crisis has more bark than bite on Tuesday. This attitude was evidenced by the significant rally of the Dow Jones Industrial Average as it rose up 213.5 points to close at 10,404.39. European and Asian markets also […]
Moody’s reclassification of Greek bonds to junk bond status through a Ba1 rating seemed to dampen investor’s spirits on Monday as the Dow Jones Industrial Average sunk in the last few minutes before closing. The Dow dropped 20.18 points to close at 10,190.89 after spending most of the day with […]
With a chop that would make a sailor sea sick the Dow Jones Industrial Average suffered from the varied whims of investors all day Friday. This reaction is not surprising when you consider the statement issued by Commerce Secretary Gary Locke today regarding May retail sales. In the statement, Locke […]
This week manager Leif Eriksen added Western Digital Corp (NYSE:WDC) to his portfolio. In order to understand this decision fully, it’s important to consider Eriksen’s overall approach to choosing investments for his portfolio. Eriksen practices a fundamental approach in his portfolio. That means he looks at the financial health of a company […]
As the Euro seems to stabilize and European and Asian markets react favorably and economic reports from both Japan and China show growth in the two countries, the Dow Jones Industrial Average took a swing for the better today. Closing at 10,172.60, an increase of 273.35 points, the Dow enjoyed […]
Federal Reserve Chairman Ben Bernanke simultaneously helped and hurt the market today as he discussed the Euro Zone financial crisis as well as economic strain and recovery in the United States. His comments helped the market this morning as he mentioning that Europe’s financial crisis would likely have little effect […]