08.10.09
Oil topped $70 a barrel Monday, tracking an advance on Wall Street.
Yes, Citigroup lost billions in the financial crisis. And yes, it's still swimming in toxic assets. But Bruce Berkowitz argues the worst is over. From the mid-1980s to 1999, a period that marked the rise of the PC, Microsoft made a lot of people rich: Its shares soared 59% a year.
Where's the bottom? It's the question every investor is asking. We wish we could tell you when the stock market will reach that point - we really do. But we have no idea. Nobody does. This much, however, we can say: Don't wait for that perfect moment when the markets sink to their absolute floor. Because by the time you're certain prices have reached that spot, the moment will have passed, and you may have missed a dramatic rebound.
Oil prices jumped Friday for the third straight day as optimism about the economic recovery and a weaker dollar boosted the appeal of crude. Oil fell below $70 a barrel Wednesday after a government report showed demand for oil plunged.
Shares of major U.S. banks rallied Friday after the Senate passed a sweeping overhaul of the financial system.
Vanguard Wellington is a throwback. Before mutual funds became specialized, so-called balanced funds like this -- which invests in both stocks and bonds -- were core holdings you could feel comfortable putting most of your money into.
Treasurys fell Wednesday, after a government auction drew moderate demand and the Federal Reserve announced it will leave interest rates unchanged for an "extended period." As the 10th anniversary of the bursting of the tech bubble is upon us, you've probably read a slew of stories about what an awful decade this has been for stocks.
Stocks jumped Thursday, with the blue-chip Dow index ending more than 120 points higher, as investors reacted to a rise in Exxon Mobil earnings and brushed off concerns about European debt problems.
Stocks ended higher Friday, finding momentum at the end of a very choppy session in which concerns about global growth vied with investor willingness to scoop up shares beaten down in the recent sell-off.
Trading was mixed Friday in Asian and Pacific markets, with Japan's Nikkei index and South Korea's KOSPI index down over worries about the U.S. economy.
After hitting a new 7-month low earlier in the day, oil prices rebounded as investors looked ahead to the expiration date of the active futures contract. Treasurys rallied Thursday as stocks plunged and investors worried about European debt and its effect on the global economy.
We all know that 2008 was a horrific year for the stock market. But to really put into perspective how terrible it was, get a load of this. Only one mutual fund that focuses on buying U.S. stocks made money in 2008. One!
22.05.10
After hitting a new 7-month low earlier in the day, oil prices rebounded as investors looked ahead to the expiration date of the active futures contract.
22.05.10
The euro pared back earlier losses against the dollar Wednesday, after Germany said it would ban short selling on some European bank shares and the zone's government bonds.
22.05.10
Treasurys were little changed Wednesday, as investors looked for direction amid mixed signals out of Europe and the United States.
22.05.10
Stocks recovered from deep losses posted earlier in the session but ended lower Wednesday, as investors welcomed the Fed's forecast of an improving economy amid lingering fears about the global economy.
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22.05.10
Oil prices fell Thursday, as stocks got hammered on worries about spreading European debt problems.
22.05.10
The euro recovered from earlier losses Thursday amid speculation that the European Central Bank could intervene in the currency market, following signs the Swiss National Bank is already doing so.
22.05.10
Treasurys rallied Thursday as stocks plunged and investors worried about European debt and its effect on the global economy.
22.05.10
Wall Street's key measure of volatility skyrocketed on Thursday, as all major stock indexes plummeted on concerns about the European debt crisis.
22.05.10
Stocks got pummeled Thursday, with the Dow, Nasdaq and S&P 500 losing enough to fall into "correction territory" - marked by a drop of more than 10% off the rally highs.
22.05.10
The euro continued bouncing off four-year lows seen earlier this week, as investors unwound bets against the shared currency on speculation that the European Central Bank will intervene in the market for the first time in 10 years.
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