Dow Jones
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Money Morning's Fitz-Gerald On PIMCO Bond Sell-Off and Stock Market Drop
Bill Gross, manager of the world's largest bond fund at Pacific Investment Management Company (PIMCO), rattled bond investors when he announced yesterday (Wednesday) the fund has eliminated its holdings in U.S. government debt. PIMCO's $237 billion Total Return Fund said it is increasing its holdings in debt of corporations and of emerging markets like Brazil [...] -
Answer Our Question of the Week: Is This a True Bull Market?
Money Morning Contributing Writer Jon D. Markman has been saying it every week now: The bulls have it! Between the New York Stock Exchange continuously reaching new highs, the Dow Jones Industrial Average rising up along its eight-day average (see chart), and a rebounding retail sector, there's reason to celebrate what appears to be a market recovery offering investors a profit.
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Investment News Briefs
Currency Battle Continues; Dow Hits 13-Month High; Fannie Could Need More TARP Money; Google Buying Mobile Ad Firm; Dish Network Surprises; GMAC Fails to Meet Fed's Capital Deadline; Sprint Cuts Up to 2,500 Jobs; Las Vegas Sands Macau Business to Go Public; EA Off Its Game
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Two Reasons the Dow's Rally to 10,000 Will Keep Moving Ahead
The last time Dow Jones Industrial Average hit the 10,000 mark, it was plummeting from an all-time high of 14,163.53 as shell-shocked investors sought shelter from the worst financial crisis since The Great Depression. But this time around the blue chip index was on the upswing, surging 1.4% yesterday (Wednesday) to a close of 10,015.86. [...]
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Here's Why the U.S. Rebound Will Be Stronger Than You Thinkcom
The U.S. economy may be experiencing a "V-shaped" economic rebound. But it's not the conventional V-shaped rebound – where the two sides are about even. We may actually be looking at an extended rebound in which the right (recovery) side of the "V" extends way up high, like a checkmark. Since that is way out [...]
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Dow Zooms to Record Gain Yesterday on Reports The Government Will Reveal Banking Bailout Plan Details Early Today
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report U.S. stocks yesterday (Monday) staged their biggest rally since the Great Depression – with the Dow Jones Industrial Average soaring an all-time record 936 points – on a Federal Reserve-led push to flood the ailing global financial system with dollars and on a U.S. government plan [...]
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Dow Makes $18.8 Billion Offer for Rohm and Haas
By Jennifer YousfiManaging Editor The Dow Chemical Co. (DOW) yesterday (Thursday) announced its plans to buy rival Rohm and Haas Co. (ROH) in an $18.8 billion deal, $3 billion of which will come from Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B). News of the Dow buyout sent Rohm and Haas shares soaring over 60% by [...]
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A Bearish Dow Has its Worst June Since the Great Depression
By Jason Simpkins Associate Editor High oil prices, a steep drop in consumer confidence, declining home values and a weak dollar conspired to drive the Dow Jones Industrial Average to its lowest point in two years, and made for the benchmark index's worst June since the Great Depression. After falling more than 300 points last [...]
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Dow Dives 300 Points on Weak Earnings, Dour Economic Reports
By Jennifer Yousfi Managing Editor A fresh round of weak earnings reports and tepid economic indicators fueled concerns about the U.S. economy's health, which sent the blue-chip Dow Jones Industrial Average into a 300-point tailspin on Friday. At midday today – thanks to an across-the-board sell-off – all three of the key U.S. stock indices [...]
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Dow Swaps Out Altria, Honeywell for Bank of America, Chevron
By Jennifer Yousfi Managing Editor In the first changes to the 111-year old blue-chip stock index since April 2004, Bank of America Corp. (BAC) and Chevron Corp. (CVX) will replace Altria Group Inc. (MO) and Honeywell International Inc. (HON) in the Dow Jones Industrial Average. "While people follow the S&P 500 to get a broad [...]
