By Jason Simpkins Following a week in which U.S. stocks posted their worst showing since March 2003, shares yesterday posted some solid gains after a day of choppy trading. After being down as much as 46 points, the Dow Jones Industrial Average reversed course and rebounded to gain nearly 93 points, or 0.70%, to close […]
Category
Stocks
Stocks End Their Record Run
After five straight gains, and four consecutive days of record closing highs, stocks took a beating and fell yesterday because of housing worries and fears the subprime crisis could spread.
Never Trust an Investor With a Microscope
Anytime stocks are on a record run, and you sense that investors are searching a little too hard for the good news needed to keep the advance alive, it's probably a good time to start being a little cautious.
Ackerman Hedge Fund Puts Bulls eye on Target
Pershing Square Capital Management LP, the hedge fund run by activist investor William Ackerman, has taken a 9.6% stake in upscale discounter Target Corp., the New York-based investment fund disclosed in a Securities and Exchange Commission filing yesterday.
Industrial Lead Hits Another Record
From Staff Reports In yet another example of the impact that demand in China is having on global commodity prices, industrial-grade lead soared to yet another record yesterday, and according to some estimates has climbed by nearly 90% so far this year. The heavy metal, especially useful in the production of the power-storage cells for […]
Inflation Still The Fed's Main Concern
Despite an abysmal housing market and a timid stock market, inflation remains the chief concern of Federal Reserve Chairman Ben S. Bernanke.
Blackstone Booms on Its First Day of Trading
Capitalizing on the private-equity wave, The Blackstone Group saw its shares soar in their IPO on Friday, even though the broader market skidded lower.