By Jennifer Yousfi Managing Editor The State Street Investor Confidence Index for December 2007, released yesterday (Tuesday), fell 9.9 points from November's reading to reach 65.9 – the lowest level since the index began in 1998. The index is compiled by State Street Global Markets, the investment research and trading arm of State Street Corporation […]
Category
U.S. Economy
U.K. Markets Mirror U.S. Woes
By Jennifer Yousfi Managing Editor London stocks plunged yesterday (Monday) following Wall Street's lead from Friday. The sell-off crossed all industries with only a handful of stocks in the FTSE 100 Index showing gains for the day as the index fell 1.9% for the day. After U.S. Consumer Price Index data was released on Friday, […]
Money Morning's Three-Minute Market Review: How Last Week's Action is Shaping This Week's Market
By William Patalon III Executive Editor Money Morning/The Map Report Market/Index Previous Week (12/07/07) Current Week (12/14/07) YTD Change Dow Jones Industrial 13,625.58 13,339.85 7.03% NASDAQ 2,706.16 2,635.74 9.13% S&P 500 1,504.66 1,467.95 3.50% Russell 2000 785.52 753.93 -4.28% Fed Funds 4.50% 4.25% -100 bps 10 yr Treasury (Yield) 4.12% 4.23% -48 bps Although the […]
Money Morning’s Three-Minute Market Review: How Last Week’s Action is Shaping This Week’s Market
By William Patalon III Executive Editor Money Morning/The Money Map Report Look, up in the sky…it’s a bird; it’s a plane; it’s SUPER PREZ!!! Or is it? With his second term nearing an end, U.S. President George W. Bush is searching for a lasting legacy [in case “peace in the Middle East” doesn’t work out] […]
The Dumbest Money in the World
The story of how the credit crisis came to be – and how you can profit from it in 2008… [This is the second of two parts. The first part ran yesterday.] Yesterday, I took you through the beginnings of the current credit crisis. An over-reliance on the rating agencies and a lack of quality […]
The Dumbest Money in the World
The story of how the credit crisis came to be – and how you can profit from it in 2008… [This is the first of two parts. The second part will run tomorrow.] In the past few weeks, the markets have run up strongly. Of course, this run has been mostly fueled by one thing: […]
Emerging Market IPOs Making Big Waves Outside of U.S. Market Turmoil
By Jason Simpkins Associate Editor As the U.S. market falters amid credit worries and a disastrous housing slump, emerging markets are picking up the slack. Investors abroad are reaping huge profits from initial public offerings (IPOs), which have yet to break stride this year. Year-to-date, more than half the record $255 billion raised through IPOs […]
Money Morning's Three-Minute Market Review:How Last Week's Action is Shaping This Week's Market
By William Patalon III Executive Editor Money Morning/The Money Map Report Market/Index Previous Week (11/23/07) Current Week (11/30/07) YTD Change Dow Jones Industrial 12,980.88 13,371.72 7.29% NASDAQ 2,596.60 2,660.96 10.17% S&P 500 1,440.70 1,481.14 4.43% Russell 2000 755.03 767.77 -2.53% Fed Funds 4.50% 4.50% -0.75% 10 yr Treasury (Yield) 4.01% 3.97% -0.74% Looks like Santa […]
Stocks Rise as Market Bets on More Rate Cuts
By Jennifer YousfiManaging Editor The market is anticipating another rate cut at the Dec. 11th FOMC meeting – despite Fed Chairmen Ben Bernanke's deliberately neutral remarks in Charlotte, NC this past Thursday. Bernanke acknowledged some weakness in the economy, but reiterated that economic data remains mixed. "We will be receiving a good deal of relevant […]
Housing a "Drag" on the U.S. Economy - and May Spur Another Rate Cut
By Jason Simpkins Associate Editor The U.S. economy is showing new signs of weakness, stemming from losses in the housing sector. And that's despite a 4.9% third-quarter surge. Foreclosures increased while home-values plummeted – a trend many experts see continuing well into 2008. New home prices have dropped the most since 1970, and foreclosure filings […]