Word: thursdays
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Stocks sent an unsettling message today, with the Dow Jones Industrials closing below the market low set back in November 2008. The Dow had dipped below the November low earlier in the week but finished the day higher. Thursday's close below the November low is to some a confirmation of the market's bearish trend, implying lower prices ahead. The Dow index, which finished the day at 7465.79, is down 10% over the last eight trading days, and is also at a new five-year low. (See the top 10 Dow Jones drops of all time...
...significance of today's market signal. "I follow the S&P 500 because that's where the money is," says Phil Roth chief technical analyst at Miller Tabak in New York City. "And there the index is still about 4% above its November low." Even so, Roth believes Thursday's Dow drop and its new low-water mark will make the next few trading days anxious ones. "It's important psychologically," he says, noting that negative sentiment has kept buyers at bay, and today's technically significant drop could make them even more skittish. Days like this can also...
Financial stocks were a big drag on Thursday's market - banks fell 6.6%, led by Bank of America's 14% decline. Real estate-related sectors were also sharp decliners, with home construction stocks falling 9%. Both sectors, finance and housing, are at the heart of the goverment's efforts to address the financial crisis. On February 10 Treasury Secretary Timothy Geithner unveiled a multi-pronged plan for troubled banks, and on Wednesday President Barack Obama announced a $275 billion program to stem foreclosures and support the housing market. Today's stock market action suggests investors are still in doubt about...
There's nothing new about Washington asking its European allies to start pulling their military weight. But when American Defense Secretary Robert Gates appealed for additional European troop support for the war in Afghanistan on Thursday, the sense of futility was all too obvious. Even as Gates asked Europe for help, he let on that he doesn't actually expect much. President Barack Obama's White House "is a new administration and there clearly will be expectations that the allies must do more," Gates said Thursday during a trip to Poland, his first abroad since being retained as Defense Secretary...
...magazine’s launch party last Thursday evening went down more smoothly than a fine Port. While some came for the more generic fare, as hordes descended upon pizza and sushi, there was also filet mignon for the connoisseurs. But regardless of taste, gourmands were united by a love of food, and even more, by a love of getting away from dining halls...