Keyword: dow
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The number of Americans who filed requests for jobless benefits was unchanged last week at 370,000, the U.S. Labor Department said Thursday. Claims from two weeks ago were revised up to 370,000 from an initial reading 367,000.
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The number of Americans who filed requests for jobless benefits was virtually unchanged last week at 388,000, the U.S. Labor Department said Thursday, keeping claims near their highest level of 2012. Claims from two weeks ago were revised up to 389,000 from 386,000.
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NEW YORK (CNNMoney) -- The fear trade picked up steam Tuesday, as investors grew increasingly worried about Europe's fiscal health, as borrowing costs in Spain and Italy spiked. All three major indexes were down more that 1.5% by mid-afternoon, as rattled investors bailed out. "People are starting to get very concerned about the macro picture of both sovereign debt and China's slowing growth," said Sam Ginzburg, head of trading at First NY. "We're starting to get very worried about going back to a recession." The Dow Jones Industrial Average (INDU) tumbled nearly 210 points, or 1.6%. The S&P 500 (SPX)...
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He was an architect of one of the biggest tax cuts in U.S. history. He spent much of his career after politics using borrowed money to take over companies. He targeted the riskiest ones that most investors shunned — car-parts makers, textile mills. That is one image of David Stockman, the former White House budget director who, after resigning in protest over deficit spending, made a fortune in corporate buyouts. Former Reagan Budget Director Despairs: I Wouldnt Touch the Stock Market With a 100 Foot Pole But spend time with him and you discover this former wunderkind of the Reagan...
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Peter Grandich was still in a mild state of euphoria over the victory of his New York Giants. Peter works closely with a number of team members in a Bible Study Class. And just like there's some good pro ball players out there, there's some good solid investments, even in an environment like this one. Peter urges you not to be fooled by the so-called investment pros who are always trying to make things look much better than they really are. He calls them the, "Don't Worry, Be Happy," crowd, because they're always playing up the positive and dismissing the...
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WASHINGTON—A former research scientist was sentenced late yesterday to 60 months in prison for stealing trade secrets from Dow Chemical Company and selling them to companies in the People’s Republic of China, as well as committing perjury, announced Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division and U.S. Attorney Donald J. Cazayoux Jr. for the Middle District of Louisiana. U.S. District Court Judge James J. Brady also sentenced Wen Chyu Liu, aka David W. Liou, 75, of Houston, to two years of supervised release and ordered him to forfeit $600,000 and pay a $25,000 fine. A...
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The folks at Dow Jones Indexes sent out a release last night highlighting how the 30 Dow components have performed this year. McDonald’s is on pace to lead the Dow industrials, up 31% through Tuesday’s close. Meanwhile, IBM, Pfizer and Home Depot are all up more than 20% this year. Kraft Foods rounds out the top five, up more than 19% in 2011. The Dow is up 6.2% this year, well outperforming the S&P 500′s 0.6% rise and the tech-heavy Nasdaq Comp’s 1.6% decline. The Russell 2000 index of small-cap stocks is down 4.5% year-to-date. Investors have flocked to the...
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NEW YORK (CNNMoney) -- U.S. stocks fell sharply Thursday as jumpy investors responded to a flurry of headlines and market talk. Dow Jones industrial average (INDU) was down 203 points, or less than 1.7%, in afternoon trading; the S&P 500 (SPX) fell 24 points, or 1.9%, and the Nasdaq composite (COMP) eased 56 points, or 2.1%. The selling gained momentum after the S&P 500 fell below 1,225, a key technical level that had been the recent moving average. Traders said the the market remains on edge as the eurozone debt crisis appears to be spreading to larger economies in Europe....
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MARKETS DESTROYED AROUND THE WORLD: Here's What You Need To Know Joe Weisenthal Sep. 22, 2011, 3:59 PM But first, the scoreboard: Dow: -387.37 NASDAQ: -79.69 S&P 500: -36.19 And now, the top stories: * The "day" really started yesterday around 2:20 when the FOMC released its highly anticipated "Operation Twist" announcement. Markets were already down modestly heading into that, but the selloff got serious after that, and stocks really fell out of bed. To some extent, the selling was a "sell-the-new" kind of thing, and perhaps to some extent some were disappointed that Bernanke didn't go further. Alongside the...
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Sept. 22, 2011, 12:12 p.m. EDT Dow off 400 on Europe, growth worries Federated’s Orlando watches 1,100 level on the S&P 500 By MarketWatch NEW YORK (MarketWatch) — U.S. stocks slid sharply on Thursday, extending losses for the Standard & Poor’s 500 Index into a fourth day, as Wall Street’s worry about Europe’s debt trouble and the global economy intensified. The negative sentiment taking hold among investors is “driven by the bank runs in Europe, and some of the European banks are rumored to be looking in the Middle East for capital, it’s like a replay of 2008 for some...
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DJI 10,808.87 Down -315.97 -2.84%
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NEW YORK — The problems that weighed down stocks all summer show no sign of letting up. U.S. stocks plunged Friday, erasing the week's gains, as rising fears about fallout from Europe's debt crisis overshadowed President Barack Obama's plan to revive the U.S. job market.
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Sept. 6, 2011, 9:37 a.m. EDT U.S. stocks open sharply lower; Rule 48 invoked By Kate Gibson NEW YORK (MarketWatch) - U.S. stocks fell sharply Tuesday as worries about European debt and the U.S. economy intensified. The Dow Jones Industrial Average DJIA -2.31% fell 275.26 points to 10,965.00. The Standard & Poor's 500 Index SPX -2.51% shed 29.60 points to 1,144.37. The Nasdaq Composite Index COMP -2.18% declined 56.61 points to 2,423.72. /snip Markets invoked Rule 48 for the open, lifting a requirement calling for price indications that help determine the floor price at the start to smooth trade.
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Rule 48 allows the exchange to suspend price indications that help determine the floor price at the open during regular sessions. Bypassing the requirement helps speed the beginning of trading. Among the triggers for invoking the rule are “substantial activity in the futures market before the open,” according to the exchange's website. U.S. stock index futures pointed to a sharply lower open as a report that regulators were intensifying their review of European banks' U.S. units shook up investors.
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Asian markets plunged on Tuesday following a massive selloff in the United States that sent the Dow spiraling below the 11,000-mark for the first time since 2010. In mid-day trading in Asia, the Japanese Nikkei 225 tumbled 4.4% to 8,694, while the Chinese Hang Seng nose dived 7.3% to 19,005. Meanwhile, U.S. stock futures were deep in the red in electronic trading. Dow Jones Industrial Average futures plummeted 271 points to 10,455, S&P 500 futures dipped 28.3 points to 1,083 and Nasdaq 100 futures slid 56.5 points to 1,982.
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Investors spooked by both the downgrade of the U.S. debt late Friday and the direction of the economy continued to sell stocks Monday, sending market indexes down 5% to 6%. The Dow Jones industrial average fell by more than 600 points, dropping below 11,000 for the first time since November. The Dow fell more than 633 points, to 10,810.83. The Standard & Poor's 500 index was off 6.66%, closing at 1,119.46, and the Nasdaq Composite index fell by 6.9%, closing down nearly 175 points at 2,357.69. Another down day on Wall Street followed declines in overseas markets earlier in the...
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BEGIN TRANSCRIPT RUSH: Does anybody now doubt that this is on purpose? I mean, after all, Barack Obama inherits a AAA credit rating from George W. Bush, and look what he does to it. Obama is always running around complaining and whining and moaning about all that he inherited from George W. Bush. Well, he inherited a AAA credit rating, an unemployment rate of 5.7%. Does anybody doubt that this is on purpose? Well, look, my credit rating doesn't suck. There are a lot of individual Americans whose credit ratings aren't in trouble. The United States has never been in...
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