The markets ended the week on a high note with encouraging economic news, a surprise jump in consumer sentiment and a drop in the trade deficit, among other things. Is the Fed’s latest round of stimulus working?
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The stock market’s powerful two-day rally nearly fizzled out Friday after the unemployment rate unexpectedly jumped to 9.8%. But traders managed to find a silver lining even in that grim news, and stocks found a way to eke out a gain.
Continue reading Why the Ugly Jobs Report Was Good for Stocks [VIDEO]
Why the Ugly Jobs Report Was Good for Stocks [VIDEO] originally appeared on DailyFinance on Fri, 03 Dec 2010 16:15:00.
Filed Under: Economy, Investing, Earnings, Currency, NYSE, Video, Market News, Streetwise
Beyond the next series of economic indicators, what really matters now is a strong holiday selling season. If it materializes, that could pole-vault the market to new highs, making 12,000 on the Dow by year-end well within reac…
Stocks and commodities fell sharply Friday amid anxiety that China will hike interest rates to keep its economy from overheating. The Dow flirted with a triple-digit loss. Gold and oil prices likewise plunged.
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General Growth Properties (GGP), the country’s second-largest mall owner, emerged from bankruptcy and split itself into two companies.
The company spun off Howard Hughes Corp, an owner of properties including master-planned communities, Bloomberg News said.
Shares in Howard Hughes will begin trading tomorrow on the New York Stock Exchange, as will shares in the new General Growth….
Continue reading General Growth Leaves Bankruptcy, Splits in Two
General Growth Leaves Bankruptcy, Splits in Two originally appeared on DailyFinance on Wed, 10 Nov 2010 07:32:00.
Filed Under: Company News, Real Estate, NYSE, Stocks in the News