Laguna Niguel NEWS - Dow 5000? A Bearish Possibility - Wall Street Journal Laguna Niguel NEWS - Dow 5000? A Bearish Possibility - Wall Street Journal

Sunday, March 8, 2009

Laguna Niguel NEWS - Dow 5000? A Bearish Possibility - Wall Street Journal

Despite Friday's small gain, the Dow Jones Industrial Average marked its fourth consecutive week of losses as it tumbled through the 7000-point mark and spiraled to new 12-year lows. The Standard & Poor's 500-stock index is trading below 700 for the Newstead NEWS

Stocks ended a volatile session mixed Friday after the government reported that employers cut 651,000 jobs last month, and the unemployment rate jumped to 8.1 percent. The government also revised its December and January job loss figures higher. But Newstead NEWS

TORONTO - Investors hoping that stock markets were approaching bottom saw those hopes sorely tried last week after concerns about the financial sector sent North American indexes crashing through the lows of last November. The trigger was a US$62 Newstead NEWS

March 9 (Bloomberg) -- The Australian and New Zealand dollars advanced as the Dow Jones Industrial Average rallied 150 points in the final hour of trading late last week. Gains in the currencies may be limited before a report March 12 likely to show Newstead NEWS

WASHINGTON -- The recession is already in its 15th month, making it longer than all but two downturns since World War II. For now, everything seems to be getting worse: The Dow is in free fall, jobs are vanishing every day, and one in eight American Newstead NEWS

No comments: