SouthValley NEWS - 'Obama Bear Market': Dow Average Falls 20 Percent Since Inauguration - The Bulletin SouthValley NEWS - 'Obama Bear Market': Dow Average Falls 20 Percent Since Inauguration - The Bulletin

Friday, March 6, 2009

SouthValley NEWS - 'Obama Bear Market': Dow Average Falls 20 Percent Since Inauguration - The Bulletin

The Dow Jones Industrial Average fell 20 percent since Inauguration Day, the fastest drop under a new president, as investors speculated Barack Obama’s stimulus measures won’t revive the economy anytime soon. The Dow average slid 4.1 percent to 6 Ward NEWS

Mortgage bill: The House passed legislation that would allow bankruptcy judges to modify terms of troubled home mortgages, overcoming fierce financial-industry opposition. The bill, a package of housing-related initiatives, passed 234-191, largely Ward NEWS

LONDON (Dow Jones)--U.S. stocks are tipped to start Friday's session on a positive note, though much will depend on the key nonfarm payrolls data for February to be released an hour before the open. "We are seeing some speculative buying interest Ward NEWS

[ C   Loading       ( )   ] commanded a stock price of $55 just two years ago. But at one point Thursday, as markets hurtled to their lowest close in 12 years, the shares were worth less than an item at the Dollar Store. After months of Ward NEWS

NEW YORK (Dow Jones)--U.S. stock futures drifted lower on Friday, with fresh bear-market lows seen on tap ahead of what could be the worst monthly employment in nearly 60 years. S&P 500 futures (SPY) fell 2.7 points to 683.40 and Nasdaq 100 futures Ward NEWS

BERLIN -(Dow Jones)- General Motors Corp. (GM) doesn't own the patents of its German Opel unit anymore because it has sold the rights off to the U.S. Treasury in the hope of buying them back at a later stage, a German government official who declined Ward NEWS

NEW YORK - Investors fled Wall Street again, driven by worries about the nation's big banks and General Motors Corp. Stocks ended at 12-year lows yesterday, more than wiping out the previous day's rally. Investors wrestled with more disheartening Ward NEWS

The banking giant Citigroup commanded a stock price of $55 just two years ago. But at one point Thursday, as markets hurtled to their lowest close in 12 years, the shares were worth less than an item at the Dollar Store. After months of breathtaking Ward NEWS

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