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21 Feb 2012 14:49

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Biz: Dow Jones Industrial Average reaches symbolic milestone

  • 13,000 points, the highest mark since 2008 source
  • » On May 20th, to be precise: The most successful private sectors early in 2012 have been finance and information technology, up nearly 13% when trading began today. The 13,000 figure is considered something of a benchmark for the Dow’s health, and while analysts are right to warn that the significance may be predominantly symbolic, the nature of investor confidence is such that a positive psychological message can itself be a big boon. The Dow crossed this threshold at a time when most attention was focused on Greece, which secured a second bailout from the Euro Zone as their fiscal crisis continued.

21 Mar 2011 20:09

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Biz: Stock market: A huge merger goes a long way to revive stocks

  • whatDespite the extreme uncertainty caused by the Japanese quake and Libya unrest, the Dow Jones Industrial jumped above 12,000 for the first time in nearly two weeks.
  • why The AT&T/T-Mobile merger, silly! In fact, that whole mess seems to have pushed up the entire market for everyone except for Sprint, which fell far today. source

16 Jun 2010 09:46

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Biz: Fannie & Freddie’s stocks so crappy right now, they’re getting delisted

  • what Fannie Mae and Freddie Mac, the two massive government-backed mortgage companies, are trading so lo that they’re about to be delisted.
  • when Expect both stocks to get removed from the New York Stock Exchange by July 8. They’ll trade in the the over-the-counter market instead. source

10 May 2010 09:59

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Biz: How Thursday’s “flash crash” might have happened

  • one A bunch of sell
    requests went in
    all at once. These trades were made automatically using computers.
  • two The older New York
    Stock Exchange’s
    circuit breaker went
    off – an automated
    attempt to cool off
    the market.
  • three The computers
    didn’t understand
    this, and totally
    freaked out
    because of the
    lack of buyers.
  • four The stock market
    “flash crash” sped
    up. In other words,
    one system didn’t
    understand the
    other. source

14 Oct 2009 20:37

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Biz: The New York Stock Exchange: Full of 10,000 Maniacs

  • Wow bros, we fell pretty far to get to this point. Boy, we wouldn’t have wanted to have money around March or so. We’d probably jump off a building. But today – today, we can say we’re back at 10,000. Welcome back to comfortable riches, friends. source