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20 May 2010 20:04

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Biz: Stocks are in an even bigger correction mode than Rand Paul

  • 376 the Dow Jones’s loss today, the biggest this year source
  • » Is it a correction? Yes, yes it is. The Dow has fallen 10 percent since its April highs, meaning, by any technical definition, that it’s a correction. source
Posted by Ernie Smith • 0 Comments • Permalink

14 May 2010 10:55

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Biz: Credit-card makers hit hard by the Senate’s debit-card changes

  • -8.5% decline in Visa’s stock since the Senate passed the changes last night
  • -7.5% decline in MasterCard’s stock; the amendment limits card fees source
  • » Other companies: Visa and MasterCard felt it the worst, but they weren’t alone. American Express and Capital One also fell sharply in trading this morning due to the amendment’s unexpected passage, which limits the fees card companies can charge merchants. It still needs to go through the House as part of the broader financial reform bill.
Posted by Ernie Smith • 0 Comments • Permalink

10 May 2010 10:50

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Biz: Europe’s debt response gave U.S. stocks the bounceback they needed

  • 3.6% the current increase for the Dow Jones Industrial
  • 3.98% the boost for the S&P 500 thanks to Europe’s debt crisis response
  • 4.29% the current increase for the Nasdaq; this matches global markets source
Posted by Ernie Smith • 0 Comments • Permalink

10 May 2010 10:08

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Biz: As expected, the market loved Europe’s response to the debt crisis

  • 3% the worldwide stock increase after Europe put its full financial might behind the debt crisis
  • 2% the amount the Euro gained on the dollar; in recent days, it had been floundering source
Posted by Ernie Smith • 0 Comments • Permalink

07 May 2010 21:45

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Biz: Stock market: All the gains this year, gone, and then some

  • 7.4% the Dow’s decline from its peak this year
  • 8.7% the S&P 500’s decline from its April peak
  • 10.5% the Nasdaq’s decline; it’s in a correction source
  • » Today’s action: It wasn’t much better than yesterday, honestly. The market bounced back and forth all morning before staying firmly in the down column. The Dow lost 140 points today, or 1.3 percent of its value. Sucks to own stocks, doesn’t it? source
Posted by Ernie Smith • 4 Comments • Permalink

06 May 2010 20:29

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Biz: A traders’ whodunit; which idiot #(&@(* up the stock market?

  • what In a five-minute period,
    the Dow Jones Industrial
    went down by nearly a
    thousand points.
  • why It’s been suggested that
    a trader hit the wrong
    button and sold WAAAY
    too many stocks.
  • who Good question; some are
    pointing the finger at
    Citigroup, but whoever it
    was is fired. source
Posted by Ernie Smith • 0 Comments • Permalink

06 May 2010 20:22

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Biz: While we were out: The stock market has a huge buttcrack, guys

What the heck happened, stock market’s butt? Falling nearly a thousand points in a five-minute period is just sad. And we KNOW you’re gonna blame it on Greece, too. source
Posted by Ernie Smith • 0 Comments • Permalink
 

04 May 2010 22:52

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Biz: The Dow lost a big chunk of its recent winning streak today

  • 15% amount the Dow gained over an eight-week period until last week
  • 2% amount the Dow lost over an eight-hour period earlier today source
  • » Why the slide? Investors are looking at Greece’s massive debt problems and seeing the possibility that this could happen in the U.S. and other countries. Dudes are getting nervous.
Posted by Ernie Smith • 0 Comments • Permalink

22 Apr 2010 20:13

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Tech: Microsoft’s great quarter not amazing; Wall Street whines loudly

  • +6% Microsoft’s boost in sales this quarter, a new record for the company
  • +35% Microsoft’s rise in income this quarter, great but not eye-popping
  • -4.5% fall in share prices after the news; where’s the love, guys? source
Posted by Ernie Smith • 0 Comments • Permalink

16 Apr 2010 11:18

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Biz: Goldman Sachs’ stocks look like a waterfall this morning

Posted by Ernie Smith • 0 Comments • Permalink
 
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