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2009-09-24 09:11:03

U.S. markets wavered Thursday morning after a downturn in the previous trading session prompted by the Federal Reserve Bank. The Fed's announcement Wednesday that it would maintain key lending rates at zero to 0.25 percent triggered a late afternoon drop in U.S. indexes, the Dow Jones industrial average closing 81 points down after spending most of the day in positive territory. In midmorning trading Thursday, the DJIA gained 0.07 percent, 6.88 points, to 9,755.43. The Standard & Poor's...

2009-09-23 15:59:40

U.S. markets dove late in the trading session after the U.S. Federal Reserve said it would keep lending rates unchanged. The Fed left bank-to-bank lending rates at zero to 0.25 percent and said it would maintain its goal of buying $1.25 trillion in mortgage-backed securities and agency debt. Although the Fed said economic activity has picked up following it severe downturn, the announcement sent stocks sharply downward. The Dow Jones industrial average, within 100 points of 10,000 at 3 p.m.,...

2009-09-23 09:28:45

U.S. markets were slightly higher in advance of a U.S. Federal Reserve monetary policy decision scheduled Wednesday afternoon. Few expect the Fed will change the zero to 0.25 percent bank-to-bank lending rates at this time. The Fed has signaled it will take a cautious approach backing away from extraordinary measures it took to keep financial systems solvent through the economic downturn. In midmorning trading, the Dow Jones industrial average added 5.90 points, 0.06 percent, to 9,835.77. The...

2009-09-22 12:37:13

U.S. markets turned higher Tuesday morning, after an expected slowdown hit Monday with investors concerned a long run up was due to hit a speed bump. Home prices rose slightly in July, the Federal Housing Finance Agency said Tuesday, up 0.3 percent over June. The International Council of Shopping Centers-USB said sales fell 2 percent in the week ending Sept. 19, although they were up 0.6 percent from the same week a year ago. In early afternoon trading, the Dow Jones industrial average gained...

2009-09-22 15:41:31

U.S. markets were higher Tuesday following Monday's slowdown on investor concerns a long run up was due to hit a speed bump. Home prices rose slightly in July, the Federal Housing Finance Agency said Tuesday, up 0.3 percent over June. The International Council of Shopping Centers-USB said sales fell 2 percent in the week ending Sept. 19, although they were up 0.6 percent from the same week a year ago. By close, the Dow Jones industrial average gained 51.01 points, 0.52 percent, to 9,829.87....

2009-09-22 08:55:37

U.S. markets turned higher Tuesday morning, after an expected slowdown hit Monday with investors concerned a long run up was due to hit a speed bump. In midmorning trading, the Dow Jones industrial average gained 37.26 points, 0.38 percent, to 9,812.55. The Standard & Poor's 500 rose 0.52 percent, 5.53 points, to 1,070.19. The Nasdaq composite added 9.33 points, 0.44 percent, to 2,147.37. The benchmark 10-year Treasury rose 2/32 to yield 3.474 percent. The euro rose to $1.4797 from...

2009-09-21 12:20:43

U.S. markets slipped Monday as investors worried an extended rally may have become overextended. In early afternoon trading, the Dow Jones Industrial Average lost 52.68 points, 0.54 percent, 9,767.52. The Standard & Poor's 500 lost 5.88 points, 0.55 percent, to 1,062.42. The Nasdaq composite index shed 0.57 points, 0.03 percent, to 2,132.45. The DJIA has gained more than 45 percent since mid-March. Since July, the DJIA has gained an average 33 points per day. Analysts say markets can...

2009-09-21 15:37:30

U.S. markets closed mixed Monday as investors worried an extended rally may have become overextended. The Dow Jones Industrial Average closed down 41.34 points, 0.42 percent, 9,778.86. The Standard & Poor's 500 lost 3.64 points, 0.34 percent, to 1,064.66. The Nasdaq composite index added 5.18 points, 0.24 percent, to 2,138.04. The DJIA has gained more than 45 percent since mid-March. Since July, the DJIA has gained an average 33 points per day. Analysts say markets can climb too far, too...

2009-09-21 09:34:24

U.S. markets slipped early Monday as investors worried an extended rally may have become overextended. In midmorning trading, the Dow Jones Industrial Average lost 75.65 points, 0.77 percent, 9,744.55. The Standard & Poor's 500 lost 7.86 points, 0.74 percent, to 1,060.44. The Nasdaq composite index shed 7.76 points, 0.36 percent, to 2,125.10. The DJIA has gained more than 45 percent since mid-March. Since July, the DJIA has gained an average 33 points per day. Analysts say markets can...

2009-09-18 15:40:18

U.S. markets advanced Friday after the Federal Reserve said household wealth grew in the second quarter for the first time in nearly two years. The biggest boost to household wealth was a 21.7 percent rise in stock values between April and July, the Fed said. By close, the Dow Jones industrial average added 36.28 points, 0.37 percent, to 9,820.20. The Standard & Poor's 500 added 2.81 points, 0.26 percent, to 1,068.30. The Nasdaq composite index rose 0.29 percent, 6.11 points, to...


Word of the Day
humgruffin
  • A terrible or repulsive person.
Regarding the etymology of 'humgruffin,' the OED says (rather unhelpfully) that it's a 'made-up word.' We might guess that 'hum' comes from 'humbug' or possibly 'hum' meaning 'a disagreeable smell,' while 'gruffin' could be a combination of 'gruff' and 'griffin.'