Fri, Jul 10th, 2009
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A profit warning from Chevron and a weak reading of consumer confidence weighed on stocks Friday.
Major indexes were mostly lower Friday, following a steady week of declines. The Dow Jones Industrial Average was down 59 points at 8124, hurt by a 2.8% decline in component Chevron after the oil giant said poor profits at refineries and the financial impact of a weakening U.S. dollar will damp the benefit of higher crude-oil prices in its second-quarter results.
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Roubini Comments Lift Markets
Jul 1st, 2009 - Wall Street Journal
NEW YORK -- U.S. stocks jumped Thursday on reports that prominent bearish economist Nouriel Roubini had improved his outlook for the U.S. economy -- even though "Dr. Doom" apparently hadn't changed his views at all.
Crude Oil Set for First Weekly Gain in a Month After U.S. Stocks Climb
Jul 1st, 2009 - Bloomberg
July 17 (Bloomberg) -- Crude oil rose in New York, headingfor its first weekly gain in more than a month, as globalequities climbed, restoring optimism that an economic recoverywill spur fuel demand. U.S...
IBM 2Q Results Paint A Picture Of Contrasts
Jul 1st, 2009 - Wall Street Journal
SAN FRANCISCO (Dow Jones)--International Business Machines Corp.'s (IBM) second-quarter results Thursday show some stark contrasts, particularly in its giant services business...
Stocks sputter on banks
Jul 1st, 2009 - CNNMoney
NEW YORK (CNNMoney.com) -- Stocks were mixed Thursday morning, with the banking sector in focus, as JPMorgan Chase's better-than-expected profit report was tempered by worries about lender CIT Group.
Stocks pull ahead on reassuring data
Jul 1st, 2009 - Washington Times
NEW YORK | Investors kicked off the stock market's third quarter with a moderate gain after getting some reassuring data on manufacturing and housing. The Dow Jones Industrial Average rose by 0.7 percent Wednesday...
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