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Dow Industrials drops GM and Citigroup

Dow Industrials drops GM and Citigroup

Dow Jones and Company said Monday that it would be adding two new companies to its industrial average. The two companies are Travelers and Cisco Systems. Of course, when two go in the average, two have to come out.
Given the news that has happened with …

Consumer confidence reaches six month high

Consumer confidence reaches six month high

The consumer confidence level has increased at a fairly steady rate for a couple of months, but the numbers that came out today were much higher than anticipated as far as the increase goes. The Conference Board’s Consumer Confidence Index has a 14.1 point surge; …

Dow finishes below 7,000 points

For the first time in 12 years, the Dow industrial average has settled below 7,000 points to 6,763 by the end of trading today.
Standard & Poor’s 500 index also fell below the benchmark 700 point level today. It hit a level today that it hasn’t …

Wall Street makes fourth largest drop in history

Today the Dow Industrial average dropped 7.7% or almost 700 points on news today that the country is in an “official” recession; and that we have been in one since December 2007. The news also reported that the recession will last well into 2009, or …

Oil has 2 day plunge

In Asian trading markets Friday, oil stayed steady at $61 a barrel after having a 2 day drop. Oil has dropped so far because of fears of a deep recession in the United States.
Thursday, investors were dumping oil because of reports that demand for oil …