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Dow makes a comeback

After 8 days of unfortunate news coming from Wall Street, the markets made a come back today. The Dow Industrial average soared 936 points to close at 9387.
A lot of the come back can be attributed to the European union’s announcement to pump $2 …

Fed approves Wells Fargo’s purchase of Wachovia.

Sunday afternoon the Federal Reserve ok’d Wells Fargo’s takeover of Wachovia. The announcement was made unusually on a Sunday because tomorrow when the markets open perhaps the news would help stabilize the markets rather than having another record Monday drop.
The last two Mondays have …

Wall Street falls for the fifth straight day.

The Dow Industrial Average fell another 500 points today ending at below 9,500 points.
Like a broken record, the news is reporting that the fall in the markets is due to credit worries. Now the credit crisis has seeped into foreign markets.
The S&P financial sub-index …