The Financial Markets February-2nd 2009
Stocks Pare Losses in Late Trading; Dow Closes Below 8,000- AP
Investors worrying about a deepening recession have been cherry-picking stocks, sending tech shares higher and financials and blue chips lower. The market's concerns Monday focused on two fronts: the economic stimulus proposal that is now before the Senate, and a possible plan to give further aid to the nation's banks.
Personal bankruptcies surged to more than 1 million filings in the United States in 2008 -- the most since a rewrite of bankruptcy laws went into effect in 2005.
Filings of Chapter 7 and Chapter 13 bankruptcies rose 33% in 2008 as the economy worsened, according to data from U.S. bankruptcy courts and compiled by bankruptcy data firm Automated Access to Court Electronic Records. Chapter 13 bankruptcy allows people to pay off debts under a three- to five-year plan; Chapter 7 bankruptcy allows for a discharge of all debts.U.S. stocks close mainly off; technology boosts Nasdaq
January could mark new low for retail sales data
U.S. stocks ended mixed on Monday after investors bought technology shares, leaving the technology-laden Nasdaq Composite up more than 1%. The Dow Jones Industrial Average ($INDU:Dow Jones Industrial Average
Last: 7,936.75-64.11-0.80%
$INDU 7,936.75, -64.11, -0.8%) fell 64.11 points to 7,936.76. The S&P 500 ($SPX:S&P 500 Index
News , chart , profile , more
Last: 825.44-0.44-0.05%
$SPX 825.44, -0.44, 0.0%) lost half a point to 825.41, while the Nasdaq (COMP:Nasdaq Composite Index
Last: 1,494.43+18.01+1.22%
COMP 1,494.43, +18.01, +1.2%) advanced 18.01 points to finish at 1,494.43
http://finance.yahoo.com/
http://moneycentral.msn.com/home.asphttp://www.marketwatch.com/news/story/us-stocks-close-mainly-off/story.aspx?guid=%7BE0A154C7-C62A-4409-A169-BDBB718AF3BA%7D&dist=msr_2
Investors worrying about a deepening recession have been cherry-picking stocks, sending tech shares higher and financials and blue chips lower. The market's concerns Monday focused on two fronts: the economic stimulus proposal that is now before the Senate, and a possible plan to give further aid to the nation's banks.
Personal bankruptcies surged to more than 1 million filings in the United States in 2008 -- the most since a rewrite of bankruptcy laws went into effect in 2005.
Filings of Chapter 7 and Chapter 13 bankruptcies rose 33% in 2008 as the economy worsened, according to data from U.S. bankruptcy courts and compiled by bankruptcy data firm Automated Access to Court Electronic Records. Chapter 13 bankruptcy allows people to pay off debts under a three- to five-year plan; Chapter 7 bankruptcy allows for a discharge of all debts.U.S. stocks close mainly off; technology boosts Nasdaq
January could mark new low for retail sales data
U.S. stocks ended mixed on Monday after investors bought technology shares, leaving the technology-laden Nasdaq Composite up more than 1%. The Dow Jones Industrial Average ($INDU:Dow Jones Industrial Average
Last: 7,936.75-64.11-0.80%
$INDU 7,936.75, -64.11, -0.8%) fell 64.11 points to 7,936.76. The S&P 500 ($SPX:S&P 500 Index
News , chart , profile , more
Last: 825.44-0.44-0.05%
$SPX 825.44, -0.44, 0.0%) lost half a point to 825.41, while the Nasdaq (COMP:Nasdaq Composite Index
Last: 1,494.43+18.01+1.22%
COMP 1,494.43, +18.01, +1.2%) advanced 18.01 points to finish at 1,494.43
http://finance.yahoo.com/
http://moneycentral.msn.com/home.asphttp://www.marketwatch.com/news/story/us-stocks-close-mainly-off/story.aspx?guid=%7BE0A154C7-C62A-4409-A169-BDBB718AF3BA%7D&dist=msr_2
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