Markets Friday, 10/17/2008

Friday, 10/17/2008

| Dow : 8852.22 down 127.04

| S & P : 940.55 down 5.88

| NASDAQ: 1711.29 down 6.42

| Bond (10Y): 3.92%, 100.56

MARKETS:
Stocks down for day, up for week
Recession fears overpower Google's earnings and Buffett's comments in
choppy session.

U.S. stocks shift lower in latest about-face

Date: Fri, 17 Oct 2008 12:02:25 -0400
U.S. stocks shift lower in latest about-face

The roller-coaster ride in equity markets continues as the major indexes
bounce between positive and negative territory, with industrials
fronting losses and the energy sector fronting gains.

Economic Report: Housing starts fall to second-lowest rate in 50 years

Construction of new homes dwindle to a 17-year low in September as home
builders move to further reduce the number of unsold homes on the market
at a time when few prospective buyers are testing the waters.

Google's shares jump after profit tops estimates

Shares of Google Inc. jump in early trading Friday, a day after the
Internet giant's third-quarter profit bested Wall Street's expectations
despite uncertainty about the health of the online advertising market
and a strengthening dollar.

Forced hedge fund selling knocks some stocks off kilter

Steel Dynamics Inc. has lost more than half its market value in the past
month, despite quarterly results that showed the company in ruddy
health.

GM, Chrysler merger talks gaining support: WSJ

Embattled auto makers General Motors Corp. and Chrysler LLC are picking
up the pace on merger talks, pushed by banks and other lenders eager to
see a deal, according to a report published Thursday.

Dow Industrials turn positive, briefly clear 9,000 level

Date: Fri, 17 Oct 2008 10:58:24 -0400

Dow Industrials turn positive, briefly clear 9,000 level
10/17/2008 10:54:33 AM

University of Michigan's consumer-confidence gauge plunges in October

Date: Fri, 17 Oct 2008 10:01:44 -0400

University of Michigan's consumer-confidence gauge plunges in October
10/17/2008 9:57:56 AM

Nasdaq sets pullback pace as U.S. stocks quickly surrender 2%

Date: Fri, 17 Oct 2008 09:35:57 -0400

Nasdaq sets pullback pace as U.S. stocks quickly surrender 2%
10/17/2008 9:32:14 AM

Housing starts tumble to 17-year low as building permits decline more than expected, signaling tough times ahead for housing.

Date: Fri, 17 Oct 2008 08:33:03 -0400

Housing starts tumble to 17-year low as building permits decline more
than expected, signaling tough times ahead for housing.

Markets Thursday, 10/16/2008

Thursday, 10/16/2008

| Dow : 8979.26 up 401.35

| S & P : 946.43 up 38.59

| NASDAQ: 1717.71 up 89.38

| Bond (10Y): 3.96%, 100.25

MARKETS:
Stocks fight back
A volatile session turns positive as lowest oil prices in a year give
investors a reason to jump back into the market.

U.S. stock indexes end higher after late rally ahead of close

Date: Thu, 16 Oct 2008 17:03:21 -0400

U.S. stock indexes end higher after late rally ahead of close

U.S. stocks shoot dramatically higher in a late-session bounce back from
the prior day's rout, with energy shares pacing the climb after the
price of crude drops below $70 a barrel for the first time in more than
a year.

Google beats estimates with profit gain

Google Inc. posts fiscal third-quarter profit that generally beats
forecasts, bucking low expectations for the results based on general
uncertainty about the health of the online advertising market and a
strengthening dollar.

MarketWatch First Take: Yahoo shareholders must be crying 'Please!' to
Ballmer

Poor Yahoo shareholders, grasping for any way to lift themselves out of
their doldrums. Loose comments from Microsoft CEO Steve Ballmer have
caused a rally on the shares - and serves as a reminder of how far they
have fallen.

Morgan Stanley CEO calls for global industry oversight

Morgan Stanley CEO John Mack says that he thinks the securities business
and financial-services industry need to be overseen or regulated by a
global authority.

U.S.: AIG draws an additional $12 billion from original $85 billion line of credit. Total used so far: $82.9 billion.

Date: Thu, 16 Oct 2008 16:32:05 -0400

U.S.: AIG draws an additional $12 billion from original $85 billion line
of credit. Total used so far: $82.9 billion.

Google reports earnings that beat estimates, sales in line with projections. Stock up after-hours.

Date: Thu, 16 Oct 2008 16:06:04 -0400

Google reports earnings that beat estimates, sales in line with
projections. Stock up after-hours.

Wall Street jumps, with the Dow ending about 400...

Date: Thu, 16 Oct 2008 16:02:08 -0400

Wall Street jumps, with the Dow ending about 400 points higher, as
investors flee a battered oil market and test the water in stocks.

Dow surges over 200 points with about 45 minutes remaining in the session as oil prices close at lowest level in more than 13 months.

Date: Thu, 16 Oct 2008 15:14:03 -0400

Dow surges over 200 points with about 45 minutes remaining in the
session as oil prices close at lowest level in more than 13 months.

Oil settles $4.69 lower to $69.85 a barrel - lowest price in more than 13 months - as economic slowdown spooks traders.

Date: Thu, 16 Oct 2008 14:54:05 -0400

Oil settles $4.69 lower to $69.85 a barrel - lowest price in more than
13 months - as economic slowdown spooks traders.

Dow industrials up 100 points

Date: Thu, 16 Oct 2008 12:27:45 -0400

Dow industrials up 100 points
10/16/2008 12:23:53 PM

Markets erase losses and briefly turn positive as oil dips below $70 a barrel.

Date: Thu, 16 Oct 2008 12:20:21 -0400

Markets erase losses and briefly turn positive as oil dips below $70 a
barrel.

U.S. stock indexes erase gains after downbeat data

Date: Thu, 16 Oct 2008 12:02:23 -0400
U.S. stock indexes erase gains after downbeat data

U.S. stocks on Thursday pulled firmly lower, extending the prior day's
rout, after a measure of factory activity in the Philadelphia region
swung sharply lower, offsetting earlier cheer on data showing tame
inflation in September. .

Economic Report: Consumer prices unchanged; energy prices fall

U.S. consumer prices are unchanged in September, while the core rate
rises just 0.1%, according to the Labor Department.

Futures Movers: Oil futures drop below $70 on economic worry, rising
U.S. supply

Oil futures drop below $70 per barrel for the first time in 14 months as
fears that a global economic recession will slash demand for oil
combined with three week's worth of rising U.S. crude and gasoline
supplies to set prices up for a third-straight session of declines.

EBay shares fall as economy, restructuring takes toll on forecast

Shares of eBay Inc. lose more ground after the company swings to a
third-quarter profit, but issues a disappointing forecast for the
current period.

Citigroup posts nearly $3 billion loss amid more write-downs

Citigroup Inc., the troubled banking giant, reported its fourth straight
quarterly loss on Thursday amid continuing write-downs for soured
investments.

Oil tumbles below $70 a barrel for the first time in more than a year on inventory strength and a weak economy. Update soon.

Date: Thu, 16 Oct 2008 11:48:03 -0400

Oil tumbles below $70 a barrel for the first time in more than a year on
inventory strength and a weak economy.

Oil prices fall sharply after government reports bigger-than-expected jump in crude and gasoline inventories.

Date: Thu, 16 Oct 2008 11:03:03 -0400

Oil prices fall sharply after government reports bigger-than-expected
jump in crude and gasoline inventories.

Dow industrials down 300 points

Date: Thu, 16 Oct 2008 11:05:05 -0400

Dow industrials down 300 points
10/16/2008 11:01:15 AM

Mortgage rates surge to 6.46% this week - the largest weekly increase in 21 years - Freddie Mac reports.

Date: Thu, 16 Oct 2008 10:02:09 -0400

Mortgage rates surge to 6.46% this week - the largest weekly increase in
21 years - Freddie Mac reports.

Stocks open higher - a day after a rout - after an upbeat reading on consumer prices offsets losses from Citi and Merrill.

Date: Thu, 16 Oct 2008 09:32:09 -0400

Stocks open higher - a day after a rout - after an upbeat reading on
consumer prices offsets losses from Citi and Merrill.

Government reports new claims for unemployment declined more than expected last week, Dow Jones reports.

Date: Thu, 16 Oct 2008 08:34:04 -0400

Government reports new claims for unemployment declined more than
expected last week, Dow Jones reports.

Industrial production drops dramatically in September, largely due to ....

Date: Thu, 16 Oct 2008 09:23:05 -0400

Industrial production drops dramatically in September, largely due to
disruptions from hurricanes and Boeing strike.

U.S. consumer prices contained in September; core CPI rate up 0.1%

Date: Thu, 16 Oct 2008 08:35:14 -0400

U.S. consumer prices contained in September; core CPI rate up 0.1%
10/16/2008 8:31:25 AM

Markets Wednesday, 10/15/2008

Wednesday, 10/15/2008

| Dow : 8577.91 down 733.08

| S & P : 907.84 down 90.17

| NASDAQ: 1628.33 down 150.68

| Bond (10Y): 3.95%, 100.31

MARKETS:
Another huge Dow loss
Blue-chip indicator drubbed 733 points - 2nd biggest point loss ever -
as recession fears resurface.

U.S. stocks slammed again; economic data come in bleak

Date: Wed, 15 Oct 2008 17:02:57 -0400
U.S. stocks slammed again; economic data come in bleak

Stocks fall sharply, with the Dow Jones Industrial Average sliding more
than 700 points, battered by evidence a painful recession is already
under way and overshadowing progress in shoring up the global financial
system.

International strength boosts Coca-Cola's profit

As Coca-Cola's third-quarter profit rises 14%, fueled by international
growth, investors make shares of the beverage giant one of the few
winners within the Dow Jones Industrial Average.

Economic Report: Retail sales tumble 1.2%, capping worst quarter in
decade

U.S. retail sales fell 1.2% in September, the worst drop in three years
and the third decline in a row, a further sign that the economy has sunk
into a recession led by an exhausted consumer.

J.P. Morgan Chase profit tumbles; CEO cautions on outlook

J.P. Morgan Chase's third-quarter net income falls 84%, amid the worst
banking environment in about 70 years, and the firm cautions that
earnings would remain weak for several quarters to come.

Crude closes below $75 a barrel for the first time since August 2007

Date: Wed, 15 Oct 2008 15:01:27 -0400

Crude closes below $75 a barrel for the first time since August 2007
10/15/2008 2:57:34 PM

U.S. indexes beaten down 8% to 9%; Dow suffers another 700-plus point loss

Date: Wed, 15 Oct 2008 16:07:28 -0400

U.S. indexes beaten down 8% to 9%; Dow suffers another 700-plus point
loss
10/15/2008 4:03:12 PM

U.S. stocks dragged lower at the start amid recession worries

Date: Wed, 15 Oct 2008 12:02:23 -0400
U.S. stocks dragged lower at the start amid recession worries

U.S. stocks dropped at the start on Wednesday after data underlined a
recession is likely to come or is already under way, dispelling any
optimism on better-than-forecast results from the Coca-Cola Co., Intel
Corp. and J.P. Morgan Chase.

Crude falls below $75 a barrel on economic jitters, OPEC update

Crude-oil futures plunge 4% in electronic trading, as traders sell amid
worries that the global financial crisis will spell a sharp slowdown in
economic growth and thus pinch energy demand.

International strength boosts Coca-Cola's profit

As Coca-Cola's third-quarter profit rises 14%, fueled by international
growth, investors make shares of the beverage giant one of the few
winners within the Dow Jones Industrial Average. S

Economic Report: Retail sales tumble 1.2%, capping worst quarter in
decade

U.S. retail sales fell 1.2% in September, the worst drop in three years
and the third decline in a row, a further sign that the economy has sunk
into a recession led by an exhausted consumer.

J.P. Morgan Chase profit tumbles; CEO cautions on outlook

J.P. Morgan Chase's third-quarter net income falls 84%, amid the worst
banking environment in about 70 years, and the firm cautions that
earnings would remain weak for several quarters to come. .

Dow sinks 400 points as recession fears gain momentum and investors pull back.

Date: Wed, 15 Oct 2008 12:26:03 -0400

Dow sinks 400 points as recession fears gain momentum and investors pull
back.

Breaking News: Madonna, Guy Ritchie to divorce

Date: Wed, 15 Oct 2008 10:10:49 -0500

LONDON (AP) - Madonna's spokeswoman says the singer and her husband,
filmmaker Guy Ritchie, will divorce after 7 1/2 years together.

U.S. stock benchmarks open down more than 1%; Dow skids 100-plus points

Date: Wed, 15 Oct 2008 09:36:02 -0400

U.S. stock benchmarks open down more than 1%; Dow skids 100-plus points
10/15/2008 9:31:59 AM

Markets Tuesday, 10/14/2008

Tuesday, 10/14/2008

| Dow : 9310.99 down 76.62

| S & P : 998.01 down 5.34

| NASDAQ: 1779.01 down 65.24

|Bond (10Y): 4.07%, 99.34

MARKETS:
Stocks: No staying power
Wall Street retreats, unable to sustain historic rally,with the
tech-heavy Nasdaq hit hardest.

Breaking News

Date: Tue, 14 Oct 2008 14:12:27 -0700

The mother of missing Florida toddler Caylee Anthony has been indicted
on a first-degree murder charge, prosecutors say.

U.S. stocks close lower, led by tech; financials extend gains

Date: Tue, 14 Oct 2008 17:03:18 -0400
U.S. stocks close lower, led by tech; financials extend gains

U.S. stocks tilt lower as cheer over the government's plan to invest
billions in banks gives way to worries over the economy, which
especially dents shares in the consumer-discretionary and technology
sectors.

U.S. to give $250 billion to banks and take ownership stakes

Treasury Secretary Henry Paulson announces an extraordinary investment
by the federal government in the American banking system on Tuesday,
laying out an unprecedented plan to give $250 billion to banks to repair
the faltering financial system and get lending started again.

Libor rates show money-market tensions easing

Short-term lending rates are easing, offering more evidence that massive
government bailouts and wide-ranging debt and deposit guarantees have
started to thaw frozen credit markets.

Futures Movers: Oil drops more than 3% on view of softer consumption

Oil prices close below $80 per barrel as expectations were left largely
intact that the financial crisis will hasten a decline in consumption,
even in light of massive efforts to revive credit markets.

Exchange rate, consumer-product sales lift Johnson & Johnson

Johnson & Johnson reports higher third-quarter earnings, boosted in part
by a favorable foreign-exchange rate and solid sales growth for its
consumer products. J&J's blue-chip shares trade higher.

U.S. stocks finish lower; Nasdaq paces decline, down 3.5%

Date: Tue, 14 Oct 2008 16:06:59 -0400

U.S. stocks finish lower; Nasdaq paces decline, down 3.5%
10/14/2008 4:03:10 PM

Oil prices settle $2.56 lower to $78.63 a barrel after news of the U.S. bank intervention fails to lift recession fears.

Date: Tue, 14 Oct 2008 14:51:04 -0400

Oil prices settle $2.56 lower to $78.63 a barrel after news of the U.S.
bank intervention fails to lift recession fears.

Dow reverses course, slumps 200 points as enthusiasm for bailout plan wanes.

Date: Tue, 14 Oct 2008 14:20:21 -0400

Dow reverses course, slumps 200 points as enthusiasm for bailout plan
wanes.

U.S. stocks turn mixed; Nasdaq dips into the red

Date: Tue, 14 Oct 2008 12:02:24 -0400
U.S. stocks turn mixed; Nasdaq dips into the red

U.S. stocks rock higher at the open but then turn mixed as Nsasdaq slips
into negative territory, as investors reconsider the wisdom of bidding
shares higher in the wake of Monday's stunning gains.

U.S. to give $250 billion to banks and take ownership stakes

Treasury Secretary Henry Paulson announces an extraordinary investment
by the federal government in the American banking system on Tuesday,
laying out an unprecedented plan to give $250 billion to banks to repair
the faltering financial system and get lending started again. .

Libor rates show money-market tensions easing

Short-term lending rates are easing, offering more evidence that massive
government bailouts and wide-ranging debt and deposit guarantees have
started to thaw frozen credit markets.

Exchange rate, consumer-product sales boost Johnson & Johnson

Johnson & Johnson reports higher third-quarter earnings, boosted in part
by a favorable foreign-exchange rate and solid sales growth for its
consumer products. See

Asia Markets: Nikkei bounces back to end up a record 14.2%

Japanese stocks jump Tuesday, with the benchmark Nikkei 225 Average
ending 14.2% higher, the biggest single-day advance on record, as
financials and exporters soar after U.S. indexes post a double-digit
surge overnight.

Dow industrials turn lower, erasing earlier 400-point gain; Nasdaq down 2.4%.

Date: Tue, 14 Oct 2008 10:45:19 -0400

Dow industrials turn lower, erasing earlier 400-point gain; Nasdaq down
2.4%.

Stocks rally at open - Dow surges 350 points in first two minutes...

Date: Tue, 14 Oct 2008 09:34:03 -0400

Stocks rally at open - Dow surges 350 points in first two minutes -
after government details extensive financial system bailout,

Treasury says it will use $250 billion to buy...

Date: Tue, 14 Oct 2008 08:35:06 -0400

Treasury says it will use $250 billion to buy preferred shares in banks.
Terms: exec pay restrictions, stockholders to get paid back.

Japan's Nikkei 225 opens 131 points, or 1.6%, higher

Date: Mon, 13 Oct 2008 20:06:19 -0400

Japan's Nikkei 225 opens 131 points, or 1.6%, higher
10/13/2008 8:02:29 PM

U.S. set to buy bank equity stakes worth $250 billion: WSJ

Date: Mon, 13 Oct 2008 17:50:50 -0400

U.S. set to buy bank equity stakes worth $250 billion: WSJ
10/13/2008 5:47:07 PM

Markets Monday, 10/13/2008

Monday, 10/13/2008

| Dow : 9387.61 up 936.42

| S & P : 1003.35 up 104.13

| NASDAQ: 1844.25 up 194.74

| Bond (10Y): 3.88%, 100.97

MARKETS:
Raging bulls
Dow jumps 936 points in biggest point gain ever. Dow, S&P, Nasdaq all
gain over 11%.

U.S. stocks rally sharply in cheering global rescue plans

Date: Mon, 13 Oct 2008 17:03:10 -0400
U.S. stocks rally sharply in cheering global rescue plans

U.S. stocks spring back to life, with the Dow Jones Industrial Average
on track for its largest daily jump ever, with shares of General Motors
buoyed by merger talk amid a widespread global rally after government
actions to heal the financial system. .

Global efforts to rescue banking system gather force

Global efforts to rescue the international banking system gather force,
with Europe leading the way to provide funding and guarantees aimed at
calming the nerves of consumers and investors.

Tech Stocks: Nasdaq surges to second-best day on record, boosting tech
stocks

The Nasdaq Composite Index turns in its second-best day on record by
surging nearly 12% by the closing bell following a bruising sell-off the
week before.

Morgan Stanley shares rally on revised Mitsubishi UFJ deal

Morgan Stanley has wrapped up a revised deal with Japan's Mitsubishi
Financial Group. It would give Morgan Stanley badly needed capital after
enduring a massive stock decline last week on concerns over its future.

Democrats work on economic plan as election nears

With congressional and presidential elections fast approaching and Sens.
Barack Obama and John McCain tussling over the economy, congressional
Democrats call for a new economic-recovery package.

Dow gains 500 points as global action to combat financial crisis renews confidence.

Date: Mon, 13 Oct 2008 11:28:04 -0400

Dow gains 500 points as global action to combat financial crisis renews
confidence.

U.K. government to inject $63 billion into three banks, demands no cash bonuses

Date: Mon, 13 Oct 2008 02:44:31 -0400

U.K. government to inject $63 billion into three banks, demands no cash
bonuses
10/13/2008 2:40:45 AM

Stocks rally - Dow up 350 points - as investors cheer global response to crisis, including bank guarantees and capital infusions.

Date: Mon, 13 Oct 2008 09:34:05 -0400

Stocks rally - Dow up 350 points - as investors cheer global response to
crisis, including bank guarantees and capital infusions.

Asian markets gain in early trading as banks rebound; Japan closed for holiday

Date: Sun, 12 Oct 2008 20:41:22 -0400

Asian markets gain in early trading as banks rebound; Japan closed for
holiday
10/12/2008 8:37:37 PM