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SUNDAY, NOVEMBER 8, 2009
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 MARKETS 
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Stocks Bounce, End Mixed

Stocks are up... no down... what's going on?!

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(Newser) – Stocks seesawed throughout the day, finally ending today's session mixed, with the Dow closing up. The markets struggled to rebound from serious losses sustained after Bear Stearns' fire sale; buyer JPMorgan Chase's stock closed up 11%. The Dow ended up 21.16 at 11,972.25, the Nasdaq down 35.48 at 2,177.01, and the S&P 500 down 11.54 at 1,276.70.

"I'm optimistic as to the ultimate outcome, but the failure of a major bank is something that goes beyond the isolated event and creates a great deal of systemic risk for the financial markets," one expert told CNNMoney. The dollar also hit an all-time low against the euro, and a 13-year low against the yen.

Stocks were a little nutty today.
Stocks were a little nutty today.   ((c) Fullyarmedvishnu)
breakfast cereal
breakfast cereal   ((c) .meow!.)
Stocks bounced crazily today, much like Tigger.
Stocks bounced crazily today, much like Tigger.   ((c) ConspiracyofHappiness)
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ANALYSIS

Count the US Dollar Down, But Not Out

Fears of a looming currency crash are overblown

Oct 23, 09 4:25 PM CDT
(Newser) - With the US economy in a prolonged slump and the Fed likely to keep interest rates low for the foreseeable future, many worry that a dollar crash will be the next shoe to drop. Currency pessimists can point to a 6-month decline in the dollar; this week the currency hit... More »

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globalization • currency exchange • yuan • Lehman Brothers • euro • US dollar • weak dollar • financial crisis

 Euro Cracks $1.50, 
 Dollar Hits New Lows 


Investors shun low-yielding greenback for riskier currencies

Oct 22, 09 4:00 AM CDT
(Newser) - The dollar fell below the $1.50 threshold against the euro yesterday for the first time in 14 months, as investors with renewed appetites for risk continue to abandon the greenback. The dollar is at its lowest level against six other currencies in more than a year, and foreign exchange... More »

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currency • exchange rate • euro • US dollar • weak dollar

JPMorgan Earns $3.6B, Despite Loan Losses

Market soars as investment profits give bank strong 3rd quarter

Oct 14, 09 9:02 AM CDT
(AP) - JPMorgan Chase reported strong third-quarter earnings today as its thriving investment banking business more than offset rising consumer loan losses that the bank warned would continue. The company, the first of the big banks to report, showed a $3.59 billion profit, or 82 cents per share. But it also... More »

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stock market • Wall Street • earnings reports • corporate earnings • financial services • financial sector • JPMorgan Chase

 Oil States Plot to Ditch Dollar 

Gulf Arabs in talks to replace greenback with mix of currencies

Oct 6, 09 1:20 AM CDT
(Newser) - The American dollar is dropping against the yen and euro amid reports that the Gulf states are planning to replace use of the greenback in oil trading in favor of a basket of mixed currencies. The Arab states are in advanced discussions with China, Russia, Japan and France to end... More »

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China • oil • currency • euro • US dollar • US currency • currency trading

 Dollar Headed for Biggest 
 Gains Since '81: Bankers 

Greenback set for 17.1% gain against euro

Jun 29, 09 8:24 AM CDT
(Newser) - The dollar is poised for its biggest advances in 28 years, according to Deutsche Bank, which predicts a 17.1% gain against the euro by the end of the year. Other banks polled by Bloomberg are similarly bullish about the greenback, which has just endured its worst quarter since 2002.... More »

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currency • exchange rate • currency exchange • euro • US dollar • weak dollar

96 Stories


Strategist: "Today's lack of panic-type selling is another sign that we could be near a bottom"
MarketWatch

More details of the Bear Stearns sale
Bloomberg


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stock market • Bear Stearns • euro • yen • US dollar • JPMorgan Chase

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