Monthly Archives: August 2011

Crude Oil Slightly Higher –

Crude oil finished slightly higher in trading on Friday and closed at $85.37 a barrel.  Traders closely watched comments by Federal Reserve Chairman Ben Bernanke which indicated that the Fed stands ready to implement stimulus programs if needed.  Gasoline traded lower … Continue reading

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Apple CEO Steve Jobs Resigns –

Steve Jobs resigned from Apple and COO Tim Cook will be his replacement.  Steve Jobs has been on medical leave since January 17th.  Analysts do not expect the resignation to slow product launches by Apple.  Shares of Apple fell 7 percent … Continue reading

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Gold Hits $1,900 –

Gold reached the $1,900 an ounce mark in trading Monday afternoon.  The price of Gold was only $1,800 an ounce two weeks ago.  Gold may continue to rise as global recessionary concerns rise.  The increase in gold prices over the last ten years … Continue reading

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Commodities Rebound –

Stocks continued to decline at the end of the week but commodities started to rebound.  Growth projections for developing countries increased demand for raw materials.  Commodities advancing at the end of the trading week were silver, cooper, gold, and gasoline.  Gold finished … Continue reading

Posted in Banking, Economic News, Gasoline, General, Investments, Metals, Natural Gas, Oil, Options & Futures, Stocks, Trading | Leave a comment

Crude Oil Falls On Growth Outlook –

Crude oil fell $1.23 and closed at $86.65 a barrel.  The weak economic outlook has lowered demand forecasts in a market that is already well supplied.  In addition, GDP for European zone economies only grew .2% in the second quarter.  The U.S. Dollar also increased … Continue reading

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Dow Finishes Up –

The Dow Jones finished up 125 points on Friday but was still down 1.5% for the week.  Trading was very volatile all week with the Dow Jones moving 400 or more points on four consecutive days.  Gold touched $1,800 an ounce … Continue reading

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Stocks & Oil Tumble –

The Dow Jones Industrial Average fell over 600 points in trading on Monday.  The downgrade of U.S. debt and concerns for the global economy continued to drive the market lower throughout the day.  Crude oil also fell in trading and finished … Continue reading

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U.S. Debt Downgraded –

Standard and Poor’s lowered the U.S. credit rating to AA+ and also attached a negative outlook.  The U.S. has held a triple A credit rating for 70 years and the downgrade is likely to have a negative effect on the financial markets.  … Continue reading

Posted in Banking, Bonds, Currency, Economic News, Federal Reserve, General, Interest Rates, Regulatory, Stocks, Tax, Trading, Treasury | Leave a comment

Stock Market Slammed –

The Dow Jones fell more than 500 points on Thursday and has fallen 8 of the last 9 trading days.  The 500 point drop is the worst one day decline since December 2008.  Almost 15 stocks fell for every stock that rose on … Continue reading

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Manufacturing Slows –

According to the Institute for Supply Management, national factory activity fell to the lowest level since July 2009.  The index came in at 50.9 which was four points lower than economists had expected.  The report sent stocks lower and the … Continue reading

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