Economy Watch: October 11, 2009 - October 17, 2009
Earnings Push Stocks Down at Opening
Wall Street opened down this morning, pushed south by larger-than-expected earnings from Bank of America and so-so earnings from General Electric. In the first 15 minutes of trading, the Dow is down 78 points, or nearly eight-tenths of 1 percent,...
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Frank Ahrens
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October 16, 2009; 9:50 AM ET |
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| Tags: Dow Jones, nasdaq, s&p 500
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Sept. Industrial Production Beats Estimates
Industrial production in September rose 0.7 percent compared with 1.2 percent in August, a month-to-month falloff, but still was much higher than forecasters expected. Capacity utilization -- what percentage of the factory floor was actually working -- ticked up slightly...
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Frank Ahrens
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October 16, 2009; 9:48 AM ET |
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| Tags: Bank of America, GE, General Electric, industrial production
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I Talk Dow 10K on NewsHour
Here's the video of me on the "NewsHour" last night talking about the Dow closing above 10,000 yesterday for the first time in more than a year. Ray Suarez interviewed me. If the video doesn't show up in your browser,...
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Frank Ahrens
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October 15, 2009; 3:47 PM ET |
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| Tags: Frank Ahrens, NewsHour
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Dow Back Above 10,000
UPDATED at 3:10 p.m. After opening with a pullback from 10,000 this morning, the Dow climbed back above the five-digit barrier and then spent most of the day zig-zagging above and below the line. With a little less than an...
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Frank Ahrens
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October 15, 2009; 3:10 PM ET |
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| Tags: Dow Jones, nasdaq, s&p 500
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Inflation Up, New Jobless Claims Down to Lowest Level Since Jan.
Inflation rose 0.2 percent last month, slightly more than expected, and new jobless claims fell 10,000 to 514,000, in a raft of economic data out moments ago. It was the lowest number of new jobless claims since January. Also, continuing...
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Frank Ahrens
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October 15, 2009; 8:50 AM ET |
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| Tags: Bank of America, Goldman Sachs, J.P. Morgan Chase, inflation, jobless claims
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Dow Closes Above 10,000 For First Time In A Year
UPDATED at 4:15 p.m. The Dow closed above 10,000 moments ago, pushing above a psychological barrier it has not recorded in more than a year. The Dow briefly crossed 10,000 at about 1:15 p.m. today, then retreated, then punched above...
By
Kendra Nichols
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October 14, 2009; 4:15 PM ET |
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| Tags: 000, Dow 10, Dow Jones, nasdaq, s&p 500
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Retail Sales Slump in September
Retail sales in September suffered their largest decline since December 2008, thanks to the Cash for Clunkers hangover. Retail sales dropped 1.5 percent in September compared with August, the Commerce Department said this morning. However, if you remove vehicle sales...
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Frank Ahrens
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October 14, 2009; 9:07 AM ET |
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| Tags: export prices, import prices, retail sales
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Reaganomics vs. Obamanomics
I'm sorry I didn't get a chance to post this yesterday when it happened, but it's worth watching, so I'm posting it today. Yesterday afternoon on CNBC, there was a pretty substantive back-and-forth between CNBC host Larry Kudlow and Bruce...
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Frank Ahrens
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October 14, 2009; 9:00 AM ET |
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| Tags: Bruce Bartlett, Larry Kudlow
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Bernie Madoff Wins First Prison Fight
Bernie Madoff, serving 150 years in a North Carolina federal prison for running a multibillion-dollar Ponzi scheme, got the better end of his first prison fight, the New York Post reports. Before you get ahead of yourself, this wasn't like...
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Frank Ahrens
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October 13, 2009; 2:00 PM ET |
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| Tags: Bernie Madoff
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Cisco Keeps Buying Stuff
When Cisco chief executive John Chambers visited The Post earlier this year, he said a couple of things that stuck with me: First, he thought the economy would go into positive growth territory in the third or fourth quarter of...
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Frank Ahrens
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October 13, 2009; 12:17 PM ET |
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| Tags: Cisco, John Chambers, Starent
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Stocks Open Down on J&J Earnings
Wall Street opened down this morning following Johnson & Johnson third-quarter earnings and a big Cisco acquisition. In the first 30 minutes of trading, the Dow is down half of 1 percent. The S&P 500 is down about seven-tenths of...
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Frank Ahrens
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October 13, 2009; 10:04 AM ET |
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| Tags: Dow Jones, nasdaq, s&p 500
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Dow Hits 2009 Intraday High
The stock market ended the day mixed, with the Dow Jones industrial average and the Standard & Poor's 500-stock index closing up while the Nasdaq finished down, but the Dow hit a new 2009 intraday high before pulling back, on...
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Frank Ahrens
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October 12, 2009; 4:13 PM ET |
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Earnings to Watch This Week
Starting tomorrow, investors and traders will be hit with a flurry of important third-quarter earnings reports that ought to tell us where the corporate part of the economy is going. Alcoa, as it traditionally does, kicked off earnings season last...
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Frank Ahrens
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October 12, 2009; 12:06 PM ET |
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The Ticker
| Tags: Bank of America, Citigroup, Goldman Sachs, JP Morgan Chase, Johnson & Johnson, Ken Lewis, Vikram Pandit, earnings
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October 12, 2009
The Washington Post staff share their picks for reading around the Web. 3 Questions: Robert Solow on the Struggle Ahead MIT News | What is next for the U.S. economy--and the economics profession more generally? Robert Solow, one of...
By
Sarah Halzack
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October 12, 2009; 10:30 AM ET |
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Neil Irwin's Must Reads
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Stocks Open Up on Holiday Trading
Wall Street opened up this morning on what is expected to be a light Columbus Day trading day. In the first 15 minutes of trading, the Dow us up half of 1 percent. The broader S&P 500 is up about...
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Frank Ahrens
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October 12, 2009; 9:53 AM ET |
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| Tags: Dow Jones, nasdaq, s&p 500
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