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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Economy Watch: October 18, 2009 - October 24, 2009

Third-quarter earnings scorecard: Amazon blows socks off Wall Street, Whirlpool circles drain

UPDATED on Friday at 5:13 p.m. On Sunday, I wrote about why quarterly corporate earnings -- currently coming out -- are so important. You can click here to read that story. (Note: Most companies are issuing third-quarter earnings but some,...

By Frank Ahrens  |  October 23, 2009; 5:13 PM ET  |  Permalink  |  Comments (1)
Categories:  The Ticker  | Tags: 3M, AT&T, Amazon, Apple, Boeing, Caterpillar, Coca-Cola, Coke, McDonald's, Miller Tabak, Morgan Stanley, Muhtar Kent, Peter Boockvar, Wells Fargo, Whirlpool, eBay  
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Sept. existing home sales jump 9.4%

Sales of existing homes took a big, surprise jump in September, rising 9.4 percent compared with August, reaching their highest level since July 2007, according to the National Association of Realtors in numbers released moments ago. Sales dropped 2.9 percent...

By Frank Ahrens  |  October 23, 2009; 10:42 AM ET  |  Permalink  |  Comments (4)
Categories:  The Ticker  | Tags: existing home sales, home sales  
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Stocks open mixed following strong earnings

Wall Street opened mixed this morning, following yesterday's blowout Amazon earnings and this morning's solid Microsoft earnings. In the first 15 minutes of trading, the Dow and the broader S&P 500 are both just underwater while the tech-heavy Nasdaq is...

By Frank Ahrens  |  October 23, 2009; 9:50 AM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Amazon, Dow Jones, Microsoft, nasdaq, s&p 500  
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Stocks off after mixed jobs, earnings news

Wall Street opened off this morning following some mixed economic news. New jobless claims were higher than expected, but big companies reported strong third-quarter earnings. In the first 30 minutes of trading, the Dow is down two-tenths of 1 percent....

By Frank Ahrens  |  October 22, 2009; 10:15 AM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Dow Jones, nasdaq, s&p 500  
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D.C. leads nation in percentage of jobs lost in September

Washington D.C. had the highest percentage rise in unemployment in September, with the jobless rate jumping from 11.1 percent to 11.4 percent, the Labor Department's Bureau of Labor Statistics reported moments ago in its monthly state-by-state jobless report. New York...

By Frank Ahrens  |  October 21, 2009; 10:14 AM ET  |  Permalink  |  Comments (9)
Categories:  The Ticker  | Tags: joblessness, unemployment  
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Stocks open up slightly on mixed earnings news

Wall Street opened up slightly on mixed corporate earnings news. In the first 20 minutes of trading, the Dow is just barely above water. The broader S&P 500 is up two-tenths of 1 percent, and the tech-heavy Nasdaq is up...

By Frank Ahrens  |  October 21, 2009; 9:53 AM ET  |  Permalink  |  Comments (1)
Categories:  The Ticker  | Tags: Boeing, Dow Jones, Morgan Stanley, Wells Fargo, nasdaq, s&p 500  
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October 20, 2009

The Washington Post staff share their picks for reading around the Web. The Dollar and the Deficits Foreign Affairs | C. Fred Bergsten makes the case that the decline of the dollar is necessary to rebalancing the world economy...

By Sarah Halzack  |  October 20, 2009; 12:05 PM ET  |  Permalink  |  Comments (0)
Categories:  Neil Irwin's Must Reads  
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Kashkari: 'We didn't know our programs would work'

Neel Kashkari, Treasury's former $700 Billion Man -- the official in charge of handing out last year's government TARP bailout -- just gave an interview to CNBC's John Harwood, one of Kashkari's first since leaving office. "We didn't know that...

By Frank Ahrens  |  October 20, 2009; 10:55 AM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Hank Paulson, Neel Kashkari, TARP, bailout  
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Stocks retreat on data, earnings news

Wall Street opened down slightly this morning following earnings news and other data. In the first 15 minutes of trading, the Dow is down three-tenths of 1 percent. The broader S&P 500 is down four-tenths of 1 percent, and the...

By Frank Ahrens  |  October 20, 2009; 9:55 AM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Caterpillar, Dow Jones, nasdaq, s&p 500  
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Sept. producer prices fall, housing starts rise

Producer prices -- what people who make things have to pay for materials -- unexpectedly dropped in September, and new housing starts were up but well below forecasts. Overall, producer prices dropped 0.6 percent in September, but if you remove...

By Frank Ahrens  |  October 20, 2009; 8:55 AM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: housing starts, producer prices  
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S&P 500 briefly breaks 1100 before retreating

Last week, Dow 10,000 got all the headlines. But a more important sign post on the way to market recovery was briefly passed moments ago: The Standard & Poor's 500 index briefly broke the 1100 barrier before retreating. The Dow...

By Frank Ahrens  |  October 19, 2009; 1:56 PM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Dow Jones, s&p 500, unemployment  
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Bad third-quarter earnings put the 'Ga!' in 'Gannett'

Here's how low expectations for the newspaper industry are right now: McLean's Gannett, the nation's largest newspaper chain, said its third-quarter profit was down 53 percent, but results beat expectations, so the company's stock is up 7 percent on the...

By Frank Ahrens  |  October 19, 2009; 1:12 PM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Gannett  
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Why third-quarter earnings matter so much

In case you missed it, here's a piece I did analyzing third-quarter earnings so far in yesterday's dead-tree edition of The Post: Halfway through what many analysts and traders are calling the most important earnings quarter in years, investors are...

By Frank Ahrens  |  October 19, 2009; 10:16 AM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Alcoa, Amazon, Bank of America, Citigroup, Coke, Goldman Sachs, J.P. Morgan Chase, Johson & Johnson, McDonald's, PNC, consumer confidence, earnings  
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Stocks up at opening as earnings continue

Wall Street opened up this morning as key third-quarter earnings continue to roll out today. In the first 15 minutes of trading, the Dow is up 18 points, or two-tenths of 1 percent. The broader S&P 500 is up two-tenths...

By Frank Ahrens  |  October 19, 2009; 9:58 AM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Dow Jones, nasdaq, s&p 500  
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