Archive for September 1st, 2010

A Flat Day but a Down Month on Wall Street

[at New York Times] – The latest housing data was more upbeat, and consumer confidence rose in August. But traders were still concerned about Friday’s jobs report.

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In Merger Frenzy, Less-Obvious Stocks Could Pay Off

[at The Wall Street Journal] – Common Sense In Merger Frenzy, Less-Obvious Stocks Could Pay Off As merger plays heat up, James Stewart focuses on two less-publicized names—Mosaic and Network Appliance—for his dollars.

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Dow Logs Worst August in 9 Years

[at The Wall Street Journal] – Rough August for Dow The Dow Jones Industrial Average finished the day up 4.99 points, or 0.05%, at 10014.72. Blue chips fell 4.3% in August, the measure s worst performance for the month since 2001.

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Summary Box: Stocks post worst August since 2001

[AP] – GAINS EVAPORATE: Stocks had made modest gains Tuesday morning following a better-than expected reading on consumer confidence but ended nearly flat after more caution on the economy from the Federal Reserve.

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Financial Stocks: Financials rebound after FOMC-minutes drop

[at MarketWatch] – The financial sector bounces back after minutes of the latest Federal Reserve policy meeting highlight internal debate on the economic outlook and the best way to provide stimulus.

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[$$] Russell 2000 Declines 7.5% For August; Saks Surges

[at The Wall Street Journal] – Russell 2000 Declines 7.5% For August; Saks Surges Small-capitalization stocks ended their worst August in 12 years on Tuesday, capping a month of dismal trading for what many consider the market s leading indicators.

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Pops & Drops: McDonald s, DeVry…

[at CNBC] – Following are the month s biggest winners and losers. Find out why shares of McDonald s popped while DeVry dropped and how to play the move.

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Stocks end a brutal August with meager gains

[AP] – The stock market ended its worst August since 2001 with meager gains Tuesday after minutes from the latest Federal Reserve meeting showed officials increasing concern about the economy.

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New Reason For S&P To Climb?

[at CNBC] – A critical piece of economic data comes out overnight and investors are eager to see how it impacts stocks.

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US consumer confidence rise sparks retail rebound

[at Financial Times] – US stocks were flat on Tuesday after fears that the Federal Reserve may have ruled out large scale asset purchases erased earlier gains made on the back of positive consumer spending and housing data.

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