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US markets close down
Published on Thu, Mar 13, 2008 at 09:32 , Updated at Thu, Mar 13, 2008 at 12:11
Source : CNBC-TV18
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CNBC's Margaret Brennan: Stocks fizzled on Wednesday when the market closing down despite an early Fed-fueled rally of Tuesday’s news that banks and bond dealers can exchange mortgage backed securities for treasury bonds. The Dow lost 46 points and the NASDAQ down more than 11 in part due to Dollar weakness. The US Dollar hit a new low against the Euro, and we saw a new high in oil prices of USD 109.92/bbl. Shares of the two largest energy companies, Exxon and Chevron traded down. General Electric says earnings and revenue should rise 10% despite of slowdown in spending and tightening credit conditions. Shares of GE, the parent company of this network, closed up more than 1.5% on the day. |
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All that money you`ve lost — where did it go?
continued.... Jorgenson says no — the amount of wealth in the world "simply decreases in a situation like this."...
in Other Market Topics - my_money at 13-Oct-08 08:47
All that money you`ve lost — where did it go?
Trillions in stock market value — gone. Trillions in retirement savings — gone. A huge chunk of the money you paid ...
in Other Market Topics - my_money at 13-Oct-08 08:46
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