Dow Watch: Bank of America, GM Plunging
Investors are awaiting a restructuring update from GM, and Bank of America is falling. Citigroup and JPMorgan Chase are also weak. Wal-Mart is the only stock trading higher.
February 17, 2009
Two Dow Downgrades Weigh on Stocks
Analyst downgrades of two Dow Jones industrials pressured Wall Street Thursday and encouraged investors to take profits one session after the major indexes reached new multiyear highs.
Rakesh Saxena, former adviser to the collapsed Bangkok Bank of Commerce, has been indicted for embezzlement and violations of stock trading regulations and criminal laws.
U.S. Markets Wrap: Dollar Drops Most in 6 Weeks; Oil, Gold Rise
June 23 (Bloomberg) -- The dollar fell by the most in six weeks against the euro, sending oil, gasoline, gold and sugar higher, amid speculation the Federal Reserve will temper expectations for an interest-rate increase this year. Stocks and Treasuries gained. Click here for more info