Spitzer’s Tactics Rather Than Objectives Incurred Wrath of Wall Street
There are lots of people smirking today at the salacious revelations allegedly tying New York Gov. Eliot Spitzer to an expensive prostitute referred to as Kristen.
There are, however, a handful of current and former Wall Street big shots, one-time targets of the former New York state attorney general, who are surely sporting ear-to-ear grins.
New York Republicans Threaten Spitzer’s Impeachment
NEW YORK New York Republicans will seek to impeach Democratic Gov. Eliot Spitzer if he does not resign within 48 hours, New York Assembly Republican leader James Tedisco told FOX News exclusively.
Spitzer’s administration is reeling from reports that the first-term governor arranged to have a prostitute meet with him at a Washington, D.
Financials Fuel a Sell-Off; Dow Tumbles Triple-Digits
Selling has accelerated during the last hour of trading on Wall Street, with the blue-chip index close to 200 points in the red. The market has been pulled down today by the latest bearish economic data and fears about the credit markets.
Today’s Market
As of 3:16 p.m. EST, the Dow Jones Industrial Average fell […]
Markets rally on expected Fed cut
(CNN) Europe’s main stock markets rebounded on Tuesday, after sharp losses the previous day, with London’s FTSE 100 index jumping 2.50 percent by early afternoon trading, while Wall Street also opened strongly.
Elsewhere, Frankfurt’s DAX 30 regained 2.87 percent to 6,360 points at 1410 GMT and in Paris the CAC 40 index was up […]
Citigroup Casts Shadow Over Wall Street; Dow Tumbles 150
The bears continue to dominate on Wall Street, this time taking the blue-chip index 150 points into the red on more worries about the financial sector, especially Citigroup.
Today’s Market
As of 12:29 p.m. EST, the Dow Jones Industrial Average fell 146.46 points, or 1.20% to 12111.87, the Standard & Poor’s 500 index lost 14.
Monday Morning Slump: Financials Hurt Stocks at Open
Wall Street kicked off the week in negative territory after Bank of America reported a worse-than-expected 77% plunge in profit and crude oil prices soared to yet another record.
Today’s Market
As of 9:32 a.m. EST, the Dow Jones Industrial Average fell 67.01 points, or 0.52% to 12785.20, the Standard & Poor’s 500 index declined 5.
Tech Sparks a Comeback, Stocks Close Mixed
For a second consecutive day, Wall Street roared back in the final hour of trading to erase sizable losses. Comments from tech giants Cisco and Amazon.com lifted the Dow from its earlier 200-point decline, outshining fears about Citigroup for the time being.
Today’s Market
The Dow Jones Industrial Average fell 45.
Gloomy Data Fails to Ruin Wall Street’s Big Week
The mood on Wall Street this week clearly shifted from overwhelmingly bearish to cautiously optimistic. That shift was most evident today, when stocks avoided a sell-off and closed mixed in the face of a new report showing the economy was slammed in March by the largest monthly job cuts in five months.
Asian markets honkytonks on U.S. economic system worries
TOKYO, Japan (AP) Japan’s main stock index fell more than 4 percent Monday morning, tracking Wall Street’s losses amid persistent concerns about the U.S. economy.
Continuing worries about the U.S. economy has Asian investors nervous.
The benchmark Nikkei 225 stock index lost 545.93 points, or 4.01 percent, to 13,057.
