current event " stock market"

The article "Wall Street extends big rally to 2nd session" from 9news.com was about the 2nd session rally. The major market indexes jumped more than 3 percent. Investors also grew more confident as the government neared a deal to dole out billions to America's three biggest automakers. According to preliminary calculations, the Dow rose 298.76. The blue-chip index, which added 259 points

current event " stock market"

Investors received some reassuring words came from Ford CEO Alan Mulally. Who said his company has enough cash to make it through 2009 and may not need government help. Associated Press, came as Ford, General Motors and Chrysler were scheduled to submit to Congress plans for remaking themselves. At the close of trading, the Dow was up 270.00, or 3.3 percent. The NASDAQ composite index rose 51.73, or 3.7 percent. The market's steep drop on Monday ended a five day rally the first such winning streak for the Dow and the S&P 500 since July 2007. Investors got an additional boost after the Federal Reserve said it will extend the life of key programs aimed at loosening the credit markets and restoring stability to the financial sector. I got this from 9news.com named "stocks close higher after roller coaster ride."

Current Event "wallstreet"

The federal government’s latest plan to pump billions of dollars into ailing credit markets drew a tepid response from Wall Street on Tuesday, as shares gave up early gains and flattened at midday, halting the market’s two-day rally.
After rising sharply in early trading, financial markets swung into negative territory as Treasury Secretary Henry M. Paulson Jr. explained the government’s latest efforts to address the crises in financial and credit markets. The move is an effort to unfreeze the market for consumer credit. While the costs of bank-to-bank borrowing have dropped after billions of dollars’ worth of government intervention, rates on mortgages and other consumer loans have remained stubbornly high.

Current Event "wallstreet"

Wall Street stumbled in midday trading on Wednesday after Best Buy warned of a sharp downturn in consumer spending, adding to pessimism about a holiday season that already appeared bleak.
The Dow Jones industrial average was down nearly 300 points at 2 p.m., and the broader Standard & Poor’s 500-stock index was down 3.8 percent as financial markets extended losses into a third day.
The financial markets had been trading down all morning, but began a sharp slide just before Treasury Secretary Henry M. Paulson Jr. appeared at a lectern to discuss the $700 billion financial bailout. Mr. Paulson said that government assets would not be used to buy up troubled assets, as originally planned, but would instead go to buying stock in banks and infusing money into other financial institutions.
As he spoke, markets headed for their session lows.
Wednesday began with more troubling news from the retail sector. Best Buy said its same-store sales could decline 5 percent to 15 percent from November until February. Best Buy lowered its earnings expectations to $2.30 to $2.90 a share, compared with an earlier prediction of $3.25 to $3.40

The Bank of England unexpectedly reduced its benchmark rate by 1.5 percentage points, its biggest rate reduction in more than a decade, and the European Central Bank lowered its interest rate as expected by half a percentage point to 3.25 percent.
The Bank of England cut was to 3 percent, the lowest level since 1954, surprising investors and economists who had predicted a cut of half a percentage point.Both banks cut their rates by a half percentage point on Oct. 8 in a coordinated response with other central banks around the world as they tried to loosen credit markets.

current event "denver's no. 1 most wanted arrested in calif.

the article "denver's no. 1 most wanted arrested in calif." was from 9news.com. It was about a 28 year old named rodolfo Gonzales that was arrested on monday on charges of narcotics trafficking. Police say gonzallez gave them a fake name when he was aresseted. But when he was fingerprinted he was wanted for two countes of murder in denver, and has been featured in america's most wanted. Gonzallez was ranked #1 on the most wanted.

Theat is just crazy that this guy is ranked # 1 for most wanted and it took them till now to catch him. That is sad. It is good that they cought him because of him being a murderer and a drug dealer. The police departement did a good job, but they should cought him early. I can not believe that there are people out there liike this guy. If it was i would turn myself in not to far down the road of a crime i broke. But everyone is not like me so ya but it is good that they cought him.

sather