Linda Young – AHN News Writer New York, NY, United States (AHN) – The foreclosure mortgage mess might cost banks billions of dollars. Concern over the cost has caused nervous investors to unload bank stock, sending the prices of those stocks in a downward spiral. In addition, attorneys general in all 50 states earlier this [...]
Posts Tagged ‘index’
Faulty Foreclosure Paperwork Mess Might Cost Banks Billions
Intel, JPMorgan Earnings Lift U.S. Stocks
Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – Higher than expected quarterly earnings from Intel Corp. and JPMorgan Chase lifted stocks on Wednesday with the blue chips index rising to its highest close since May 3. The Dow Jones Industrial Average gained nearly 76 points or 0.7 percent to [...]
Weekly Recap – Oct. 1: U.S. Markets
Mitchell Jaworski – AHN News Reporter New York, NY, United States (AHN) – U.S. markets finished higher Friday amidst mixed economic data. The move came a day after stocks closed out the strongest September dating back to the 1930′s. The Dow Jones Industrial average rose 41 points or 0.4 percent, trading in positive territory the [...]
Drugmakers Rouse Wall Street
Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – Profits from pharmaceutical firms beat a drop in consumer confidence and fueled a rally Tuesday that put Wall Street back into positive territory. The Dow Jones Industrial Average finished with a 46-point or 0.4 percent gain to close at 10,858 with [...]
Wall Street Pulls Back As Troubled Bank’s Downgrade Weakens Financial Stocks
Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – The specter of European sovereign debt returned to Wall Street as Moody’s downgrade of troubled Anglo Irish Bank hit financial stocks and sent the benchmarks falling. The Dow Jones Industrial Average lost 48 points or 0.4 percent to close at 10,812. [...]
U.S. Stocks Continue Slump Over Rising Jobless Claims, Euro Debt
Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – Rising jobless claims and worsening euro debts pulled down Wall Street on Thursday erasing early gains triggered by a 7.6 percent increase in the resale of single-family homes in August. The Dow Jones Industrial Average was down 77 points or 0.7 [...]
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