Wall Street Opened Higher Again (May 4, 2009)

Wall Street soared again at the opening after the news that pending home sales gained 3.2 percent in March. This news was better-than-expected and have increased the investors' mood.

The National Association of Realtors said that the homebuyers pushed the seasonally adjusted index of pending sales up by 3.2 percent to 84.6 in March. This may be a sign that the economy began to stabilize again.

Stay alert!

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Wall Street Slipped At The Opening But Finally Rose Again (May 1, 2009)

U.S. stock market slipped at the opening due to many negative economic datas and profit taking action made by investors. But at the time this article was written, the stock market has increased again becaused of consumer sentiment's increase.

MasterCard Inc said that their first quarter earnings fell 18 percent to $367 million ($2.80 per share), whereas previosly they earned $447 million ($3.37 per share) last year. The results beat Wall Street expectations, but MasterCard said that their revenue would be lower than expected this year.

Hartford Investment Group reported its first quarter loss of around $1.21 billion($3.77 per share). The result was worse-than-expectation ($3.05 per share).

Chevron said that its first quarter earnings fell to $1.84 billion (92 cents per share), whereas previously it earned $5.17 billion ($2.48 per share) last year.

But the stock market rebounded after The Reuters/University of Michigan Surveys of Consumers said its final index of confidence climbed to 65.1 in April from 57.3 in March.

Stay alert!

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Wall Street Dropped At The Opening, But Recovered Again After It (April 27, 2009)

U.S. Stock market was opened lower due to investors' worry about swine flu. But the market increased again immediately after General Motor's plans to cut its jobs, Qualcomm Inc fiscal second-quarter and Verizon first quarter circulated in Wall Street.

The swine flu's virus was estimated as the cause of more than 100 deaths in Mexico. U.S. and Canada were also shocked by that virus, but not as severe as in Mexico. Beside that, in Europe, Spain also said that its country was infected.

After focused on the swine flu issue, investors were switched their focus on GM and technology sector. General Motor said that it will cut 21.000 jobs by next year and eliminate Pontiac. Qualcomm announced its first quarter loss ($289 million) but it raised its full-year revenue target. Verizon said that it earned $3.21 billion (58 cents per share), higher than its last year first quarter earnings. These news have lifted Wall Street again...

Stay alert!

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Wall Street Dropped Again At The Opening (April 21, 2009)

U.S. stock market dropped again for the second day due to the companies' miserable first quarter earnings.

Caterpillar announced its first quarter loss of around $ 112 million (19 cents per share). This was its first loss since 1992, whereas the company earned $922 million ($1.45 per share) on its last year's first quarter.

Merck announced its first quarter profit of around $1.46 billion (67 cents per share). For information, its last year's first quarter profit was $3.33 billion ($1.52 per share).

But despite experienced a drop at the opening, now the stock market have increased again (at the time this article was written)..

Stay alert!

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Wall Street Declined At The Opening (April 20, 2009)

U.S. stock market were opened lower although there is no significant bad news, even some good news didn't make any increase to the market. Probably this drop was caused by profit taking made by investors.

Some news that circulated today are the announcement of Bank of America's first quarter result. Bank of America announced a profit of around $ 2.81 billion (44 cents per share), which exceeded analysts' expectations (4 cents per share). But nevertheless, their loans problem were also bounced, causing the bank stock prices fell.

On the other side, Oracle Co. announced that they will buy Sun Microsystems for $7.4 billion. Previously, IBM also expressed its intention to buy Sun Microsystems. But IBM did not give further confirmation about its plan.
PepsiCo also announced a bid to purchase the Pepsi Bottling Group and PepsiAmericas for $ 6 billion, which aimed to cut expenditure, in order to become more efficient, and to control its distribution..

Stay alert!

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Wall Street Soared At The Opening! (April 17th, 2009)

Wall Street stock prices have finally increased at the opening. Investors became optimistic after Citigroup and General Electric reported its better--than-expected first quarter earnings.

Citigroup announced that the company experienced losses of around $ 18 cents per share, lower than analysts' expectation (analysts expected that the bank will lose around $ 34 cents a share). This losses is much smaller than one year ago, when Citigroup lose around $ 1.03 per its share.

Beside that, the stock market was also affected by General Electric's first quarter report. The company said that its profit fell 36 percent to $ 2.74 billion (26 cents per share), but this report is still better than analysts' expectation (analysts expected GE will take profit of around 21 cents per share).

These were good news and although slowly, but the recession would be ended soon with the companies' improvement. Stay alert and always think positively!

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Many Economic Data Mixed Wall Street (April 16th, 2009)

Stock market was increased when opened, but decrease again now. Both of good and bad news have affected Wall Street. Some of them were about jobless report, housing starts, and JP Morgan Chase's first quarter report.

The Labor Department said that this week the unemployment claims dropped to a seasonally adjusted 610.000, and this was below the analysts' expectations. This unexpected result was indicated that the job sector has experienced an improvement. But on the other side, the new housing starts met a sharp decline. The Commerce Department said that housing starts fell 10.8 percent to a seasonally adjusted annual rate of 510,000 units in March.

But behind all the not-good-enough news above, there is always a good enough news. JP Morgan Chase reported its $2.14 billion profit on record revenue of $26.9 billion (from January until March). Although these profit are not as much as in last year, but it showed that bank sector have had their lives again..

So stay alert and always think positive!

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Bad News Shook Wall Street (April 15th, 2009)

U.S. stock market was opened lower after many negative economic news occured on Wall Street.

Until now, here are the latest economic data in U.S:

- The Labor Department said that the Consumer Price Index fell 0.1 percent in March. Whereas, previously the Consumer Price Index increased around 0.4 percent in February.

- The Producer Price sank around 3.5 percent in March. This was the biggest decline in producer price since 1950.

- Energy Prices fell about 3.0 percent in March. Previously, the energy prices were increased around 3.3 percent in February.

- Core prices, exclude food and energy items increased 0.2 percent in March..

Stay alert and let's wait for the other news..

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Wall Street Slipped After Many Economic Data (April 14th, 2009)

U.S. stock market experienced a decline at the opening. This decrease was caused by some bad news that appeared on Wall Street. Some of them are the decline in retail sales, wholesale prices, and in auto sales.

The Commerce Department said that retail sales declined about 1.1 percent in March, lower than the analyst prediction that the retail sales will increase 0.3 percent.

In addition, the Labor Department said that wholesale prices also experienced a decline about 1.2 percent in March. The decline was caused by a drop in the cost of gasoline, energy products and foods.

And the worse, the auto sales declined around 2.3 percent in March, indicated that the automotive companies still face its difficult period.

Although the news is not good enough today, but Ben Bernanke still said that these are signs that the recession will ended. Let's wait and stay alert..

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The Stock Market Tried To Maintain Its Position (April 8th, 2009)

At the opening, Wall Street have increased due to the announcement of the U.S. Treasury Department's plans to extend its $700 billion aid to insurance companies.

The insurance companies are eligible to receive the TARP funds because of their bank holding company status.

But beside of this increase, investors must remain cautious about the other news that showed a decline. The Commerce Department said that February's wholesale inventories dropped about 1.5 percent. This was the steepest drop during the last 17 years. Beside that, news that also attracted the investors' attention is the decline of oil prices.

Some analysts said that Wall Street will face a longer bearish sentiment than we have expected. So we must be more cautious..

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Wall Street Declined Again (April 7th, 2009)

Wall street experienced its second day's decline caused by investor's fears about the banks' balance sheet and some of the first quarter's bad report.

In addition, the International Monetary Fund also announced its forecast that the bank's toxic assets could increase to $ 4 trillion. This news has increased the investors' concern about the stock market. Beside that, this news has also increased the investors' worry that the government aid that aimed to raise the banks' loan might not work.

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Wall Street Slipped At The Opening (April 3rd, 2009)

U.S. stock market declined at the the opening, caused by the news about the increase of the unemployment rate. The U.S. jobless rate increased to 8.5 percent in March, where around 663,000 jobs were eliminated by the employers. This was the highest jobless rate since late 1983.

The news about the unemployment rate was indeed quite bad, and this showed that the recession in United States have a very bad impact on the jobs market. But according to some economists, the report in the next months would be not worse than the report in March. Hopefully this opinion indicated that the market has found its true bottom, and the recession would end in 2009 as has been said by Ben Bernanke..

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FASB Gived Facility To Banks In Applying Mark-To-Market Accounting (April 2nd, 2009)

Wall Street jumped sharply after the Financial Accounting Standards Board gived a relief to the banks in applying mark-to-market accounting to their toxic assets. With this rules' relaxation, the troubled banks' balance sheet would be potentially repaired.

Beside that, another thing that also increased Wall Street was a news about the G20 leaders' agreement to provide additional funds of around $ 1 trillion to the IMF and other global institutions, such as the World Bank. The funds injection was aimed to speed up the global economic recovery.

Wow! These news were very spectacular and made Dow Jones jumped up to over 8000 points at the time this article was written. Hopefully, the world economy can recover as quick as we expected. Stay alert!

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Wall Street Slipped On The Beginning of The 2nd Quarter (April 1st, 2009)

Wall Street began the 2nd Quarter of 2009 with a drop that caused of the conflicts occured one day before the meeting of worlds' leader in London. One of the conflicts is that the demonstrans attacked the Royal Bank of Scotland's office because the bank gave annual pension of around 700,000 pounds to its former boss. The investors also worried about the U.S. job cut report that will be announced by the Labor Department on Friday.

But on the other side, the pending home sales were up about 2.1 percent to 82.1 in February. Previously, January pending home sales were still at the lowest spot (on 80.4). Even though the housing sales were still depressed, but this increase indicated that this sector has experienced the resurrection.

Although experienced decline at the opening, but the Dow Jones has increased again now (when this report was written).

Let's hope that tommorow's meeting of G20 leaders will generate good results for the world's economy...

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Stock Market Rallied On March 31th, 2009

Wall Street rallied again after declined on Monday. The investors focused on economic data, because today is the last day of the quarter. Beside that, The Federal Reserve's step to lower the mortgage rates are expected to improve the housing sector.

The report also showed that during March, the consumers' confidence have also improved, although still near its record lows.

However, behind all of the good news above, there are some negative news that make investors become worry. Some of them are the decrease of home price and the possibility of GM's bankruptcy. Previously, President Barack Obama has given 60 days for GM to restructure their company. But Fritz Henderson, the new CEO of GM said that if they cannot reach the agreement with the related party in 60 days, maybe a bankruptcy is one of the decisions that can be taken to solve their problems..

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Stock Market Fell After White House Rejected Auto Companies' Plan (March 31th, 2009)

Wall Street have declined after President Barack Obama rejected the General Motors and Chrysler's turnaround plan. He said that both GM and Chrysler didn't provide enough desire to change their companies' structure.

The latest news, about the removal of Rick Wagoner, CEO of GM has also worsened the industry's conditions. But the President said that Rick's removal was a sign that the company needs new direction.

On The other side, the investors have taken their money back after took profit from two last weeks' gain. They said that they want to allocate their money in a more secure sector.

Stay alert and think positively although the economy not as good as we want..

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Stock Market Slipped Becaused of Some Economic Data ( March 27th, 2009)

Stocks market declined after as some economic data circulated in Wall Street. The investors also took profit after two-day rally.

Here are another news today:

- The Commerce Department said that in Februay, personal spending rose to 0.2 percent, but the personal income fell 0.2 percent. These consumers's mood increased after the government do an effort to help financial system.

- President Obama will meet with the CEO of biggest banks in the country. This meeting will discuss about the plan that designed to improve and stabilize the U.S. financial system.

In addition to the news above, one thing that also quite important and worried by the investors is 2009's first quarter earnings. So again, let's hope the companies' first quarter earnings will increase or at least remain stable..

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U.S. Stock Market Rose Again On March 26th, 2009

Today, some news have strengthened the opinion that the market have found its bottom as Best Buy announced its smaller-than-expected profit. Beside that, an auction on seven-year Treasury notes has also increased the investors' optimism.

Best Buy reported its 23 percent drop in profit, but the drop of its profit are smaller than analysts' expectations. This report showed that the shoppers' power have increased.

On the other side, The Labor Department said that the total number of people claiming benefits increased to 5.56 million last week. This is the highest record on unemployment since 1967..

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Breaking News: Wall Street Jumped Again!

Wall Street rose after the government reported the increases in order for durable goods and the rises of new home sales. Investors were excited after hearing these breaking news.

The Commerce Department said that in February, the demand for durable goods increased for about 3.4 percent. This was the biggest increase since December 2007, where even the order for durable goods experienced a sharp decline last month.

The Commerce Department also said that in February, the new home sales rose about 4.7 percent to a seasonally adjusted annual rate of 337,000. This was a good breaking news, where many economists had expected that new home sales would fall in February.

Some analysts said the increase of stock markets and U.S.economy during the last two weeks have slowed the recession. That is good, let's hope the recession will end as soon as possible ^_^

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Investors Took Profits, Wall Street Slipped (March 24th, 2009)

Wall Street declined as the investors took their profits. They took the profit after the U.S. indexes rose about 7 percent.

Meanwhile, the Congress gived power to Geithner to control big financial institutions, such as AIG, whose failure would endanger the U.S. financial system. Ben Bernanke also said that he wanted to sue AIG to stop giving millions in bonuses. Now, fifteen from twenty executives of AIG have agreed to give back their bonuses. The bonuses are worth $ 50 million.

All the steps that U.S government and The Fed took were aimed to prevent a further fall in the economy. In addition, this step were also taken to improve the U.S. financial system.

Let's wait and see what will be happen next and stay alert. Good luck!

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