Stocks Fall Across Markets in Second Day Slump
Wall Street slid for a second day as Cisco Systems warned of weak October orders and retailers reported tepid sales. The Dow shed about 440 points while the S&P 500 and Nasdaq also fell, marking a roughly 10 percent two day drop in major indexes. Unemployment benefits rose to 3.84 million, a 25 year high, as investors awaited October employment data.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Cisco Systems
U.S
America
Cisco
Wal-Mart Stores Inc
Labor Department
Vate Bank
Dow
Standard & Poor
Richard Campagna
Provident Investment Counsel
Pasadena
Calif
Campagna
New York Stock Exchange
Bush pushes $700 billion bailout forward as Obama takes office
The Bush administration accelerates the 700 billion rescue program with Treasury plans to borrow a record 550 billion this year and lift funding for bailouts. Productivity slowed 1.1 percent in Q3 while unit labor costs rose 3.6 percent as housing and credit woes weighed on retail sales, with Target and Costco cutting sales and Wal Mart posting gains.
MENTIONED IN THIS ARTICLE
Washington, D.C
Bush White House
Treasury
Henry Paulson
Bush
Barack Obama
Treasury Department
Obama
Fed
Labor Department
Holiday outlook turns grimmer for retailers in October
Retailers posted weak October sales with declines of 10 percent or more as shoppers, worried about finances and layoffs, reduced discretionary buying. Wal-Mart stood out as a rare bright spot by cutting prices on toys to laptops over the next seven weeks, signaling frugal demand for essentials.
MENTIONED IN THIS ARTICLE
Target Corp
Costco
Wal-Mart Stores Inc
New York
Walter Loeb
Thursday Market in Review
Market review discusses O and total return figures around 20 percent, highlighting performance across sectors and investor sentiment. Includes brief notes on key drivers, notable stock moves, and outlook for coming sessions.
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Ed Hyland
J.P. Morgan
Pri
Dr. Julie
Ee Jordan
Aiken
Fabian
Vernon Williams
Hampton Ave
Fox
Pat Roberts
Prudential Woodside Realty
Aikense.com
Stock Exchange
Nyse
Fmac Pf
Duker Pfm
Conseco
LumberLn
SimcerePh
del Cbear
Wsands
SRA Inti
Siventy
Kellysb
Wheart Rsh
NileThern
Senomyx
Foxware
pkMcKer
AlloPirm
Geokinetics
Allonevg
Solitario
Iproultre
OWS
ProUnSemi
GreenHtrn
ProUiFin
Thursday's Market IN Review
Atbt Inc
AbtLab
Alcatellac
Aitrias
Corrie
Nash
Snan
Mits
GenElec
EkotAm
NaziCity
Wachovia
Fordm
Nasdaq
Tecumseha
Servidyne
PwShs
SP Frei
Intel
ProuitFin
Microsoft
Prounsp
Prushs&p
AschMotn
Djia Diam
Proashog
ApriMati
Dany Dow Jones
CBS
BrMySq Osx
Ekodak NY
FMC Corp
Fctzba Nasd
Fordm NY
GenElec NY
Dow Jones Industrials
Divid Kennemts
KimbCik
Lvsands
Owes
wicDnids
sandWuco
Microsoft Nash
Motorola
NatiCity
NorfikSo
Nucor
PwShs Qqq Nash
Prushqqc
Amex
Pimco TotRelis
Prouitsp Amex
ProuitFin Amex
GrthAmAm
ProdGam NY
CapiicBuAm
RegionsFn
CoWidGrAm
Roydshila
InvCoAmAm WW
Scana NY
IncAmerAm
Wamutinva m
EurPacGrAm
SouthnCo NY
Engy
American Funds
New Person m
Fries Amex
Dodge & Cox Stock
Synovus
Textron
FundminvAm
BalAm
Ussteel
UnvHitr
Vanguard
Viacomb
Dodge & Cox intiStk
WalMart
Wells Fargo
American Funds Bond Am
WendyArby
Pimco TotRetAdm
Vanguard Weltn
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SEC
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